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Assistant Treasurer

Joseph Michaels International

Philadelphia, PA

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JOB DETAILS
SKILLS
Access Control, Accounting, Ad Hoc Financial Modeling, Analysis Skills, Asset Management, Auditing, Banking Services, Cash Management, Chartered Financial Analyst (CFA), Data Collection, Demographics, Documentation, Due Diligence, Economics, Finance, Financial Analysis, Financial Liability, Financial Regulations, Financial Reporting, Financial Services, Financial Systems, Funding, Gain On Sale, General Ledger Accounting, Interest Rates, Investor Relations, Loan Funding, Loans, Operations Management, Pivot Tables, Post Closing, Presentation Software, Presentation/Verbal Skills, Reconciliation, Regulatory Reports, Risk, Sales, Spreadsheets, Static Analysis, Stress Modeling, Time Management, Treasury, Treasury Management, Warehousing, Word Processing
LOCATION
Philadelphia, PA
POSTED
12 days ago
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

About the Company

J

Joseph Michaels International

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