Cash Analyst

About the role

The Cash Analyst is responsible for executing, monitoring, and reconciling daily cash activities to ensure the accurate and timely movement of funds and proper recording of transactions. This role supports operational integrity by managing cash disbursements and receipts, performing reconciliations, processing payments, and ensuring compliance with internal controls and regulatory requirements. Working closely with internal business partners and external entities, the Cash Analyst helps ensure that all cash-related activities are processed accurately, documented appropriately, and completed within established deadlines.

Responsibilities

• Execute cash movement transactions, including wires, ACH, and EFT payments, with accuracy and timeliness.
• Execute payment cycles within the accounting system, including ACH, wire, journal, and check payments.
• Generate checks in the accounting system and prepare payments for mailing and internal distribution as directed.
• Ensure timely and accurate deposit of checks received. Confirmation and reconciliation of deposits processed.
• Transfer security positions held in brokerage accounts between internal accounts or to external accounts.
• Perform tax basis adjustments, including capitalization of expenses and updates to ownership or valuation data.
• Maintain a strong understanding of all cash disbursement procedures and controls.
• Perform daily, weekly, and monthly cash and bank reconciliations, including retrieval and reconciliation of bank statements which may include manual entries in the accounting system.
• Investigate and resolve reconciliation differences in a timely manner, including preparation of general ledger entries when required.
• Ensure adherence to internal policies, procedures, and external regulatory requirements, including BSA/AML and OFAC.
• Assist internal business partners with invoice processing by validating payment setup data elements prior to processing.
• Develop and maintain a high level of expertise in operational systems and cash processing workflows.
• Bank account opening and maintenance including account closure. Perform quarterly reviews to ensure characteristic accuracy.
• Provide transactional documentation to support internal controls, financial audits, and compliance reviews.
• Prepare quarterly metrics reporting.
• Develop a strong understanding of all systems, tasks, and processing.
• Ensure all tasks are completed and reviewed accurately and within the deadlines.
• Participate in cross-training to ensure adequate team coverage.
• Manage information flow between various external and internal entities to ensure timely responses to inquires/requests.
• Provide transactional documentation to support the controls and financial audits.
• Assist in the testing of application upgrades and new application implementation.
• Participate in the development of and contribute to the successful completion of departmental goals.

Qualifications

• Bachelor's Degree or equivalent
• Banking knowledge / experience desired but not required
• Financial services middle/back-office experience is a plus.
• Strong knowledge and use of Excel; able to create spreadsheets; use of formulas.
• Excellent written and oral communication skills
• Ability to interact effectively with all organization levels.
• Advanced analytical and problem‑solving skills
• High attention to detail and data integrity
• Excellent interpersonal, written, and verbal communication skills with the ability to interact effectively with all levels of the organization.
• Able to work effectively in a fast-paced, risk-intensive environment.
• Effective time management skills.

This response is AI-generated, for reference only.