Member Funding Associate
3 weeks ago
The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.
Our highly skilled team of 200 is diverse, innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.
Position Summary
The Member Funding Associate is responsible for conducting sales, market research and customer service activities on the Bank’s Member Funding Desk. The incumbent participates in all aspects of the marketing and sales of advances products and works with member banks, credit unions and insurance companies to identify appropriate FHLBank Boston solutions.The Member Funding Associate also conducts and oversees the processing of other sales-related or service-related financial transactions. The position additionally supports the rest of the Treasury department as a resource relating to the Bank’s advances products and member borrowing needs/patterns, as well as supporting additional departmental functions, as necessary, and works with other FHLBank staff to support various business development initiatives.
This role is ideally suited for someone with 1 – 3 years of financial services industry experience.
The Bank does not sponsor work authorization for entry- or junior-level positions.
To set a new colleague up for success, our expectation is that 3 or 4 days a week will be office-based work.
This role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program.
Specific Responsibilities
·
Maintain and enhance member relationships through proactive outreach; Identify and develop potential sales opportunities and recommend FHLBank credit products as a competitive alternative to wholesale and retail funding sources.
·
Provide appropriate education, training, and guidance to members with respect to FHLBank Boston products and services.
·
Work closely with the Member Funding Manager and designated staff in the Treasury Department to communicate member funding needs, identify funding opportunities, and recommend advance features.
·
Responds to technical questions from members and works with the Member Strategies and Solutions staff to identify members for strategy application and FHLBank modeling.
·
Act as a liaison to the Relationship Manager staff, keeping an open dialogue regarding member activity and requests, advance product updates and any market related information that may be useful to the RMs on a timely basis.
·
Produce market research reports for tracking product demand, credit product sales, and competitive funding strategies.
·
Perform execution of service-related transactions in accordance with established procedures, policies, and regulations, including the initiation of advances and letters of credit.
·
Work directly with the Bank’s Marketing Strategy and Communications staff to maintain and develop marketing emails utilized to promote advance solutions and product offerings.
·
Works with the Member Funding Manager and other Treasury staff to develop and maintain product and member databases.
·
Other duties, as assigned.
Qualifications
Knowledge/Skills
Basic understanding and working knowledge of 1) the capital markets, 2) asset/liability management,and 3) commercial, residential and mortgage lending. Knowledge of the FHLBank System strongly preferred.
Working knowledge of what incents members to utilize the Bank’s credit products.
Comfort managing inbound and outbound calls with member institution contacts.
Strong customer service, communication and presentation skills.
Self-starter; Developed problem solving and prioritization skills.
Proven ability to function flexibly in a team setting.
Strong detail-orientation is required.
Education
·
A degree preferred in finance, marketing, economics, or a business-related field OR equivalent work experience.
Experience
·
1-3 years of experience in the financial services industry or the equivalent with an emphasis on financial product knowledge and customer service is preferred. Internship experience counts
The Federal Home Loan Bank of Boston is committed to building and sustaining a diverse workforce that reflects the communities that we serve. As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
#J-18808-Ljbffr
-
Member Funding Associate
2 weeks ago
Boston, United States Federal Home Loan Bank of Boston Full timeMember Funding Associate Location: Boston Job Code: 399 # of openings: 1 Description The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better...
-
Member Funding Associate
1 week ago
Boston, United States Federal Home Loan Bank of Boston Full timeMember Funding AssociateLocation: BostonJob Code: 399# of openings: 1DescriptionThe Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place...
-
Member Funding Associate
1 week ago
Boston, United States RPMGlobal Full timeThe Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a...
-
Boston, United States Diversity@Workplace Consulting Group Full timeThe Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a...
-
Boston, United States Diversity@Workplace Consulting Group Full timeThe Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a...
-
Investment Funds Associate
3 weeks ago
Boston, United States 5 Legal Full timeJob DescriptionJob DescriptionAm Law top 10 and one of the world's most elite law firms seeks a highly qualified associate to join their Investment Funds Group.Ideal candidates will have 1-6 years of substantive investment funds experience including private fund formation and/or M&A experience - and an interest in growing their career on an unparalleled...
-
Fund Formation Associate
5 days ago
Boston, United States 5 Legal Full timeJob DescriptionJob DescriptionAm Law top 50 firm which is consistently ranked among the leading law firms is looking for an associate to join their Venture Capital Fund Formation practice.The ideal candidate must have1-3 years of private investment fund formation experience are encouraged to apply. Ideal candidates will have experience representing sponsors...
-
Fund Formation Associate
3 weeks ago
Boston, United States 5 Legal Full timeJob DescriptionJob DescriptionAm Law top 50 firm which is consistently ranked among the leading law firms is looking for an associate to join their Venture Capital Fund Formation practice.The ideal candidate must have 3-5 years of private investment fund formation experience are encouraged to apply. Ideal candidates will have experience representing sponsors...
-
Fund Formation Associate
3 weeks ago
Boston, United States 5 Legal Full timeJob DescriptionJob DescriptionAm Law 100 firm representing overseas companies and investors seeks an associate to join their Private Fund Formation and Investment Management practice.The ideal candidate must have a minimum of 4-5 years of experience working with private fund formation and compliance in a law firm environment. Candidates should have...
-
Private Funds Midlevel Associate
1 week ago
Boston, United States Morgan Lewis Full timeThe Boston office of Morgan Lewis seeks to hiremidlevel associates with law firm experience to join our investment management practice. The successful applicant will have experience (a) forming private investment funds, such as hedge funds, venture capital funds and/or private equity funds, (b) structuring and drafting documentation for upper tier management...
-
Registered Funds Associate
3 weeks ago
Boston, United States 5 Legal Full timeJob DescriptionJob DescriptionAm Law top 100 firm which is popular for its high-profile financial services is seeking a highly qualified associate to join their Financial Services group. The ideal candidate must have 3-6 years of experience working with registered investment companies. Knowledge of the Investment Company Act and Investment Advisers Act...
-
Boston, United States State Street Corporation Full timeThe preparation, analysis and reporting of investment and fund performance data for global real estate funds and affiliated entities. Accounting, Associate, Fund, Private
-
Director of the Emmanuel Fund
2 weeks ago
Boston, United States Emmanuel College Full timeJob Description: Reporting to the Associate Vice President of Development and Alumni Relations, the Director of the Emmanuel Fund leads the College in the planning, implementation and execution of a program that grows unrestricted annual support, primarily from alumni but also from other funding sources. Growing alumni support is also a critical measure of...
-
Senior Fund Accountant
2 weeks ago
Boston, United States Atlas Search Full timeJob Title: Senior Fund Accountant Job Description: Key Responsibilities: Quarterly and year-end close activities for assigned Funds. Includes work paper preparation including financial statements, capital account statements and account reconciliations Ability to read, understand and interpret Limited Partnership Agreements, Operating Agreements and other...
-
Associate II
1 week ago
Boston, United States JPMorgan Chase & Co. Full timeResponsible for daily query management and resolution across the fund services provided Responsible for issue management, escalation and remediation Coordinate client requested changes to operating model and reporting Coordinate client fund launches Operations, Service, Delivery, Associate, Fund, Global, Retail, Banking
-
Senior Fund Accountant
5 days ago
Boston, United States Atlas Search Full timeJob Title: Senior Fund Accountant Job Description: Key Responsibilities: Quarterly and year-end close activities for assigned Funds. Includes work paper preparation including financial statements, capital account statements and account reconciliations Ability to read, understand and interpret Limited Partnership Agreements, Operating Agreements and other...
-
Fund Manager
5 days ago
Boston, Massachusetts, United States Alter Domus Full timeABOUT US We are Alter Domus. Meaning "The Other House" in Latin, Alter Domus is proud to be home to 85% of the top 30 asset managers in the alternatives industry, and more than 5,000 professionals across 23 countries. With a deep understanding of what it takes to succeed in alternatives, we believe in being different. Invest yourself in the alternative,...
-
Fund Accountant Sr
1 week ago
Boston, United States Brown Brothers Harriman Full timeAt BBH we value diverse backgrounds, so if your experience looks a little different from what we've outlined and you think you can bring value to the role, we will still welcome your application! What You Can Expect At BBH If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You...
-
Director of the Emmanuel Fund
2 weeks ago
Boston, United States Emmanuel College Full timeJob Description: Reporting to the Associate Vice President of Development and Alumni Relations, the Director of the Emmanuel Fund leads the College in the planning, implementation and execution of a program that grows unrestricted annual support, primarily from alumni but also from other funding sources. Growing alumni support is also a critical measure of...
-
Private Equity Fund Accounting
1 week ago
Boston, United States State Street Corporation Full timeWho we are looking for A leader within the Private Equity and Real Assets Fund Services business unit of the State Street Alternative Investment Services Group. We are a team of dedicated accounting professionals who are passionate about delivering financial reporting and day-to-day accounting and administrative support to premier real estate fund clients....
