at RSM US LLP in ChicagoChicago, Illinois, United States
Job Description
We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, inclusive culture and talent experience and our ability to be compelling to our clients. You'll find an environment that inspires and empowers you to thrive both personally and professionally. There's no one like you and that's why there's nowhere like RSM.
Position Summary:
Responsible for direct administration of all treasury related functions for a Private Equity Real Estate Investment Firm.
Primary responsibilities include bank account administration, cash management, account analysis, cash forecasting and process documentation.
Reports To:
Chief Accounting OfficerSupervises:
Corp. Senior Accountant
Senior Associates (related to cash transactions)
Essential Functions:
Bank Account Administration
Coordinate the opening and closing of bank accounts
Coordinate the establishment of lock boxes
Maintain a database of accounts, both internal (CNB) and external
Maintain a database of wire instructions
Acting administrator of the Online Treasury System (CNO)
Account Analysis
Understand the banking fee structure
Receive the account analysis report and review for accuracy
Understand and evaluate the accumulation and use of Earnings Credits (ECRs)
Treasury Dept. Documentation
Maintain the Treasury Dept. Manual, including forms
Maintain the PM "Welcome Package"
Assist in onboarding new property management firms with treasury support
Cash Forecasting
Provide short-term investment or borrowing requirements to Controllers, CAO & President for execution
Evaluate opportunities to earn interest with overnight cash sweeps, money market accounts and ST investment options
Monitor exposure levels amongst banks and evaluate uninsured (FDIC) exposures
Coordinate transfers with Managed Investment Accounts, as needed
Cash Management
Monitor the treasury email account
Process requests for wire transfers through "authorization" stage
Property related / CFRs
Separate Account
Investors
Process E-Deposits
Submit daily wire report to CAO or Corp Controller for release
Monitor the treasury portal for wire rejections
Submit completed wires and MRI journal entry loaders to the accountants for filing
Monitor accounts for overdrafts and replenish with funds
Assist with the preparation of monthly bank account reconciliations for title holding co. accounts
Client Distributions
Manage monthly client distribution calendar
Receive approved distribution worksheets
Update distribution letters
Prepare wire transfers
Bank Relationship
Serve as daily liaison with the CNB management team
Serve as the daily liaison with the PM teams in regards to banking
Coordinate the submission of banking forms
Fund Lines of Credit
Monitor compliance requirements for any Fund Lines of Credit
Administer draw requests and paydowns
Monitor any Letters of Credit established under the credit lines
Audit Support
Facilitate the preparation of cash confirmations
Serve in a support role during the annual SEC custody exam
Make sure the Separate Account investors are receiving bank statements
Prerequisites:
Education:
Bachelors and/or Masters Degree in Business Administration with an emphasis in finance or accounting. The degree should be obtained from a well-recognized university.
Certified Treasury Professional ("CTP") designation is preferred but not required.
Experience:
5+ years experience in the treasury, accounting or finance sector.
3+ years in a position equivalent to a senior or higher responsibilities.
3+ years of experience working in a treasury capacity or in a commercial bank, preferably in the real estate industry.
Prior experience working in an online treasury system.
Prior experience in the preparation of wire transfers.
Skills:
Credibility, ethical, full disclosure and clean financial history.
Confidential, understands the ethical standards of a CTP.
Ability to handle cash management and the mental conflicts that are associated with this responsibility.
Conscientious about timeliness of assignments and quality of work product.
Accountable for specific performance.
Possess exceptional written and verbal communication skills, including ability to articulate recommendations in a concise and timely manner.
Able to handle multiple tasks and maintain control and order over same.
Good financial reporting technical skills.
Exceptional work ethic.
Growth Requirements:
Willing to learn new treasury skills related to the Investment Company industry and real estate in general.
Develop a comprehensive understanding of treasury skills for real estate investments and... For full info follow application link.
RSM is an equal opportunity/affirmative action employer. Minorities/Females/Disabled/Veterans.
