Careers – FOMBPR

Cash Senior Associate

Job Description

Performs multiple diverse and complex accounting and financial management duties. This position involves the comprehensive collection, recording, and analysis of data and documents from government agencies and financial institutions. Responsibilities include running data queries, preparing confirmations, reconciling cash balances, and maintaining accurate records. Additionally, the role entails preparing financial reports, assisting with accurate financial reporting, and supporting ongoing analyses of financial statements. Collaboration with internal teams and fostering strong relationships with external parties are also key aspects of this role. 

Essential Role and Responsibilities

  • Collect large amounts of data, documents, and information from government agencies and financial institutions.
  • Record information from documentation received from government agencies and financial institutions in reporting system.
  • Run data queries, extract bank information reports, and execute non-technical system maintenance and configuration tasks in cooperation with technology specialists.
  • Prepare quarterly confirmations and multiple requests to government agencies and financial institutions.
  • Confirm cash balances with government agencies and financial institutions.
  • Compare cash balances to prior periods and explain material fluctuations.
  • Maintain accurate records and appropriate documentation: e.g., bank statements, agencies’ authorization letters, cash restrictions’ supporting documents, among others.
  • As applicable, prepare information for external counsel required for them to make determination on legal restrictions of funds.
  • Summarize cash balances according to legal restriction categorization.
  • Prepare periodic financial reports and present summary and findings to management.
  • Assist with accurate financial reporting.
  • Support the continued analyses of financial statements, trial balances, treasury and fund flow reports, agencies’ reports, accounting, and bank transaction detail, among others, to identify additional relevant cash accounts.
  • Assist with data mapping and data reconciliation operations to identify other systems or sources that potentially contain account information.
  • Foster a strong working relationship with internal teams and provide full support to their requests/needs; foster strong working relationships with external parties who provide information.
  • Other job-related duties as required.

Key Relationships

Internal Relationships

Daily contact with the Directors, Managers, and staff to achieve the objectives of PROMESA.

External Relationships

Frequent contact with consultants, government agencies, attorneys and other stakeholders as needed.

Supervisory responsibilities

This position does not involve supervisory responsibility.

Requirements for the position

To successfully perform this position, an individual must be capable of performing each essential task in a satisfactory manner. The following requirements represent the required knowledge, skills, and/or capacity. Reasonable accommodation may be made to allow individuals with disabilities to perform essential tasks.

Education and Experience

  • Minimum of a bachelor’s degree in accounting or finance
  • A minimum of three to five years of combined experience in Consolidation and financial analysis, reconciliation, and correction of data, collect and summarizing data to structure reports.
  • Advanced knowledge of Excel program software.

Skills and Competencies

  • Ability to prepare presentations using detailed reports and charts.
  • Excellent analytical skills & critical thinking.
  • Ability to collaborate with other members of the team, as well as with stakeholders and the public.
  • Ability to think strategically and provide innovative solutions to complex problems.
  • Ability to analyze data and situations, independently develop, effectively present, and propose, and successfully implement solutions and alternatives.
  • Understanding of financial law and regulations as well as an analytical understanding of PROMESA.
  • Government experience is a plus +
  • Ability to manage complex and confidential information with discretion.
  • Communicates effectively and professionally in both written and oral form in English and Spanish.

Additional information

Physical Demands

The physical demands described herein represent those to be fulfilled by an employee to successfully perform the essential tasks of this position. Reasonable accommodation may be reached to allow individuals with disabilities to perform essential tasks.

While carrying out the tasks of this position, the employee is normally sitting, using his hands to hold or feel and grasp objects; the employee will often stand, walk, talk, and listen. Specific vision skills required for this job include close-up and color vision.

Working environment

The features of the working environment described herein represent those found by the employee while performing the essential tasks of the job. Reasonable accommodation may be made to allow individuals with disabilities to perform essential tasks.

While carrying out tasks in this job, the employee is not exposed to the environmental conditions of work. Noise levels in the workplace are generally low.

Health, safety, and environmental requirements

The occupant of this position must strictly comply with all health, safety and environmental policies and procedures and must actively participate in related activities of the organization. The occupant of the position will also be trained in any specific procedures and regulations applicable to the position, if needed.

This description is based on a management evaluation made in accordance with the requirements and tasks of the position as of the date of preparation of the description. This description is a general guide for the employees, managers, and colleagues, and does not include an exhaustive list of all elements and details of the job. Management reserves the right to modify this description at any time or change the tasks and responsibilities on a temporary or open-ended basis to meet objectives, timetables and recruiting goals.

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