Cash Associate Job Description
Cash associate
provides accounting support for cash, hedging, leasing administration for fleet operations, and currency translation, including all associated journal entries.
Cash Associate Duties & Responsibilities
To write an effective cash associate job description, begin by listing detailed duties, responsibilities and expectations. We have included cash associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Code non defined deductions in EU market
Prepare and send ad hoc reports to local markets with the open deductions
Write-off aged deductions
Collecting information on new income events
Sending SWIFT messages of upcoming dividends and current payments applied for select accounts
Researching and reconciling, as necessary, all income events
Maintaining income files
Researching and resolving customer inquiries
Providing high quality work by ensuring accuracy and seeking to continuously improve our processes and platforms by embracing new and better ways of doing things
Performing all functions as assigned by management
Cash Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Cash Associate
List any licenses or certifications required by the position: OTC, CFA, ITIL, CTP, AAP, SAP, PRINCE, PMP
Education for Cash Associate
Typically a job would require a certain level of education.
Employers hiring for the cash associate job most commonly would prefer for their future employee to have a relevant degree such as Associate and Bachelor's Degree in Accounting, Finance, Business, Economics, Education, Business/Administration, Associates, Management, Administration, MBA
Skills for Cash Associate
Desired skills for cash associate include:
Products and services offered
ERP
MS Office
SAP ERP
Basic accounting principles and journal entries
Bloomberg and Aladdin
Collections
Deductions
EDG products
End to process of order to cash
Desired experience for cash associate includes:
Previous experience working in Fixed Income or OTC derivatives
Have a good understanding of Microsoft applications eg
Experience within Accounts Receivable or Cash Application functions within a
Shared service center for a multinational corporation preferred
Demonstrated interpersonal skills, customer management skills
Analytical, change management and communication skills
Cash Associate Examples
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Cash Associate Job Description
Job Description Example
Our company is growing rapidly and is hiring for a cash associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for cash associate
- Main point of contact for custodians, traders, portfolio managers and other business line contacts for all portfolio inquiries including (but not limited to) daily cash balance and flow information, holdings, analytics, transactions, allocations
- Troubleshooting for the business – items such as overdraft research, erroneous data such as transactions or prices, transaction inquiries, routing or executing ad-hoc client requests
- Responsible for resolving escalations, and the escalation of operational, regulatory and other risks to the COO and Organisation Leadership functions
- Responsible for directing the timely, complete and accurate processing of transactions across MT Payments, Cheque, GIRO and Cash processes (including performing all relevant controls) and the implementation of initiatives to ensure continuous process improvement
- Managing small team with in Cash Operations Hong Kong
- Scan and store debit note/trade invoices provided by the Customers
- Direct trade invoices to the right approver in the Local Market (depending on the market)
- Manage the Overpayment process
- Manage the end-to-end rebates process recharge (transport) procedures
- Conduct trend analysis to drive continuous improvement related to deduction processes and systems
Qualifications for cash associate
- Maintain a constant focus on achieving and surpassing established metrics
- Provide direction and assistance to global team in resolving issues to meet deduction metrics
- Go above and beyond"
- Minimum 5 years of high volume data entry experience in Cash Applications or related area with a GL impact
- Familiarity with sales and use tax regulations is desirable
- Experience with Wide Area Work Flow and internet billing submissions is desirable
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Cash Associate Job Description
Job Description Example
Our company is looking for a cash associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cash associate
- Cash Room – You love keeping track of the money – you sort and count the bills with an automated machine
- Establish daily cash positions to support daily funding decisions
- Run cash position models that record disbursement and receipt activity, concentrate subsidiary bank funds, and compute and record daily cash balances
- Interact with front office traders throughout the day to communicate changes in projected closing cash balances and discrepancies in forecasted settlements
- Partner with settlements reconciliation, compliance, and corporate accounting teams to execute and reconcile cash transactions
- Act as an advisor on Treasury matters related to bank account openings, closings and banking product recommendations
- Support new cash management processes and requirements as necessary to comply with changing regulations
- Manage and report on daylight overdraft limits and usage
- Support cash management integration for acquired businesses and new business activities
- Become subject matter expert for corporate (non-customer) cash transactions and most efficient placement of cash
Qualifications for cash associate
- SWIFT, RTGS, NEFT and other various local clearing systems
- Accurate data entry skills are necessary
- Competency in Microsoft Office, including Excel is essential
- Ability to meet strict deadlines is desired
- Ability to prioritize and manage multiple activity streams is necessary
- Effective personal organization and time management skills are preferred
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Cash Associate Job Description
Job Description Example
Our growing company is looking for a cash associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for cash associate
- Engage and educate stakeholders on funding processes, interactions and impacts.Strict management control of team mailbox responding to queries within internal SLAs
- Work with the Front Office to improve communication, understanding and processes
- Control, monitor, and process all outgoing cash – wires, checks, ACH
- Ensure accuracy and the set-up of scheduled events on the trust account system
- Prepare reconciliations to certify the completion of cash movement
- Coordinate disbursements with the Tax Department, Client Service Team, and other business partners
- Monitors client systems for payment information
- Performs ad hoc analysis and reconciliation as needed
- Identify opportunities to improve processes, define functional requirements for tools, and implement change
- Accountable for a posting payments within a 24 hour period researching unapplied payments for posting, posting all payments by month end with allowable small identified amt in unapplied cash
Qualifications for cash associate
- Team members may be required to work extended hours during peak times
- A minimum of 1 year related experience in a Bank or Financial Institution required
- Experience with check transactions, check payments, and account reconciliation strongly preferred (ARP Positive Pay and Cash Management Products)
- Knowledge of banking applications a plus (ARP, SMS, ASD, OTG, Evision, Impacs)
- Undergraduate finance degree preferred or banking/business equivalent combination of training and experience
- Vanguard experience and strong working knowledge of Vanguard systems preferred
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Cash Associate Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of cash associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for cash associate
- Maintenance of systems to ensure maximum auto-application of checks
- Creating and maintaining a forward balance excel spreadsheet which tracks the reconciled accounts with payer acknowledgment of credit balances of offsets discovered through the forward balance/zero remit process
- Research incomplete instructions for necessary clarification
- Partner with the Buyer to formulate and profitably execute the development, selection, procurement
- Resolve cash research requests including the reversal and reapplication of cash transactions
- Complete return item reversals
- Forward service released items and returns to borrowers, including issuing checks and wires to borrowers and third parties
- Process Term Modification, complete various cash research CITs, assist with audits and special projects
- Communicate with our bank, prior servicers, internal departments, and other companies to resolve outstanding cash research issues
- Complete daily balancing
Qualifications for cash associate
- Demonstrated desire to learn new things and grow professionally
- Experience in Cash allocation to customer invoices based on bank statements
- Experience in Write off / Match off based on the client information
- Has a good experience of handling different currency postings
- Has a strong knowledge of handling different currency postings
- Timely and accurately research and apply customer payments
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Cash Associate Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of cash associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for cash associate
- Accurately creating deductions in 3rd party system
- Train and mentor less experienced administrators
- Supervise daily activities, application, posting, adjustments
- Creation of Daily Cash Reports and research any discrepancies
- Assist with balancing workload of the administrators
- Assist with creation of yearly MBO’s
- Supervise any temp employees, quality of work, assignments, and timesheet approval
- Maintain files for auditors and responsible for requested information
- Maintain SOPs, work instructions and manuals, revising as needed
- Participate in the hiring of Administrators and Sr
Qualifications for cash associate
- Must be multi-task oriented and able to thrive in a fast paced work environment
- Some accounting or related experience preferred
- Candidate should have or be pursuing a Bachelor’s degree
- Command of Microsoft office and proficiency with various electronic tools and systems to fulfill daily responsibilities, including document management, transaction processing, and CRM
- Minimum 1 year experience with Cash Management Products or Banking preferred
- Basic Excel skills at a minimum, with intermediate level skills preferred (v-lookups, pivot tables, ..)