Treasurer

F&M; Kentucky; On-site; USD 150,000 - 230,000; Full time

Job summary

F&M Bank in Kentucky seeks a Treasurer to direct the financial operations, including budgeting, planning, liquidity management, pricing models, and asset‑liability matters. You will lead a finance team and partner with the CFO to safeguard the company’s financial health and profitability.

The role requires strong analytical abilities, experience with ALM tools (ProfitStar preferred), and a track record of strategic financial leadership.

Qualifications

• Bachelor’s degree in accounting, finance, economics or business administration, master’s degree preferred.
• Five years or more of related experience required.
• CMA, CFA, CTP, or CPA designation highly preferred.
• Experience in ALM software being highly preferred. ProfitStar is currently being utilized.

Responsibilities

• Coordinates the company’s financial planning, budgeting and forecasting and investment activities.
• Operates the bank’s ALM model, owning key assumptions including deposit betas and interest rates; leads ALCO meetings.
• In-house expert on funds transfer pricing and educating users on FTP and opportunity costs.
• Oversee daily cash position and bank correspondent accounts and related relations.
• Provides financial analysis with emphasis on capital investments, pricing decisions, and contract negotiations.
• Involved in liquidity management and serving on committees as needed.
• Oversee preparation of activity reports, forecasts, and budgets ensuring GAAP/IFRS compliance.
• Ensure reported results comply with GAAP/IFRS and regulatory procedures.
• Review financial details to identify improvements and opportunities.
• Provide management with long-term objectives and policy guidance including hedging.
• Advise units on budgeting policies while focusing on profitability.
• Collaborate with auditors and accounting team for audits.

Skills

Financial analysis

Leadership

Strategic planning

Budgeting

ALM experience

Education

Bachelor’s degree in finance/accounting/economics

CMA/CFA/CPA designation preferred

Tools

ProfitStar

ALM software

Job description

Description

POSITION SUMMARY:

The Treasurer will direct the financial operations of the company including budgeting, planning, investing, liquidity, pricing model, and other financial matters. This role will determine and manage the tools utilized in asset liability management along with the office profitability and funds transfer pricing. The Treasurer will lead a team of finance experts to maintain important day to day financial operations and ensure the company’s financial health alongside the Chief Financial Officer.

OBJECTIVES OF THIS ROLE:

• To strengthen the accounting team and financial processes to enable the Bank and Company to continue to grow profitability.
• Manage balance sheet to create efficiencies and improve profitability to be a top tier organization.
• Maintains and/or improves the bank’s net interest margin.
• Oversee the bank’s balance sheet, managing interest rate risk, liquidity risk, yield curve risk, option risk, and other key aspects of asset/liability management.
• Efficiently manages liquidity and allocates resources to optimize profitability. Includes overseeing cash position and payment of bank expenses (accounts payable).
• Work as a team to elevate the accounting function- implementing internal controls and policies for all financial activities- for public filing company.
• Help our customers, peers, and employees realize their best lives.

RESPONSIBILITIES:

• Coordinates the company’s financial planning- budgeting and forecasting and investment activities.
• Operates the bank’s ALM model, owning all key assumptions including deposit betas, deposit decay, prepayment seeds, pricing spreads, and interest rates. Leads the ALCO meetings under the interest risk component of ERM, along with any “subcommittee meetings”.
• In-house expert on funds transfer pricing (FTP) and able to educate internal users about FTP and opportunity costs when pricing and allocating limited resources.
• Oversee the daily cash position, establishing and monitoring bank correspondent accounts, brokered deposit relationships and the use thereof.
• Provides financial analysis with an emphasis on capital investments, pricing decisions, and contract negotiations.
• Involved in liquidity management, uses and funding, and serving on committees as needed.
• Oversee the preparation of activity reports, financial forecasts, and annual budgets ensuring the use of best practices and states and expected regulatory procedures, ie Back Testing, Stress Testing.
• Ensure that reported results comply with generally accepted accounting principles (GAAP) or international financial reporting standards.
• Reviews financial details from past, present, and forecasted operations; identifies development opportunities and improvements that can be made.
• Provides management with short- and long-term financial objectives and policies, including hedging, derivatives, etc.
• Advises business units on and assists with implementation of accounting and budgeting policies while also focusing on their profitability and how they positively influence the banks financials.
• Collaborate with internal and external auditors, Chief Accounting Officer and Accounting Team to provide information needed for the quarterly and annual audit.
• Maintains knowledge of organizational procedures, federal and state regulations, and accounting standards.
• Manages the balance sheet-cash flow including assisting with liquidity and pricing. May service on committees as needed- i.e Deposit Committee, be actively involved in approving exception pricing.
• Assist with regional profitability recognition and tracking offering suggestions for structure, pricing, and exception-based procedures.
• Performs other related duties as assigned.

LEADERSHIP:

• Promote and encourage F&M culture and values; promotes a highly engaged and productive work environment, where employees feel comfortable speaking up about issues and can realize their best lives.
• Oversee employees responsible for daily operations within finance, accounting, billing, collections, investments, and budget preparation.
• Oversee employees to implement internal control policies and procedures for all financial activities.
• Directly leads the Accounts Payable Supervisor providing guidance, regular performance feedback, & development planning.

Requirements

QUALIFICATIONS:

• Bachelor’s degrees in accounting, finance, economics or business administration, master’s degree preferred.
• Five years or more of related experience required.
• CMA, CFA, CTP, or CPA designation highly preferred.
• Experience in ALM software being highly preferred. ProfitStar is currently being utilized.

ADDITIONAL REQUIREMENTS:

• Highly analytical and intellectually curious.
• Strong financial modeling skills and experience presenting financial information to executive leadership.
• Excellent verbal and written communication skills.
• Excellent and highly accurate math and accounting skills.
• Strong supervisory and leadership skills.
• Excellent organizational skills and attention to detail.
• Strategic mindset and the ability to see and convey the “big picture”.
• Excellent time management skills with a proven ability to meet deadlines.
• Proficient with Microsoft Office Suite or related software, and specialized accounting software used by the organization.

COMPLIANCE:

• As generally applicable to F&M Bank and commensurate with these job functions, this job role includes accountabilities for following Bank policies and related procedures, as well as regulatory requirements involving federal and state laws, regulations, and related guidance.
• Compliance with Bank Secrecy Act (BSA), including accurate completion of Currency Transaction Reports (CTR) when applicable, Anti-Money Laundering Act (AML), Office of Foreign Asset Control (OFAC) and the USA PATRIOT Act. Adhere to Customer Identification, Customer Due Diligence and reporting of suspicious activities to the BSA Department.

LEADERSHIP COMPETENCIES:

• Managing Conflict: Listens well, diffuses conflict before it starts, finds solutions to problems in a constructive manner, handles difficult people.
• Agility: Ability to respond to changing conditions quickly with mechanisms in place to manage, mitigate, and minimize disruption.
• Leading Change: Champions organizational change initiatives. Assesses and adjusts to changing situations, implementing innovative solutions to make organizational improvements.
• Leading People: Designs and implements strategies that maximize employee potential in meeting the organization’s vision, mission, and goals. Provides an inclusive workplace that fosters the development of others to their full potential.