What is the Position? Evercore is looking to hire a driven Senior Associate to join the Finance Cash Management team.
Primary Responsibilities: This individual will be reporting directly to the Managing Director. The primary focuses of this role is to manage daily cash operations and cash forecasts for US/Canada/Israel. The ideal candidate will be detail-oriented, proactive and eager to learn. The Senior Associate’s primary responsibilities will include, but are not limited to, the following:
- Manage daily cash management activities, including monitoring cash positions to ensure sufficient funding for daily operations and upcoming commitments
- Process domestic/foreign payments (i.e payroll, tax, distributions, interest payments) for US/Canada/Israel entities via Kyriba and various bank portals.
- Perform verbal/written confirmation for external payees and create/maintain wire templates in Kyriba
- Process internal transfers (i.e fund payroll) and intercompany settlements (monthly/quarterly)
- Monitor cash disbursements to ensure proper receipt by third parties, escalating issues when necessary
- Assist in identifying and processing receipts (i.e client fees)
- Responsible for preparing and updating cash forecasts for US/Canada/Israel in Kyriba. This will require establishing relationships with business units and corporate groups (i.e HCG, Tax) to obtain accurate cash requirements for the future
- Monitor account balances/cash flow activities in Kyriba to ensure data accuracy
- Add cash flows to Kyriba for non-integrated accounts
- Record financial transaction purchases and maturities/sales (i.e T-bill) in Kyriba
- Coordinate with the Treasury team to align cash forecast details for weekly management reports
- Assign budget codes to cash flow activities in Kyriba
- Maintain accurate bank information (i.e account numbers, routing numbers, contact information) in Kyriba
- Process check deposits remotely, research deposits/withdrawals that were returned or not received by recipient
- Daily monitoring of ACH and check Positive Pay exceptions in bank portal and address exceptions timely
- Review outstanding checks and reconcile outstanding cash activities to ensure issues are resolved in a timely manner
- Responsible for preparing and completing bank forms (i.e account openings, update signers, KYC paperwork)
- Act as the facilitator for all banking inquiries
- Support month-end and quarter-end closing processes (i.e bank to GL reconciliation)
- Assist in gathering and providing support to internal and external auditors
- Proactively identify opportunities for process automation and efficiency improvements
- Perform ad-hoc reporting as requested
Specific Qualifications:
- B.A. in Finance or Accounting required
- 5-7 years of work experience (preferred)
- Knowledge of cash management principles and banking operations
- Proficiency in MS Office Suite, particularly Excel (including pivot & vlookup)
- Kyriba experience (preferred)
- Workday ERP (preferred)
- Self-starter/proactive/takes initiative/eager to earn
- Strong analytical and problem-solving skills
- Team player/effective collaborator
- Excellent written and verbal communication skills
- Strong organizational skills and attention to detail
- Ability to multi-task
- Ability to work independently and escalate issues when necessary
About Evercore: Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic significance to boards of directors, management teams, and shareholders - including mergers and acquisitions, shareholder advisory, restructurings, and capital structure. Evercore also assists clients in raising public, private capital, delivers equity research, equity sales and agency trading execution, in addition to providing wealth and investment management services to high-net-worth individuals. Founded in 1995, the Firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in North America, Europe, the Middle East, and Asia. For more information, please visit www.evercore.com.
Inclusion and Equal Opportunity Employment: Evercore is an equal employment opportunity employer and does not discriminate against individuals because of actual or perceived race, color, creed, religion, sex, pregnancy, national origin or ancestry, mental or physical disability, age, veteran status, military status, citizenship status, sexual orientation, gender identity or expression, genetic information, or immigration or citizenship status, or any other characteristic protected by applicable law (referred to as “protected status”), in accordance with applicable federal, state and local laws.
Expected Base Salary Range: $115,000 - $120,000
In addition to a competitive base salary, employees may be eligible to receive a discretionary bonus delivered in the form of cash and/or deferred equity. Evercore also offers a variety of benefits and programs, subject to eligibility. These include, but are not limited to:
- Medical, prescription, dental, and vision insurance, including healthcare savings and reimbursements accounts
- 401(k) Retirement Plan
- Life and disability insurance, including additional voluntary financial protection insurance
- Well-being resources and programs, including mental health and mindfulness programs, digital wellness platforms, well-being events, and targeted on-site health services
- Family-building and family-support benefits
- Paid parental, caregiver, marriage and bereavement leave
- Commuter benefits, health club membership discounts, and other corporate discounts
- Paid holidays, vacation days, personal days, sick days, and volunteer opportunities
