Cash Management Associate I

Lensa
Lansing, MI

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If you are hired to this position, you will be employed by Magnit Global. You will not be employed by City National Bank.

The Opportunity

The Cash Management Associate perform day-to-day cash disbursement functions according to Firm standards.

The Responsibilities

  • Maintain close communication with agent banks and business units to ensure smooth payment execution
  • Handle cash disbursement enquires and internal investigation
  • Providing Funding Support to Treasury across all product lines including Fixed Income, Money Market, Derivative, Structured Product, Broker dealer, Loans and other trading groups
  • Validating projected balances and confirming real time positions including intraday liquidity
  • Analyzing cash positions, general ledger and balance sheets of trader's portfolios to ensure appropriate funding
  • Ensuring correct cost of carry allocation applied to respective business lines
  • Communicating with various departments of the bank regarding positions, specific transactions and related cash movements Interfacing with multiple front office areas regarding daily cash requirements and balances
  • Providing assistance to traders regarding late trades/position management for all in scope currencies, supporting the Global FX initiative


The Qualifications

  • Accounting principles and transactions experience
  • Microsoft Office experience
  • PC for Windows experience
  • SAP software experience
  • Knowledge of Bank and Industry Codes of Conduct
  • Accounting experience
  • Treasury experience


This is the pay range that Magnit reasonably expects to pay for this position: $18.68/hour - $20.03/hour

Benefits: Medical, Dental, Vision, 401K

QUALIFICATION/LICENSURE

Work Authorization : Green Card, US Citizen, Other valid work visa

Preferred years of experience : 1 years

Travel required : No travel required

Shift Timings

If you have questions about this posting, please contact [email protected]
Posted 2025-11-18

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