Cash Management Analyst - Senior

<p>With more than 7,000 employees, we are the largest health insurance company in Michigan. We offer an exciting work environment with a diverse group of employees. Our goal is to make health insurance easier for our members. We want to transform the industry and become a resource that people can trust.</p>

Detroit, MI

Blue Cross Blue Shield of Michigan

When you think of <a href="" target="_blank" rel="noopener noreferrer">Blue Cross Blue Shield of Michigan</a> for health insurance, you can know you&rsquo;re getting much more. We're a company founded on a tradition of affordable, quality health care for everyone, improving the present and investing in the future.<br /><br />We offer:<br />Plans for employers and individuals that meet today&rsquo;s needs, budgets and lifestyle<br />The largest network of doctors and hospitals in the state<br />Lower health care costs Higher quality health care<br />Award-winning diversity practices<br />Grants and programs that promote better health throughout Michigan<br /><strong><br />Mission:&nbsp;</strong>We commit to being our members&rsquo; trusted partner by providing affordable, innovative products that improve their care and health.<br /><br /><a href="" target="_blank" rel="noopener noreferrer"><strong>Click here</strong></a> to learn more about our commitment to our Social Mission, view company updates and reviews, and view our awards &amp; accolades.<br /><br />Learn more about your options as an external candidate. <a href="" target="_blank" rel="noopener noreferrer">Click here</a> to view open positions.

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Competitive Total Compensation Package

Overview: Responsible for daily cash position functions for BCBSM, BCN, LifeSecure, AF Group and Woodward Straits Insurance Company.&nbsp; Responsible for assuring that efficient cash management techniques and technology are utilized to maximize balances for investments, ensure adequate liquidity and optimal returns on excess cash.&nbsp;&nbsp; Responsible for monitoring bank service fees.&nbsp; Support leadership on various projects as assigned.
Responsibilities: <ul> <li>Consolidate cash flow information to determine daily cash position of parent and subsidiaries.</li> <li>Monitor market, make short-term investment decisions, and determine borrowing needs and monitor borrowing rates.</li> <li>Seize optimal investment opportunities and ensure liquidity in order to meet operational requirements.</li> <li>Utilize treasury workstation to position cash, reconcile accounts, forecast, download bank balances and transactions, and disseminate reports to internal customers.</li> <li>Review bank account analysis statements to identify cost trends, account activity and volumes. Recommend cost saving measures to ensure that budget is contained.</li> <li>Prepare and maintain various reports for management.</li> <li>Assist and provide support to assigned leadership related to implementing bank account services, maintaining multiple bank reporting systems, responding to internal customer inquiries and completing special projects.</li> <li>Maintain treasury workstation and bank account databases.</li> <li>Administer and adhere to corporate and departmental policies, practices and procedures. Coordinate and monitor activities within area to ensure quality customer service.</li> <li>Recommend and assist in the implementation of new and improved systems.</li> <li>Other duties may be assigned.</li> </ul>
Requirements: <p><strong>Qualifications:</strong></p> <ul> <li>Bachelor's Degree Finance, Accounting, Business Administration, Banking or related field is required</li> <li>Five (5) years of experience in Cash Management, Banking, Accounting or Finance is required.</li> <li>Certified Treasury Professional (CTP) designation preferred.</li> <li>Detailed knowledge of all applicable corporate policies, procedures and processes is required.</li> <li>Good organizational, planning, analytical, verbal and communication skills.</li> <li>Proficient with Microsoft Office software (i.e. Excel) and applications.</li> <li>Other related skills and/or abilities may be required to perform this job.</li> </ul> <p>&nbsp;<strong>Departmental Requirements</strong></p> <ul> <li>Cash positioning experience highly preferred.</li> <li>Hours: Monday to Friday - 8:00am to 5:00pm.</li> </ul>