Lead Treasury Analyst

Join the People Helping People

Velera is the nation's premier payments credit union service organization (CUSO) and an integrated fintech solutions provider. The company serves more than 4,000 financial institutions throughout North America, operating with velocity to help our clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Our purpose : We accelerate partners' success through innovative financial technology solutions and inspired service.

The Opportunity

The Lead Treasury Analyst is responsible for administering the corporate card for Velera which includes support for the organization using Navan, auditing of T&E and reporting to management / internal audit exceptions. They will partner with various levels throughout Velera's organization to ensure corporate policy is administered and our internal customers are supported with the use of the corporate card. The incumbent will be the primary owner of all prefund analysis for Velera and providing guidance and managerial advice to all levels of management regarding prefund strategies. They will be responsible for various balance sheet settlement reconciliations, providing Treasury support for daily settlement money movement and account analysis fees. They will be primary owner of budgeting and forecasting of lockbox, pass-through revenue and expenses. The responsibility of maintaining / managing our cost center and ensuring we are in budget. Also, aids the team in the audit, monthly close with booking treasury journal entries, daily settlement wire support along with money movements for the company. They will support various aspects of the Treasury & Settlement Operations including daily cash position and monitoring inflows / outflows of cash.

Day in the Life

Management of our corporate card program and work on process improvements that will ensure ease of use for our employees.

Manage and analyze the daily, monthly and expenses to determine in / out flows of cash to determine main usages of cash.

Manage Treasury cost centers to ensure we are within budget and audit to ensure our department expenses are accurate.

Will reclassify anything that is charged to our CC and not belonging to our department.

Will work closely with our finance liaison to ensure we are within budget, and our expenses are reflective of our activities.

Responsible for company prefund calculations and providing guidance to management on strategy and changes to ensure cooperative has adequate settlement working capital.

Manage the relationship with CGEs to communicate changes to our prefund strategies with support to answer questions from our FIs.

Will work with Marketing when large adjustments are necessary to ensure seamless communication with our member owners.

Assist management leadership in general ledger monthly responsibilities; research and resolve complex and critical issues involving departmental processes and procedures

Planning / Forecasting of Investment Income, Interest Expense and other items manager currently resides with manager and interchange monthly review

Audit support (SOC 1), interim and final audit

Ensuring proper billing of pass-thru revenue and suspense account activity

Interact professionally with Velera's external / internal customers e.g. (Visa / MC, FIs, corporate card users) to continuously improve service standards and ongoing relations.

Partnering within the treasury team on projects and duties

Reconcile some balance sheet accounts related to settlement to ensure proper booking of daily entries.

Advise on settlement best practices and strategy with the internal and external teams to drive effective communication, feedback, and innovative thinking.

Treasury analysis fees recording to general ledger and review for reasonableness

Variance analysis on revenue / expense accounts

Settlement Wire support

Line of business allocation for our revenue entries by client

Coordinates and oversees any special projects as assigned by management.

Qualifications

Bachelor's degree in business, Accounting, Finance or related, or equivalent combination of education and experience required.

10 years of relevant experience or demonstrated equivalency of experience in industry and / or education.

Minimum desired 5 years of EFT experience in the banking / credit union industry.

Five (5) Accounting / Treasury or Banking experience required.

Five (5) years minimum credit / debit card experience desired

Five (5) years' experience supporting back office and Settlement services and / or equivalent combination of education and experience desired.

About Velera

At Velera we are committed to fostering a workplace where every employee feels valued, respected, and connected. We understand, attract and engage a diverse workforce where every employee can live up to their full potential; ensuring that our employee base reflects the consumers we serve. The result of this effort is an inclusive environment where diverse talent thrives. We strive to foster a safe and inclusive work environment for people to bring their authentic selves in order to build a better community within our company and with our partners.

Pay Equity : $84,900.00 - $108,200.00 Actual Pay will be adjusted based on experience and other job-related factors permitted by law.

Great Work / Life Benefits!

Competitive wages

Medical with telemedicine

Dental and Vision

Basic and Optional Life Insurance

Paid Time Off (PTO)

Maternity, Parental, Family Care

Community Volunteer Time Off

12 Paid Holidays

Company Paid Disability Insurance

401k (with employer match)

Health Savings Accounts (HSA) with company provided contributions

Flexible Spending Accounts (FSA)

Supplemental Insurance

Mental Health and Well-being : Employee Assistance Program (EAP)

Tuition Reimbursement

Wellness program

Benefits are subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions

Velera is an Equal Opportunity Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, citizenship status, or membership in any other group protected by federal, state or local law.