Assistant Treasurer/Investment Officer
Job LocationsUS-PA-Perkasie
Job ID
2024-1836of Openings1Category
Accounting/FinanceOverviewResponsible for analyzing and evaluating the asset/liability, interest rate derivatives, liquidity and investment positions of the Bank and subsidiaries. Responsible for maintaining related policies and periodic reporting.ResponsibilitiesAsset Liability Management
Coordinate and prepare, as necessary, the quarterly asset liability model to measure interest rate risk of Net Interest Income and Market Value Sensitivity; assist in developing balance sheet growth, interest rate and other assumptions
Assist in the production of balance sheet projections for the quarterly asset liability model and the annual budget process
Coordinate and prepare, as necessary, quarterly materials and reports for use by ALCO and board committees for net interest income, market value, investments sensitivity, funding, liquidity ratios and cash flow projections and issues that are critical to managing overall interest rate risk.
Coordinate and prepare, as necessary, projections of Net Interest Income for the year to assist the CFO and SVP, Director of Accounting and Finance in planning by adjusting the results of the quarterly model.Derivatives - Hedging
Manage the Bank's customer interest rate swap program. Work with external third party and customers to execute back-to-back interest rate swaps.
Review and recommend cash flow hedging strategies and long-term liability funding; review balance sheet strategies and off-balance sheet derivatives uses.
Prepare the monthly derivatives market value pricing from the Bloomberg systemInvestment Portfolio
Recommend investment strategies and conduct pre-purchase analysis and post-purchase performance and credit monitoring reports on investments that include mortgage-backed securities, collateralized mortgage obligations, municipal bonds, corporate bonds, government agency securities, and subordinated debt
Assist in the execution of additional purchases, operational aspects of and reviewing or preparing reporting for the Bank's BOLI and SBIC investments
Execute the investment transactions while maintaining relationships with brokerage firms and counterparties to ensure the Bank's access to the financial markets. Attend broker educational sessions on markets and investments (virtual and/or in person)
Coordinate and prepare, as necessary, analyses for securities ACL for all investments at least quarterly.
Coordinate and prepare, as necessary, any required disclosure information on investments for annual report. Report on performance of the portfolio, including value created investment decisions
Coordinate, manage and implement strategies for CRA investments with CRA officer
Review investment reports on a monthly basis and supplement with brokerage firm analyses and recommend any changes in strategy
Manage the Bloomberg system to produce analytical reports on investments, regulatory reports, and analysisLiquidity and Funds Management
Prepare or assist in the coordination of quarterly liquidity reporting.
Monitor liquidity positions through the use of various funding sources that include the Federal Reserve cash position, Federal Home Loan Bank borrowings including the CLP Program, and wholesale market deposits
Ensure operating liquidity is sufficient through review of daily reports and activities such as wire activity, loan disbursements/payoffs, investment cash flow and deposit flow
Assist in the determination of deposit and loan pricing with business unit leaders. Coordinate and/or attend loan and deposit committee meetingOther Responsibilities
Participate in key committees, including ALCO, Finance Committee, Deposit and Loan Pricing Committee, among others
Develop and maintain updated department policies including Investment, Asset Liability Management, and Liquidity Policies
Maintain robust two-way communicati ns with business units, regularly sharing information and educating units regarding key treasury/risk management issues and concerns, and staying well informed about key business issues in the line
Perform Data Management responsibilities for Treasury by extracting important data from core and other systems, preparing it for the model(s), and using it for decision-making.
Prepare reports and gather data for CFO as neededQualificationsEducation and Experience
Bachelor's degree with a major in Finance or Accounting or equivalent experience in Asset Liability Management, Investment Portfolio Management, derivatives and funding required
5+ years related experience in a financial services industry related company, with prior work in a Bank environment preferred
Skills and Competencies
Thorough knowledge of investment and funding types
Proficiency with Microsoft Office (word and excel), Bloomberg software and functions, interest rate derivatives (swaps and caps).
Strong knowledge of bank policies and procedures
Working knowledge of regulatory compliance rules
Knowledge of financial statements and analysis, accounting, and reporting requirements for the Accounting and Treasury areas
Ability to interact with all levels of staff and management
Ability to handle multiple projects at one time
Strong problem-solving skills
Excellent interpersonal and organizational skills
Strong communication skills, both verbal and writtenIt is the policy of Penn Community to provide equal employment and advancement opportunities to all individuals. For this reason, employment decisions at Penn Community will be based on merit, qualifications, and abilities. Except where required or permitted by law, employment practices will not be influenced or affected by an applicant's or Team Member's race, color, religion, sex, national origin, age, sexual orientation, physical or mental disability, veteran status, or any other characteristic protected by law.