Sammons Financial Group Companies · 1 week ago
Cash Administration Analyst
Sioux Falls, SD
Full-time
Onsite
Entry Level
$38K/yr - $63K/yr
2+ years expSammons Financial Group Companies is seeking a Cash Administration Analyst to perform cash consolidation, banking, and disbursement functions. This role involves handling sensitive financial documentation and ensuring compliance with financial controls while interacting with internal and external customers.
FinanceFinancial ServicesRetirement
No H1B
Responsibilities
Responsible for all aspects, from start to finish, of cash consolidation analysis and communications with investment partner to move excess funds to custodial accounts. This includes but is not limited to: obtaining bank reports from multiple banks, monitoring posted deposits from bank branches into national accounts, transferring funds into operating accounts, recording transfers and making corrections if deposited into incorrect accounts and understanding financial transaction source and flows
Accountable for dynamic hedge requests and communications with banks and investment brokers regarding the trades and options and verifying accuracy of transactions; communicate any identified inaccuracies to the appropriate party and handle the situation in an efficient manner to ensure risk of penalties is mitigated
Evaluate and understand financial documents. Appropriately handle the necessary processes while understanding the implications and risk in the event of mishandling
Responsible for preparing, balancing, transmitting and saving Automatic Clearing House (ACH) debit and credit files, dealing with returns and National Automated Clearing House Association (NACHA) notices within, at times, tight timeframes
Initiate manual ACH requests and monitor transactions; handle critical communications and follow-up after the release
Understand the financial penalties and risks associated with the functions of the role and proactively handle all functions keeping tight deadlines and potential financial risk at the forefront of processing
Accountable for the handling, monitoring and communicating of credit card batch files and transaction processes
Balance and transmit AP credit card file; work with Accounts Payable regarding any discrepancies
Monitor all automated and manual incoming files and communicate any issues with programmers and business partners
Handle outgoing variable, tax, inter-company and miscellaneous, potentially high dollar, wire transfers on banking systems; understand the risk associated with variable handling (i.e. trades) in addition to the financial risks associated with mishandling or missed deadlines
Responsible for the daily disbursement and processing of checks in a timely manner under strict deadlines, including the handling of loan letters and endorsements
Process returns, reversals (reissue check if necessary), recalls and research items and communicate with applicable users that handle them
Handle rejected checks and resolve issues in a timely manner
Maintain Treasury Operations group mailbox correspondence and complete, research or correct any requests
Complete all disbursement related general ledger entries into JEEI upload daily and understand accounting requirements
Support Anti Money Laundering compliance initiatives by analyzing, documenting and communicating potential issues
Document appropriate status spreadsheets daily
Rotate disbursement desk functions monthly to keep knowledge and expertise current
Work rotation on Sammons Financial’s closed holidays when the banks are open
Scan and index specific disbursement activity into the library for retention; review and rotate imaged packets that have been scanned ensuring all data is intact
Accountable for timely and accurate completion of State Insurance Department Premium Tax Filings and State Guaranty Associations, including estimated payments, accruals, tracking, monitoring refunds and maintaining any necessary work papers
Responsible for projects and support, as necessary, for all disbursement related functions or any other requests made by management
Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity)
As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands
Other duties as assigned
Qualification
Required
Associate's Degree Required
Minimum 2 years' Treasury background or banking experience with a bank or financial institution Required
Organized and flexible to handle multiple tasks and meet the challenges of a changing and, at times, stressful environment
Ability to understand and appropriately handle all components of complex work processes from start to finish
Demonstrated collaborative team skills within and outside of Corporate Accounting; work in a positive fashion towards common organization goals
High degree of professionalism required in all interactions
Must be detail oriented
Proven ability in exercising good judgment
Ability to work proactively and handle any foreseeable challenges
Must be able to successfully perform in a deadline driven environment with the understanding that mishandled transactions could result in financial consequences for the organization
Excellent written and oral communication skills
Proficient mathematical ability and bookkeeping skills
Proficient PC and Microsoft Office skills
Must be able to work a department schedule based on financial institution (i.e. bank) and stock market hours
Due to the financial nature and level of accountability of this position, a credit and criminal background check is required
FINRA regulations require fingerprinting for this position
Benefits
Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.
Employee Stock Ownership Plan (ESOP) is a 100% company-funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.
Healthy balance between work and personal lives.
Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.
Our incentive program for defined goals subject to eligibility and performance. Monetary rewards are based on individual and/or overall company performance.
Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.
Company
Sammons Financial Group Companies
Sammons® Financial Group Companies (collectively, Sammons Financial Group) provide today’s most sought after life insurance, annuity, and retirement products.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Esfand Dinshaw
Chairman and Chief Executive Officer
Recent News
2026-01-24
2026-01-22
Morningstar.com
2025-12-08
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