Treasury Operations Supervisor

The Treasury Operations Supervisor will be a key member within the organization and Finance Department utilizing their Treasury experience to maximize operational effectiveness through partnerships within Treasury and other business units. Analyze data and business processes to identify opportunities for improvement and lead initiatives. The Treasury Operations Supervisor has advanced knowledge of Treasury Operations and is highly motivated, resourceful, a proactive thinker, and detail oriented.

Essential Duties and Responsibilities: Essential functions of this job are listed below in order of priority. Reasonable accommodations may be made to enable individuals to perform the essential duties. Regular and predictable onsite attendance is an essential function of the job.

• Responsible for staff growth, development and maintaining employee metrics.  

• Identifies and recommends staff for promotion. 

• Effectively coaches staff, initiates corrective action when necessary and properly documents for coaching. 

• Monitors and proactively follows up on employee issues. 

• Appropriately monitors attendance and conducts quarterly staff meetings and yearly performance reviews.

• Leads or supports special projects as required or directed by management including but not limited to driving efficiency via process and system improvements for treasury operations.

• Ensures that key metrics such as on-time and accurate payments and SLAs are met and improved.

• Prepares and maintains departmental standard operating procedures.

• Oversees and reports daily cash position; determines organizational funding needs; recommends borrowing/investing decision while ensuring adequate liquidity within policy.

• Forecasts and monitors short and long term cash position; provides actual vs. forecasted cash variances and uses these metrics to improve future forecasts on an as needed basis.

• Prepares quarterly reports and monitors trends as required by collaborating with the data analysts.

• Ensures the proper completion of all banking related transactions including but not limited to electronic transfers, fraud monitoring, issue/reconciliation resolution, depositing and recording all incoming/outgoing payments, etc. 

• Maintains current listing of bank accounts, authorized signers and bank contacts.

• Manage contracts per NJM’s Contract Management policy in conjunction with Treasury vendor coordinator; monitors vendor performance and SLA’s; keeps current with market offerings of service, pricing, etc to ensure NJM’s optimal benefits are realized from all vendor relationships. 

• Responsible for departmental budget projections, monitoring and cost saving recommendations.

• Oversees NJM Payment Center to ensure cash postings and deposits are accurate and timely.

• Oversees Lockbox transmissions and ensures issues are addressed accordingly and timely. 

• Oversees Supplier maintenance and approval

• Supports unclaimed property activity to ensure timely and accurate state reporting

• Supports 1099 process to ensure timely and accurate reporting.

Required Qualifications: Knowledge, skills & abilities, experience, minimum & desired education, certification and/or license requirements.

• Bachelor’s degree in Accounting or Finance

• Minimum of 3+ years of Supervisory experience.

• Minimum of 5+ years of experience in Accounting, Treasury, or Finance field.

• Demonstrate strong analytical, organizational, and problem-solving skills, with acute attention to detail.

• Ability to quickly adjust strategy and execution in the face of new information.

• Excellent written and verbal communication skills.

• Proficient in Microsoft Excel, Word and PowerPoint

• Positive attitude, dependable, motivated, and reliable.

Compensation: Salary is commensurate with experience and credentials.