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What Freddie Mac Has to Offer:
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Benefits include:
Job Type
Full Time
Job Details
At Freddie Mac, you will do important work to build a better housing finance system and you’ll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation. Position Overview: If you are a detail-oriented individual with basic accounting skills, functional understanding of cash management, and can work within defined timeframes you may be a good fit for the Multifamily Cash Management team. Our opening for a Cash Management Professional is to find the ideal candidate who enjoys working on a small team with a large impact to the Multifamily mission “To keep rental housing available across the country by providing liquidity, stability, and affordability to the market, all while delivering positive returns to our stakeholders.” Our Impact: Multifamily Cash Management team is responsible for ensuring all Multifamily activities (incoming and outgoing) are processed in a secure environment with completeness and accuracy. Additionally, provide insight to management regarding the division’s cash position through Cash Flow Forecasting. Your Work Falls into Three Primary Categories: Operations & Technology:
- Perform daily banking and cash reporting for Multifamily, including ACH management, wire transfers, and ensure all negative positions are resolved according to departmental and corporate policies.
- Complete bank reconciliations.
- Partner with Accounts Payable to ensure appropriate processing of Multifamily expense payment transactions.
- Track cash movement activities through in-house proprietary systems and external cash management banking applications.
- Process payments for receivables and payables.
- Assist with all counter-party reviews and validations as precursor to wire instruction setups and maintenance.
- Assist with maintaining the Multifamily Cash Management team’s policies and procedures.
- Participate in departmental audits.
- Provide monthly management metrics.
- Assist with cash flow forecasting of Multifamily’s transactional data.
- Serve as a departmental day-to-day contact for stakeholders in Corporate Treasury, external banking and other parts of the Multifamily Division.
- Perform daily banking and cash reporting for Multifamily, including ACH management, wire transfers, and ensure all negative positions are resolved according to departmental and corporate policies.
- Complete daily bank reconciliations. Partner with Accounts Payable to ensure appropriate processing of Multifamily expense payment transactions.
- Track cash movement activities through in-house proprietary systems and external cash management banking applications.
- Process payments for receivables and payables.
- Set up counterparty delivery instructions. Assist with all counterparty reviews and validations as precursor to wire instruction setups and maintenance.
- Assist with maintaining the Multifamily Cash Management team’s policies and procedures.
- Participate in departmental audits.
- Provide monthly management metrics. Assist with cash flow forecasting of Multifamily’s transactional data. Serve as a departmental day-to-day contact for stakeholders in Corporate Treasury, external banking, and other parts of the Multifamily Division.
- Bachelor’s degree in a related field such as Finance, Accounting or Business, or equivalent experience.
- Equivalent experience: 3 or more years of comparable work in cash management, banking operations, accounting, or accounts receivable
About the Company
Freddie Mac
Mclean, VA, United States
Careers with Impact Our mission of Making Home Possible is what motivates us, and it’s at the core of everything we do. Since our charter in 1970,... Read more