Cash Manager – Investments

Location: Washington, District Of Columbia
Category: Accounting & Finance
Job ID: 10138
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JOB DESCRIPTION

Provide active management and oversight of the investment portfolio to maximize performance of the fund.  The position is responsible for monitoring interest income and maturities of laddered investments in order to expedite the timely reinvestment of funds.  The Cash Manager is responsible for full cycle cash management including all banking, electronic payments (ACH, wires, interbank transfers), and account reconciliation.

PRIMARY DUTIES AND RESPONSIBILITIES:
 
  • Manage investment portfolio of U.S. Treasury securities, which includes the timely reinvestment of matured U.S. Treasury securities into new securities to maximize investment performance to meet BOD objectives.
 
  • Construct the daily cash report to monitor the cash position on a daily basis, including identifying cash flows from varied transactions and determining all cash needs.
  • Determine sale and purchase of securities to meet cash needs and investment objectives.
  • Calculate amortizations for all purchases of U.S. Treasury securities.
  • Develops and maintains relationships with broker-dealers, utilizing on-line trading sites in order to expedite trades. 
  • Initiate securities sales and purchases, via secured access, on Bloomberg.           
  • Initiate delivery and payment instructions with Federal Reserve.
  • Provide budget calculations for all investment and banking-related accounts.
  • Provide monthly variance analysis and explanation for interest income.
  • Initiate all wire requests with Federal Reserve, CitiDirect and CitiBusiness.
  • Drafts memos to Board of Directors and senior management regarding investment portfolio status, performance and strategy.
  • Calculate semi-monthly fund estimates using fair market value of treasuries portfolio and current cash position.
  • Prepares financial statements, balance sheets, and text discussing financial performance of the organization and investment portfolio for  annual report.
  • Researches investment alternatives, including extending portfolios into different types of securities to assess performance of current investment strategy.
  • Monthly audit and reconciliation of all collections entered into GICX system with Citi Check21 accounts; research and resolve all returned checks, foreign checks and their associated fees, as well as checks sent in error.
  • Monthly reconciliation of all payroll entries to BOA payroll account.
  • Review as Trustee bank reconciliations.
  • Various projects as assigned, such as assisting with lease negotiations and renewal.


QUALIFICATIONS:
 
  • Bachelor’s degree or equivalent (MBA or CPA preferred).
  • Five plus years of relevant full-cycle cash management experience.
  • Detail-oriented with good organizational, writing and verbal skills to successfully interact with business contacts as described above.
  • Ability to interface with various internal departments.
  • Experience interacting with broker-dealers and banking officers.
  • Ability to perform necessary level of calculations and analysis required to prepare financial reports and accounting records.
  • Process oriented – ability to analyze existing process/procedure, document it, and provide recommendations for improvements.
  • Proficiency with Microsoft Office programs (Outlook, Word, Excel, PowerPoint)
  • Advanced knowledge of Excel spreadsheets and accounting software applications.
  • Experience with online banking systems and online trading site