Treasury Analyst
Newton, MA 
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Posted 30 days ago
Job Description

Location Information
Five Star Senior Living's corporate headquarters are located in Newton, Massachusetts. Just 20 minutes outside of downtown Boston, the building features easy access to public transportation and the Massachusetts Turnpike.
Key Responsibilities

Summary:

The Treasury Analyst is responsible for assisting and supporting the Treasury Manager for the day-to-day functions of the cash management operations of the company as well as for the communities we manage. The role will also provide key analytical support and other financial performance metrics to the Treasury Manager and others. Planning and implementation of cash management projects as well as management and analysis of cash flows, cash postings, financial positioning, reconciliation, compliance and reporting. Work to build first-in-class treasury functions including cash management, cash forecasting, liquidity management, debt management, bank account/bank relationship management and other treasury related operations. Strategically partner with legal, tax, financial planning and analysis, accounts receivable, accounts payable and the accounting teams to improve inter-departmental efficiency and corporate effectiveness.

Responsibilities:

  • Learn to use the latest in technology applications to efficiently perform daily and monthly cash application processes
  • Perform daily cash management activities including initiating wire transfers, exception processing including positive pay, returns and deposit items and daily cash position reporting and updates to management
  • Facilitate cash management functions, including EFT payments, account funding, cash concentration, etc.
  • Manage and reconcile daily cash positions and analyze variances in cash availability/forecasts and seek ways to improve forecasts/projections
  • Ensure sufficient daily liquidity for working capital needs through cash and liquidity management
  • Review account analysis and resolve any fee discrepancies and provide solutions for cost savings
  • Assist with implementation of process improvements in cash management and other treasury initiatives
  • Support bank account maintenance activities
  • Assist in maintaining relationships with banks and financial institutions
  • Assist in preparing and designing the company’s strategic cash flow forecast models
  • Assist with cash management, forecasting, liquidity management, debt management, month-end accounting process, compliance and reporting as they relate to treasury functions
  • Assist in the implementation of new bank technologies, products and other related systems
  • Assist with various treasury reports to support periodic audit and SEC reporting requirements
  • Proficient understanding of management agreements with which our revenue is generated and how policies and procedures have been designed to execute in accordance with the management agreement
  • Exercising critical thinking in operational, financial, or transactional analysis to identify and help resolve any issues
  • Assist in the development, monitoring and compliance of treasury procedures and policies.
  • Ensure compliance with Sarbanes Oxley (SOX) 404 for respective areas
  • Ensure compliance with daily, monthly, quarterly and annual debt covenants
  • Assist in supporting periodic internal and external audits
  • Strategically partner with tax, financial planning & analysis, accounts receivable, accounts payable and accounting and other internal groups, to resolve current treasury related matters and future funding transactions, external borrowings and acquisition-related activities
  • Expand job knowledge by participating in educational opportunities and professional organizations
  • Complete ad hoc assignments, including projects that are outside of treasury
  • Support other treasury/corporate-related activities, as required

Education/Experience/Requirements:

  • Bachelor's degree in Finance, Accounting or Business Administration; Master’s degree in Business, a plus
  • Broad understanding of banking services, standards, best practices, clearing systems and payment technologies
  • Several years of work experience in a fast-paced treasury/finance environment
  • General knowledge of GAAP and SEC reporting requirements related to treasury activities
  • Proficiency in Microsoft Office (with advanced Excel modeling skills)
  • Solid analytical skills and excellent attention to detail
  • Strong communication skills, both oral and written
  • Detailed oriented, ability to work independently and as part of a team
  • Effective organizational and time management skills
  • Proactive, results-driven and reliable
  • Ability to interact with all levels of corporate structure both internally and externally
  • Self-motivated to seek out answers, generate ideas, develop new skills and drive process improvements within a team setting
  • Enthusiastic and shows an intense enjoyment and interest in treasury matters
  • Positive attitude with the flexibility to work well in a changing and fluid environment
  • Consistently takes pride in the quality of their work
  • Seeks feedback and perspective from others; requests assistance and guidance to prioritize
  • The preferred candidate would also have experience in:
  • Treasury operations
  • Mid-size to large SEC registrants
  • Workday

Additional Certificates, Licenses, Registrations:

  • Certified Treasury Professional (CTP), strongly preferred

Other:

The culture at Five Star is built on our shared core values – People First, Integrity, Mindful, Listen and Work to Be Our Best. Within that framework we want to include positive collaboration, proactive problem solving and relentless curiosity. Positive collaboration means that we work together and make decisions for the greater good - with open, honest and respectful communication. Proactive problem-solving means that we come to the table with ideas, recommendations and solutions - instead of sitting back and waiting for others to raise an issue or fix a problem for us. Relentless curiosity means that we continually strive to improve, learn and grow by asking questions, seeking knowledge and stretching beyond our comfort zone.

Shift/Hours
DaytimeAbout Five Star

Five Star Senior Living Inc., a national healthcare and senior living provider headquartered in Newton, Massachusetts, proudly offers the highest quality service and care with the warmth and hospitality of home. Founded in 2000, Five Star has two major operating division: Five Star Senior Living and AGEILITY Physical Therapy Solutions.

The Five Star Senior Living division includes more than 280 Independent Living, Assisted Living, Alzheimer's/Memory Care, Healthcare Centers with Skilled Nursing & Rehabilitation and Continuing Care Retirement Communities. With communities in over 30 states and more than 25,000 team members, Five Star is committed to maximizing our residents' independence and enhancing their lifestyles.

The division provides both inpatient and outpatient services to over 150 communities. These services are provided both within Five Star and to customers externally. We offer Physical, Occupational and Speech Therapy Services. Our specialty programs includes our Step up to Stop falls Program, "Connections" our memory care therapy program, and our executive functioning program that focuses on cognitive strategies aimed at keeping our residents independent in areas such as medication management and house hold functions.


EEOC
Five Star prohibits discrimination against any applicant or employee with regard to or on the basis of race, color, religion, national or ethnic origin, age, ancestry, sex, pregnancy (including pregnancy, childbirth, lactation and related medical conditions), gender, gender identity and expression (including transgender), sexual orientation, mental or physical disability, military status, certain criminal records, genetic information (including characteristics and testing), HIV testing, a personal admission to a facility for the care and treatment of a mentally ill person and taking of parental leave or membership in any other category protected by applicable law. In addition to federal requirements, Five Star complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has communities and/or facilities. This policy applies to all terms and conditions of employment, including, but not limited to, recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

In addition, Five Star expressly prohibits any form of workplace harassment based on race, color, religion, national or ethnic origin, age, ancestry, sex, pregnancy (including pregnancy, childbirth, lactation and related medical conditions), gender, gender identity and expression (including transgender), sexual orientation, mental or physical disability, military status, certain criminal records, genetic information (including characteristics and testing), HIV testing, a personal admission to a facility for the care and treatment of a mentally ill person and taking of parental leave or membership in any other category protected by applicable law. We will not tolerate harassment of employees in the workplace, or in other settings in which employees may find themselves in connection with their employment. Improper interference with the ability of Five Star’s employees to perform their job duties may result in discipline up to and including discharge. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination harassment or retaliation, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any federal, state, or local law is prohibited and will not be tolerated.


EEOC

Five Star prohibits discrimination against any employee or applicant for employment with regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, genetic information, disability or veteran status. In addition to federal requirements, Five Star complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has communities and/or facilities. This policy applies to all terms and conditions of employment, including, but not limited to, recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
Open
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