Treasury Accountant

Navitas Credit Corp, a subsidiary of United Community Bank, is a rapidly growing financial services firm that is a leader in the equipment finance industry. Navitas provides financing to small and medium sized businesses throughout the United States to help them grow and stay competitive. With multiple offices across the country, and an entrepreneurial culture while also supported by a leading regional bank, Navitas is looking for talented individuals to join our team and grow with the company.

We are seeking a full time experienced and highly motivated Treasury Accountant as part of our Accounting team to work in our Mount Laurel, NJ office.

This position will be responsible for controlling the daily company cash position ensuring sufficient funding, approving daily wires, ACH’s and check payments, ensuring investors are properly paid, controlling administration of company bank accounts, controlling payment fraud risk and supporting the company’s asset sales program. In addition, the position will prepare the accounting entries for the above functions. The role includes the maintenance, analysis and reconciliation of multiple general ledger accounts and preparation of certain accounting reports and analyses. The position reports directly to the Treasury Director with significant interaction with the SVP of Accounting and Finance. Successful candidates will be part of a great working environment and supportive team

Key Responsibilities :

• Scheduling daily cash needs and inflows as appropriate to ensure sufficient cash for corporate needs.
• Requesting fundings from parent resources as appropriate.
• Approving daily payment activity including wires, ACH payments and check payments by reviewing payments and comparing to appropriate documentation.
• Maintaining daily investor activity files to ensure that investors receive the appropriate payments.
• Reconciling cash activity to the various report sources daily to ensure that inflows and outflows are properly controlled.
• Prepare accounting entries associated with daily payment activity.
• Assisting with the asset sale program as a backup by preparing investor files and related calculations and revising as appropriate as investors make asset selections.
• Interfacing with investors and handling any buybacks as appropriate.
• Preparing asset sale entries as appropriate.
• Prepare monthly reconciliations of cash due investors and cash flows.
• Prepare monthly reconciliations of sold portfolios by investor including related accounting entries.
• Provide controls over the company’s cash management to include : Administrating the interface with the internal UCB and external bank systems and representatives to control user access.Initiating the transfer of funds among accounts as needed.Administrating fraud risk parameters and reporting and suspected fraud through IC3’s and other means.Administering and communicating banking alerts as appropriate.Maintain Policies and Procedure Manual
• Prepare various financial reports utilizing the financial system.
• Prepare various ad hoc or ongoing financial analyses.
• Assist in schedule preparation for the audits as needed, including interfacing with auditors as necessary
• Document Treasury accounting functions and controls as needed.

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