Assistant Treasurer

Citizens Bank & Trust

POSITION DESCRIPTION

POSITION TITLE: Assistant Treasurer

DEPARTMENT: Accounting

CLASSIFICATION: Non-Exempt 

REPORTING RELATIONSHIP

POSITION REPORTS TO: Chief Financial Officer

POSITIONS SUPERVISED: Accounting Specialist (Wire Transfer)

POSITION SUMMARY

Acting under the direction of the CFO, this position is responsible for several key areas, including annual budgeting for the bank and periodic forecasting, asset liability management reporting, liquidity reporting and alternative funding analysis. In addition, this position manages the Wire Transfer Function for the Bank, and directly supervises the Accounting Specialist that is responsible for Wire Transfers and Daily Cash Management processing with Fed, FHLB and the Correspondent Banks.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Annual Budgeting and Periodic Forecasting Process (20%)
• Asset and Liability Management Analysis and Reporting (20%)
• Communicate quarterly assumptions and work with 3rd party to deliver quarterly reports
• Manage NMD Study and Stress Testing Process with Vendor
• Prepare Policy Compliance Reporting and Trend Analysis
• Attend and document Quarterly ALCO Meetings
• Maintain Interest Rate Risk Policy (IRR/EVE), at the CFO’s Direction
• Investment Accounting (15%)
• Ensure bonds are booked accurately on 3rd party system
• Manage Bond Settlements (Sales and Purchases)
• Manage Bond Pledge Position for Funding
• Document Basis for Purchases and Sales of Investments
• Prepare Investment Reports for the Board and ALCO
• Maintain investment policy, at the CFO’s Direction
• Liquidity Analysis/Reporting (15%)
• Analyze Funding Options
• Provide Liquidity and Liquidity Contingency Reporting
• Provide Correspondent Bank Analysis
• Maintain Liquidity and Liquidity Contingency Policies, at the CFO’s Direction
• Wire Transfer and Cash Management (15%)
• Oversee wire transfer system and resolve technical issues
• Ensure wire transfer staff are properly trained
• Ensure wire transfer roles are assigned during absences of staff
• Ensure operational procedures are in place
• Review and approve daily cash management activity
• Maintain wire policy, at the CFO’s Direction
• FDICIA Reporting Requirements (5%)
• Other Accounting Assignments (10%)
• Special Analysis Projects
• Reconcilements and Reporting
• Backup Assigned Functions (Wire, etc.)
• Other duties as assigned.

EDUCATION &/OR EXPERIENCE

• College degree in accounting, finance, management or economics.
• CPA/MBA preferred.
• Minimum of 3 years job-related experience.
• Strong knowledge of accounting practices and policies.
• Banking and Investment Knowledge a plus.
• Must be skilled in Windows, Microsoft Excel and Microsoft Word.
• Must be skilled or able to quickly learn Cognos reporting tool.

OTHER SKILLS / QUALIFICATIONS

• Must possess basic language skills to write and speak clearly, effectively and appropriate to business standards.
• Must have the ability to perform mathematical calculations necessary to execute the duties of job.
• Must be able to make sound decisions, have the ability to recognize potential problems, and take appropriate corrective action.
• Must be well organized, accurate, and attentive to details.
• Must be able to work under time constraints.
• Must be cooperative and willing to assist others.

PHYSICAL DEMANDS

No unusual physical demands required for this job. Must be able to do sedentary work. May occasionally have to lift up to 10 pounds typical of most office positions. 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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

WORK ENVIRONMENT

Must be accustomed to professional, business office environment in manner and dress. Must demonstrate excellent human relations skills with customers and bank associates. Must be willing to participate as a team member.

COMPLIANCE WITH REGULATORY REQUIREMENTS

Each associate is responsible for compliance with all applicable regulatory requirements affecting the banking industry as well as applicable Citizens Bank & Trust, policies and procedures. When an associate has supervisory responsibilities, he or she will make certain that their staff understands their responsibilities to comply with applicable regulatory issues and internal programs, policies and procedures.

Equal Opportunity Employer/Affirmative Action & E-Verify Employer/Drug Free Workplace

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