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Description/Job Summary

The Cash Management Administrator is responsible for the performance of the Association's Cash Management functions, providing operational support to regional offices and AgriBank, and other Accounting and Finance duties as required.

This is a temporary position with an intended length of 12-18 months.

Responsibilities/Duties

Electronic Fund Transfers

• Performs the set up and/or processing of wires and ACH's

• Complies with association required policies and procedures for fraud prevention by:

• Ensuring proper bank account authorization

• Obtaining proper approval for outgoing wires and ACH disbursements

• Verifies funds are available for disbursement

• Performs routine cash settlement entries with external third-party loans

• Reviews transactions completed by other cash management team members

Other Cash Management Functions

• Manages a daily work queue of incoming requests to ensure timely and controlled cash processing

• Supports check ordering and processing for internal customers

• Performs daily reconciliation of receipts and disbursements with regional offices

• Processes daily credit line draft and ACH exceptions in accordance with internal controls

• Processes lockbox exceptions

• Performs stop pay requests on credit line drafts and/or disbursement checks as necessary

• Maintains knowledge of the loan accounting system, association practices and procedures and cash management protocols to provide support to internal and external customers

• Participates in training regarding the cash management functions and related procedures

Other Finance and Accounting Functions

• Following standard procedures, reconciles assigned general ledger accounts, identifying the source of any imbalance

• Executes ICFR controls and audit remediations related to cash management activities

• Participates in ad-hoc projects such as system implementations and financial reporting requests as directed

Receipts and Deposits

• Reconciles and records incoming checks and prepares weekly deposits with remote deposit check scanner

• Executes accounting entries to process the transaction

Required Skills

• Working knowledge of Word/Excel/PowerPoint/Outlook sufficient to create, update and save a variety of documents

• General knowledge of Generally Accepted Accounting Principles (GAAP)

• General knowledge of accounting principles, practices and methods

• General knowledge of Farm Credit Administration (FCA) regulations

• Skill in applying processes and procedures to factual data to make a logical decision

• Skill in processing detailed forms and documents in an accurate and thorough manner

• Skill in quickly and accurately keying data

• Skill in gathering, compiling, and organizing information

• Skill in working as part of a team and collaborating with colleagues

• Oral and written communication skills, sufficient to exchange information effectively with peers, supervisor, and customers

• Ability to work effectively in a team environment and effectively demonstrate team development attitude and skills

Required Qualifications

Associate's degree in accounting, business or a related field; Or equivalent combination of education, experience, and skillset sufficient to perform the essential functions of the job.