Treasury - Cash Management Analyst - Senior

<p><strong>With more than 8,000 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. Interested in joining us?</strong></p>

Detroit, MI

Blue Cross Blue Shield of Michigan

When you think of <a href="https://www.bcbsm.com/" 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="http://www.bcbsm.com/index/about-us/our-company.html" 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="https://bcbsm.taleo.net/careersection/2/jobsearch.ftl?lang=en" target="_blank" rel="noopener noreferrer">Click here</a> to view open positions.&nbsp; http://www.bcbsm.com

keywords: insurance,accounting,support,consulting,prepare,maintain,administration,quality assurance,analysis,performance,organization,degree,technology,experience,professional,knowledge

Senior Analyst

Competitive Total Compensation Package

Overview: <p>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.</p>
Responsibilities: <p>Consolidate cash flow information to determine daily cash position of parent and subsidiaries.Monitor market, make short-term investment decisions, and determine borrowing needs and monitor borrowing rates.Seize optimal investment opportunities and ensure liquidity in order to meet operational requirements.Utilize treasury workstation to position cash, reconcile liquidity accounts, forecast, and disseminate reports to internal customers. Review bank account analysis statements to identify cost trends, account activity and volumes. Recommend cost saving measures to ensure that budget is contained. Prepare and maintain various reports for management.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. Maintain treasury workstation and bank account databases. Administer and adhere to corporate and departmental policies, practices and procedures. Coordinate and monitor activities within area to ensure quality customer service. Recommend and assist in the implementation of new and improved systems.&nbsp;Other duties may be assigned.</p>
Requirements: <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) desgination 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>