Old Republic Title

Job Description:

The person selected for this position will have an outstanding opportunity to monitor the money our company holds and manages. In the role, you will monitor our bank accounts, service charges, interest rate changes, and short-term corporate investment opportunities. You will work with the treasury team as they manage and review banking relationships and conduct a wide variety of analytical and reporting tasks. You will be at the heart of our financial controls system.

• This is a hybrid-office position and regular attendance in Minnetonka, MN is required. Remote applicants are not being considered.
• This position is especially well suited to a person with some banking job experience.

ESSENTIAL FUNCTIONS:

• Responsible for accumulating bank statements and analysis statements for both depository and escrow accounts. Analyze both the number of balances maintained and the banking service volumes/costs incurred. Make recommendations to the Treasurer as appropriate.
• Review bank agreements, bank account documents and bank service documents. Resolve all questions with the bank and/or internal corporate departments and make recommendations to the Treasurer. Monitor company bank accounts for compliance with the Company Bank Policy.
• Monitor the short-term investment of both corporate and escrow cash to maximize investment return opportunities within the Company’s stated risk parameters. Review monthly reports, ensure accuracy and make changes or recommend changes to the Treasurer as appropriate.
• On an ongoing basis, review the financial controls utilized for treasury operations workflow at all Company locations. Report any questions or concerns and make recommendations to the Treasurer.
• Review all Treasury Services on all bank accounts to ensure service is needed and if so, bank fee is in line. Monitor changes in bank services and bank fees. Resolve questions with the bank and pass needed information to company locations.
• Maintain, review and renew maturing securities for state deposit held by the bank. Monitor fees and income for each state.
• Review monthly note report and report findings to Treasurer. Contact assigned rep about missed payments and pending note maturities. Prepare maturity notice letter to agent.
• Company contact/Security administrator for various online banking products for locations. Create/reset users IDs, set up services for users, order and log bank tokens and plan mass transition updates to websites.
• Monitor and review current and potential bank ratings using various rating agencies. Prepare quarterly bank rate report for Treasurer.
• Support the Treasurer by performing other miscellaneous banking and treasury analysis projects as requested.
• Resolve check printing, MICR print and other check processing problems.
• Work with Cash Expeditor and Treasurer to complete semi-annual Treasurer Report.
• Act as back-up support to the Cash Expeditor. Verify and release ACH and wire transfers as necessary.
• Annually prepare 1099 interest paid information for distribution to the IRS and each borrower.

ESSENTIAL FUNCTIONS CONTINUED:

• Ability to work from 8:00 a.m. to 4:30 p.m. Monday through Friday.
• Must be personable, positive and a professional representative of the Company.
• Regular consistent attendance is required, that could include attendance at after hour Company events.
• Ability to accept supervision.
• Ability to foster, develop and maintain professional and collaborative working relationships. Must be able to get along with others, i.e., peers, supervisors, outside customers, and vendors.
• Ability to interact effectively and professionally with all levels of management, employees and customers by email, phone and in person.
• Ability to work overtime as requested and approved by supervisor.
• Perform other duties as assigned by supervisor.

KNOWLEDGE/SKILLS/EXPERIENCE REQUIRED:

• Post high school diploma is required; a college degree is preferred.
• 1-2 years of experience working in a bank is strongly preferred..
• Knowledge and experience with bank processing functions, bank cash management products, bank account analysis statements, corporate cash management systems/procedures, short-term investment products, internal financial controls for treasury operations and principles of corporate accounting are all preferred.
• Requires experience in a multi-task environment requiring objectives to be accomplished quickly and accurately.
• Microsoft Word, Excel, and Access experience required.
• Requires the ability to effectively communicate both verbally and in writing with many levels of management. Requires the analytical skills necessary to accomplish problems solving tasks.
• Generally, a desk job with hybrid (work from home and in the office) environment.
• Ability to meet tight deadlines and to perform work accurately is required.
• Ability to concentrate on detail 90% of the time.
• Excellent verbal and written communication skills.
• Excellent interpersonal and customer service skills.
• Ability to prioritize and handle multiple projects.
• Strong attention to detail and organizational skills.
• Proficient in Microsoft Office Suite and Outlook.

#LI-JK1

#LI-Hybrid

The estimated pay range stated represents the typical pay range for this position or similarly employed employees or employees performing substantially similar work. Factors which may be used to determine the actual pay rate may include, but are not limited to, education, training or experience; seniority; merit and work performance; quantity or quality of production; regional differences in compensation; differences in local minimum wages, or ability and effort.

Position's Pay Range:

$24.00 to $29.00 per hour.

Benefits may include:

• Comprehensive medical, prescriptions, dental and vision plans
• 401(k) plan with a discretionary company match
• Shareholder Purchase and Reinvestment Plan
• Basic life and accidental death and dismemberment insurance premium paid by the company
• Voluntary supplemental life insurance for employees, spouses and dependent children
• Fertility and Family Building Benefits
• Paid Disability benefits
• Paid time off programs
• 11 Company paid holidays per year
• Flexible spending account
• Health savings account (available to High Deductible Health Plan participants only)
• Employee Assistance Program
• Educational Assistance Program
• Voluntary benefits, such as Critical Illness, Hospital Indemnity, Pet Insurance and Accident Insurance
• Title insurance policies and certain escrow services for the employee’s primary personal residence at no charge
• Transportation benefit plan for mass transit, parking and vanpool, in several markets

Note: If you currently are employed by Old Republic Title (or one of its wholly owned affiliated companies) please get in touch with your human resources representative regarding the application process.

For California applicants, please click the following link to view our CCPA Applicant Notice

Old Republic Title is an Equal Opportunity Employer