The Treasury Assistant (Bank Relations) is responsible for maintaining strong relationships with banks and financial institutions to facilitate the organization's financial operations. This role involves coordinating with various departments to ensure efficient cash management, optimizing banking services, and managing banking documentation.

DUTIES, RESPONSBILITIES & OUTPUTS:

1. Bank Relationship Management: Develop and nurture strong relationships with banks and financial institutions.

• Act as the primary point of contact for all banking related matters.
• Negotiate terms and conditions with banks to optimize services and minimize costs.
• Stay updated on banking industry trends and regulatory changes that may impact the organization.

2. Cash Management: Monitor daily cash positions and forecast cash flows to ensure adequate liquidity.

• Execute cash management strategies to optimize cash balances and minimize idle cash.
• Initiate and approve electronic fund transfers, including wires, ACH, and other payment methods.
• Coordinate with accounting and finance teams to reconcile bank accounts and resolve discrepancies.

3. Banking Operations: Oversee the opening and closing of bank accounts as needed.

• Manage banking documentation, including account agreements, signature cards, and resolutions.
• Ensure compliance with banking regulations and internal policies.
• Review and approve bank fees and service charges for accuracy and reasonableness.

4. Financial Analysis and Reporting: Assist in preparing financial reports related to cash management and banking activities.

• Analyze bank fees, interest rates, and other banking costs to identify potential savings opportunities.
• Generate ad hoc reports and analysis as requested by management.

5. Risk Management: Assess and mitigate risks associated with banking relationships and cash management activities.

• Implement controls to safeguard against fraud, unauthorized transactions, and operational errors.
• Monitor compliance with internal controls and recommend improvements as necessary.

• Bachelor's degree in finance, accounting, or related field.
• Prior experience in treasury operations, cash management, or banking.
• Strong analytical skills with attention to detail.
• Excellent communication and interpersonal skills.
• Proficiency in Microsoft Excel and financial software applications.
• Knowledge of banking regulations and financial markets.
• Ability to work independently and prioritize tasks effectively.
• SALARY RANGE: 18,000-25,000
• RECRUITMENT PROCESS:
• Initial Interview - Final Interview (In person)
• RECRUITMENT PROCESS:
• Initial Interview - Final Interview (In person)