Cash Management and Operations Technician

Company: Farm Bureau Life Insurance Company of Michigan
Location: Lansing
Posted on: January 11, 2022

Job Description:

Farm Bureau Life Insurance Company of MichiganJob ID: 2021-3489# of Openings: 1Location: Lansing, MICategory: Accounting/FinanceCompany Name: Farm Bureau Life Insurance Company of MichiganStatus: Regular Full-TimeWork Hours: Monday-Friday, 8:00 a.m.-4:30 p.m.Salary Minimum: USD $51,869.00/Yr.OBJECTIVETo monitor and manage the cash balances of Farm Bureau Insurance bank accounts to ensure that adequate funds are available to settle operational and investment related cash outflows.RESPONSIBILITIESDetermine and maintain appropriate cash balances in Farm Bureau Insurance bank accounts and invest excess cash in preapproved money market funds. Monitor and process purchases and sales of all security transactions, including publicly traded bonds through the Depository Trust Company (DTC) system. Fund private placement and commercial mortgage settlements. Prepare daily reports on cash balances and investment activity.Maintain an understanding of corporate accounting and budgeting processes and cash flow within the organization. Develop and recommend procedures for the continuous improvement of cash flow management. Maintain ongoing communication with Accounting Department personnel regarding anticipated large fluctuations in cash flow from operations.Collect, assemble, and prepare reports for the Investment Committee and Board of Directors for all monthly, bi-monthly, quarterly, and annual reporting periods. Maintain records of all Board of Directors resolutions and Investment Committee actions related to authority to transact business, authority to wire funds, and other similar resolutions related to the Investment Division. Assist in the preparation of analytical reports used by the Investment Division and Insurance Company management.Verify, process, and document distributions and capital calls from mezzanine finance funds. Reconcile account balances with fund statements in collaboration with Accounting Department personnel and communicate with fund managers to resolve any discrepancies. Coordinate activities related to the annual Investment Division expense budget. Review actual versus budgeted investment expenses and report any areas of significant difference.QUALIFICATIONSRequired: Associate's degree in finance, accounting, or related field required. Preferred: Financial experience and demonstrated analytic experience preferred. Three or more years of accounting or finance related experience preferred. Experience with investment technology such as DTC preferred. Proficiency in Microsoft Excel preferred. Experience of Adobe Pro preferred.PM19All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.PI160431161

Keywords: Farm Bureau Life Insurance Company of Michigan, Lansing , Cash Management and Operations Technician, Executive , Lansing, Michigan