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Operations Accounting Associate

Company: StoneX Group
Location: Kansas City
Posted on: May 28, 2023

Job Description:

Overview:Position Purpose: The primary purpose of this role is to ensure the controlled execution of SCS policies and procedures for cash management, accounts payable and accounts receivable activity. In addition, contribute to the daily completion of SCSs borrowing base and communication with the lending bank. The Accounting Operations Professional will verify and approve all outgoing SCS payments and title documentation releases, and will reconcile its daily cash postings, nettings, and FX exchanges. This position ensures effective operational risk management of SCSs cash activity/collateral releases. Key expertise driven decisions will be made daily to assist with funding the business. Responsibilities:Primary Accountabilities/Responsibilities:

Verifies, approves, and processes all domestic and foreign payment transactions.Records and applies cash received to customer invoices.Leads research and problem solving of discrepancies in accounts payable and accounts receivable activity.Performs daily GL entries of cash movements as needed. Performs daily bank reconciliation including all cash transactions for all currencies.Directs and initiates all FX funding requirements, USD/FX cash buy/sell for all approved currencies.Leads the month end CTRM system close processes ensuring accurate close of the month end system snapshot.Executes margin calls with the futures and swap division as well as specific customers. Responsible for the calculation and submission of state grain check off taxes per requirements.Updates daily borrowing base with cash balances to help determine daily availability.Corresponds with lending bank on borrowing base submissions, borrowing requests, paydowns and loan interest invoices.Submits and monitors customer invoices sold to banks per A/R financing arrangements.Reviews, dual approves and releases collateral documentation to customers when requiredProvides input and direction to system vendor to enhance efficiency and effectiveness of CTRM System.Leads collaboration effort internally to monitor unapplied cash balances.Reviews policies and procedures annually to ensure adequate SOX controls of Accounts Payable and Accounts Receivable Maintain and retain orderly records of reconciliations, exhibits, notices, etc. from the tasks noted above.This list of responsibilities may not be all-inclusive and can be expanded to include other duties or responsibilities as needed. Qualifications:Job Requirements:
Bachelors Degree in Accounting or Finance -OR- 10+ years of relevant work experience in accounting or finance. Strong Leadership Skills & proven ability to collaborate cross-functionallyExperience training a team of employeesExperience designing and overseeing efficient and controlled cash management processesAbility to multitask and prioritize multiple projects in a busy, demanding environment.Proven analytical problem-solving capabilityDetail oriented with excellent organizational skills Ability to multitask and prioritize multiple projects in a busy, demanding environment.Proficient knowledge of Microsoft Word and Excel. Class: Full-time, ExemptPhysical requirements/Working conditions:
Climate controlled office environment.Minimal physical requirements other than occasional light lifting of boxed materials

Keywords: StoneX Group, Kansas City , Operations Accounting Associate, Accounting, Auditing , Kansas City, Kansas

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