Cash Specialist; SDA & Waterfall Transactions

Position: Cash Specialist (SDA & Waterfall Transactions)
Description

Seeking a meticulous professional to manage Special Deposit Accounts (SDA). Responsibilities include daily/weekly monitoring and reconciliation of SDA balances, processing deposits/withdrawals/transfers, maintaining audit-ready documentation, and resolving discrepancies. You will execute waterfall payment calculations, allocate funds based on agreements, validate system outputs, and prepare reports for stakeholders. Additional tasks involve timely cash application, bank and ledger reconciliations, strong internal controls, compliance reporting, and audit support.

SDA (Special Deposit Account) Management

+ Monitor and reconcile SDA balances on a daily/weekly basis

+ Process deposits, withdrawals, and transfers in accordance with agreements

+ Ensure proper documentation and audit support for all SDA activity

+ Investigate and resolve discrepancies in a timely manner

+ Coordinate with internal accounting and treasury teams on cash positioning

Waterfall Transaction Processing

+ Execute and monitor waterfall payment calculations and distributions

+ Allocate funds based on contractual priority structures

+ Validate calculations against agreements and system outputs

+ Prepare supporting schedules and reports for stakeholders

+ Identify and escalate discrepancies or compliance concerns

Cash Application & Reconciliation

+ Apply incoming payments accurately and timely

+ Perform bank reconciliations and general ledger account reconciliations

+ Research and resolve unapplied or misapplied cash

+ Maintain strong internal controls around cash handling

Reporting & Compliance

+ Prepare periodic cash activity reports

+ Ensure adherence to company policies and financial controls

+ Support internal and external audits

+ Maintain organized records for regulatory and audit review

Requirements

Qualifications

Education & Experience

+ Associate or Bachelor's degree in Accounting, Finance, or related field preferred

+ 2+ years of experience in cash management, treasury operations, or accounting

+

Experience with structured finance, SDA accounts, or waterfall payment models preferred

Skills & Competencies

+ Strong attention to detail and analytical skills

+ Advanced Excel skills (pivot tables, formulas, reconciliations)

+ Understanding of cash flow structures and contractual payment priorities

+ Ability to manage multiple deadlines in a fast-paced environment

+ Strong communication and problem-solving skills

Experience with ERP or treasury management systems preferred

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All applicants applying for U.S. job openings must be legally authorized to work in the United States. Benefits are available to contract/temporary professionals, including medical, vision, dental, and life and disability insurance. Hired contract/temporary professionals are also eligible to enroll in our company 401(k) plan. Visit  for more information.

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