Cash Operations Analyst

Description:

A Cash Analyst at a self-service salvage company is primarily responsible for managing daily cash operations, optimizing cash flow, reconciling cash receipts, and maintaining accurate cash records. This role requires precision, strong analytical skills, and close collaboration with the accounting and operations teams to ensure smooth and secure financial transactions within the yard's unique operating environment (handling high volumes of cash and digital payments). Job Summary The Cash Analyst ensures the efficient and accurate handling of all monetary transactions for the salvage company. They will manage daily cash positioning, reconcile bank statements, monitor cash flow activity, and help implement cash management best practices to mitigate risk and optimize liquidity.

Key Responsibilities Daily Cash Management:

Monitor daily cash balances and manage cash position to ensure adequate liquidity for operational needs. Prepare daily, weekly, and monthly cash flow reports and forecasts for management. Initiate electronic payments, wires, and transfers (ACH) as needed.

Reconciliation and Reporting:

Perform daily reconciliation of all cash receipts from point-of-sale (POS) systems, bank deposits, and credit card processors. Investigate and resolve any discrepancies between recorded sales, cash on hand, and bank statements promptly. Prepare and maintain documentation for all cash-related transactions for audit purposes.

Operational Support and Compliance:

Collaborate with yard managers and front-office staff to enforce proper cash handling procedures and internal controls. Ensure compliance with all company policies regarding cash security, handling, and deposit frequency. Support implementation and maintenance of POS systems and credit card processing technology.

Process Improvement and Analysis:

Analyze cash flow trends and identify opportunities for optimization or efficiency gains. Assist in the budgeting process by providing historical cash flow data and future projections. Support the accounting team with month-end close procedures related to cash and accounts receivable.

Requirements:

Qualifications Bachelor's degree in accounting, Finance, Business Administration, or a related field (preferable but not required) 2+ years of experience in cash management, treasury operations, accounts receivable, or general accounting, preferably within a retail or industrial environment. Strong proficiency in Microsoft Excel (pivot tables, VLOOKUPs, etc.) and experience with accounting software and cash management systems. Familiarity with point-of-sale (POS) systems and credit card processing platforms. High level of attention to detail and accuracy in data entry and reconciliation processes. Excellent analytical and problem-solving skills. Strong communication and interpersonal skills, with the ability to work effectively with various operational teams. Ability to work independently, prioritize tasks, and manage time effectively in a fast-paced setting.