Cash Management Analyst

Overview

Calculates the daily investable cash position for 20+ companies/portfolios. Analyzes and interpretes various data feeds, reconciling previous day bank activity against projections and making decisions regarding the ultimate investment potential of the cash flows. Protects corporate assets through the use of strong monetary controls, financial judgment skills, an understanding of accounting principles and reconcilement. Maximizes the investment return for Western & Southern Financial Group.

Maintains strong relationships with bank representatives, Fort Washington Investment Advisors (FWIA) Portfolio Managers, System Managers and FWIA and Controller (Investment Records & Accounting [IR&A] and Accounting Operations) support staff Provides consulting, analysis, report generation and assistance to the Treasurer, Assistant Treasurer, Cash Manager, subsidiaries and various departments within the enterprise. Works with minimal supervision and is responsible for making an established range of decisions, escalating to manager on a regular basis.

• Analyzes cash flows to determine the current day cash position of assigned companies in the enterprise. Communicates cash position information for assigned life insurance companies to FWIA within a very restricted timeframe. For non-life (Eagle and IFS) companies, assesses daily cash positions and determines whether to invest excess cash in money market accounts or redeem from those accounts to cover cash deficits.
  
  Accuracy of the calculations and interpretation of the data will have a critical impact on the enterprise bottom line resulting in a positive or negative total investment return. This responsibility encompasses:
  Using knowledge of bank products and services to control the disbursement of corporate assets as well as to alert Treasury and FWIA of aberrations in daily financial settlements.
• Utilizing a Treasury workstation for collecting financial data on each company/portfolio. Quickly manipulating online bank applications to gather current bank balances. Extracting cash-flow information from numerous Western & Southern Financial Group systems (PAM, EAS, EFT, PLM and ACE systems) and compiling comprehensive investment positions within a very restricted timeframe each morning. Ascertaining the impact of late-day cash or problem trade settlements and applying strong decision-making skills in implementing a course of action.
• Coordinating the transfer of funds for various subsidiaries within the enterprise.
• Verifying short-term trades utilizing online bank applications and communicating the status of pending trades to FWIA.
• Verifying the accuracy of investment positions held in the money market funds and reporting any discrepancies to FWIA and IR&A.
• Evaluating the enterprise bank balances daily, analyzing reported transactions to determine which operating areas are impacted and determining if unauthorized debits were processed in the accounts. Determining if ACH or wire transactions are suspicious and contacting bank representative within a short timeframe to reverse such transactions. Notifying appropriate areas of incoming funds transfers and preparing appropriate accounting entries where required. Assessing how effectively funds transfer data is communicated to business units and recommending ways to automate and streamline such communication.
• Utilizing knowledge of district office collection processing and banks' ZBA processing to detect and control missing or extraneous deposits.
• Provides consulting services to Corporate Accounting, IR&A and Information Systems to reconcile out-of-balances and intercompany fund transfers. These situations require extensive hours to research and resolve, so an understanding…