Treasury Analyst

Role Overview

• Manage daily cash operations using the Treasury Management System (TMS)
• Monitor bank accounts, execute wire/ACH transactions, and maintain optimal liquidity positions to meet funding needs requiring judgement and discretion
• Execute high-value funds transfers between internal and external bank accounts totaling $1B+ per month requiring accuracy and confidence in decision-making
• Optimize short-term investments and borrowing by determining daily financing positions based on cash forecasts, ensuring adequate funds for operations while maximizing returns on any excess cash within policy guidelines
• Prepare and analyze cash flow forecasts, perform variance analyses and adjust projections as needed to respond to changing conditions using judgement to interpret trends
• Present insights from forecasts to Treasury leadership, enabling informed decision-making
• Reconcile cash transactions daily
• Promptly resolve any discrepancies or exceptions, ensuring accurate cash accounting and strong internal controls
• Drive process improvements: Identify opportunities to streamline treasury processes and leverage technology to increase efficiency and reduce operational risk
• Ensure compliance and controls: Adhere to all internal controls and external regulations
• Support audit requests by providing documentation and implementing audit recommendations
• Maintain up-to-date process documentation and contribute to business continuity plans to mitigate operational risk
• Liaise with external and internal business partners: Work closely with external banks, vendors, and internal partners on complex issues and bank services often requiring discretion when addressing confidential information
• Act as a point of contact to resolve issues and provide guidance on treasury best practices to internal teams
• Coordinate unclaimed property compliance: Ensure unclaimed funds are managed in accordance with state regulations by coordinating due diligence outreach and filings, in partnership with Legal and Compliance teams
• Collaborate on treasury initiatives: Partner with the Assistant Treasurer, Treasury Manager, and other finance colleagues on initiatives to optimize cash flow processes, improve liquidity management strategies, and strengthen banking relationships
• Model Thrivent’s leadership competencies – Model the Way, Rally the Team, and Deliver Outcomes
• Support an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients
• Support a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent’s trust and reputation remain strong with its clients

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, Mathematics, Business Administration or other related course of study or equivalent work experience
• Minimum 3+ years experience in Treasury, Investments or Finance/Accounting
• Strong problem-solving skills and attention to detail due to the complexity of the function
• Intermediate technical skills in Excel
• Strong interpersonal skills and oral and written communication skills to deal effectively with internal and external business partners whether remotely or in person
• Individual must be deadline oriented with excellent organizational skills
• Resourcefulness, ability to think logically, work independently to resolve issues, and confidently present findings and recommendations
• Preferred candidate will have cash management or investments/investment accounting experience in a complex financial services organization or large corporate environment
• Experience with accounting practices, processing of financial transactions, banking-related activities, cash flow theory, investments and related terminology is strongly preferred
• Working knowledge of one of more treasury management systems is highly preferred
• Quantitative skills including financial modeling experience is beneficial

Benefits

• various bonuses (including, for example, annual or long-term incentives)
• medical, dental, and vision insurance
• health savings account
• flexible spending account
• 401k
• pension
• life and accidental death and dismemberment insurance
• disability insurance
• supplemental protection insurance
• 20 days of Paid Time Off each year
• Sick and Safe Time
• 10 paid company holidays
• Volunteer Time Off
• paid parental leave
• EAP
• well-being benefits
• other employee benefits