Treasurer (on-site)

Our client, a team-minded, rapid growth $2.5 billion financial services client headquartered in the Piedmont Triad Region of North Carolina, with 20 locations, is bolstering its finance group by recruiting a Treasurer.  Reporting to the CFO, this individual will partner closely with the SVP of Finance and the Corporate Controller. 

This is an in-office opportunity.  He/she will not supervise staff to start.  Relocation assistance/compensation is available for the right, qualified candidate (Greensboro/Winston-Salem area).

This is a well-respected financial institution with a superb culture and a rich history.  This hire will be part of a cohesive, interdependent leadership team who is launching a major growth plan for the next 5-7 years.   

Opportunity Overview
The Treasurer will lead corporate liquidity, funding, and investments in accord with regulations and organizational strategy. He/she will partner with Finance for asset and liability management strategies. Will manage financial assets and debt including overall leadership of the cash management, debt management and investment management functions of the organization. Also, will ensure the maintenance of corporate liquidity and financial stability.
Should be ready to help develop and manage strategies, operations, policies, and budgets relating to treasury activities. Naturally, he/she will monitor borrowing, treasury operations, financial risk management, investing and credit union finance activities.

Core Influences & Duties

• Ensure investment and borrowing strategies, policies and procedures meet corporate objectives. Propose investment/borrowing strategies to ALCO and implement, as approved.
• Actively recommend strategy and participate in ALCO and rate risk management. Manage Liquidity Risk.
• When needed, recommend and executes hedging strategies.
• Develop financial forecasts for cash and investments and monitor financial performance of the investment portfolio, monitoring cash cycles around financial commitments.
• Participate in directing Balance Sheet Structure and Strategy.
• Monitor and recommend appropriate securities and conduct Investment Portfolio Management.
• Participate proactively in organizational Interest Rate Risk (IRR) Management.
• Manage investment broker relationships.
• Manage Organizational Funding, Debt Structuring, & Borrowing Capacity.
• Coordinate Funding and related relationships with FHLB / FRB / Vizo Corporate Credit Union / Brokered CD providers / Credit Line providers.
• Monitor and recommend appropriate non-deposit borrowing / funding.
• Maintain current knowledge of economic, credit and interest rate trends to support informed investment portfolio purchases and ALCO decisions.
• Manage portfolio credit risk & securities purchase due diligence.
• Assist in measurement and coordination of optionality in asset and liability positions.
• Participate with Finance team in establishing and maintaining A/L modeling assumptions.
• Participate in coordination and communication with external auditors and NCUA examiners including Capital Markets Specialists.
• Recommend loan & share pricing strategies and tactics, and product structuring for IRR mitigation and marketability.
• Maintain knowledge of changes in financial markets and credit union regulations.
• Determine trends and changes indicating opportunities, risks and threats and apply that understanding to drive strategic thought and execution.
• Monitor off balance sheet IRR including swaps and derivatives.
• Evaluate and recommend IRR, liquidity, and investment and pricing policies and procedures.
• Actively participate in community and Credit Union sponsored events.

Preferred Experience

• MBA or CPA preferred
• BS/BA in Accounting, Finance, Economics or related
• Eight (8) or more years of training/experience, dealing with complex ALM, IRR, fixed income portfolio management, liquidity management, and/or financial institution funding.
• Ten (10) or more years financial institution/services experience.
• Adept technical/software skills – especially within MS Excel
• Experience with a leading ALM modeling system is a plus.

Intangible Traits

• Intuition and knowledge of market dynamics and compelling analytics to drive success
• Proven knowledge of financial markets, financial institutions, financial instruments, economic research, accounting principles, and financial theory and modeling.
• Expert knowledge of the theories, principles, and practices of finance and investment management and how they apply to the financial operations of a credit union.
• Understand the quantitative and mathematical elements of fixed income securities analysis including complex mortgage backed and municipal securities.
• Expertise in GAAP and credit union/banking regulations including fixed income capital markets instruments and derivatives markets.
• Exhibit capacity for excellent credit judgement and evaluation.
• Mastery of financial institution balance sheets, income statements, their interaction and related performance metrics and KPI’s.

• $200,000 - $210,000 base salary + 25-30% target bonus range
• Superb benefits package available with extensive offerings
• Supportive, thoughtful staff, management and executives
• Quality of life environment and culture