Cash Administration Analyst - Sioux Falls, United States - Sammons

Description

What you can expect as the Cash Administration Analyst:

Perform cash consolidation, banking and disbursement functions, handling sensitive financial documentation and large monetary transactions through banking systems and internal reporting. Accountable for complex and consistent maintenance and compliance with financial controls for all disbursement functions. Maintain and adhere to all specified controls as defined by company control standards. Work with Sammons Financial (SF) related disbursement and banking initiatives, interacting with internal and external customers, reflecting our shared corporate values. This role involves time sensitive handling of a complex variety of functions which carry significant financial risk to the organization if not processed correctly. Complete functions of the role with a professional, positive work demeanor that aligns with the Sammons Financial culture and values.
• Responsible for all aspects, from start to finish, of cash consolidation analysis and communications with investment partner to move excess funds to custodial accounts. This includes but is not limited to: obtaining bank reports from multiple banks, monitoring posted deposits from bank branches into national accounts, transferring funds into operating accounts, recording transfers and making corrections if deposited into incorrect accounts and understanding financial transaction source and flows.
• Accountable for dynamic hedge requests and communications with banks and investment brokers regarding the trades and options and verifying accuracy of transactions; communicate any identified inaccuracies to the appropriate party and handle the situation in an efficient manner to ensure risk of penalties is mitigated.
• Evaluate and understand financial documents. Appropriately handle the necessary processes while understanding the implications and risk in the event of mishandling.
• Responsible for preparing, balancing, transmitting and saving Automatic Clearing House (ACH) debit and credit files, dealing with returns and National Automated Clearing House Association (NACHA) notices within, at times, tight timeframes.
• Initiate manual ACH requests and monitor transactions; handle critical communications and follow-up after the release.
• Understand the financial penalties and risks associated with the functions of the role and proactively handle all functions keeping tight deadlines and potential financial risk at the forefront of processing.
• Accountable for the handling, monitoring and communicating of credit card batch files and transaction processes.
• Balance and transmit AP credit card file; work with Accounts Payable regarding any discrepancies.
• Monitor all automated and manual incoming files and communicate any issues with programmers and business partners.
• Handle outgoing variable, tax, inter-company and miscellaneous, potentially high dollar, wire transfers on banking systems; understand the risk associated with variable handling (i.e. trades) in addition to the financial risks associated with mishandling or missed deadlines.
• Responsible for the daily disbursement and processing of checks in a timely manner under strict deadlines, including the handling of loan letters and endorsements.
• Process returns, reversals (reissue check if necessary), recalls and research items and communicate with applicable users that handle them.
• Handle rejected checks and resolve issues in a timely manner.
• Maintain Treasury Operations group mailbox correspondence and complete, research or correct any requests.
• Complete all disbursement related general ledger entries into JEEI upload daily and understand accounting requirements.
• Support Anti Money Laundering compliance initiatives by analyzing, documenting and communicating potential issues.
• Document appropriate status spreadsheets daily.
• Rotate disbursement desk functions monthly to keep knowledge and expertise current.
• Work rotation on Sammons Financials' closed holidays when the banks are open.
• Scan and index specific disbursement activity into the library for retention; review and rotate imaged packets that have been scanned ensuring all data is intact.
• Accountable for timely and accurate completion of State Insurance Department Premium Tax Filings and State Guaranty Associations, including estimated payments, accruals, tracking, monitoring refunds and maintaining any necessary work papers.
• Responsible for projects and support, as necessary, for all disbursement related functions or any other requests made by management.
• Commitment to embrace Sammons Financial Group Companies shared values (Accountability, Connection, Openness, Respect and Integrity).
• As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.

What we are looking for:

• Associate's Degree required
• Minimum 2 years' Treasury background or banking experience with a bank or financial institution required
• Organized and flexible to handle multiple tasks and meet the challenges of a changing and, at times, stressful environment
• Ability to understand and appropriately handle all components of complex work processes from start to finish
• Demonstrated collaborative team skills within and outside of Corporate Accounting; work in a positive fashion towards common organization goals
• High degree of professionalism required in all interactions
• Must be detail oriented
• Proven ability in exercising good judgment
• Ability to work proactively and handle any foreseeable challenges
• Must be able to successfully perform in a deadline driven environment with the understanding that mishandled transactions could result in financial consequences for the organization
• Excellent written and oral communication skills
• Proficient mathematical ability and bookkeeping skills
• Proficient PC and Microsoft Office skills
• Must be able to work a department schedule based on financial institution (i.e. bank) and stock market hours
• Due to the financial nature and level of accountability of this position, a credit and criminal background check is required - The Fair Credit Reporting Act requires Sammons Financial Group Companies to notify you that, as a routine part of processing this application for employment, Sammons Financial Group may request a consumer report on you to verify all information contained in this application. Such report may include information about work-related behaviors, performance, character, general reputation, and personal characteristics, in addition to information about your previous employment, education, credit history and criminal records
• FINRA regulations require fingerprinting for this position. Management reserves the right to determine and approve incumbent suitability for this position.

Sammons Financial Group Companies offers some of today's most sought after life insurance, annuity, retirement planning products and portfolio-management solutions. Unlike most financial organizations, our companies are not publicly traded, which means we're focused on long-term value rather than short-term earnings pressures. As a privately held company, our leaders and employees remain consistently focused on long-term growth, making decisions that allow us to deliver on our commitments to customers, distribution partners, our employees, and our communities. Individually, our companies provide value in the products and services they offer. Together we represent a history of strength and longevity.

What you can expect when you join Sammons Financial Group:

• A company you want to be a part of, driven by inspiring leaders and a fun, friendly work environment.
• Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.
• Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.
• Our competitive benefit package includes: Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.
• A generous retirement program. Our Employee Stock Ownership Plan (ESOP) is a 100% company funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.
• A company that celebrates diversity, is committed to inclusion, and is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, veteran status or any other status protected by federal, state or local law.

Work Authorization/Sponsorship

At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)