Treasurer

About the role

The Treasurer will direct the financial operations of the company including budgeting, planning, investing, liquidity, pricing model, and other financial matters. This role will determine and manage the tools utilized in asset liability management along with the office profitability and funds transfer pricing. The Treasurer will lead a team of finance experts to maintain important day-to-day financial operations and ensure the company’s financial health alongside the Chief Financial Officer.

Objectives

• Strengthen the accounting team and financial processes to enable the Bank and Company to continue to grow profitability.
• Manage balance sheet to create efficiencies and improve profitability to be a top-tier organization.
• Maintain and/or improve the bank’s net interest margin.
• Oversee the bank’s balance sheet, managing interest rate risk, liquidity risk, yield curve risk, option risk, and other key aspects of asset/liability management.
• Efficiently manage liquidity and allocate resources to optimize profitability, including overseeing cash position and payment of bank expenses (accounts payable).
• Elevate the accounting function by implementing internal controls and policies for all financial activities for a public filing company.

Responsibilities

• Coordinate the company’s financial planning, budgeting and forecasting and investment activities.
• Operate the bank’s ALM model, owning all key assumptions including deposit betas, deposit decay, prepayment speeds, pricing spreads, and interest rates.
• Lead the ALCO meetings under the interest risk component of ERM, along with any “subcommittee meetings.”
• Serve as in-house expert on funds transfer pricing (FTP) and educate internal users about FTP and opportunity costs when pricing and allocating limited resources.
• Oversee the daily cash position, establishing and monitoring bank correspondent accounts, brokered deposit relationships and the use thereof.
• Provide financial analysis with an emphasis on capital investments, pricing decisions, and contract negotiations.
• Participate in liquidity management, uses and funding, and serve on committees as needed.
• Oversee the preparation of activity reports, financial forecasts, and annual budgets ensuring the use of best practices and state and expected regulatory procedures, i.e., Back Testing, Stress Testing.
• Ensure that reported results comply with generally accepted accounting principles (GAAP) or international financial reporting standards.
• Review financial details from past, present, and forecasted operations; identify development opportunities and improvements that can be made.
• Provide management with short- and long-term financial objectives and policies, including hedging, derivatives, etc.
• Advise business units on and assist with implementation of accounting and budgeting policies while also focusing on their profitability and how they positively influence the bank’s financials.
• Collaborate with internal and external auditors, Chief Accounting Officer and Accounting Team to provide information needed for the quarterly and annual audit.
• Maintain knowledge of organizational procedures, federal and state regulations, and accounting standards.
• Manage the balance sheet cash flow including assisting with liquidity and pricing.
• Serve on committees as needed, i.e., Deposit Committee, and be actively involved in approving exception pricing.
• Assist with regional profitability recognition and tracking, offering suggestions for structure, pricing, and exception-based procedures.
• Perform other related duties as assigned.

Leadership

• Promote and encourage F&M culture and values; promote a highly engaged and productive work environment where employees feel comfortable speaking up about issues and can realize their best lives.
• Oversee employees responsible for daily operations within finance, accounting, billing, collections, investments, and budget preparation.
• Oversee employees to implement internal control policies and procedures for all financial activities.
• Directly lead the Accounts Payable Supervisor, providing guidance, regular performance feedback, and development planning.

Requirements

• Bachelor’s degree in accounting, finance, economics or business administration; master’s degree preferred.
• Five years or more of related experience required.
• CMA, CFA, CTP, or CPA designation highly preferred.
• Experience with ALM software highly preferred; ProfitStar is currently being utilized.

Additional Requirements

• Highly analytical and intellectually curious.
• Strong financial modeling skills and experience presenting financial information to executive leadership.
• Excellent verbal and written communication skills.
• Excellent and highly accurate math and accounting skills.
• Strong supervisory and leadership skills.
• Excellent organizational skills and attention to detail.
• Strategic mindset and the ability to see and convey the “big picture.”
• Excellent time management skills with a proven ability to meet deadlines.
• Proficient with Microsoft Office Suite or related software, and specialized accounting software used by the organization.

Compliance

As generally applicable to F&M Bank and commensurate with these job functions, this role includes accountabilities for following Bank policies and related procedures, as well as regulatory requirements involving federal and state laws, regulations, and related guidance, including compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering Act (AML), Office of Foreign Asset Control (OFAC) and the USA PATRIOT Act. Adhere to Customer Identification, Customer Due Diligence and reporting of suspicious activities to the BSA Department.

Leadership Competencies

• Managing Conflict: Listens well, diffuses conflict before it starts, finds solutions to problems in a constructive manner, handles difficult people.
• Agility: Ability to respond to changing conditions quickly with mechanisms in place to manage, mitigate, and minimize disruption.
• Leading Change: Champions organizational change initiatives. Assesses and adjusts to changing situations, implementing innovative solutions to make organizational improvements.
• Leading People: Designs and implements strategies that maximize employee potential in meeting the organization’s vision, mission, and goals. Provides an inclusive workplace that fosters the development of others to their full potential.