Senior Accountant Treasury

Position Summary

The Senior Treasury Analyst is a specialized, high-ownership role responsible for the banking infrastructure, deposit operations, and debt and tax increment financing (TIF) accounting across our managed community portfolio. This individual serves as the subject matter expert for all treasury and financing-related accounting activity, working closely with community operators, ownership groups, lenders, and the broader accounting team. The role requires strong organizational skills, an eye for detail across a complex multi-entity portfolio, and the ability to maintain accurate records while navigating multiple banking relationships simultaneously. This role includes one direct report and offers a meaningful opportunity to develop leadership and mentorship skills within a collaborative accounting team.

Salary Range - $80,000 - $90,000

Hybrid based in St. Louis Park, MN

Position Functions and Responsibilities

Banking Setup & Management

• Coordinate the setup, maintenance, and closure of bank accounts for newly managed and transitioning communities, managing relationships across a broad network of banking partners.
• Serve as the primary internal point of contact for banking administration, including authorized signers, online access provisioning, and account structure changes.
• Maintain accurate and current records of all banking relationships across the portfolio, including account numbers, signatories, and contact information.
• Partner with community Executive Directors and external banking partners to ensure banking infrastructure is in place and functioning ahead of community transitions or openings.

Remote Deposit & Deposit Operations

• Coordinate and oversee remote deposit capture processes across managed communities, ensuring proper setup, training guidance, and compliance with banking partner requirements.
• Serve as backup for physical deposit processing, stepping in to ensure continuity of deposit operations as needed.
• Monitor and resolve remote deposit exceptions, holds, or issues in coordination with community staff and banking partners.

Monthly Bank Account Reconciliation

• Review monthly bank account reconciliations across the managed community portfolio, ensuring all accounts are reconciled timely and accurately as part of the month-end close process.
• Investigate and resolve reconciling items, coordinating with accounts payable, accounts receivable, and community staff as needed.
• Maintain reconciliation documentation and support audit requests related to cash and banking activity.
• Identify and escalate unusual banking activity or reconciling items that may indicate errors, fraud risk, or process breakdowns.

Debt Accounting & Tax Increment Financing (TIF)

• Own the full cycle of debt accounting for the managed portfolio, including loan setup, amortization schedule maintenance, interest accruals, and principal payment tracking across multiple lenders and ownership structures.
• Prepare and maintain monthly debt reconciliations, ensuring all debt positions are accurately reflected in the financial statements.
• Manage all TIF-related accounting activity, including recognition of TIF receivables, reconciliation to TIF authority schedules, and coordination with ownership groups and legal counsel on TIF agreement terms.
• Monitor debt covenant compliance reporting requirements and coordinate with senior leadership and ownership groups to ensure timely delivery of required lender deliverables.
• Support annual audit preparation related to debt, financing arrangements, and TIF activity, including preparation of footnote schedules and supporting documentation.
• Maintain a current and comprehensive debt schedule for the portfolio, serving as the definitive internal reference for all financing activity.

Additional Responsibilities

• Support month-end and year-end close processes, contributing to the broader accounting team's deliverables as needed.
• Participate in due diligence and onboarding processes for new communities, particularly related to banking transitions and assumption of existing debt.
• Contribute to the development and documentation of accounting policies and procedures related to treasury and debt functions.
• Other duties as assigned by the Controller or Senior Director of Accounting.

Qualifications

Required

• Bachelor's degree in Accounting, Finance, or a related field.
• 3-5+ years of progressive accounting experience, with demonstrated ownership of reconciliation or treasury-related functions.
• Strong understanding of bank reconciliation processes, cash management, and debt accounting (amortization, interest accruals, covenant tracking).
• Proven ability to manage multiple priorities and relationships in a high-volume, multi-entity environment.
• High proficiency in Microsoft Excel; comfortable working with large datasets and reconciliation workpapers.
• Strong attention to detail, organizational skills, and follow-through on complex, ongoing responsibilities.
• Effective communicator with the ability to work cross-functionally with community operators, ownership groups, and lenders.

Preferred

• Experience in senior living, long-term care, healthcare, real estate, or property management accounting.
• Familiarity with TIF financing structures and related accounting and reporting requirements.
• Experience working with multiple banking partners simultaneously across a distributed portfolio.
• CPA or CPA candidate preferred.
• Experience with accounting systems commonly used in senior living (e.g., Sage IntAcct, PointClickCare, August Health).

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