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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