Treasury Analyst I

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be as assigned.

Credit function responsibilities. These include but are not limited to the following.

• Processes daily payments made to accounts receivable including those received via EFT, lockbox, wire transfer, ACH or over the counter checks.
• Balances incoming payments to the daily cash receipts report and confirms that all cash received was posted to the appropriate account. Generates cash transaction reports daily and at month-end to document payment applications.
• Generates daily accounts receivable aging reports to track the status of all customer accounts regarding outstanding balances and past due invoices.
• Utilizes the accounts receivable aging report, reviews the status of customer accounts daily looking for potential problems that may exist with skipped invoices or credits and rebills that may impact the account delinquency. Responsible for discussing with the marketing and invoicing departments any issues that are discovered to correct potential errors prior to contacting the customer. Interacts with applicable departments on the status of any problems and the communication with the customer.
• Contacts customers as needed regarding problems that may be related to their past due account. Research customer invoicing or pricing questions and refers them to the appropriate department within the company.
• Meets with the Credit Analyst to discuss the status of past due accounts to determine the best course of action to minimize delinquencies.
• Contacts bulk sale customers to confirm timely payment of large invoices. Communicates the status to the Credit Analyst, Treasurer and Cash Manager. Promptly discusses customer concerns with the appropriate marketing or invoicing area to prevent any delays in scheduled payment.
• Reviews and updates the credit evaluation spreadsheet in SharePoint to determine the status of each customer's credit file. Contact each customer as needed to request updated financial information and any other necessary data that is required to complete a credit evaluation.
• Accesses Business Credit Reports to print out current comprehensive report for customer files. Updates required trade references for each customer to be included in the credit review.
• Inputs current financial information into the customer's financial worksheet while analyzing the data in conjunction with the target ratios and comparisons to industry guidelines. Prepares comments concerning the credit worthiness of the customer based on the financial analysis and utilizing the information gathered in the review. Makes recommendations to the Credit Analyst in review of approved credit lines or the application for credit by new customers.
• Assists Credit Analyst in maintaining each customer's outstanding balance within the established credit line guidelines by reviewing Allegro reports and comparing account balances with the current credit evaluation spreadsheet.

Cash Management function responsibilities. These include but are not limited to the following.

• Inputs domestic and international wire transfers along with ACH transmissions into the banking system, verifying accuracy while utilizing the appropriate documentation.
• Generates a daily EFT/ACH transaction and responsible for the transmission file for customer notification through DTN. This includes monthly deferred tax EFTs.
• Writes A/P checks and releases the revenue payment and positive pay files as needed.
• Deposits all miscellaneous checks via remote desktop deposit.
• Maintains and processes requests made through the Vendor database. This includes vendor verification, address change requests, and placing stop payments. Assists Cash Manager in resolving outstanding items on the stale date list.
• Processes EFT authorizations from the Royalty Analyst following internal controls.
• Receive returned revenue checks, copy and forward to Royalty Analyst. Assists with placing stop payments on revenue checks and re-mailing returned checks as needed.
• Assists the Cash Manager in the cash forecasting function to manage daily cash needs.
• Assists Treasury on an as-needed basis in performing basic cash related functions in the absence of Cash Manager.

EDUCATION AND EXPERIENCE

Bachelor's degree in Accounting, Finance or related field of study or equivalent work experience are required. Applicant must have an understanding of the cash application process along with fundamental accounting skills or training. Required to possess advanced MS Excel and PowerPoint skills. This position requires someone who is a self-starter and has the ability to prioritize workload while functioning independently with minimal supervision. Applicant should be proficient in oral and written communication with good interpersonal skills, effectively interacting with individuals or groups while working well in a team-oriented atmosphere.

CERTIFICATES, LICENSES, REGISTRATIONS

Must have a valid driver license.