Senior Manager Cash Reconciliation

Senior Manager Cash Reconciliation Overview

Avalon Bay Communities, Inc., an equity REIT, has a long‑term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk‑adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.

Creating a better way to live is the purpose that binds Avalon Bay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make Avalon Bay a great place to work.

Avalon Bay is seeking a Senior Manager of Cash Reconciliation to lead a high‑performing team responsible for reconciling bank and escrow accounts across the organization. This is a strategic leadership role focused on ensuring accurate financial reporting, driving process improvements, and enhancing banking system architecture in collaboration with cross‑functional teams.

• Set strategic goals for the Cash Reconciliation team and align them with broader Financial Services objectives.
• Lead and develop a team of specialists through recruiting, training, coaching, and performance management.
• Oversee monthly reconciliations of bank, escrow, and petty cash accounts, ensuring resolution of discrepancies.
• Partner with Accounts Payable, Payment Services, and other departments to streamline workflows and improve system architecture.
• Manage the Cadency system including workflow setup, rule configuration, upgrades, and vendor relationships.
• Monitor cash activity, approve bank transfers, and ensure compliance with internal controls and GAAP.
• Drive process improvements and document procedures, policies, and controls.
• Support internal and external audits related to cash activity.
• Analyze corporate payroll accounts and prepare journal entries as needed.

• Associate’s Degree in Finance, Accounting, or related field (Bachelor’s preferred)
• 7+ years of relevant experience in cash reconciliation or financial services

• Proven leadership and team development experience
• Strong knowledge of GAAP and internal controls
• Proficiency in Cadency or similar reconciliation systems
• Advanced skills in Excel, Word, MRI, and Salesforce
• Excellent communication and cross‑functional collaboration skills
• Strong analytical, organizational, and time management abilities

• Completion of Cadency Certification Course

We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.

Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more.

Growth based on achievement and promotion from within.

Associate recognition (a company‑wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘Avalon Bay’s Very Best’ recognition program and others!).

A 20% discount on our incredible apartment homes.

A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.

Avalon Bay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated.

With this we know we can do great things.

Avalon Bay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.

For California residents, if you elect to apply to Avalon Bay you accept the Avalon Bay California Personnel Privacy Notice ().