Description

Our Finance team is currently seeking a Treasury Analyst in our Worcester, MA location. This is a full time, exempt role. Position is eligible for Hybrid/Flex work arrangement.

POSITION OVERVIEW:

Performs cash management activities ranging from cash positioning, electronic funds transfer creation or execution, bank reconciliation and cash administration to banking administration, controls testing, and treasury policy implementation. Provides support for a variety of treasury functions and initiatives.

IN THIS ROLE, YOU WILL:

• Performs daily corporate cash management activities including but not limited to: determining several legal entities' daily cash balances available for investment, executing electronic funds transfers utilizing treasury workstation and online banking applications.
• Provides support for a wide variety of treasury functions and initiatives which may include cash flow forecasting, counterparty credit risk management, control testing, abandoned and unclaimed property and other compliance functions.
• Communicate with various internal areas to ensure all cash management activities are performed and in line with defined controls and requirements.
• Administer the collateral program for all Hanover subsidiaries relative to Letters of Credit cash and other securities acquired and maintained and tracked in adherence to Treasury's policies, procedures and controls relative to the collateral program.
• Act as liaison to the legal department relative to bank documentation, collateral and treasury related issues.
• Prepare documentation to open, close and update bank accounts, services authorized signatories and entitlements. Coordinate system and service implementations upgrades and training when applicable.
• Serve as a system administrator for banking portals and treasury workstation relative to system access banking entitlements, SOX compliance and other maintenance activities as required.
• Performs ad-hoc tasks and projects as assigned.

Key Success Factors / Competencies:

• Analytical Thinking - Applies analytical techniques, (e.g., separating a complex whole into its parts or elements to resolve problems or issues)
• Communication for Results - Expresses concepts (e.g., business, technical and other), ideas, feelings, opinions, and conclusions, so that others understand or are persuaded to act.
• Finance and Accounting Knowledge - Understands and applies financial and accounting principles to analyze financial results, track budgets, set pricing and rates, and report financials
• Flexibility: Easily adapts to new different or challenging situations requirements or priorities. Has an understanding and appreciation for individual differences. Works effectively with varied persons and / or groups. external clients/customers. Proactively ensures these needs are met or exceeded.
• Teamwork - Fosters an environment where individuals collaborate in pursuit of a common goal internally and externally to the team
• Thoroughness - Demonstrates careful attention to detail. Keeps tasks and responsibilities clearly defined, on schedule, and error-free. Carries tasks, assignments, etc., through to completion

WHAT YOU NEED TO APPLY:

• 0-5 years of related experience
• Bachelor's degree required
• Broad knowledge of Microsoft Office (ex: Word Excel, PowerPoint) preferred
• Experience within Treasury or a related function a plus, but not required

Physical Demands and Work Environment:

Ability to work in fast paced and stressful environment.

Ability to use a personal computer and other standard office equipment.

Ability to sit and / or stand for extended periods (75%-90% as appropriate).

Required to work on-site.

Ability to work cooperatively.

This job posting provides cursory examples of some of the job duties associated with this position. The examples provided are not complete, and the position may entail other essential and job-related functions and responsibilities that employees will be required to perform.

CAREER DEVELOPMENT:

It's not just a job, it's a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you - at every level - to grow and develop.

BENEFITS:

We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you'll enjoy what you do and have the support you need to succeed.

Benefits include:

• Medical, dental, vision, life, and disability insurance
• 401K with a company match
• Tuition reimbursement
• PTO
• Company paid holidays
• Flexible work arrangements
• Cultural Awareness Day in support of IDE
• On-site medical/wellness center (Worcester only)
• Click here for the full list of Benefits

EEO statement:

The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.

Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law."

As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: HRServices@hanover.com and include the link of the job posting in which you are interested.

Privacy Policy:

To view our privacy policy and online privacy statement, click here .

Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here .

Compensation:

The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.
Requisition #: 40853

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