Treasury Accountant

OUTSTANDING BENEFITS UNLIKE ANY OTHER. Low-cost health benefits, 8% 403b contribution, affordable tuition at Niagara University for you and eligible immediate family members, tuition exchange at other designated universities for eligible dependent children, generous holidays (20 days annually), PTO, and ½ day Fridays throughout the summer. Niagara University is also an approved employer for the Public Service Loan Forgiveness program. Campus life is vibrant and offers free parking, on-site dining options, and fresh coffee at Tim Horton's and Starbucks, all in a beautiful park-like setting. If you'd like to know more, check out all of the .

JOB SUMMARY:

The Treasury Accountant at Niagara University is responsible for assisting in the efficient management of the university's cash flow, ensuring the availability of funds to meet operational needs, and maintaining accurate records of cash transactions in the general ledger. This role plays a crucial part in supporting the financial health of the institution.

ESSENTIAL DUTIES:

• Monitor daily cash balances and assess the university's liquidity need for various bank accounts in both US and Canadian funds.
• Forecast cash flow requirements to ensure funds are available for various university expenditures.
• Reconcile bank statements and records to verify the accuracy of transactions and balances.
• Reconcile balance sheet accounts such as accounts receivable, accounts payable, etc.
• Investigate and resolve general ledger discrepancies or variances promptly.
• Process and authorize payments, including checks, electronic transfers, and wire transactions, in compliance with established policies and procedures.
• Record journal entries for all cash activity over various bank accounts including incoming cash, checks, and electronic payments to the general ledger.
• Ensure timely and accurate posting of receipts to the university's financial systems.
• Manage the university's debt portfolio, including bonds, loans, and other financing instruments.
• Monitor and prepare reports on university investment/endowment funds and related spending accounts.
• Coordinate with banks on cash-related matters, including account openings and account maintenance.
• Ensure adherence to all relevant financial regulations, policies, and procedures.
• Assist with internal and external audits related to cash management.
• Prepare financial reports as necessary.
• Supervisor student employees.
• Other duties as assigned.

GENERAL DESCRIPTION:

% of Time

40% Monitors and manages the cash management accounts which includes proper

disbursement of the cash flow reported on the financial statements.

25% Analyzes and reconciles financial accounts, such as payroll, unrestricted operations and University debt.

10% Input/ import of financial data and journal entries into the Colleague General Ledger System.

15% Prepares periodic account reconciliation and financial reports.

10% Responds to requests from other departments, such as answering questions regarding budgets and running financial reports.

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES:

• Bachelor's degree in finance, accounting, or a related field.
• 3-5 years' experience in cash management, accounting, or financial analysis preferred.
• Proficiency in Microsoft Excel and financial software.
• Strong analytical and problem-solving skills.
• Attention to detail and accuracy in financial record-keeping.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Knowledge of relevant financial regulations and compliance requirements.

ERGONOMIC REQUIREMENTS:

The functions of the position are usually performed sitting, but may require some amount of standing. Some amount of stooping, kneeling, bending, crouching, lifting, walking, carrying and other movements may be required. Tasks involving working on a computer keyboard, calculator, involves extensive wrist and hand movements. The employee is regularly required to lift up to 10 pounds. The vision requirements include close vision, distance vision and the ability to adjust focus. All individuals are required to be able to perform these movements without significant risk of injury to themselves or others.