Investment Officer

Penn Community Bank is seeking a highly skilled Assistant Treasurer/Investment Officer to join our team. This role will be responsible for analyzing and evaluating the asset/liability, interest rate derivatives, liquidity and investment positions of the Bank and subsidiaries.

• Asset Liability Management: Coordinate and prepare 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.
• 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.
• Investment 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.

• Education 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.