Assistant Treasurer

About the role

The Assistant Treasurer reports directly to the Treasurer and plays a pivotal role in the CFO organization. They are responsible for managing and executing core treasury functions such as liquidity management, interest rate risk, capital management, and investment portfolio oversight.

Responsibilities

• Liquidity, Cash and Collateral Management
• Manage the bank’s liquidity position, funding mix, collateral management function, and liquidity contingency planning.
• Develop and implement cash flow forecasting models to anticipate short- and long-term liquidity needs.
• Interest Rate Risk Management
• Execute and analyze strategies to manage interest rate risk, including involvement in the asset-liability management (ALM) process and overall balance sheet management.
• Utilize financial modeling and assumption stress-testing to assess the impact of interest rate changes on the bank’s earnings and capital in various environments and scenarios.
• Oversee the analysis and monitoring of deposit betas, deposit decay rates, and asset prepayment speeds, working with external consultants as appropriate.
• Capital Management
• Leads preparation and execution of capital planning, capital forecasting, and capital stress testing activities.
• Investment Portfolio Management
• With the Treasurer, manage the bank’s investment portfolio, including government securities, municipal bonds, mortgage-backed securities, and other permissible investments.
• Implement investment strategies that balance yield, risk, and liquidity in accordance with the bank’s risk appetite and regulatory requirements.
• Financial Planning & Analysis
• Lead the preparation of budgets, forecasts, and projections related to the balance sheet and net interest income components.

Qualifications

• Bachelor’s degree in economics, accounting, finance, business administration, or related field.
• Specialized bank finance and treasury education and training.
• A minimum of five to ten years’ experience in related positions within banking.
• Experience working in a community bank or regional bank, specifically in a role managing liquidity, capital, and investment portfolios with assets of $5 billion or more is strongly preferred.
• Demonstrated experience managing or overseeing asset-liability management modeling software (e.g., Empyrean) is strongly preferred.

Key Knowledge, Skills, & Abilities

• Strong reading, writing, grammar, and mathematics skills.
• Experience in interpreting, analyzing, and reporting financial information.
• Ability to synthesize information and communicate effectively to the CFO, Executive Team, and senior management.
• Familiarity with current bank regulations and generally accepted accounting principles (GAAP).
• Strong interpersonal relations and communicative skills.
• Solid presentation skills (both oral and written).
• Ability to communicate comfortably at appropriate levels of summary and detail across multiple organizational levels.
• Strong prioritization and computer skills (including advanced Excel skills).
• Hightly developed analytical and forecasting skills in an accounting and financial environment.
• Familiarity with computer programs and applications related to accounting and reporting.
• Report-writing and analytical skills.
• Visual and auditory skills.
• Ability to effectively perform multiple tasks, duties, and jobs throughout the finance department.

Benefits

• Medical, dental, vision, FSA, HSA options for both part-time and full-time employees.
• Paid holidays, vacation, and sick time.
• Retail benefits that include a 401(k), Profit Sharing, and Employee Stock Ownership Plan (ESOP).
• Training & development opportunities.
• Tuition assistance.
• Community focused volunteer opportunities.
• Banking perks and discount programs.

Pay

$115,000 - $135,000

Schedule

Full-time