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Treasury Services Associate Jobs in Maine (NOW HIRING)

Northeast Bank is a full-service community bank and a national commercial real estate lender with ... Associate degree or 3 years' experience in a business banking environment. PHYSICAL DEMANDS AND ...

... Treasures. The ideal candidate will have prior sales experience and will work as part of the ... Soft Good Sales Associates provide excellent customer service in all aspects of soft goods sales ...

... Treasures. The ideal candidate will have prior sales experience and will work as part of the ... Soft Good Sales Associates provide excellent customer service in all aspects of soft goods sales ...

... treasury/cash management initiatives and projects, such as bank account management, banking service ... Carrington Associates. For more information about Carrington Charitable Foundation, and the ...

... advisory services together into a single connected HCM platform. As Paychex and Paycor come ... as a treasurer, team lead, or project lead) Why This Role * Uncapped earning potential ...

... advisory services together into a single connected HCM platform. As Paychex and Paycor come ... as a treasurer, team lead, or project lead) Why This Role * Uncapped earning potential ...

Treasury Services Associate information

What is a Treasury Services Associate?

Treasury Services Associates are entry-level professionals who support the management and optimization of a company's cash flow, liquidity, and financial transactions. They assist with tasks such as processing payments, managing bank accounts, reconciling statements, and supporting the implementation of treasury solutions. These associates often work closely with senior treasury staff to ensure efficient daily operations and compliance with financial policies. Their role is crucial in helping organizations manage their financial resources effectively and mitigate financial risks.

What are some typical challenges Treasury Services Associates face when managing cash flow and liquidity for clients?

Treasury Services Associates often encounter challenges such as balancing the need for liquidity with minimizing idle cash, adapting to rapidly changing market conditions, and ensuring compliance with regulatory requirements. They must be detail-oriented to monitor large volumes of transactions and proactive in identifying discrepancies or potential risks. Collaborating closely with internal teams and clients, they also need to communicate complex financial concepts clearly while maintaining strong client relationships.

What are the key skills and qualifications needed to thrive as a Treasury Services Associate, and why are they important?

To thrive as a Treasury Services Associate, you need strong analytical abilities, attention to detail, and a solid understanding of finance or accounting, often supported by a relevant degree. Familiarity with treasury management systems, financial software like Excel, and knowledge of regulations such as AML/KYC are typically required. Excellent communication, problem-solving, and client service skills help set you apart in this role. These competencies are crucial for ensuring accurate transaction processing, regulatory compliance, and effective client support in financial operations.

What is the difference between Treasury Services Associate vs Cash Management Specialist?

AspectTreasury Services AssociateCash Management Specialist
Required CredentialsBachelor's degree, relevant certifications often preferredBachelor's degree, certifications like CAMS or CTP beneficial
Work EnvironmentBanking or financial institution, corporate treasury teamsBanking, financial services, corporate treasury departments
Employer & Industry UsageCommonly employed in banks and financial institutionsUsed in banks, corporations, and financial service firms
Comparison Search IntentUnderstanding roles in treasury operationsFocusing on cash flow management and banking services

The Treasury Services Associate and Cash Management Specialist roles both involve working within treasury and banking environments, often requiring similar educational backgrounds and certifications. While the Treasury Services Associate typically supports treasury operations and client services, the Cash Management Specialist focuses more on managing cash flow and banking solutions. Both roles are integral to financial institutions and corporate treasury teams, with overlapping skills but distinct primary responsibilities.

What cities in Maine are hiring for Treasury Services Associate jobs?

Cities in Maine with the most Treasury Services Associate job openings:

Treasury Services Coordinator

Northeast Bank

Lewiston, ME • On-site

$27 - $32/hr

Full-time

PTO

Posted 8 days ago


Job description

Northeast Bank is a full-service community bank and a national commercial real estate lender with offices in Maine, Massachusetts, New York, and California. We are looking for motivated and talented individuals who want to make an impact in a growing company that cares about its employees, customers, and the communities it serves. Northeast Bank provides competitive compensation and benefits, generous PTO, and a hybrid work environment dependent on the role. If you are looking for a growing organization that prioritizes its employees, we encourage you to apply.

POSITION SUMMARY: Delivers primary support to Business, Government, and National Banking Sales Teams, assisting new and existing deposit clients, including account opening, digital service onboarding and deepening client relationships. Serves as lead client support for all Cash Management service-related activities.

RESPONSIBILITIES:

  • Responsible for opening new and maintaining existing Business deposit accounts, including document collection, due diligence and risk review.
  • Works closely with Business and Government Banking Relationship Managers to support business deposit client onboarding, including digital banking and cash management services.
  • Delivers business deposit client support via phone, email and video banking channels.
  • Manage and distribute ongoing report packages for Business Banking team, including development of customized on-demand reports for managing Business deposit portfolio.
  • Effectively manage ACH, RDC, and Wire limits – initially establishing limits, and facilitating annual renewals and maintenance.
  • Maintain awareness of and adherence to Bank compliance requirements and risk management concepts, expectations, policies, and procedures.
  • Regularly collect and upload relevant KYC financial information throughout Business deposit client’s relationship to ensure information is current.
  • Maintain effective relationship with core provider support team (Jack Henry) to manage ad hoc service requests.
  • Participates, encourages, and promotes CX process improvements and efficiency changes.
  • Participates in Bank Projects, actively engaging as a Business Banking subject matter expert.
  • Maintains a current knowledge and understanding of ACH/NACHA rules.
  • Assists and coordinates with content for compilation of business deposit RFPs, presentations and proposals.
  • Supports business banking sales efforts with demonstrations and participates in related calls, events and activities.
  • Identify cross-sale opportunities for existing customers to deepen relationships.
  • Works effectively with Customer Success Center in support of ongoing business banking support and training needs.
  • Successfully pass technical and regulatory examinations by the Company.
  • Ensure compliance with State, Federal, and Bank Policy.

KNOWLEDGE, SKILLS AND ABILITIES:

  • Strong organizational skills.
  • Proficient in all aspects of cash management products and systems.
  • Excellent written and verbal communication skills
  • Ability to detect and resolve problems.
  • Make decisions which are appropriate and consistent with the situation.
  • Self-motivated, able to work independently.
  • Strong attention to detail and accuracy.
  • Proficiency in Microsoft Word and Excel
  • High degree of confidentiality required.
  • Ability to meet deadlines.
  • Ability to follow directions.
  • Working knowledge of Bank’s applications supporting customer information preferred.
  • Associate degree or 3 years’ experience in a business banking environment.

PHYSICAL DEMANDS AND CONDITIONS:

  • Must be able to remain in a stationary position for long periods of time.
  • Must be able to occasionally lift up to 25lbs.
  • Consistently operates a computer and other office equipment such as calculator, copy machine and printers.
  • Climate controlled general office setting with moderate noise level.
  • Must express or exchange ideas with co-workers, customers and vendors.

Northeast Bank is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, national original, veteran status and any other classification protected by Law. We celebrate diversity and are committed to creating an inclusive environment for all employees.