Treasury Specialist

Overview

Responsible for treasury functions, vendor maintenance and assisting with the day-to-day accounting department functions. Assist Chief Accounting Officer and Controller of Corporate Accounting with projects as assigned.

 

The Treasury Specialist will be responsible for creating a professional work environment, which reflects the Pennrose priorities of customer service, respect and collegiality among development and property team members, to meet the financial and operational goals while following company policies and procedures and applicable regulations.

 

 

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Responsibilities

· Open new bank accounts, compile all entity documents for the banks and complete the required forms.

· Update all accounting and banking platforms (ex: Yardi, Paymode-X, SAP concur, BofA works) for new bank accounts and administer user access.

· Assist in new treasury platform set up and implementation.

· Assist in development and implementation of short and long-term cash reporting and forecasting tools for management.

· Preparation and distribution of Treasury reports to management.

· Monitor and manage the company's financial risks, including interest rate, and credit risks.

· Close all bank accounts as requested.

· Open & maintain all the online access to the various banks and Paymode-X.

· Monitor online banking account lists for proper account names and titles.

· Prepare any W-9's and wire instructions for developers and lending institutions. Verbally confirm wire instructions for lenders.

· Assisting in the accurate and timely preparation of wires and transfers

· Prepare ACH/Direct Deposit and vendor forms for municipalities/subsidy providers.

· Coordinate required documents and add/update new Vendors in Yardi for PMC and Development.

· Assist with yearly reserve withdrawals for PMC and Housing Authorities.

· Prepare billing instructions for new vendors and maintain updated property list for same.

· Assist Financial Reporting and Compliance group with entity set up and compliance as needed.

· Record Predevelopment loan interest to general ledger.

· Provide administrative and accounting support as needed.

Qualifications

Required Education and Experience:

· Bachelors’ Degree

· 3-5 years’ experience in treasury and accounting/cash management required

· Real Estate experience preferred

· Experience utilizing Yardi software preferred

 

 

Working Conditions:

· Ability to work periodic flexible hours is required.

· Ability to perform in a busy, multi-tasking work environment.

· Ability to pay close attention to detail and adhere to strict deadlines