Cash Management Associate Job Description

Cash Management Associate Job Description

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Cash management associate provides timely, accurate and efficient service delivery in support of general accounting and administrative services in accordance with appropriate principles and standards.

Cash Management Associate Duties & Responsibilities

To write an effective cash management associate job description, begin by listing detailed duties, responsibilities and expectations. We have included cash management associate job description templates that you can modify and use.

Sample responsibilities for this position include:

Perform day-to-day cash disbursement functions according to Firm standards
Maintain close communication with agent banks and business units to ensure smooth payment execution
Handle cash disbursement enquires and internal investigation
Providing Funding Support to Treasury across all product lines including Fixed Income, Money Market, Derivative, Structured Product, Broker dealer, Loans and other trading groups
Validating projected balances and confirming real time positions including intraday liquidity
Analyzing cash positions, general ledger and balance sheets of trader's portfolios to ensure appropriate funding
Ensuring correct cost of carry allocation applied to respective business lines
Communicating with various departments of the bank regarding positions, specific transactions and related cash movements
Interfacing with multiple front office areas regarding daily cash requirements and balances
Providing assistance to traders regarding late trades/position management for all in scope currencies, supporting the Global FX initiative

Cash Management Associate Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Cash Management Associate

List any licenses or certifications required by the position: AAP, CTP

Education for Cash Management Associate

Typically a job would require a certain level of education.

Employers hiring for the cash management associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Business, Finance, Accounting, Management, Business/Administration, MBA, Economics, Education, General Education, Marketing

Skills for Cash Management Associate

Desired skills for cash management associate include:

Accounting principles
Internet
Microsoft Office
PC for Windows
SAP software
Comply with Bank and Industry Codes of Conduct
Accounting
Accounting principles and transactions
Administration by attending educational workshops
ERP platforms

Desired experience for cash management associate includes:

Supports Asia Treasury Funding Desk by verifying the completeness and accuracy of forward balance projections
Identifies operational errors that have resulted (or could have resulted) in inefficient funding
Identifies potential process and system improvements and raise to managers
Produce reports for cash liquidity analysis purpose, control purpose for metric reporting purpose
Validating dividend announcements
Monitoring associated work queues and announcement lists to insure completion of all open announcements

Cash Management Associate Examples

1

Cash Management Associate Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of cash management 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 management associate
  • Monitor and validate multi-currency payments, journals and security movements in accordance with the departmental policies and procedures
  • Ensure adherence to the authentication & firmwide payments & receipts policy while performing daily functions
  • Work closely with Prime Brokerage reps and other teams within Operations to manage exception-based processing and queries
  • Developing a detailed understanding of all activity within the CCM organization and contribute to the development of methods to improve processes or increase control
  • As a team, identify ways to reduce risk through process re-engineering, automation and levering best practices
  • Proactively identify solutions to challenging daily issues and support strategic initiatives
  • Supporting CCMS Manager
  • Management of cashbooks 40 entities, 34 currencies
  • Management and processing of administration payments
  • Processing of client entities receipts
Qualifications for cash management associate
  • Performing bank account reconciliations
  • Preparing data for periodic reporting
  • Open and closing client entity bank accounts
  • Banking and liquidity query management and resolution
  • Documentation maintenance - Mandates
  • Performing monthly metrics reporting
2

Cash Management Associate Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of cash management associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for cash management associate
  • Regulatory report data inputs and support for such inputs
  • Partnering with India and West Conshohocken teams
  • Assists in training new associates
  • Resolve inquiries from internal OTC teams
  • Generate reports for OTC leadership team
  • Cover across markets and for BO Service monitoring associate and may support FO cover as directed by BGS OTC Lead
  • Work on special projects and continuous improvement initiatives
  • Manage vendor relationshipsand provide solutions for new/existing cash management products, enhancements, and conversions
  • Provide support to cash management customer service
  • Follow up on established time frames and project plans to meet deadlines
Qualifications for cash management associate
  • Willingness to work on China public holidays
  • Degree qualification or equivalent relevant on-the-job experience within wholesale financial services
  • Clear understanding of the cash management business, working capital, client treasuries and influences in each
  • Familiarity with the various work flows of a transaction
  • Insolvency experience is desirable but not essential
  • Computer literate including Word and intermediate Excel
3

Cash Management Associate Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of cash management associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for cash management associate
  • Working with internal partners (Sales, Product Strategy, Portfolio Management) to position new and existing cash products and strategies, generate new strategic content and client educational materials maintain regular portfolio update materials
  • Set up business clients for cash management products and services
  • Manage banking relationships and bank account opening and maintenance
  • Process wire activity for payments and receipts
  • Monitor and maintain appropriate cash balances across the firm’s bank accounts
  • Perform bank account reconciliation and ensure bank accounts are adequately funded with foreign currency
  • Execute short-dated currency swaps
  • Perform liquidity reserve maintenance, investment and reporting
  • Invest the firm’s liquidity reserve in money market investments, Treasuries, or cash
  • Perform daily reporting and reconciliation of liquidity reserve, working capital, and total capital
Qualifications for cash management associate
  • Knowledge of SDLC for waterfall and agile methodologies (business role vs
  • Successfully works independently in a team setting
  • Support activity to increase sales revenue by adding new clients and increasing the penetration rate of cash management products and services
  • Oversee a system to track the prospect pipeline, with ongoing management reporting, monitoring, measurement and follow up
  • Co-ordinate the calling efforts of TDS Cash Management RMs in Toronto, Vancouver, Calgary, Montreal and London to maximize sales opportunities
  • Attend client pitches with Cash Management RMs and other TDS calling officers
4

Cash Management Associate Job Description

Job Description Example
Our growing company is looking to fill the role of cash management 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 management associate
  • Apply payments and perform reconciliation of balances against customer accounts
  • Manage lock box cash receipts
  • Follow up on cancelled checks and post cash and wires received
  • Enter approved credits and write offs
  • Document short pay for credit department
  • Obtain various remittance advices from customers via websites / EDI / email / bank
  • Create daily cash sale deposits, manual deposits and apply customer payments to the appropriate accounts
  • Apply payments to outstanding accounts receivable
  • Retrieve, review and import lockbox files
  • Monitor NSF (Non-Sufficient Funds) checks
Qualifications for cash management associate
  • Travel to meet clients
  • Motivated to achieve sales results and deliver strong contribution to profit
  • You will be responsible for designing and developing greenfield solutions developing enhancement of existing components
  • In addition you will get the opportunity to liaise directly with end users through the development and testing phases, show casing your work in the end of sprint demos
  • Exposure within an institution that has dealings with branches/affiliates outside of Hong Kong would be preferable
  • Exposure to Corporate Actions Cash Management would be highly desirable
5

Cash Management Associate Job Description

Job Description Example
Our growing company is looking to fill the role of cash management associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for cash management associate
  • Review and complete FI non-material documents
  • Retrieve, reconcile and maintain information to support daily processed customer credit card transactions
  • Open daily mail, determine business task needed and process accordingly
  • Support the monthly financial statement activities, reclassify postings as needed, and reconcile selected general ledger accounts
  • Handle phone calls received in the department
  • Provide back up for other positions, as needed
  • May be responsible for training new staff
  • Support Global Treasury teams in the process of predicting and funding the banks cash positions across Asia and EMEA
  • The individual will also contribute to or be responsible for the management of projects
  • Application/Data Integration Support.Manage issues that arise for financial institution customers in a complex, transaction-based application environment
Qualifications for cash management associate
  • Exposure to CCASS, Euroclear and regional bank custodians
  • Minimum of eight years proven and progressive corporate banking experience, concentrating in global cash management products or equivalent
  • Business Acumen – Ability to follow detailed processes and complete tasks
  • Judgment and Professionalism – Ability to make sound decisions that consider and balance the needs of the customer and the bank
  • Guardianship is an essential part of this role
  • This role requires extensive interaction with internal and external clients along with global counterparts, Business Units and other areas/teams within Firm / Treasury

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