Senior Finance Manager

2 weeks ago


Conshohocken Pennsylvania, United States Firstrust Bank Full time
Objective:

Manages the primary functions related to the cash, investment portfolios and derivative management as well as Asset/Liability management and Budget.  In addition, will provide support to the internal financial management effort.

 

Firstrust Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer.

Minority/Female/Disabled/Veteran

Responsibilities/Duties:
Investment/Derivative Portfolio Management:

Primary manager of the Bank’s Investment/Derivative Portfolio including accounting and reporting

Initiate potential Investment analysis and opportunities

Present Investment/Derivative portfolio recommendations to Investment and ALCO Committee for action

Execute Investment/Derivative actions approved by Investment and ALCO Committee with approved Brokers list.

Manage Investment Broker relationships on a regular basis ensuring adherence to Investment Policy

Member of the Bank’s Investment Committee

Prepare Investment Committee minutes

Financing & Risk Management Strategies:

Research, understand and analyze the appropriate uses and costs/benefits of the range of investment alternatives, financing vehicles and risk management tools in the context of current and projected economic environments with the objective of achieving Firstrust's overall short- and long-term goals. 

Asset Liability Management

Liaison with the Bank’s third-party Asset/Liability Interest Rate Risk Modeling firm for the Bank and Hatch

Maintain inhouse Asset/Liability Interest Rate Risk Model

Review both third party and inhouse ALM model results for accuracy

Review Asset/Liability Committee reporting package for distribution

Preparer of Asset/Liability Meeting Minutes

Member of the Asset/Liability Committee

Use inhouse Asset/Liability model to test investment and derivative strategies

Coordinate with the Lending and Deposit teams on overall bank strategies

Liquidity

Coordinate with accounting and other departments regarding liquidity needs

Evaluate cash activity history to anticipate liquidity needs

Coordinate with EVP Director of Community Banking and SVP Commercial Deposits on deposit rates

Execute Borrowing strategies using FHLB Advances and Brokered CDs

Liaison with FHLB of Pittsburgh, primary provider of wholesale funding for the Bank

Liaison with CD Brokers for purposes of wholesale borrowing functions      

Budgeting and Planning

Maintain and reviews the Bank’s Net Interest Income Model for Budgeting purposes

Participate in the Bank’s annual Planning process by coordinating Lending and Deposit Plans along with rate forecasts

Support the CFO in Budgeting and Planning analysis and the decision-making process. 

Other

Review and advise action regarding the Bank’s collateral maintenance and reporting requirements for counterparties and customers. (Derivatives & Deposits)

Provide support to financial management effort as required by Executive Vice President/CFO.

Support the Funds Transfer Pricing model component of the Profitability Reporting System.

Ensure that Investment, Liquidity, A/L Management, Derivative and Net Interest Income Policies meet audit and regulatory guidelines and requirements, and that reporting requirements are in compliance.

Liaison with the auditors and examiners

Essential Functions:
While performing the essential functions of this position, the employee will need to move about from floor to floor to retrieve items.  A majority of these positions require sedentary work, sitting most of the time.   The employee will be required to prepare and analyze data and figures and operate a computer terminal using repetitive motion. 

Knowledge - Skills & Abilities:
Bachelor’s Degree in Finance or Accounting required  

Seven (7) plus years of financial banking experience

Fixed Income Investment Management experience required

Executive presence and a strong ability to build relationships with senior stakeholders which effectuate desired results

Excellent analytical skills

Exercise prudent and fiscally responsible judgment.

Must be detail oriented, focused, and have excellent follow-through skills

Proficiency in the Microsoft office (Advanced Excel, Basic Word, and Outlook)

Knowledge of Bank Investment and Asset/Liability regulations

Knowledge of Investment Accounting software, ALM software, SQL, and Bloomberg



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