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Treasury Analyst

New York, NY · Full-time · Associate

About The Position

SUMMARY

iStar is a fully integrated investment and finance company focused on the commercial real estate industry. The Company provides custom-tailored investment capital to highend private and corporate owners of real estate and invests directly across a broad range of real estate sectors. iStar is a publicly traded REIT which currently has $4.9 billion in assets with its primary business segments being real estate finance, net leasing, operating properties and land. This New York based position will provide support for all Treasury related operations performed within the Company


RESPONSIBILITIES

Perform cash management operations including daily cash administration, cash balancing and initiation of corporate payments as directed.

Analyze and manage daily corporate liquidity; execute appropriate short-term borrowing, initiate cash investing transactions and establishment of daily cash position thresholds. 

Update daily derivative rates (i.e. interest rate swaps, caps, options, FX) and monitor collateral margin requirements.

Identify, evaluate and quantify hedges (i.e. derivatives, foreign exchange exposures, including spot and forward contracts) to meet daily global cash management needs and to mitigate exposures.

Responsible for managing bank relationships, bank account maintenance and opening/closing accounts.

Utilize internal cash management systems to model, report and forecast liquidity compared to banks’ treasury systems.  

Ensure sufficient internal controls are established and functioning properly.

Coordination with Servicing personnel and other groups to ensure timely application of loan payments and other payments.

Review, analyze monthly banking service fees for cost reasonableness, and follow up with banks accordingly.

Review treasury data provided to accounting and other operating units, ensuring that all reporting is accurate and current.

Provide support on various Treasury and Capital Markets projects, including interest rate risk management, debt capital markets transactions, etc.

Work with cross-functional teams, including business units, Tax, Accounting and Legal to support broad corporate and Treasury-specific initiatives.

Support adhoc projects (Automation, Compliance and Other) 


Requirements

QUALIFICATIONS

Bachelor’s degree in Finance or Accounting

Minimum 2 years' work experience in a Treasury function

Knowledge of XRT (treasury work station) and Yardi (accounting system)

Strong analytical skills and in depth understanding of internal controls

High proficiency in M.S. Office (Excel/Word/PowerPoint/Visio)

Excellent interpersonal, organizational, communications and presentation skills

Ability to work under tight deadlines and to multitask effectively

Strong attention to detail

Self-starter and ability to build process improvements

Takes initiative and ownership of their role


iStar (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on all types of properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company to focus on modern ground leases, iStar is helping create a logical new approach to the way real estate is owned, and continues to use its historic strengths in finance and net lease to expand this unique platform. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades.


iStar is an Equal Opportunity Employer

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