Head of Treasury Reconciliation
Summary/objective
Build/support bank account structure to support the needs of the "Direct" business. Specifically manage the cash and liability for all client funded (restricted) bank accounts. Implement and enforce policies to mitigate risk, ensure NACHA compliance, protection from internal/external fraudulent activity and audit controls. This person works closely with the stakeholders to support the Direct client base.
Core Job Duties:
Provide Leadership to the Treasury Team (ACH and Reconciliation specialists)
- Hiring and terminations
- Employee development plans
- Performance reviews
- Rate increases
- Corrective action
Reconciliation team
- Maintain bank account structure and account features to support our business needs.
- Ensure staff members have required bank access to perform assigned tasks.
- enforce policies to meet KYC requirements, approve clients accordingly.
- enforce internal controls to reduce risk/exposure.
- Fulfill SOC audit requirements.
- Continually evaluate workload and implement process improvements as needed to endure efficiencies.
- Ensure these internal controls are enforced across the organization.
- Responsible for the monthly reconciliation of all clients funded bank accounts
- Isolved people cloud - tax, settlement, OBC, Work Comp, 401k and AP benefits
- Benefits - FSA, HSA and Cobra
- Build/implement process to import data from multiple payroll platforms to multiple reconciliation applications to capture all system generated transactions with high concentration on data integrity.
- Build/implement process to import data from multiple BANK platforms to multiple reconciliation applications to capture all system generated transactions with high concentration on data integrity.
- Responsible for reconciling outstanding liabilities to bank balance (daily)
- Responsible for reconciling client impounds to tax payments (quarterly)
- Responsible for managing outstanding OBC checks to ensure escheatment responsibility is passed on to clients.
- Enforce controls to ensure manual (non-system generated) transactions have required documentation.
- M&A responsibilities
- Actively participate in due diligence
- responsible for reconciling/true up of predecessor bank accounts
- responsible for transitioning all pending liability from predecessor bank account to isolved bank account.
Job Complexity
Guides and inspires others to work with abstract ideas or situations across functional areas of the business. Sets strategy and guides senior leaders in identifying and evaluating fundamental issues and direction for business unit(s). Requires in-depth knowledge of the business unit, business strategies, and the company's goals.
Interaction
Interacts internally and externally with executive and C-Level level management, requiring negotiation of extremely critical matters. Influences policymaking.
Supervision
Directs and controls the activities of one or more business unit, division, product groups or service areas through senior leaders who have overall responsibility for the successful operation of those assigned areas. Clear expertise as a leader and operator.
Minimum Qualifications
- Bachelor's degree in business management or Finance or more than 5 years in related field
- 10 plus years in a Payroll Tax department, preferably with a PEO or Payroll Service company
- APA certified - CPP preferred.
- The position requires a detail oriented, self-starter who has experience with Adobe Acrobat and Microsoft office products.
- Strong customer service skills are essential.
- The position also requires strong organizational and communication skills. A strong product, service and technical background is preferred.
- Proficient with a 10 key
- Ability to Multitask
- Able to handle a busy working environment with multiple deadlines.
Affirmative Action/EEO statement
isolved is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status. isolved is a progressive and open‐minded meritocracy. If you are smart and good at what you do, come as you are.
Physical Demands: Prolonged periods of sitting at a desk and working on a computer. Must be able to lift up to 15 pounds.
Travel Required: Yes. up to 15% domestic travel required.
Work Authorization: Employee must be legally authorized to work in the United States.
Location: Hybrid In-office
About isolved
isolved is an employee experience leader, providing intuitive, people-first HCM (Human Capital Management) technology. Our solutions are delivered directly or through our partner network to more than five million employees and 145,000 employers - who use them every day to boost performance, increase productivity, and accelerate results while reducing risk. Our HCM platform, isolved People Cloud, seamlessly connects and manages the employee journey across talent management, HR & payroll, workforce management and engagement management functions. No matter the industry, we help high-growth organizations employ, enable and empower their workforce by transforming employee experience for a better today and a better tomorrow. For more information, visit www.isolvedhcm.com.
isolved is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status. isolved is a progressive and open-minded meritocracy. If you are smart and good at what you do, come as you are. Visit www.isolvedhcm.com/careers for more information regarding our incredible culture and focus on our employee experience. Visit www.isolvedeebenefits.com for a comprehensive list of our employee total rewards offerings.
