About City of Hope
City of Hope, an innovative biomedical research, treatment and educational institution with over 6000 employees, is dedicated to the prevention and cure of cancer and other life-threatening diseases and guided by a compassionate, patient-centered philosophy.
Founded in 1913 and headquartered in Duarte, California, City of Hope is a remarkable non-profit institution, where compassion and advanced care go hand-in-hand with excellence in clinical and scientific research. City of Hope is a National Cancer Institute designated Comprehensive Cancer Center and a founding member of the National Comprehensive Cancer Network, an alliance of the nation's leading cancer centers that develops and institutes standards of care for cancer treatment.
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Position Summary:
A key member of the Treasury & Financial Strategy team, the Cash Management Analyst provides analytical support, monitoring and reporting of all cash management activities. The Cash Management Analyst is ensures cash processing, reconciliation and reporting functions are completed in a timely manner while in compliance with City of Hope policies. Specific responsibilities include but are not limited to funding, cash positioning and cash forecasting across multiple legal entities; monitoring of bank accounts to ensure efficient cash movement without overdrafts, and maintaining relationships with banks and financial institutions. This position is also responsible for providing the highest level of service to internal stakeholders and customers to meet cash management and banking services needs.
The Cash Management Analyst will work closely with other members of the Treasury team, as well as other departments, including but not limited to Corporate Accounting & Operations, Philanthropy and Planned Giving.
Key Responsibilities include:
- Administer all financial accounts including updating account resolutions and signatories, opening and closing of accounts, daily balance reconciliation, bank account analysis, cash management reporting and daily cash reconciliation. Maintain rapport with and represent the organization in its relations with banks and financial institutions, primarily in day-to-day matters such as daily problem resolution.
- Assist Manager, Cash & Investment Operations in evaluation of new banking products and services as needed, working collaboratively with the Corporate Accounting team (including GL, AP and AR).
- Analyze the organization's cash position on a daily basis. Monitor cash flow to ensure established operating liquidity targets are met. Provide short-term cash flow forecasts for the purposes of managing cash and liquidity. Process wires and account transfer transactions for all City of Hope bank accounts. Execute all approved investment transactions and facilitate fund transfers.
- Serve as business subject matter expert (SME) for PeopleSoft Cash Management, Banking & Financial Gateway Modules, including bank reconciliations, cash position reporting, cash settlements and sweeps, , and reporting. Work in collaboration with Accounting organization to ensure completion of tasks and resolution of issues, including but not limited to month-end close responsibilities.
- Respond to internal clients' request for merchant accounts, and processing new account applications. Act as liaison between all City of Hope departments and affiliated organizations that process credit card transactions and the merchant banks. Maintain a Master List of merchant accounts. Reviews monthly merchant statements with an eye towards reducing costs and prepare merchant credit cards volume reports.
- Update standard operating procedures and business process documentation for cash management function.
- Maintain records for bank accounts and related activities to ensure proper records are maintained for internal and external audit purposes.
- Provide training to staff who serves as "back-up" for cash management function.
- Serve as back up for processing stock donations, including transfer and liquidation of stock, maintenance of brokerage accounts and relationships, and reporting and communication with donors.
- Provide assistance to Manager, Cash & Investment Operations in various special projects .
- Additional projects as required by VP, Treasury & Financial Strategy.
- Follows established City of Hope and department policies, procedures, objectives, performance improvement, attendance, safety, environmental, and infection control guidelines, including adherence to the workplace Code of Conduct and Compliance Plan. Practices a high level of integrity and honesty in maintaining confidentiality.
- Performs other related duties as assigned or requested.
- Bachelor's degree in business administration, finance, accounting, healthcare administration or related field.
- Minimum 3 years of work experience in a corporate cash management or retail banking environment.
Additional Information:
- To protect the health of patients and staff and to comply with new State of California mandates, City of Hope staff are required to show proof of full vaccination by September 30, 2021. Compliance is a condition of employment.
City of Hope is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, or status as a qualified individual with disability.
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- Posting Date: Nov 15, 2021
- Job Field: Business Services
- Employee Status: Regular
- Shift: Day Job