At Freddie Mac, you will do important work to build a better housing finance system and you'll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.
Position Overview:
If you are a detail-oriented individual with basic accounting skills, functional understanding of cash management, and can work within defined timeframes you may be a good fit for the Multifamily Cash Management team. Our opening for a Cash Management Professional is to find the ideal candidate who enjoys working on a small team with a large impact to the Multifamily mission "To keep rental housing available across the country by providing liquidity, stability, and affordability to the market, all while delivering positive returns to our stakeholders."
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Our Impact:
Multifamily Cash Management team is responsible for ensuring all Multifamily activities (incoming and outgoing) are processed in a secure environment with completeness and accuracy. Additionally, provide insight to management regarding the division's cash position through Cash Flow Forecasting.
Your Work Falls into Three Primary Categories:
Operations & Technology:
- Perform daily banking and cash reporting for Multifamily, including ACH management, wire transfers, and ensure all negative positions are resolved according to departmental and corporate policies.
- Complete bank reconciliations.
- Partner with Accounts Payable to ensure appropriate processing of Multifamily expense payment transactions.
- Track cash movement activities through in-house proprietary systems and external cash management banking applications.
- Process payments for receivables and payables.
- Assist with all counter-party reviews and validations as precursor to wire instruction setups and maintenance.
Business Analysis:
- Assist with maintaining the Multifamily Cash Management team's policies and procedures.
- Participate in departmental audits.
- Provide monthly management metrics.
- Assist with cash flow forecasting of Multifamily's transactional data.
Customer Service/Support:
- Serve as a departmental day-to-day contact for stakeholders in Corporate Treasury, external banking and other parts of the Multifamily Division.
Your Impact:
In this role, you will be an integral part of Multifamily Operations through the following tasks and responsibilities:
- Perform daily banking and cash reporting for Multifamily, including ACH management, wire transfers, and ensure all negative positions are resolved according to departmental and corporate policies.
- Complete daily bank reconciliations. Partner with Accounts Payable to ensure appropriate processing of Multifamily expense payment transactions.
- Track cash movement activities through in-house proprietary systems and external cash management banking applications.
- Process payments for receivables and payables.
- Set up counterparty delivery instructions. Assist with all counterparty reviews and validations as precursor to wire instruction setups and maintenance.
- Assist with maintaining the Multifamily Cash Management team's policies and procedures.
- Participate in departmental audits.
- Provide monthly management metrics. Assist with cash flow forecasting of Multifamily's transactional data. Serve as a departmental day-to-day contact for stakeholders in Corporate Treasury, external banking, and other parts of the Multifamily Division.
Qualifications:
- Bachelor's degree in a related field such as Finance, Accounting or Business, or equivalent experience.
- Equivalent experience: 3 or more years of comparable work in cash management, banking operations, accounting, or accounts receivable
Current Freddie Mac employees please apply through the internal career site.
Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.
We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Non-Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $73,000 - $109,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.