Treasury Analyst

Job Title: Treasury Analyst

Team: Operations

Job Location: Remote (must be located in Long Island, New York)

About Us

Join us in revolutionizing healthcare! We build software that simplifies the process of choosing the right health insurance for individuals. Our solutions help our health plan and government customers with the administration, reporting, and operational requirements of their plans. By tackling the complexities of enrollment, administration, renewal, billing, and more, we enable our customers and partners to concentrate on advancing their core missions.

Our Company Culture

Our culture is built on collaboration, innovation, and appreciation. We value each employee's unique talents and contributions and understand that every individual plays a critical role in our mission to transform healthcare. Every day, we celebrate our team's dedication, creativity, and expertise, which drive us closer to our goals.

At Softheon, our mission is making healthcare more affordable, accessible, and plentiful for every American. Our vision is that everyone can access and choose the healthcare they need.

About the Role

Softheon is seeking a Treasury Analyst to support the day-to-day management of banking and treasury activities. This role is responsible for supporting client daily cash-position oversight, revenue projections, intercompany billing, cash-flow monitoring, reconciliations, and financial reporting. 

The Treasury Analyst will partner with clients, banking partners, merchant processors, vendors, and internal stakeholders to maintain accurate financial operations, support compliance, identify variances, and improve treasury processes and controls. The ideal candidate combines sound financial judgment, strong analytical skills, attention to detail, and the ability to manage multiple priorities in a fast-paced environment. 

You Will:

Cash Management & Reconciliation

• Assist in the handling of cash management operations.
• Prepare daily, monthly, and annual cash reconciliations.
• Prepare cash flow reports and monitor cash flows on a weekly, monthly, quarterly, and annual basis to identify and evaluate variances. 

Account Administration & Client Liaison 

• Assist in account administration, including setting up clients within the banking partner’s systems and managing user setups and maintenance.
• Act as a liaison between clients and the banking partner for billing and cash flow matters. 
• Act as a liaison between clients and the Merchant Processor, including setting up and maintaining merchant accounts. 

Compliance & Audit 

• Ensure compliance with treasury management policies and procedures.
• Audit fees from Softheon’s merchant service provider and bank to ensure proper billing.
• Validate and reconcile monthly invoices from all vendors. 

Reporting & Process Improvement 

• Assist in the preparation of reports and proposals for cash management improvement. 
• Prepare cash flow reports for management to use in identifying and evaluating variances. 
• Stay current on banking/treasury trends and implement efficiencies and improvements as needed, such as Same-Day ACH payments. 

Financial Records & Documentation 

• Ensure proper retention and organization of the firm’s financial transactions and records. 
• Document and implement improvements within the Treasury department. 

Talent Management 

• Collaborate with the Talent team to actively engage in the hiring and recruitment process, including but not limited to participating in interviews. 
• Leverage industry networks and expertise to identify and attract top talent that aligns with the company's objectives and values.
• Provide guidance and mentorship to team members within your department and across diverse functions.  
• Play an integral role in shaping and reinforcing the overall company culture, promoting values that enhance teamwork, collaboration, and employee engagement. 

Additional Responsibilities 

• Must be available for on-call duty once a month during IT maintenances and then during peak periods, providing support outside of regular working hours as needed to ensure the timely resolution of critical issues.   
• Although we work in a remote-first environment, all roles require in-person attendance at our headquarters approximately 2 times per year (in addition to other travel requirements for this specific role, if applicable). These visits are essential for team collaboration, strategic planning, and fostering deeper connections across the organization. Travel arrangements will be supported to ensure a seamless experience.  
• Travel to the headquarters in Stony Brook, New York is required once a month.  
• Must be located within commutable range and reside in Nassau or Suffolk County of Long Island, New York. 
• This role requires participation in a rotating weekend-support schedule, typically one weekend per month, based on regular business and operational needs. 

You Have

Education

• Bachelor's Degree or higher in Business Administration, Economics, Computer Science, or Informational Technology. 

Experience

• 1-3 years of relevant professional experience in treasury, corporate finance, accounting, cash management, merchant services, or a related field. 
• 2 or more years of work experience in merchant services within an IT healthcare company is preferred. 
• Familiarity with Software as a Service (SaaS) environments and Azure DevOps is desired. 
• Experience analyzing, building, and maintaining financial models and reporting financial performance is preferred. 

Certifications: ( or must be obtained within 90 days)

• Lean Six Sigma Yellow Belt certification (must be willing to complete certification within first 90 days of employment, if not already certified). 
• Progress toward or completion of a Certified Treasury Professional (CTP), Chartered Financial Analyst (CFA), or Master of Business Administration (MBA) credential is a plus. 

Knowledge

• Working knowledge of cash management, financial statements, and financial analysis. 
• Understanding of health insurance finance, operations, payment card industry, and risk management is desired. 
• Knowledge of payment system transaction flows, understanding of operational, liquidity and credit risk, bank account management and general ledger is desirable. 

Skills

• Advanced skill level in Microsoft Office applications, including PowerPoint, Excel, and Word. 
• Strong organizational, critical-thinking, analytical, problem-solving, and project-management skills. 
• Excellent written, verbal, interpersonal, and stakeholder-management skills. 
• Ability to manage multiple priorities and deadlines while maintaining a high degree of accuracy and attention to detail. 

Attributes

• Self-driven, proactive, dependable, and accountable, with a continuous-improvement mindset and commitment to innovation, efficiency, compliance, and operational excellence. 
• Ability to work independently while contributing effectively in a collaborative, team-oriented environment.
• Ability to thrive in a fast-paced, deadline-driven environment with frequently changing priorities. 

What We Offer

Softheon offers every full-time employee a comprehensive compensation and benefits package including: 

• For this position we offer a base pay of $75,000-$83,000, plus equity (when applicable), variable/incentive compensation, and benefits. Please note that the base pay shown is a guideline, and individual total compensation will vary based on factors such as candidate location, qualifications, skill level, and competencies.
• Work from your home company with a one-time home office stipend
• Comprehensive benefits package that includes health, vision and dental coverage for you, your spouse and dependents
• Additional benefits, including a monthly wellness stipend and internet stipend, 401K w/ a match; immediately vested, employee assistance program, disability/life insurance, and parental leave
• 15 days to discretionary PTO based on YOS
• 9 additional paid holidays
• Referral bonuses, discretionary bonus program, spot bonuses and professional development opportunities

*Please note that candidates applying for this position must reside within the United States.

Eligibility to Work in the U.S.: We are unable to sponsor or assist with visa-related processes. Candidates must have valid work authorization to work in the U.S. without any current or future need for employer sponsorship.    

Join Softheon, and together, we'll shape the future of healthcare in America.

Are you ready to make a difference? Join us at Softheon and help revolutionize healthcare for all.

At Softheon, we embrace and celebrate diversity in all its forms as an equal opportunity employer. We strongly believe that employing a diverse workforce is key to our success. Our recruitment and hiring decisions are made solely on the basis of each candidate's qualifications, experience, and skills. We highly appreciate your dedication to our shared mission of making healthcare more affordable, accessible, and plentiful. Join us in our journey towards continually building a diverse and inclusive workplace, where everyone’s contributions are valued, respected, and celebrated.

Employment with Softheon is at-will, which means either the employee or Softheon may terminate the employment relationship at any time, with or without cause, and with or without notice. Nothing in this job description or in any document or statement shall be construed to constitute a guarantee of employment for a specified period of time.