Job Information
New Jersey Institute of Technology Treasury Manager in Newark, New Jersey
Title:
Treasury Manager
Department:
AVP Accounting & Treasury Mgmt
Reports To:
Associate Vice President for Finance and Treasury Management
Position Type:
Staff
Position Summary:
Reporting to the Associate Vice President for Finance and Treasury Management, the Treasury Manager will manage and perform Treasury functions including banking relationships, cash forecasting, cash and investment management. The Treasury Manager will establish a close working relationship with General Accounting to ensure all Treasury transactions are recorded timely and accurately.
Essential Functions:
Manages the institution's banking relationships and serves as the main point of contact to resolve issues, administer policies, and implement bank processes.
Assist senior management with banking issues, policies, planning and development.
Creates, maintains, and analyzes monthly Treasury cash and investment reports for submission to the university’s senior leadership and the Board of Trustees.
Develops and monitors daily and monthly cash forecasts and prepares and/or approves journal entries for any required adjustments.
Reviews and interprets applicable federal and/or state laws and regulations in the course of official duties.
Ensures strong internal controls throughout the Treasury Department including banking access security.
Ensures proper recording and controls over all systems that accept and record incoming payments.
Participates in the transition to the university’s new ERP by acting as a lead point of contact for Treasury business process improvements and system design and implementation.
Monitors income and loss activity on university short- to long-term investments.
Manages monthly reconciliation and reporting of accounts receivable and revenue accounts to the general ledger to ensure proper recording of wires, checks, credit cards, BAI, lockbox, returns and chargebacks.
Monitors and prepares monthly deposit transactions and unrecorded revenue reports for bank reconciliation.
Manages petty cash accounts.
Manages accounts receivable fiscal year-end close and work with external auditors, providing necessary documentation and reports in support of the year-end audit.
Participates in professional associations and professional development opportunities to stay informed of new topics in the Treasury field.
Performs other related duties as assigned or requested.
Prerequisite Qualifications:
Bachelor's degree in Finance or Accounting. Related work history/experience may be substituted if/when applicable. Master's degree, CTP, CFA, or CPA preferred.
Minimum of ten years' experience in a position of increasing responsibility related to Treasury and cash management operations.
Working knowledge of enterprise systems and Microsoft Office products (Excel, Word, and PowerPoint).
Experience with banking and transactional reporting and relationships.
At the university's discretion, the education and experience prerequisites may be exempted where the candidate can demonstrate to the satisfaction of the university, an equivalent combination of education and experience specifically preparing the candidate for success in the position.
Bargaining Unit:
PSA
Range/Band:
27
FLSA:
Exempt
Full-Time
