Senior Manager, Cash Reconciliation
Virginia Beach, Virginia
State: VA
City: Virginia Beach
Zip Code: 23452
Overview
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
AvalonBay is seeking a Senior Manager of Cash Reconciliation to lead a high-performing team responsible for reconciling bank and escrow accounts across the organization. This is a strategic leadership role focused on ensuring accurate financial reporting, driving process improvements, and enhancing banking system architecture in collaboration with cross-functional teams.
What You’ll Do
As the Senior Manager, you will:
Set strategic goals for the Cash Reconciliation team and align them with broader Financial Services objectives
Lead and develop a team of specialists through recruiting, training, coaching, and performance management
Oversee monthly reconciliations of bank, escrow, and petty cash accounts, ensuring resolution of discrepancies
Partner with Accounts Payable, Payment Services, and other departments to streamline workflows and improve system architecture
Manage the T-Recs system including workflow setup, rule configuration, upgrades, and vendor relationships
Monitor cash activity, approve bank transfers, and ensure compliance with internal controls and GAAP
Drive process improvements and document procedures, policies, and controls
Support internal and external audits related to cash activity.
Analyze corporate payroll accounts and prepare journal entries as needed
What You Bring
Education & Experience:
Associate’s Degree in Finance, Accounting, or related field (Bachelor’s preferred)
7+ years of relevant experience in cash reconciliation or financial services
Skills & Abilities:
Proven leadership and team development experience
Strong knowledge of GAAP and internal controls
Proficiency in T-Recs or similar reconciliation systems
Advanced skills in Excel, Word, MRI, and Salesforce
Excellent communication and cross-functional collaboration skills
Strong analytical, organizational, and time management abilities
Preferred:
Completion of T-Recs Certification Course
How AvalonBay Supports You
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We offer:
Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
Growth based on achievement and promotion from within.
Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
A 20% discount on our incredible apartment homes.
A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Additional Info
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
Job ID JR105684- You have 0 recently viewed jobs
