Assistant Treasurer

Assistant Treasurer

MassPay (Massive Commerce Ltd.) I Finance/ Treasury

Reports to: Director of Finance/ Treasurer I Employment: Full-Time

Position Overview

MassPay is seeking a highly organized, detail-oriented, and proactive Assistant Treasurer to support the company's global treasury operations. As a financial technology company operating in the global payments industry, MassPay manages complex financial transactions across multiple banking institutions, currencies, and payment processing partners.

The Assistant Treasurer will help manage daily cash movements, monitor liquidity, execute approved fund transfers, and ensure sufficient funding across global banking and payment networks. This position requires strong analytical skills, exceptional attention to detail, and the ability to work efficiently in a fast-paced environment where accuracy, accountability, and timely execution are essential.

The ideal candidate is comfortable managing multiple financial accounts, coordinating with banking partners, and identifying potential funding issues before they affect business operations.

Key Responsibilities

1. Daily Treasury Operations

• Assist with daily treasury activities across domestic and international banking institutions.
• Monitor cash balances and transaction activity across bank accounts, payment processors, and financial partners.
• Prepare and initiate domestic and international wires, ACH transactions, and internal transfers in accordance with approval controls.
• Help maintain sufficient liquidity at payment processors and funding partners.
• Track incoming and outgoing funds, settlements, and daily cash positioning.
• Maintain transaction records; identify and escalate discrepancies or potential funding shortages.

2. Cash Management & Liquidity

• Prepare and maintain daily cash position reports across banking and payment platforms.
• Assist with short-term cash forecasting and liquidity planning.
• Coordinate approved transfers between accounts to meet operational funding requirements.
• Anticipate funding needs using transaction volumes, settlement schedules, and historical trends.
• Support cash reserve planning across multiple currencies and identify opportunities to reduce idle balances.

3. Banking & Payment Processor Management

• Communicate with banks, payment processors, and financial service providers regarding treasury activities.
• Coordinate funding requests, wire confirmations, and settlement inquiries.
• Follow up on delayed, pending, or rejected transactions.
• Assist with account administration, beneficiary onboarding, and approved payment instructions.
• Maintain banking records and help resolve funding discrepancies with external partners.

4. Foreign Exchange & International Payments

• Assist with currency conversions and foreign exchange transactions.
• Monitor foreign currency balances and funding requirements.
• Coordinate approved FX trades with banking and liquidity providers.
• Track exchange rates, transaction costs, and settlement confirmations.
• Support international payment operations and maintain accurate FX transaction records.

5. Treasury Reporting & Reconciliation

• Prepare daily and weekly treasury reports for management.
• Maintain cash movement logs and supporting transaction documentation.
• Coordinate with Accounting and Reconciliation teams to investigate discrepancies.
• Identify unmatched transactions, delayed settlements, and account balance variances.
• Support month-end and year-end reporting and maintain Excel-based analytical tools.

6. Risk Management & Internal Controls

• Follow treasury policies, authorization procedures, and financial controls.
• Ensure transfers are properly documented, reviewed, and approved before release.
• Monitor unusual activity and escalate potential fraud, liquidity, or operational risks.
• Support treasury audits and compliance documentation.
• Safeguard sensitive banking and financial information.

7. Process Improvement & Automation

• Identify ways to streamline workflows and reduce manual processing.
• Develop and maintain standardized treasury procedures and documentation.
• Improve reporting accuracy through Excel, automation, and financial tools.
• Support onboarding of banking partners and payment platforms.
• Collaborate with Finance, Accounting, Operations, and Technology on treasury improvements.

Required Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field; equivalent relevant experience may be considered.
• 2-5 years of experience in treasury operations, cash management, banking, payments, or a related financial function.
• Strong Microsoft Excel skills, including formulas, pivot tables, and data analysis.
• Experience with wire transfers, ACH payments, and banking platforms.
• Understanding of liquidity management and financial transaction processing.
• Excellent organizational, communication, and problem-solving skills.
• High accuracy, sound judgment, confidentiality, and ability to work independently.

Preferred Qualifications

• Experience in fintech, payment processing, financial services, or banking.
• Familiarity with international payments, FX transactions, and settlement cycles.
• Experience working across multiple banks, processors, and financial accounts.
• Advanced Excel skills, including XLOOKUP, SUMIFS, Power Query, and financial modeling.
• Familiarity with digital asset settlement platforms and treasury management systems.
• Experience in high-volume, time-sensitive funding environments.

Key Competencies

• Accuracy & Accountability: Handles financial transactions with precision and ownership.
• Problem-Solving: Investigates issues and proactively recommends solutions.
• Time Management: Prioritizes competing deadlines and urgent transactions.
• Communication: Works effectively with internal teams and external partners.
• Adaptability: Performs well as operational requirements change.
• Risk Awareness: Respects controls, security, and approval procedures.

Performance Expectations

• Timely, accurate execution of approved treasury transactions.
• Sufficient funding across assigned banking and payment platforms.
• Accurate daily cash position reporting and early escalation of liquidity concerns.
• Reduction in unresolved discrepancies and settlement delays.
• Consistent adherence to controls and documented procedures.
• Increasing independent ownership of assigned treasury activities.
• Measurable improvements in operational efficiency.

Career Development

This position offers the opportunity to build expertise in global treasury management within a growing financial technology organization. As the Assistant Treasurer demonstrates proficiency, responsibilities may expand to greater ownership of banking relationships, liquidity planning, treasury reporting, and process improvements.

Pay: $65,000.00 - $75,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off

Work Location: In person