Business Unit Description
AARP is a nonprofit, nonpartisan organization, with a membership of nearly 38 million that helps people turn their goals and dreams into ‘Real Possibilities’ by changing the way America defines aging. With staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, AARP works to strengthen communities and promote the issues that matter most to families such as healthcare security, financial security and personal fulfillment. AARP also advocates for individuals in the marketplace by selecting products and services of high quality and value to carry the AARP name. As a trusted source for news and information, AARP produces the world’s largest circulation magazine, AARP The Magazine and AARP Bulletin.
Financial and Operational Services (FOS) manages AARP’s multi-year financial planning, budgeting and forecasting; treasury and investments; tax reporting and planning; and accounting and financial reporting activities. The division provides project management and training and support for the systems used to manage AARP’s money and assets.
This position will support the daily reconciliation functions including daily balancing of millions of dollars from various revenue and donation streams, membership company billing, and utilizing expertise in treasury financial analysis and reconciliation to optimize these daily functions. The primary focus of this position is accounting for AARP’s Foundation and Advocacy banking activities and various system reporting including Konnex and BI (business intelligence) and working with our banking partners, Bank of America, JP Morgan Chase, BNY Mellon, and others such as the Optima, Paymode, Cybersource and Paymentech systems. The Treasury Reconciliation team relies on the banking and systems for key daily Treasury Reconciliation activities such as donation banking, analyzing payments and bank account management. Support various audits including AARP Magazine, check printing, deferred dues, membership revenue and Foundation and Advocacy donations audits. Support booking membership revenue via Remittance Reconciliation System. A successful candidate will be the lead on transition of the Foundation and Advocacy reconciliation to robotics automation and able to execute testing and system recommendation functional configurations and not limited to problem solving as well as look for improvements in utilization and efficiencies.
- Perform the daily Treasury reconciliation of memberships and donations deposits by AARP, Foundation Donation, Advocacy, United Health Care, New York Life, e-checks, credit cards, and Paymode banking activities including monitoring bank balances and system reporting utilizing reports from Deluxe, BNY Mellon, Ciboodle and BI and related online banking programs.
- Ensure that all payments made by AARP (Paymode) and to AARP are processed appropriately. As the treasury analyst, you will reconcile cash, checks, wire, digital payments, or account reconciliations, as well as fix any unresolved discrepancies through the use of transaction reports and collaborating with technical support.
- Supports Grant Thornton and Alliance for Audited Media (AAM) annual audits for Foundation and Advocacy, AARP Magazine, Check Printing, and Deferred Dues and Membership Revenue where necessary.
- Primary support for Treasury’s robotic Revenue Reconciliation and Settlement System for daily revenue recognition to the General Ledger from across the various revenue streams.
- Prepare company membership invoices and track incoming payments and paperwork. Manage the status of accounts and balances and identify inconsistencies. Ensure all clients remain informed on their outstanding debts and deadlines. Re-issue receipts and invoices as required.
- Assists with design, development, implementation of the Foundation and Advocacy and a new Treasury robotic system including participation in system enhancements, upgrades and new features.
- Validates and maintains data, mapping rules, accounting rules, administrative configurations, user setup and process flows within new systems.
- Work closed with business stakeholders to develop solutions based on business needs
- Facilitate and manage Treasury projects as needed including any ad-hoc requests
- 5+ years of experience in Treasury Management, Treasury Systems management, Accounting
- Bachelor’s degree in accounting preferred or equivalent preferably in Finance, Computer Science, Engineering, Math or a related field; MBA, CTP a plus
- Functional knowledge of core Treasury processes, including cash reconciliation, reporting, bank, account management, payments, and accounting
- Functional knowledge of core Finance processes, including accounts payable, general ledger, and merchant account setup
- Prior experience with Paymentech, Cybersource, Optima , and working with robotics system or implementations highly desired
- Prior experience with Bank of America, JP Morgan Chase, BNY Mellon and Paymode
Compensation and Benefits
AARP offers competitive benefits with a 401(k); 100% company-funded pension plan; health, dental, and vision plans; life insurance paid time off to include company and individual holidays, vacation, sick, caregiving, and parental leave; performance-based and peer-based recognition; tuition reimbursement; among others. Visit careers.aarp.org/benefits for more information.
As a result of the COVID pandemic, all interviews will be held virtually and all non-essential employees will continue to work remotely until further notice.
Equal Employment Opportunity
AARP is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. AARP does not discriminate on the basis of race, ethnicity, religion, sex, color, national origin, age, sexual orientation, gender identity or expression, mental or physical disability, genetic information, veteran status, or on any other basis prohibited by applicable law.
AARP supports and complies with Los Angeles’s Fair Chance Initiative for Hiring (Ordinance No. 184652, Article 9 of Chapter XVIII of the Los Angeles Municipal Code), also known as the “Ban the Box” ordinance. This ordinance ensures that hiring and other employment decisions are made based on relevant work qualifications without improperly considering a person’s criminal record. In accordance with the law, AARP does not include questions about criminal convictions in its employment application or interview process, and does not conduct criminal background checks until after a conditional offer of employment is made. Any criminal background check will be conducted in good faith, and any negative information obtained as a result of that check will be evaluated by AARP in good faith and on an individualized basis tailored to the requirements of the specific employment opportunity. For the full text of the ordinance, please visit http://clkrep.lacity.org/onlinedocs/2014/14-0746_