Assistant Treasurer

Joseph Michaels International

  • Philadelphia, PA
  • 9 days ago
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    Skills

    • Access Controlunmatched
    • Accountingunmatched
    • Ad Hoc Financial Modelingunmatched
    • Analysis Skillsunmatched
    • Asset Managementunmatched
    • Auditingunmatched
    • Banking Servicesunmatched
    • Cash Managementunmatched
    • Chartered Financial Analyst (CFA)unmatched
    • Data Collectionunmatched
    • Demographicsunmatched
    • Documentationunmatched
    • Due Diligenceunmatched
    • Economicsunmatched
    • Financeunmatched
    • Financial Analysisunmatched
    • Financial Liabilityunmatched
    • Financial Regulationsunmatched
    • Financial Reportingunmatched
    • Financial Servicesunmatched
    • Financial Systemsunmatched
    • Fundingunmatched
    • Gain On Saleunmatched
    • General Ledger Accountingunmatched
    • Interest Ratesunmatched
    • Investor Relationsunmatched
    • Loan Fundingunmatched
    • Loansunmatched
    • Operations Managementunmatched
    • Pivot Tablesunmatched
    • Post Closingunmatched
    • Presentation Softwareunmatched
    • Presentation/Verbal Skillsunmatched
    • Reconciliationunmatched
    • Regulatory Reportsunmatched
    • Riskunmatched
    • Salesunmatched
    • Spreadsheetsunmatched
    • Static Analysisunmatched
    • Stress Modelingunmatched
    • Time Managementunmatched
    • Treasuryunmatched
    • Treasury Managementunmatched
    • Warehousingunmatched
    • Word Processingunmatched

    Description

    Responsible for investor reporting, warehouse funding, loan sales, cash management, and providing treasury-related support to other teams along with working on the Company’s term securitization program. The position is located in the Philadelphia metro area. The position is primarily in-office with flexibility on an as needed basis.
    The position reports directly to the Treasurer with significant interaction with the Chief Financial Officer.
    Key Responsibilities
    • Assist in the planning and execution of the term asset-backed securitization program
    • Assist in the planning and execution of warehouse lender facilities
    • Oversee the day-to-day funding process with warehouse lenders
    • Assist in asset/liability management, including interest rate hedging
    • Maintain key working relationships with banking partners, rating agencies, external counsel, and investors
    • Prepare borrowing base and investor reports, ensuring all reports, remittances, and reconciliations are completed on time and in accordance with policies
    • Monitor debt covenants, run compliance tests, and proactively identify required changes resulting from evolving business needs
    • Prepare financial analyses for management, investors, rating agencies, and banks
    • Manage due diligence efforts with banks, rating agencies, and investors
    • Coordinate and run static pool analysis and loss stress models
    • Prepare investor decks and meet with current and prospective investors
    • Manage lender audits
    • Maintain documentation of treasury functions and controls
      • Along with Treasurer oversee / manage operational functions directly and / or indirectly with one staff member:
        • The daily company cash position, ensuring sufficient funding; ensure investors are properly paid.
    • Administer the interface with internal and external bank systems and representatives to control user access
    • Administer fraud risk parameters, monitor, and report suspected fraud through appropriate channels
    • Maintain policies and procedure manuals
        • Review / prepare the accounting entries for treasury functions, including maintenance, analysis, and reconciliation of multiple general ledger accounts and preparation of certain accounting reports and analyses
        • Backup treasury staff functions as needed
      • Assist and / or manage the monthly asset sale program. Work closely with the Treasurer and VP of Syndication/Sales.
    • Provide collateral analysis to ensure assets selected meet eligibility criteria
    • Manage and update internal gain-on-sale models to determine the economics of the sale
    • Prepare due diligence files for investors on proposed sales
    • Coordinate settlement dates of the sale with investors and all internal stakeholders to ensure timely closing
    • Prepare and execute sale documents accordingly
    • Prepare accounting entries and post-closing tasks and reconciliations
    • Interface with investors and handle any buybacks as appropriate
    • Prepare various financial and regulatory reports (such as 10-Q/K and Call Reports) utilizing the financial system
    • Asset demographics
    • Portfolio performance
    • Prepare various ad hoc or ongoing financial analyses
    • Assist in gathering information and interfacing with auditors as needed
    Education and Credentials
    • Bachelor’s degree in accounting or finance, or strong accounting, reconciliation, and control experience
    • CFA Charterholder or candidate is a very strong plus
    • CTP (Certified Treasury Professional) or candidate is a plus
    Experience
    • 5+ years of relevant experience in analyzing and structuring securitization facilities and working with cash management
    • Financial services industry experience highly preferred
    Technical and Functional Skills
    • Strong analytical skills
    • Deep knowledge of securitization financing structures
    • Advanced skills in spreadsheet software, including pivot tables and financial functions
    • Advanced skills in presentation software
    • Proficient in office productivity software (email, collaboration tools, word processing)
    • Working knowledge of treasury and financial systems

    Numbers & Facts

    LocationPhiladelphia, PA

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