Finance Specialist

compliance, Treasury Operations empowers campus units to handle financial transactions safely and effectively.

Job Summary

This position is within Treasury Operations in the Office of the Treasurer. The Finance Specialist is primarily responsible for initiating and verifying daily banking transactions while working with internal and external customers.

Department-Specific Responsibilities

• Initiates and verifies daily wire transfers, ACH payments, and routine bank transactions.
• Creates and maintains dashboards to track banking and credit card merchant activities, including volumes, fees, expenses, data usage, etc.
• Manages signature delegation, including maintaining and updating the delegation log to ensure accuracy and compliance.
• Completes research requests from departments, troubleshoots issues, orders supplies, and coordinates with banking partners to resolve issues.
• Reviews and validates department ACH vendor payment requests to ensure accurate routing, proper documentation, and payment security.
• Investigates returned checks, analyzes root causes, and ensures proper general ledger adjustments and account reconciliations are accurately posted.
• Maintains and updates the Daily Cash Worksheet by building complex formulas and automating calculations to ensure accurate cash visibility.
• Sends notifications to area banks to identify and address any unauthorized bank accounts.
• Troubleshoots, programs, tracks, and trains staff on banking systems and hardware.

General Responsibilities

• Performs routine independent analysis of daily cash flows, cash payments, interest charges and earnings, and other financial and cash flows metrics.
• Reconciles account statements and cash transactions; troubleshoots and corrects basic and moderately complex errors, escalating more complex errors as needed.
• Responds to employee inquiries and requests and explains fiscal policies and procedures.
• May provide organizational treasury training.

Qualifications

Combinations of related education and experience may be considered. Education beyond the minimum required may be substituted for work experience. Work experience beyond the minimum required may be substituted for education.

EDUCATION

Required

• Bachelor's degree in finance, business, or related field.

WORK EXPERIENCE

Required

• 2 years of experience in relevant field.

LICENSES AND CERTIFICATES

Preferred

• Certified Treasury Professional (CTP) upon date of hire.
• Accredited Payments Risk Professional (APRP) upon date of hire.

SKILLS

Required

• Ability to analyze and interpret financial data.
• Proficient written and verbal communication skills.
• Maintains a high degree of professionalism.
• Demonstrates time management and priority setting skills.
• Demonstrates a high commitment to quality.
• Possesses flexibility to work in a fast-paced, dynamic environment.
• Seeks to acquire knowledge in area of specialty.
• Highly thorough and dependable.
• Demonstrates a high level of accuracy, even under pressure.

Preferred

• Experience with Structured Query Language (SQL) databases.
• Experience with Power Bank Intelligence (BI).

Working Conditions / Demands

This role requires the ability to effectively communicate and to operate a computer and other standard office productivity equipment. The position involves sedentary work as well as periods of time moving around an office environment and the campus. The person in this role must be able to perform the essential functions with or without an accommodation.

Work Location

Bloomington, Indiana

This position is eligible to work a hybrid schedule (mix between remote and in-person work), subject to change based on university policy and business needs.

Advertised Salary

$59,000 - $61,460.04 annually depending upon qualifications.

Benefits Overview

For full-time staff employees, Indiana University offers a wide array of benefits including:

• Comprehensive medical and dental insurance
• Health savings account with generous IU contributions
• Healthcare and dependent care flexible spending accounts
• Basic group life insurance paid by IU
• Voluntary supplemental life, long-term disability, critical illness, and supplemental accidental death & dismemberment insurance
• Base retirement plan with generous IU contributions, subject to vesting
• Voluntary supplemental retirement plan options
• Tuition subsidy for employees and family members taking IU courses
• 10 paid holidays plus a paid winter break each year
• Generous paid time off plans
• Paid leave for new parents and IU-sponsored volunteer events
• Employee assistance program (EAP)

Learn more about our benefits by reviewing the IU Benefit Programs Brochure.

Job Classification

Career Level: Career

FLSA: Exempt

Job Function: Finance

Job Family: Capital Fin, Invest, & Treas

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Equal Employment Opportunity

Indiana University is an equal opportunity employer and provider of ADA services and prohibits discrimination in hiring. See Indiana University Notice of Non-Discrimination here which includes contact information.

Contact Us

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Telephone: 812-856-1234