Konover Residential Corporation

Manager

• Lead day-to-day treasury operations across corporate, development, and residential property entities
• Coordinate the transition of several hundred corporate and property-level bank accounts to a new primary bank
• Build an account inventory and wave-sequenced transition plan with cutover dates
• Open new bank accounts, complete bank paperwork and signer authorizations, establish system access, and close legacy accounts after activity clears
• Transition agency subsidy and housing assistance payments
• Redirect resident payments, lockbox activity, mortgage and servicer debits, payroll and benefits funding, tax and escrow payments, and recurring vendor debits
• Monitor outstanding checks and recurring payments in partnership with Accounts Payable
• Re-establish positive pay, ACH filters, wire templates, user access, and bank connectivity
• Coordinate lender and legal requirements, including deposit account control agreements and security deposit account structures
• Own the transition tracker and stakeholder communication
• Ensure wire payments are processed only for vendors properly set up and approved in the ERP system
• Manage daily cash positioning and liquidity across corporate entities and the property portfolio
• Execute and oversee wire, ACH, and check workflows within approval limits
• Manage cash transfers, funding requests, intercompany activity, advance activity, bank account administration, signers, user access, and portal setup
• Monitor restricted cash, reserves, and escrows; reconcile banking activity; and manage banking relationships
• Partner with Corporate Accounting on cash entries, intercompany and advance activity, management fee cash flows, payroll funding, and billbacks
• Maintain segregation of duties and treasury policies covering payment approvals, wire and ACH controls, positive pay, and bank access reviews
• Support audits and improve control documentation
• Design future-state treasury workflows across NetSuite, Elise, Rippling, Avid, and new banking platforms
• Reduce manual workarounds, enable automated entries and integrations, and build a single source of truth for cash reporting
• Assess treasury team responsibilities, staffing, onshore and offshore capacity, and process gaps; recommend structural changes
• Take on oversight of the treasury accounting team and related security deposit banking activity over time
• Provide cash and banking data for cash forecasting, liquidity visibility, and debt reporting
• Report regularly to the Director of Corporate Finance

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