Manages and monitors daily cash management transactions, reports cash operation activities and executes borrowing/investment transactions. Ensures liquidity and prepares cash flow projections. Additional responsibilities include assisting in the development of bank relationships, determination of short-term cash to be invested, and anticipation of short-term borrowing needs. Responsible for liquidity management, including in-house banking and providing payments factory support, as applicable. Detail-oriented, ability to work independently. Possess analytical, presentation, organization, and troubleshooting skills; good written and verbal communication skills.
Principal Responsibilities and Essential Duties:
Performs daily corporate cash management and forecasting activities
Monitors and manages company’s daily cash position; forecasts daily cash requirements; handles daily liquidity management; Determines daily cash balances available for investment
Manages, maintains and administers bank relationships and reports bank information or scorecards
Recommends and implements improvements to current cash management processes; performs transactions and resolves errors
Anticipates short-term borrowing needs and communicates them to proper personnel; conducts borrowing and investing activities; manages working capital; gathers, interprets, and prepares cash flow projections; ensures adequate liquidity; executes funds movement and investment transactions; appropriately invests excess cash balances and administers short-terms investments
Resolves foreign exchange (FX) currency issues in terms of settlement of delivery
Implements cash management systems and trains staff on those systems; posts and files cash receipts
Tracks and resolves pay exceptions; interfaces with accounting for bank general ledger upload, journal entry differences and general troubleshooting
Maintains all collections-related schedules for cash forecasting
Acts as an expert advisor on banking issues for the business units and other corporate functional areas
Ensures compliance with SOX controls, FBAR, FATCA, anti-money laundering regulations, and other rules governing cash transactions and banking, including international
Completes all responsibilities as outlined on annual Performance Plan.
Completes all special projects and other duties as assigned.
Must be able to perform duties with or without reasonable accommodation
Bachelor’s degree in finance or related field required; MBA preferred
Minimum 4 years of relevant experience in Corporate Finance and familiarity with Treasury Operations and Supervisory experience preferred
Experience with Treasury Workstations, CPA or CTP preferred
Experience based in accounting or financial analysis preferred
Solid understanding of financial analysis and statistics
Familiarity with cash/bank management systems, Treasury Management Systems (TMS)
Knowledge of MS Office including Excel and Word
Knowledge of appropriate accounting and financial software programs
Internal Number: CASHM02007
Cotiviti is a leading solutions and analytics company that is reshaping the economics of healthcare, helping its clients uncover new opportunities to unlock value. Cotiviti’s solutions are a critical foundation for healthcare payers in their mission to lower healthcare costs and improve quality through higher performing payment accuracy, quality improvement, risk adjustment, and network performance management programs. The company also supports the retail and life/legal industries with data management and recovery audit services that improve business outcomes. For more information, visit www.cotiviti.com.