Treasury Analyst - Hybrid

NJM Insurance Group • Trenton, NJ

2d • Hybrid

About The Position

This is an exciting time to join NJM Insurance Group as we continue to expand into new markets! With a nationally ranked reputation for outstanding customer service and a history that spans more than a century, NJM is a leading provider of worker’s compensation, automobile and homeowners’ insurance. Become a member of our team and you’ll be part of company who operates for the sole benefit of its policyholders and is committed to maintaining the highest levels of service. Team members are offered competitive compensation. NJM has a Treasury Analyst opportunity that will play a key role within the organization and Finance Department performing daily cash management activities, cash forecasting, and ensuring sufficient funds to cover daily working capital. This includes but is not limited to maintaining daily cash forecast, cash position, settlements, intercompany transfers, and ensuring all bank accounts are reconciled timely, and maintaining bank account information. The Treasury Analyst is highly motivated, resourceful, a proactive thinker, and detail oriented. This is a hybrid role requiring 3 days in our West Trenton office and 2 days can be work from home.

Requirements

• Bachelor’s degree in Accounting or Finance.
• 3+ years of experience in Accounting, Treasury, or Finance field.
• Strong analytical, research, and problem-solving skills.
• Experience using Microsoft Excel.
• Excellent written and verbal communication skills, with demonstrated ability to work in a team environment.
• Positive attitude, dependable, motivated, and reliable.

Nice To Haves

• Experience using Banking Software.

Responsibilities

• Review, analyze, and reconcile daily corporate bank transactions for multiple bank accounts including reconciliation of BAI files and trouble shoot any errors.
• Daily review and approval ACH debit and positive pay exceptions.
• Daily cash management including cash position, cash activity, and cash flow trend analysis.
• Recommend organizational funding needs to management.
• Prepare daily, twelve-month projections to determine cash flow for multiple companies, including gathering investment details, operational costs, and known disbursements.
• Assists with quarterly board reporting processes.
• Performs monthly reconciliations on multiple accounts related to Treasury Operations to ensure accurate reporting in financial statements.
• Processes intercompany transfers and loan movements as required.
• Completes analysis on outstanding checks for various accounts.
• Responsible for maintaining current and accurate list of bank accounts and assists with opening/closing of accounts, signatory updates, and record keeping.
• Review and respond to inquiries in a timely and accurate manner and assists with daily treasury investigations for both internal and external inquires, including audit requests.
• Recommend and support opportunities for process improvements/cost-savings.
• Maintains and updates operational processes within the department.
• Ensure compliance with internal controls, policies, and procedures.
• Stay abreast of banking regulations and changes within financial markets.
• Assists with preparing annual budget.
• Monitors budget variances and provides explanation to management.
• Monitors vendor SLAs to ensure they are being met, performs analysis to determine potential refund processing.
• Supports projects as appropriate and other Treasury duties as directed.
• Prepares reports as requested.
• Cross-train to learn all functions of the department.

Benefits

• Eligible full-time employees receive a competitive Total Rewards package, including but not limited to a 401(k) with employer match up to 8% and additional service-based contributions, Health, Dental, and Vision insurance, Life and Disability coverage, generous PTO, Paid Sick Leave, and paid parental leave in addition to state-mandated leave. Employees may also be eligible for discretionary bonuses.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level