Cash Management Analyst

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JOB SUMMARY

The Cash Management Analyst will be responsible for ensuring the efficient and accurate processing of payments, reviewing submitted payments for compliance and accuracy, and supporting the overall banking operations within Treasury. We are looking for a detail-oriented individual with strong analytical skills and an understanding of cash management processes.

JOB REQUIREMENTS

Education

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field

Work Experience

• 1-3 years within cash management or bank administration preferred

Required Licenses/Certifications

N/A

Additional Knowledge, Skills and Abilities Required

GoHealth Core Values:

• Collaboration: Takes ownership for collectively establishing productive partnerships and relationships and seek to gain joint understanding of priorities and objectives so that the greater good of the organization and those we serve is always at the forefront.
• Innovation: Consistently uses good judgment, applying creativity to overcome obstacles and increasing effectiveness and efficiency through process and other forms of innovation.
• Diversity & Inclusion: Fosters diversity and inclusion, to be able to better understand team members, our customers and partners. Engages the strengths and talents of each GoHealth team member, creating an environment of involvement, respect and connection where the richness of ideas, backgrounds and perspectives are harnessed.
• Courage & Integrity: Models and practices the highest ethical and professional standards; demonstrates pride and personal interest in our patients, partners and fellow team members, deeply engaging in the business. Makes decisions, with a focus on doing the right thing; treats team members, our customers, partners and vendors with dignity, consideration, open-mindedness and respect.
• Accountability: Always shows initiative, demonstrates a bias to action and gets things done. Actively accepts responsibility for diverse roles, obligations and actions that positively influence patient and customer outcomes, our partnerships and the healthcare needs of our communities.

Other Required KSA's or Functional Competencies:

• N/A

Additional Knowledge, Skills, and Abilities Preferred

• Familiarity with cash management and banking operations.
• Strong analytical skills and attention to detail.
• Proficiency in Microsoft Office Suite, particularly Excel.
• Knowledge of cash management systems, banking platforms and Workday.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.

Essential Functions

Key Responsibilities:

• Prepare Internal and External Payments:

• Process and prepare various types of payments, including wire transfers, ACH transactions, and checks.
• Ensure all payment instructions are accurately entered into the system.
• Verify payment details and ensure compliance with internal policies and requirements.
• Review Payments:

• Review submitted payment requests for accuracy and completeness.
• Conduct thorough checks to ensure payments are authorized and comply with company policies.
• Identify and resolve discrepancies or issues with payment submissions.
• Support Banking Operations:

• Assist in the management of daily cash flow and liquidity.
• Monitor bank accounts and reconcile transactions to ensure accuracy.
• Support the structuring, implementation and maintenance of cash management systems and tools.
• Collaborate with partner banks to assist with KYC (Know Your Customer) processes that verify the identity of clients and ensure compliance with regulatory requirements.
• Work closely with internal teams and external banking partners to resolve issues and improve processes.
• Reporting and Analysis:

• Generate and analyze cash flow reports to provide insights and recommendations.
• Prepare monthly, quarterly, and annual cash management reports for management review.
• Assist in forecasting cash needs and developing strategies to optimize cash utilization.
• Compliance and Risk Management:

• Ensure adherence to all regulatory requirements and company policies related to cash management.
• Identify and mitigate risks associated with cash handling and payment processing.
• Participate in audits and provide necessary documentation

Note: This is not inclusive of all the duties of the position. You may be asked by leaders to perform other duties. Management reserves the right to revise this position description at any time.