Hybrid Vice President Treasurer presso SAFE Credit Union
SAFE Credit Union · Folsom, Stati Uniti d'America · Hybrid
- Senior
- Ufficio in Folsom
Salary Range: $152,000.00 - $203,000.00
THIS REQUIRES A LOCAL CANDIDATE - HYBRID
THIS REQUIRES A LOCAL CANDIDATE - HYBRID
Why SAFE?
SAFE offers so much more than just full medical, vision, dental, 401k matching, HSA, and FSA! Learn more about how we support our workforce!
- Professional Development Opportunities: Offering training programs, workshops, and mentorship.
- Recognition and Appreciation: Regularly acknowledging employee achievements and contributions.
- Flexible Work Arrangements: Providing options for remote work and flexible scheduling.
- Positive Company Culture: Fostering an inclusive, collaborative, and supportive work environment.
- Career Growth: Clear paths for career advancement and internal promotions.
- Work-Life Balance: Encouraging a healthy balance between professional and personal life.
- Employee Empowerment: Allowing employees to make decisions and have autonomy in their roles.
- Space of Belonging: ERGs, YOUnity Council and a focus around diversity, equity inclusion and belonging.
- Wellness Programs: Promoting physical and mental health through wellness initiatives and resources.
- Strong Leadership: Having leaders who inspire, support, and guide their teams effectively.
- Sense of Purpose: Creating a sense of mission and aligning company goals with employees' personal values.
POSITION PURPOSE
The Treasurer is responsible for corporate investments, cash and liquidity risk management, asset/liability management, secondary market, product pricing, hedging, board reporting, and audit and examination activities. Position is responsible for the overall direction, coordination, and evaluation of this team. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints, and resolving problems.
ESSENTIAL FUNCTIONS AND BASIC DUTIES
- Manage the credit union’s investment portfolio; includes understanding and measuring the risk profile of the portfolio, developing investment strategies to optimize liquidity and returns, executing trades, evaluating investment results, and management reporting.
- Monitor industry and market trends; establish professional relationships with brokers.
- Coordinate with Accounting to monitor and manage the credit union’s cash levels and liquidity risk; ensure compliance with internal policies and regulations.
- Coordinate and manage the credit union’s asset/liability management activities, which include but are not limited to interest rate risk analysis, hedging, borrowing, financial analysis, and modeling; ensure compliance with internal policies and regulations.
- Act as the staff liaison to the Board Finance Committee; prepare and present quarterly Committee reports to Finance Committee.
- Act as the Chairperson of the Asset/Liability Management Group (ALMG), which facilitates the discussion and approval process for product/service pricing and promotions; work with product managers to establish product pricing and perform return on investment (ROI) analyses for promotions.
- Develop and recommend product pricing strategies to drive loan and deposit demand, as well as revenue and profitability.
- Oversee all responsibilities of the Secondary Market function which include setting and maintaining pricing for first mortgage loans, hedging the mortgage pipeline, analyzing and recommending pricing strategies, committing loans for sale to investors, maintaining policies and procedures, and ensuring loan sale activities are in alignment with strategic and financial objectives.
- Research, evaluate, resolve, and report on emerging issues related to investments, liquidity risk, interest rate risk, concentration risk, risk-based capital, and hedging.
- Assist in the preparation of the credit union’s annual budget, including development of the Treasury budget.
- Develop and distribute various ad hoc financial analyses and reporting.
- Prepare and deliver presentations for the Board and Management.
- Work directly with external auditors and examiners.
- Complete other duties, as assigned.
QUALIFICATIONS
Education/Certification:
Bachelor’s degree.
Certification:
- CFA certification or CPA license a plus.
Required Knowledge:
Eight or more years of investment, treasury, and corporate finance or accounting experience; public accounting and financial institution experience preferred. Experience buying and selling fixed-income securities. Financial institution plus loan and deposit pricing experience a plus.
Experience Required:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Skills/Abilities:
- Strong analytical skills.
- Medium to advanced proficiency with Microsoft Excel; ability to prepare spreadsheets and analytical models using complex formulas and functions.
- Ability to quickly learn financial software applications; data warehouse experience a plus.
- Ability to work with all levels within an organization.
WORK ENVIRONMENT/PHYSICAL DEMANDS SUMMARY
LANGUAGE SKILLS
- Excellent communication skills (verbal, written, listening skills, and empathy).
- Expert ability to build relationships with other leaders, business partners, and stakeholders.
- Ability to read, analyze, and interpret a variety of complex information including, financial statements, regulations, policies, and industry events.
- Ability to respond effectively, both verbally and in writing, to the most sensitive inquiries or situations.
- Ability to write periodic commentaries using traditional business writing techniques explaining intricate financial information.
- Ability to make effective and persuasive presentations on complex topics to top management, third parties, and/or boards of directors.
MATHEMATICAL SKILLS AND REASONING ABILITY
- Ability to interpret a variety of instructions furnished in written, oral, or schedule form.
- Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
- Ability to apply advanced mathematical concepts typical in the financial services industry, such as present value, future value, bond pricing, statistical analysis, convexity, and duration.
PHYSICAL DEMANDS AND WORK ENVIRONMENT
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
- While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.
- The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.
- The employee must occasionally lift and/or move up to 10 pounds.
- Specific vision abilities required by this job include close vision.
- The noise level in the work environment is usually moderate.
INTENT AND FUNCTION OF JOB DESCRIPTIONS
This is not necessarily an all-inclusive list of job-related responsibilities, duties, skills, efforts, requirements or working conditions. All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.
In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.
Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.
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