Cash Management Analyst

Posting Date:  Mar 26, 2024
Location: 

Louisville, KY, US, 40299

Farm Credit Mid-America is a financial services cooperative serving financial needs of farmers and rural residents in Arkansas, Indiana, Kentucky, Missouri, Ohio, and Tennessee. Our purpose is to secure the future of rural communities and agriculture. We are passionate about serving the needs of our rural communities and creating positive customer experiences.

 

Farm Credit Mid-America is a great place to work! We have been named as a Best Places to Work in Kentucky for the past 11 years. At Farm Credit Mid-America we put our customers and team members at the heart of all we do.  

 

SCHEDULE:  Full Time 
TRAVEL REQUIRED:  0% - 25% 


COMPENSATION: $63,595.00 to $134,417.00  base salary plus potential for variable compensation. Base pay is determined by your skills, qualifications, experience, and location. Farm Credit Mid-America/Rural 1st may compensate outside of the salary range for bona fide reasons not related to membership in a protected class.

About Our Opportunity

On an individual rotation basis or part of a team effort, provides cash management support to retail offices, customers and AgriBank. This position is expected to resolve a wide variety of accounting, accounting system, and treasury management issues. Organize and prioritize work to meet processing deadlines. This position is also responsible for training other staff (central and retail office) and monitoring their work quality. 
 

How You Will Spend Your Time

  • Provide quality service and support to Farm Credit Mid-America staff, customers, AgriBank staff, and outside vendors by answering questions, researching problems, and providing solutions from multiple sources including email, multi-line phone queue, and internal software systems. 
  • Execute domestic and international daily cash management and banking duties, including cash movements (wire transfer, ACH, etc...), cash posting, payment issue resolution and banking platform management. 
  • Identify new banking innovations and emerging technologies that can be leveraged to drive process standardization, increase efficiency, reduce costs, and improve controls. 
  • Process/approve remittances and other transactions to identify fees payable to the Association, State specific programs, and other third-party partners while also validating the external transactions generated by teammates. 
  • Prepare and submit accounting entries involving complex calculations and transactions. 
  • Enforce association fraud prevention and compliance by processing and obtaining approval for outgoing wires, ACH disbursement setups, fraud analyst review, and internal/external fraud review. 
  • Analyze association-rejected transactions in relation to fraud monitoring protocols and accounting guidelines. Monitor, document, and report changes that could impact financials. 
  • Partner across organizations and cross-functional teams to implement strategic and operational improvements to support business growth, enhance internal controls and efficiencies. 
  • Gather and maintain cash management product usage and statistical data as needed for management and board reporting purposes. Participate in assessing portfolio reporting needs, enhancing and designing applicable reports, and ongoing involvement in portfolio reporting. Analyze results, perform what-if analysis, and propose strategies to support Association objectives. 
  • Acquire and maintain expertise in accounting systems, association practices and procedures, GAAP/ASC guidelines, and cash management products and protocols to provide technical support to Farm Credit Mid-America staff and internal/external bank staff, while maintaining the integrity and control processes surrounding treasury and cash management functions.
  • Create reports and data monitoring tools via the Data Warehouse or other data retrieval options to maintain the integrity of the accounting system and related applications.  Maintaining data integrity by performing database testing and validation in support of department and/or Association projects as needed. 
  • Participates actively in and/or facilitates team meetings to identify issues for discussion and training.
  • Represents Financial Operations on cross-functional departmental, District, Association and System team projects.
  • Support and facilitate the training and mentoring of new team members. 
  • Monitoring and reviewing team processes and manuals for accuracy and facilitates the updates for changes in process and/or accounting practices. 
  • Shows significant experience and expertise in the major responsibilities above. 

Minimum Education & Experience

Bachelor’s degree in accounting, finance, or business plus two or more years of progressively responsible and related experience. Strong Excel, Access, PowerPoint, and Word skills. Experience in the financial services industry preferred.
 

 

Mental & Physical Requirements

  • Engage in telephone and face-to-face conversation to serve internal customers and give and receive information from staff, vendors, outside consultants and the public. 
  • Use a computer and similar office technology and tools.  
  • This involves reading the screen and keying/typing information. 
  • Speak and make presentations to individuals or groups on technical subjects related to job. 
  • Travel via auto or commercial transportation to carry out essential responsibilities of the job. 
  • Successfully interact with and represent the organization to staff, officers, board members, customers, vendors, and/or the public at all levels. 
  • Provide sound technical advice to leaders and other staff in the subject field(s) related to this position. 
  • Understand and explain various subject matter and consulting concepts, programs, terminology, and methods.
  • Reason, judge, compare, calculate, evaluate, decide, and critique such information as written material, numerical data, responses to customer needs, and/or other related work activities. 

Farm Credit Mid-America provides a competitive total rewards package to our team members. This includes an award winning 401(k) Plan. Our Health and Financial wellness benefits provide safety, security and peace of mind for you and your family.  Here is a highlight of our Total Rewards and Benefits.

 

Farm Credit Mid-America is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability or any other category protected by law.

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Nearest Major Market: Louisville