Coaction Global is a company that focuses on pushing the boundaries of insurance through a diverse team of professionals. They are seeking a Treasury Associate who will be responsible for managing daily cash transactions, supporting cash operations, and ensuring accurate financial records.
Responsibilities
- Support daily cash management activity, including all daily banking transactions, day-to-day management of bank accounts, monitor the Treasury Inbox – research inquiries, Stop payments etc
- Proper and timely recording of cash transactions in the general ledger
- Complete daily/weekly cash accounting transactions, including daily banking transactions and support monthly management of bank reconciliation accounts accurately and efficiently
- Prepare monthly and quarterly journal entries for accounting closing process
- Troubleshoots and resolves discrepancies based on extensive research and analysis of related cash activity
- Manage high volume of cash receipts via lockbox, allocating receipts to multiple insurance companies
- Prepare and support the daily cash receipts report for distribution to management and internal clients
- Support the development of strong processes and controls within cash management activities
- Support the development and monitor of operational metrics
- Complete various ad-hoc requests
Skills
- Associate or Bachelor's degree in Finance, Accounting, Business Administration, or a related field
- 1-3 years' experience in treasury/cash accounting preferred– experience in the insurance sector a plus
- Familiarity with electronic banking systems, ACH/wire payments, and bank reconciliation preferred
- Proficiency in Microsoft Excel; ERP system experience is a plus
- Strong attention to detail, organizational skills, and ability to manage multiple tasks
- Good written and verbal communication skills
- Solid analytical and problem-solving skills
- Good organizational skills and attention to detail
- Self-starter capable of working independently within a team environment
- Possess the ability to handle a high volume of data in a high-paced environment
- 1-3 years' experience in treasury/cash accounting preferred– experience in the insurance sector a plus
- Familiarity with electronic banking systems, ACH/wire payments, and bank reconciliation preferred
- Proficiency in Microsoft Excel; ERP system experience is a plus
Benefits
- Discretionary incentive bonus
- Paid time off
- Medical
- Dental
- Retirement
Company Overview
- Coaction Global (Coaction) is an A.M. Best “A-“ (Excellent)-rated, property and casualty (P&C) insurance company. It was founded in 2009, and is headquartered in Morristown, New Jersey, USA, with a workforce of 201-500 employees. Its website is https://www.coactionspecialty.com/.