Position Summary:

The Cash Management Specialist accurately and timely prepares reports on daily cash transactions made through Dead River Company accounts for use by senior management in making cash management decisions, and to ensure the integrity of monthly financial statements.

Essential Functions:

1. Reviews the previous day bank statement for transaction activity. Prepares journal entries to post banking transactions to the accounting general ledger.

2. Analyzes daily E3 cash activity for all markets for any errors/adjustments and makes necessary corrections. Loads activity into the accounting general ledger from the E3 Cash Recon Program.

3. Calculates and prepares the company’s daily cash position. Compiles activity from the previous day banking statement, current day banking statement, and payment requests throughout the company to determine forecasted cash position. Reconciles differences between forecasted and actual position. Communicates forecast to upper management.

4. Facilitates incoming and outgoing payments through ACH transactions, wires, and other payment methods. Processes monthly budget EFT file, confirms payment files, and performs other file maintenance.

5. Posts customer payments made through the company’s lockbox or online payment system for ACH and credit card payments. Researches and resolves any exceptions or discrepancies.

6. Prepares banking deposit for any miscellaneous cash and/or checks received at the corporate location. Utilizes remote deposit scanner to facilitate deposit.

7. Responds to questions from market locations regarding payment transactions, NSF’s, LIHEAP, etc.

8. Maintains and identifies sources of customer payments being returned for insufficient funds or incorrect banking information. Posts activity to customer’s accounts, and notifies market locations for customer resolution.

9. Posts quarterly bad debt write-offs, recoveries, and adjustments to customer accounts per the instructions from the Credit Team.

10. Prepares various bank account reconciliations as directed by the Manager of Treasury Services.

11. Reviews market cash over/shorts, researches any discrepancies, and communicates variances to upper management.

12. Researches outstanding accounts payable checks, and cancels as requested.

13. Cross trained with other treasury peers to perform all treasury functions.

14. Performs other treasury functions and/or special projects as assigned.

Other Tasks:

Performs other work-related duties as assigned.

Experience:

Minimum 2 years of experience working in a banking and/or transactional environment, accounting, or other related field.

Other Attributes Required:

• Fast and accurate data entry skills.

• Strong analytical skills and attention to detail.

• Basic research skills to investigate cash discrepancies.

• High mathematical aptitude.

• Commitment to maintaining computer systems for accounting control.

• Basic understanding of GAAP and accounting concepts.

• Excellent communication and interpersonal skills.

• Ability to manage multiple priorities and meet daily deadlines.

• Intermediate to advanced MSOffice skills, particularly Excel.

• Knowledge of GL accounting software such as Epicor.

Education:

Bachelor’s degree in Accounting, Business Administration or a related field or an equivalent combination of education and experience is required.

Certification and Testing:

None required.

Contacts:

There is frequent communication with Dead River Company staff and banking associates.

Decisions Made:

The Cash Management Specialist makes routine decisions related to performance of essential functions. Atypical issues are referred to the Manager of Treasury Services for guidance and resolution.

Safety Considerations:

Safety considerations relate to proper ergonomics in an office setting including appropriate work station and computer terminal setup. Safe and appropriate use of electronic equipment is expected.

Equipment Used:

Equipment used in this position includes a calculator, networked personal computer, printers, photocopiers, telephone and FAX machine.

Work Environment:

Work is performed in an office setting with controlled temperature and lighting. Infrequent travel is required.

Physical Requirements Analysis:

This position requires frequent sitting, standing and walking; visual acuity; frequent use of fingers to write, type and handle paperwork; frequent communication involving listening and speaking.

Weight or Force Moved:

There is occasional need to lift or move objects weighing more than 5 pounds such as computer reports and file boxes. Assistance is available for lifting heavier objects.