Cash Management Officer provides support and service for the cash management needs of business banking clients. Ensures client retention and customer satisfaction. Being a Cash Management Officer typically handles general accounts. Requires a bachelor's degree. Additionally, Cash Management Officer typically reports to a manager or head of a unit/department. The Cash Management Officer gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Cash Management Officer typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)
Responsible for supporting the Accounts Payable Department with cash management duties as it relates to check runs/voids, daily cash reconciliations and resolving issues as it relates to EFT, ACH, and check payments. In addition, responsible for daily/monthly reports and journal entries as it relates to this area of responsibility.
Role and Responsibilities
Responsible for processing of the daily/ weekly check runs and voids for multiple systems and tracking.
Responsible for the daily/monthly balancing and issue resolution of cash and p-check accounts.
Responsible for the resolution of positive pay issue notifications from bank.
Responsible for the ACH/EFT setup as it relates to vendor payments across multiple systems.
Responsible for Virtual Card check run process, reconciliation and resolving issues timely with vendors.
Responsible for the preparation, review and coordinating with the AP team on resolution of the monthly outstanding check list.
Responsible for preparing the monthly vendor debit balances report and assisting with review and resolution.
Responsible for preparing and posting journal entries as it relates to respective area for AP Cash and P-checks.
Responsible for preparing weekly Days to Pay report and monthly reconciliation of report.
Responsible for documenting procedures related to areas of responsibility.
Responsible for other monthly reporting and backing up others as required.
Qualifications and Education Requirements
Bachelors Degree in Finance or Accounting with 0-2 years experience OR 5 years of AP experience
Proficient in Microsoft Suite (Intermediate to Advanced skills in Excel a Must)
Strong ability to organize, multi-task and communicate information in a timely fashion.
Strong customer service skills.
Excellent verbal and written communications skills, organizational skills, detail oriented and highly motivated.
Ability to work in a team environment and strong individual contributor.
Exposure to Oracle, Infor XA, Baan, Microsoft Dynamics, Power BI a plus.