Senior Finance Manager

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