Treasury Analyst / Cash Management Analyst

Job Description

Job Description

Overview

Avanath is a real estate private equity firm focused on the preservation of affordable housing across the United States. Avanath owns and manages over 15,000 apartment units totaling $4.

0 Billion of assets under management across three investment funds. Avanath manages the investment of large institutional pension funds, retirement systems, endowments, etc.

The Role

Avanath Capital Management is a growing residential real estate investment company seeking an intelligent, self-starter that is detail-oriented and eager to help improve accounting processes.

The Treasury or Cash Management Analyst position is a new position that will be responsible for handling day to day treasury functions and transactions, monitoring cash levels at entities and coordinating cash requirements with entity owners, processing lender reserve draws, review and release of weekly payments for the portfolio, and other cash and banking functions at the corporate level.

This position is geared toward an analyst or accountant with experience monitoring and managing cash at multiple entities across a portfolio, preferably in real estate.

Strong candidates must be able to communicate with non-financial departments effectively to property forecast and maintain sufficient cash levels at all entities.

This position will require this individual to roll up their sleeves for the first few months while the newly created role is introduced to the organization and procedures are created and revised.

Qualifications

• Bachelor's degree in accounting preferred
• Understanding of and experience in residential real estate accounting concepts and principles preferred
• Yardi Voyager experience preferred, but not required
• Cash management or treasury experience would be helpful
• Excellent people skills, with a service-minded, willing-to-help, and proactive attitude
• Strong desire to improve processes and provide better property accounting services
• Exceptional organizational, interpersonal and communication skills
• Ability to prioritize, work in a fast-paced, multi-faceted environment, multi-task, and be a team player

Key Accountabilities

• Handle all banking transactions including pending and recurring book transfers and wire transfers
• Process and deposit physical (or live) checks received at the corporate office
• Create journal entries for banking transactions
• Monitor daily bank balances
• Resolve overdrawn or low cash level accounts with the Investments and Fund Accounting departments
• Planning and forecasting cash needs
• Review and commit payables for payment on a weekly and as needed basis
• Act as a liaison between Accounts Payable, Property Accounting, and Investments to resolve cash constraints and provide timely payments to vendors
• Prepare, submit, and record lender reserve draws
• Fund level intercompany reconciliations (monthly)
• Assists with development of, documents, and maintains necessary internal controls, policies and procedures regarding property accounting
• Provides ad hoc analysis, reporting, and special projects, as needed

Physical Demands & Working Conditions

• The incumbent in this is classified as essential staff and is expected to report to work and adhere to all safety and business protocols.
• This position is based out of our Irvine office.
• Frequent sitting and walking.
• Occasional travel to other business offices and events via airline, trains, and automobiles
• Repetitive use of computer, keyboard, mouse, and phone
• Reading, comprehending, writing, performing calculations, communicating verbally.
• May work in an elevated site, may walk on uneven ground.
• Occasional squatting, bending neck / waist, twisting neck / waist, pushing, and pulling.

How Avanath Supports You

We know that our teams are the heart of our success and growth, and we are committed to showing our appreciation.

We offer :

• Culture Built on Purpose and Core Values - a Commitment to Integrity, a Spirit of Caring, and a Focus on Continuous Improvement.
• Comprehensive Benefits health, dental & vision, 401(k), personal time off, paid holidays and more!
• Growth is based on achievement and an emphasis on promoting from within our ranks versus just external candidates.
• Development a commitment to creating opportunities to learn and expand your knowledge in the industry from online training platforms to training classes to one-on-one coaching.

Diversity & Inclusion

Avanath Capital is committed to fostering, cultivating, and preserving a culture of diversity, equity, and inclusion.

Our human capital is the most valuable asset we have, and Diversity, equity, and inclusion ("DEI") are at the very core of Avanath's operating and investment philosophy.

We believe that bringing together people with diverse thoughts, backgrounds, talents, and experiences at all levels of our organization, including the executive team, enables us to proactively and creatively achieve our mission to enable opportunities for hard-working American families.

The collective sum of the individual differences, life experiences, knowledge, inventiveness, innovation, self-expression, unique capabilities, and talent that our employees invest in their work represents a significant part our culture, our reputation, and our achievements.

We embrace and encourage our employees' differences in age, color, disability, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique.

Our organization's diversity initiatives include but are not limited to our practices and policies on recruitment and selection;

compensation and benefits; professional development and training; promotions; transfers; and the ongoing development of a work environment built on the premise of gender and diversity equity that encourages and enforces :

• Respectful communication and cooperation between all employees.
• Teamwork and employee participation, permitting the representation of all groups and employee perspectives.
• Work / life balance through flexible work schedules to accommodate employees' varying needs.
• Employer and employee contributions to the communities we serve to promote a greater understanding and respect for diversity.

Compensation Range

Compensation Range

$70,000 $85,000 USD