Cincinnati Bell Treasury Specialist in Cincinnati, Ohio
Position : Treasury Specialist
Location : Cincinnati, OH
Reporting to the Treasury Senior Manager, the Treasury Specialist is responsible for the completion of the daily Corporate cash operations in conjunction with the Treasury Co-op. This is accomplished by the use of treasury software, with the express intent of full utilization of FIS's Integrity Platform. Duties include cash movements, credit facility borrowings and pay downs, and borrowing renewals to meet cash requirements of the Company. Maintains internal and external relationships as part of the overall treasury operations function. Prepares Treasury-related reports as required by management. Position involves the creation and/or handling of confidential financial information.
Perform daily reconciliation of bank accounts to ensure that there is no fraudulent activity
Coordinate with other departments in the organization to ensure wires and ACHs are transmitted accurately and on time
Execute transactions, when directed, to minimize interest expense, maximize liquidity, but maintain flexibility --- at all times using a high standard of prudence, and with great attention to accuracy
Prepare Treasury related reports as requested by management including daily tracking of cash flow
Gather and maintain treasury department files and documentation, for both cash procedures and bank account information; update and revise SOPs for daily cash process as improvements are made
Responsible for managing bank accounts, account maintenance, opening/closing accounts, and interacting with Bank representatives to ensure all banking transactions and bank accounts are functioning properly and to research any issues
Responsible for reviewing account analyses and bank statements to ensure the Company is minimizing its bank fees and for discontinuing unused services; attends periodic bank reviews, contributing to dialogue that improves service level, value received for service dollars spent, or outright reduction of fees
Coordinate with Accounts Payable to automate Treasury payments out of the AP system and to move vendors from paper check to ACH
Manage payment of all treasury departmental expenses, i.e. lease payments, rating agency invoices, legal invoices, pension invoices, etc.
Maintain monthly Pension reporting and analysis
Maintain relationships with leasing banks and act as point of contact for CBB leasing program
Assist Accounting in Monthly Close process
Other duties as assigned
Four years of College resulting in a Bachelor's Degree or equivalent
CTP, CPA, MBA advantageous
- 0 to 3 years of experience
Special Knowledge, Skills, and Abilities
Reasonable understanding of the banking system, including cash flows through the banking system
Ability to make decisions, often with short deadlines, in a prudent manner
High personal integrity to transact business in a duly diligent manner
Solid knowledge of accounting concepts, allowing good accounting interaction
Ability to communicate throughout the organization in written and verbal form
Knowledge of Excel
Detail-oriented and good organizational skills
No Supervisory Responsibility
Altafiber has been connecting what matters for more than 145 years. We are a leading technology company that delivers integrated communications solutions to residential customers and end-to-end IT solutions to business customers across North America. Our 4,300 employees across the United States, Canada, India, and the United Kingdom help the world connect, and support the communities we serve through an extensive fiber network and cloud-based solutions. We are focused on building and maintaining a diverse team of employees who are committed to delivering an outstanding customer experience. We call the communities we serve home and giving back to these communities is an important part of our culture. Altafiber offers amazing Employee Volunteer Program, Employee Resource Groups, and organized corporate community service events that further strengthen our community relationships.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, national origin, ancestry, age, disability, religion, sex, sexual orientation, gender identity, gender expression, protected veteran, military status or any other characteristic protected by law.