Financial Strategy and Treasury Supervisor

2 weeks ago

Augusta, Maine, United States Kennebec Savings Bank Full time
Job Overview

POSITION SUMMARY: This role is essential in overseeing the financial strategies and operations of the institution, ensuring robust financial health and performance. The individual will provide direct support to the CFO in various financial management domains, including financial planning and analysis, budgeting, asset/liability management, liquidity, investments, allowance for credit losses, financial and regulatory reporting, risk management, audits, and certain accounting responsibilities while assisting in policy and procedure updates.

KEY RESPONSIBILITIES:

Financial Planning & Analysis: Execute comprehensive financial analyses to deliver insights into the institution's financial performance and pinpoint areas for enhancement. This includes scrutinizing financial statements, comparing budget to actual performance, assessing profitability, and evaluating the financial ramifications of strategic decisions. Lead the formulation of the annual operating budget with the CFO's guidance, collaborating with bank leadership and key managers to gather inputs and refine assumptions. Identify opportunities for cost savings or revenue enhancement, ensuring alignment with the institution's strategic objectives. Provide management with visibility into budget variances to uphold budgetary discipline throughout the year. Enhance the financial planning and analysis function to deliver insightful and actionable management information by recommending improvements to the CFO.

Asset/Liability Management (ALM): Oversee the timely and accurate preparation of the Asset/Liability Committee (ALCO) reports, collaborating with the bank's ALM advisor. Responsible for executing the bank's ALCO model, ensuring adequate documentation for model assumptions and maintaining execution quality. Assist the CFO in devising strategies to optimize net interest income while adhering to strong risk management practices in line with internal policies and regulatory requirements. Analyze the effects of interest rate fluctuations on the bank's financial standing and support the CFO in developing and implementing strategies to mitigate those risks.

Liquidity Management: Manage the bank's daily liquidity position under the CFO's direction. Forecast cash flows to guarantee sufficient liquidity to meet obligations while maximizing profitability. This involves monitoring daily cash balances, projecting cash flow needs, and implementing effective cash management strategies. Prepare timely and accurate reports on the bank's liquidity status, ensuring compliance with internal policies and regulatory standards. Assist the CFO in planning for contingent liquidity needs to ensure reliable access to liquidity across various operating conditions.

Investment Oversight: Support the CFO in managing the bank's cash management and investment initiatives. Evaluate investment opportunities to ensure alignment with the bank's risk tolerance and regulatory standards. This includes assessing investment recommendations and monitoring performance. Prepare regular updates and reports on the investment portfolio's status for the Investment Committee of the Board. Ensure accuracy in investment accounting, including postings and interest accruals, while staying informed on current regulatory and accounting requirements.

Allowance for Credit Losses (CECL): Oversee the execution of the bank's CECL model and quarterly allowance for credit loss calculations, ensuring adequate documentation for model assumptions and maintaining execution quality.

Financial & Regulatory Reporting: Accurately prepare financial reports for the CFO's review and approval, collaborating with the CFO to develop reports that meet the needs of bank management and the Board of Directors.

Regulatory Compliance: Ensure adherence to all applicable regulatory and accounting standards, staying updated on regulatory changes, implementing necessary controls and procedures, and preparing required regulatory reports.

Risk Management: Identify and mitigate financial risks that could affect the bank's performance and stability, including credit, market, liquidity, interest rate risk, and operational risk. Assist the CFO in implementing strategies to manage these risks effectively.

Audits & Examinations: Actively assist or lead assigned portions of bank audits and examinations.

Policy & Procedures Development: Collaborate with the CFO in reviewing and preparing annual policy recommendations for the Board of Directors, enhancing bank procedures as necessary.

Management Committees Participation: Attend Asset/Liability Management Committee (ALCO) meetings and other relevant meetings as required.

Support for Bank Products/Services: Maintain knowledge of current bank products and services, utilizing them to fully understand their features and benefits for effective communication with customers.

Community Engagement: Actively participate in community organizations and events, representing the bank in the community.

Professional Development: Engage in industry trade group meetings and educational programs to stay informed on current issues affecting bank operations and job performance.

Other Responsibilities: Demonstrate reliable attendance and punctuality, handle inquiries professionally, attend bank meetings, and participate in training to enhance skills relevant to the position. Uphold the bank's core values and perform additional duties as required.

REPORTING STRUCTURE:

No direct reports.

EDUCATION/EXPERIENCE REQUIRED:

  • Bachelor's degree or higher in Accounting or Finance.
  • 7+ years of experience in banking, financial management, and accounting.
  • Strong understanding of financial markets, banking, accounting, and regulatory requirements.
  • Excellent analytical, communication, and leadership skills.
  • Ability to work independently or collaboratively to manage competing priorities.
  • Detail-oriented with a focus on accuracy and excellence.
  • Proficient in Microsoft Office applications (Word, Excel, Outlook, PowerPoint), with hands-on experience in spreadsheet and/or database management.

OTHER REQUIREMENTS:

  • Valid driver's license and access to a serviceable automobile with proper insurance as required by state law.
  • Ability to lift files and documents weighing approximately 20 pounds.
  • Capability to spend extended periods operating a computer and communicating via telephone.
  • Strong written communication skills, including report writing.
  • Analytical and critical thinking skills.
  • Ability to prioritize and organize workflow, managing multiple tasks effectively.
  • Strategic problem-solving skills for both short-term and long-term resolutions.
  • High ethical standards and confidentiality.
  • Friendly, courteous demeanor with sensitivity to customer needs.

  • Chief Financial Officer/Director of Financial Planning and Strategy

    2 days ago

    Augusta, Maine, United States Maine Municipal Association Full time

    Chief Financial Officer/Director of Financial Planning and StrategyThe Maine Municipal Association is a leading non-profit organization dedicated to serving the needs of municipal governments in Maine and their employees. Specifically, MMA is comprised of several programs that collectively support municipalities, including legal services, training, advocacy,...

  • Financial Asset Recovery Specialist

    2 weeks ago

    Augusta, Maine, United States State of Maine, Bureau of Human Resources Full time

    Financial Asset Recovery SpecialistLocation: Maine, United States | Department of Treasury | Full-timeJOB OVERVIEW:This role involves providing professional services within a dynamic office environment. The Department of Treasury seeks a dedicated individual ready to embrace a challenging yet fulfilling position that is distinct to State Government.Each...

  • Life Insurance Sales Representative

    6 days ago

    Augusta, Maine, United States PRT Financial Full time

    About PRT FinancialPRT Financial is a rapidly growing organization expanding into new territories, seeking skilled Life Insurance Sales Representatives to meet the increasing demand for our services.Job SummaryWe are looking for highly motivated and results-driven individuals to join our team as Life Insurance Sales Representatives. As a Sales...

  • Senior Financial Analyst

    3 days ago

    Augusta, Maine, United States Summit Utilities Inc Full time

    Job SummaryWe are seeking a highly skilled Senior Financial Analyst to join our team at Summit Utilities Inc. This is a unique opportunity to work in a dynamic and growing company, with a focus on renewable energy and natural gas utilities.Key ResponsibilitiesConduct comprehensive financial analysis and valuation modeling for new investments, including...

  • Electrical Supervisor for Sawmill Operations

    2 weeks ago

    Augusta, Maine, United States Randstad Engineering US Full time

    Position Overview:The Electrical and Instrumentation Supervisor will oversee the electrical and instrumentation teams to enhance operational efficiency and minimize expenses.Key Responsibilities:Supervise the electrical and instrumentation divisions to drive improvements in efficiency and cost-effectiveness.Deliver technical training to staff to bolster...

  • Electrical Supervisor for Sawmill Operations

    1 week ago

    Augusta, Maine, United States Randstad Engineering US Full time

    Position Overview:The Electrical and Instrumentation Supervisor is responsible for overseeing the electrical and instrumentation departments, focusing on enhancing operational efficiencies and minimizing expenses.Key Responsibilities:Direct the electrical and instrumentation teams to optimize performance and reduce operational costs.Deliver technical...

  • Facility Operations Supervisor

    2 weeks ago

    Augusta, Maine, United States Stars and Strikes Full time

    Facility Operations Supervisor Stars and Strikes Bowling Entertainment Center is in search of a skilled Facility Operations Supervisor who is eager to contribute to a dynamic and bustling Entertainment Center. As a Facility Operations Supervisor, you will be expected to demonstrate outstanding customer service while overseeing the comprehensive upkeep of the...

  • **Director of Operations and Strategy**

    1 week ago

    Augusta, Maine, United States CENTER FOR NEW BEGINNINGS Full time

    About the Center for New BeginningsThe Center for New Beginnings is a non-profit organization dedicated to providing healing and hope to families through therapy. As a leading provider of mental health services, we are seeking an experienced and compassionate Executive Director to lead our organization and achieve our mission and goals.Job SummaryThe...

  • Lead Financial Analyst

    2 weeks ago

    Augusta, Maine, United States Summit Utilities Inc Full time

    Job OverviewSummit Utilities, Inc. is recognized as one of the leading natural gas utility companies, dedicated to providing safe and sustainable energy solutions across multiple states.This position offers a unique opportunity for a Senior Financial Analyst to contribute significantly to the financial operations of Peaks Renewables HoldCo, LLC, a subsidiary...

  • Senior Financial Operations Analyst

    2 weeks ago

    Augusta, Maine, United States myGwork - LGBTQ+ professionals & allies Full time

    Company Overview:This inclusive employer is a member of myGwork – the largest global platform for the LGBTQ+ business community.Position Overview:The base salary for this position is dependent upon experience and location: $76,186.00 to $95,233.00.Location:Remote opportunities available.Key Responsibilities:The Lead Analyst in Financial & Operations...

  • Senior Financial Operations Analyst

    2 weeks ago

    Augusta, Maine, United States myGwork - LGBTQ+ professionals & allies Full time

    Company Overview:This inclusive employer is a proud member of myGwork – the largest global platform for the LGBTQ+ business community.Position Overview:The base salary for this role is determined by experience and location, ranging from $76,186.00 to $95,233.00.Location:Remote opportunities available.Key Responsibilities:The Lead Analyst for Financial &...

  • LPN - Clinical Operations Supervisor

    2 weeks ago

    Augusta, Maine, United States Piedmont HealthCare Full time

    POSITION OVERVIEW: The Clinical Operations Supervisor is entrusted with overseeing all clinical functions within the healthcare facility. Utilizing advanced cognitive skills such as application, analysis, synthesis, and evaluation, the Supervisor is responsible for implementing case management principles to effectively coordinate and manage patient care. The...

  • Registered Nurse Supervisor

    1 week ago

    Augusta, Maine, United States Interim HealthCare of Augusta Full time

    Join Interim HealthCare of Augusta as a Clinical SupervisorMake a meaningful difference in the lives of patients and caregivers by leading our clinical team.Oversee clinical operations from patient intake to discharge for home health clientsManage care coordination and assess the performance of home health aidesProvide ongoing education and training for...

  • Life Insurance Sales Representative

    6 days ago

    Augusta, Maine, United States Alchemy Financial Group Full time

    We are seeking a highly motivated and competitive professional to join our team at Alchemy Financial Group as an Insurance Agent. As an Insurance Agent with our company, you will be responsible for selling policies to clients, handling claims, and maintaining accurate records of policy renewals.Key Responsibilities:Identify opportunities to sell life...

  • Customer Service Supervisor

    3 days ago

    Augusta, Maine, United States AVANGRID , Inc. Full time

    Job Summary:We are seeking a highly skilled and experienced Customer Service Supervisor to join our team at AVANGRID, Inc. As a key member of our Customer Relations Center, you will be responsible for supervising and directing a team of customer care representatives to provide exceptional service to our customers.Key Responsibilities:Supervise and direct a...

  • Route Operations Supervisor

    2 weeks ago

    Augusta, Maine, United States COASTAL WASTE & RECYCLING INC Full time

    Position Overview:Coastal Waste & Recycling, a locally-owned and operated leader in the solid waste management and recycling sector, is experiencing significant growth and is looking for dedicated individuals to join our team. Our focus on sustainability and outstanding customer service distinguishes us in the industry. As we expand, so do the opportunities...

  • Dining Operations Supervisor

    6 days ago

    Augusta, Maine, United States Augusta Marriott Full time

    Job SummaryWe are seeking a highly skilled and experienced Restaurant Supervisor to join our team at the Augusta Marriott. As a key member of our dining operations team, you will be responsible for ensuring the smooth and efficient operation of our restaurant, while delivering exceptional guest experiences.Key ResponsibilitiesTeam Leadership: Lead and...

  • Electrical Supervisor for Sawmill Operations

    1 week ago

    Augusta, Maine, United States Randstad Engineering US Full time

    Position Overview:The Electrical and Instrumentation Supervisor is responsible for overseeing the electrical and instrumentation teams, focusing on enhancing operational efficiencies and minimizing costs.Key Responsibilities:Direct the electrical and instrumentation departments to optimize performance and reduce expenditures.Deliver technical training to...

  • Electrical Supervisor for Sawmill Operations

    1 week ago

    Augusta, Maine, United States Randstad Engineering US Full time

    Position Overview:The Electrical and Instrumentation Supervisor is responsible for overseeing the electrical and instrumentation sectors within the organization, focusing on enhancing operational efficiencies and cost management.Key Responsibilities:Direct the electrical and instrumentation teams to optimize performance and minimize expenses.Deliver...

  • Store Merchandising Supervisor

    1 week ago

    Augusta, Maine, United States Kohl's Full time

    Position OverviewAs the Merchandising Supervisor, you will be responsible for implementing merchandising strategies on the sales floor, ensuring optimal pricing and product recovery, while providing outstanding customer service.In your role, you will be a specialist in your designated departments, executing all merchandising tasks while prioritizing brand...