Treasury Analyst #10FB02152023

Rappahannock Electric Co-Op   Fredericksburg, VA   Full-time     Finance
Posted on March 5, 2023


Treasury Analyst

The Treasury Department manages all bank accounts and daily activity for the Cooperative to ensure all cash transactions are properly safeguarded, authorized and recorded. The analyst will be responsible for managing banking vendor relationships and services. The Treasury Analyst assists the Treasury Services Team to report the daily cash positions and activity, process transactions in the banking systems, and maintain the accounts at the various banks. The Treasury Analyst works closely with the various financial departments and the facilities to communicate treasury processes and information. This position reports directly to the Director, Financial Planning and Treasury Services and supports initiatives for the team.


Prepares cash forecasts and budgets to project the incidence of cash re- ceipts and payments, and determine daily, weekly and/or monthly cash re- quirements for the Cooperative.
Performs analysis of the annual cash flow budget for review and evalua- tion by the Department Director.
Responsible for daily decision of cash balances and investments.
Monitors daily cash account transactions.
Instrumental in the coordination and set up of third-party cash processors and connection with bank accounts.
Manages relationships with current and potential bank service providers.
Supports account research and banking transactions.
Administers bank account setup in general ledger software.
Manage all opening/closing documents on new accounts and bank ac- count closures; maintains all signatories as needed.
Prepare or review monthly/quarterly/annual reconciliations as needed.
Performs analysis for the investment of available funds in financial instru- ments to secure the principal and maximize the return on such
funds in accordance with the policies and mortgage requirements of the Cooperative.
Monitors and facilitates the minimization of the Cooperative's exposure to interest rate and other investment-related risk.
Prepares and maintains amortization schedules for debt portfolio.
Prepares and maintains schedules pertaining to investments.
Maintains various monthly reconciliation of selected accounts, evaluating procedures and providing improvement to the processes involved.
Ensures funds are available for daily wires/ACH payments, weekly payroll and check runs, debt service payments and required transfers.
Monitor debt covenant compliance, internal controls, policies and proce- dures.
Responsible for the decision of daily positive pay exceptions, an automated cash management service to deter check fraud.
Assist with sales tax compliance and audit as necessary.
Manages the annual escheatment process to ensure cooperative compli- ance with Virginia regulations.
Administrator of the System of Awards Management (SAMS) account.
Work with team members in the preparation, review and posting of journal entries.
Assists in the development of treasury policy and procedures.
Responds to external audit requests.
Perform other duties assigned.


Bachelor's degree in Accounting, Business Administration or Finance. A Minimum 3 years of Banking, Cash Management or Treasury experience. Certified Treasury Professional preferred.

The ideal candidate must be proficient in Microsoft Office applications particularly Excel. Detail-oriented with strong analytical, problem-solving and financial skills. Working knowledge of internal controls around banking transactions and standard banking practices. Experience in 3rd party and intercompany transactions (ACH, Wire and Bank Transfers) desired.

Must be able to assist with the issuance and administration of Letters of Credit. Prepare and update the Cooperative's 13-week cash flow forecast. Strong communication skills both verbal and written. Demonstrated accuracy and efficiency, strong attention to detail. Strong skill level with Microsoft Excel. Candidate will be thorough knowledge of regulations, corporate policies and procedures, portfolio management, bank relationships, and investment accounting.

Ability to meet deadlines, multi-task and prioritize. Self-starter: ability to work autonomously. Ability to handle confidential information with highest level of professional discretion. Arrives to work on time, regularly, and works as scheduled. Recognizes and follows all safety rules and regulations of the Cooperative. Follows policy and procedure regarding all electronic devices, computers, tablets, etc.

The role will be office work performed in Fredericksburg, VA office. A minimum of three days in the office each week. Work primarily requires sitting at a desk. Maintain professional knowledge by attending at least 1 learning event annually. Subject to twenty-four hour a day call pertaining to major storms and responding to any Cooperative financial emergency.

Deadline: Friday, March 10th, 2023 at 5:00 PM EST
*The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as a complete list of all responsibilities, duties, and skills required of personnel so classified.