Washington University is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity or expression, national origin, genetic information, disability, or protected veteran status.
This position is full-time and works approximately 37.5 hours per week. Requires availability on University holidays when banks are open such as day after Thanksgiving.
Department Name/Job Location:
This position is in the Department of Treasury Services. This position is for the Danforth Campus.
Responsible for coordination of daily cash management/banking activities in a highly decentralized university organizational structure. Communicate daily with the University’s primary banks and internal departments to ensure that operating cash balances meet university requirements on a daily and forecasted basis. Serve as contact with the University’s primary banks and internal departments to ensure banking service needs are met. Proactively evaluate, recommend and implement appropriate banking and cash management products and systems. Review Treasury on-line banking procedures, processes and security measures and recommend improvements as necessary. Evaluate financial systems for potential integration into Treasury operations workflow. Prepare analyses of bank pricing and services. Assist in establishing bank relationships. Primary contact for services provided by on-campus retail branch and ATMs. Position reports to Assistant Treasurer.
PRIMARY DUTIES AND RESPONSIBILITIES:
Review daily cash positioning data, and serve as backup for determining position.
Concentrate company receipts and fund disbursements. Utilize automated systems or software as available. Request or invest excess funds on a timely basis.
Monitor accounts for potential fraudulent activity; investigate questionable transactions.
Maintain calendar of daily/monthly/semi-annual banking transactions including payroll, payroll taxes, employee benefits, debt principal and interest payments and assure requirements are funded.
Review requests for international wire and draft transactions.
As needed, research, identify and notify schools and departments of payments; occasionally requires journal entries.
Maintain cash forecast database. Assist with cash forecast as needed and review cash flow projections as needed.
Administer bank accounts, bank service agreements and banking documents.
Review Bank Account Analysis Statements. Determine accuracy of service fees and activity volume. Utilize analysis software where appropriate to analyze and explain variances.
Make recommendations to reduce costs and improve efficiency of banking services. Develop cost estimates for new services. Coordinate special projects and research new bank products.
Evaluate departmental requests for banking services and recommend services to meet departmental needs.
Provide periodic review of bank pricing, services and overall bank relationship for management review including bank service agreements, bank account structure, security requirements and costs.
Perform analysis to understand current banking needs, forecast future needs and manage effectiveness of services provided by banks and other vendors.� Work closely with schools and departments to assure timely provision of banking services.
Lead or participate in obtaining competitive bids for cash management services.� Compare fees, service levels, float and other related costs.
Maintain expert knowledge of and administer systems security requirements for on-line banking transactions.
Oversee foreign accounts and international banking activities. Maintain database of and analyze foreign currency transactions and pricing.
Recommend and implement strategies for electronic processing for domestic and international cash receipts and disbursements.
Recommend, develop, supervise, maintain and test disaster procedures for daily cash management. Prepare and circulate documented procedures to appropriate personnel.
Recommend and document cash management policies and procedures. Plan and execute training for personnel (including wire and ACH initiators, approvers and reconcilers) involved in cash management transactions.
Perform other duties as assigned and assist or carry out special projects as requested.
Bachelor’s degree and five years’ experience in corporate cash management, banking, finance, or related field.
MBA from AACSB accredited program.
Certified Treasury Professional designation.
Experience with accounting systems and procedures in a large organization.
Ability to work effectively in a highly decentralized environment.
Familiarity with bank Account Analysis statements.
Highly ethical individual with ability to handle confidential information responsibly.
Strong written and oral communication skills with attention to detail.
Time management and organizational skills. Self-starter. Sense of urgency.
Experience with WorkDay or other cloud based finance and accounting systems.
Expertise in bank Internet and on-line systems and related data security procedures.
Project management experience in implementing treasury systems.
Ability to work under pressure, deal with last minute requests and meet deadlines.
Knowledge of bank terminology, bank cash management processes and services including various electronic payment methods. Familiarity with interest rate calculations and conventions.
Knowledge of internal controls.
Spreadsheet, quantitative and analytical skills with proficiency in Excel and Word.
Ability to organize and manage data and produce clear and relevant analysis.
Ability to work cooperatively with other financial and University departments.
Excellent interpersonal skills with service orientation; ability to participate as a team member on various projects.
Ability to work independently with minimum supervision.
Ability to coordinate activities in a highly decentralized organization.
Applicant Special Instructions:
North Campus office location. Occasional travel to Danforth and Medical campuses and banks.
The hiring range for this position is $59,612 - $77,532 annually.
-Retirement Savings Plan -22 vacation days -8 Paid Holidays -Sick Time -Tuition benefits for employee, spouse and dependent children -Free Metro Link/ Bus pass -Free Life Insurance -Health, Dental, Vision -Health Savings Accounts (HSA) -Long Term Disability Insurance -Flex Spending Plan -Other Benefits
Human Resources website (hr.wustl.edu)
Internal Applicant Instruction:
Please attach a copy of your most current signed performance evaluation (completed within the last 18 months) to your online account. If you have not received a performance evaluation, you may provide two current signed letters of recommendation (written within the last 18 months), preferably to include one letter from either a current or recent former supervisor. To attach these documents, go to: My Career Tools, Add Attachment, Attachment Type – Performance Reviews or Letters of Recommendation.
Washington University in St. Louis, a medium-sized, independent university, is dedicated to challenging its faculty and students alike to seek new knowledge and greater understanding of an ever-changing, multicultural world. The University offers more than 90 programs and almost 1,500 courses leading to bachelor's, master's and doctoral degrees in a broad spectrum of traditional and interdisciplinary fields, with additional opportunities for minor concentrations and individualized programs. The faculty is composed of scholars, scientists, artists and members of the learned professions. They serve society by teaching; by adding to the store of human art, creativity, understanding, and wisdom; and by providing direct services, such as health care.