Treasury Senior Representative

** At Securian Financial the internal posting title is Treasury Sr Rep **

Position Overview

This position is responsible for managing outgoing wire payments from the initial request through bank processing and final confirmation. The associate works closely with internal business units and supporting banks to ensure payments are completed accurately, timely, and according to established procedures.

In addition, the position is responsible for allocating incoming wire and ACH premium payments for the Individual business, coordinating wire returns, and providing documentation for internal and external audits.

The role requires strong attention to detail, organizational skills, knowledge of banking systems, and effective communication with internal and external partners.

Primary Responsibilities

Outgoing Wire Request Processing

• Collects and monitors outgoing wire requests received throughout the business day.
• Reviews wire requests to ensure all necessary payment information and instructions are provided.
• Determines the appropriate banking system based on the payment request and funding account.
• Enters outgoing wire payment instructions into the correct banking platform.
• Verifies payment information for accuracy before submitting the wire for approval.
• Ensures wire requests are processed timely to meet established banking deadlines.
• Communicates with business units when additional information or clarification is needed.

Wire Confirmations and Communication

• Monitors outgoing wire payments to ensure they have been successfully processed by the bank.
• Retrieves wire confirmations once payments have been completed.
• Sends payment confirmations back to the requesting business units.
• Responds to business unit inquiries regarding payment status.
• Researches any payment discrepancies or delays and communicates updates to the appropriate parties

Audit Support and Documentation

• Fulfills internal and external audit requests related to outgoing wire transactions.
• Retrieves copies of original wire requests and supporting documentation.
• Provides payment confirmations and approval documentation when requested.
• Ensures audit documentation is accurate, complete, and provided within required deadlines.
• Maintains organized payment records to support future research and audit requirements.

Incoming Wire and ACH Premium Allocation – Individual Business

• Receives incoming wire and ACH premium payment information for the Individual business.
• Reviews payment details to identify the appropriate customer, policy, or account.
• Allocates incoming premium payments to the correct source system.
• Ensures premium payments are accurately applied within established daily processing deadlines.
• Researches unidentified payments and works with the appropriate business units to resolve allocation questions.
• Assists with resolving payment discrepancies to ensure accurate cash processing.

Wire Returns and Bank Communication

• Works directly with supporting banks to coordinate the return of wire payments when necessary.
• Reviews wire return requests to determine the appropriate action.
• Communicates with business units to obtain any additional information or authorization needed to process returns.
• Coordinates with the bank to initiate or facilitate wire returns according to established procedures.
• Monitors return requests and follows up with the bank until the return is completed or otherwise resolved.
• Maintains documentation of wire return requests, bank communications, and final resolutions.

Cross-Training and Team Support

• Provides backup assistance to other Cash Unit team members during vacations, absences, and periods of increased workload.
• Participates in cross-training to ensure adequate coverage of critical payment processing responsibilities.
• Assists with researching payment transactions and resolving banking questions as needed.
• Maintains knowledge of banking platforms and internal payment processing procedures.

Daily Processing Expectations

• Monitor and collect outgoing wire requests throughout the day.
• Enter wire instructions into the appropriate banking systems accurately and timely.
• Retrieve completed wire confirmations and distribute them to requesting business units.
• Allocate incoming wire and ACH premium payments for the Individual business.
• Research and resolve payment discrepancies and unidentified transactions.
• Coordinate wire returns with supporting banks when necessary.

Qualifications

Required Qualifications:

• Strong attention to detail with a focus on accuracy and quality.
• Analytical and problem-solving skills with the ability to identify and resolve discrepancies.
• Strong organizational and time management skills to manage daily tasks and deadlines.
• Comfortable using computers and learning new systems and technology.
• Effective communication and interpersonal skills with the ability to collaborate across teams.
• Ability to learn new processes quickly and adapt to changing priorities.

Preferred Qualifications:

• Previous experience in treasury, finance, accounting, banking, or payment processing.
• Experience using financial systems, payment processing applications, or Microsoft Excel.
• Associate or bachelor’s degree in finance, accounting, business, or a related field.

#LI-Hybrid **This position will be in a hybrid working arrangement.**

Securian Financial believes that meaningful in-person collaboration is an important part of our culture. Our hybrid work model gives associates the flexibility to work both remotely and in the office while fostering connection, learning, and innovation. Associates who live within a 90-minute commute of our Home Office in St. Paul, Minnesota spend 3 or more days each week working from the office.

Preferred Skills:

$18.80 - $32.69

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job – it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

Paid time off:

• We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what’s important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian. 
• Leave programs: Securian’s flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.
• Holidays: Securian provides nine company paid holidays.

Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian’s 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members – including spouses, domestic partners and children – are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:

• Environmental Health & Sustainability
• Mental Wellness and Disability
• Pride at Securian Financial
• Securian Young Professionals Network
• Securian Multicultural Network
• Securian Women and Allies Network
• Servicemember Associate Resource Group

For more information regarding Securian’s benefits, please review our Benefits page.

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at [email protected], by telephone 651-655-5522 (voice), or 711 (Relay/TTY).

Securian Financial is a drug-free workplace.

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