Assistant Treasurer

Canandaigua National Bank & Trust Co • Canandaigua, NY

22h • $115,000 - $135,000 • Onsite

About The Position

Reporting directly to the Treasurer, the Assistant Treasurer is an important leader in the CFO org and is responsible for managing and executing core treasury functions. This role owns key processes across liquidity management, interest rate risk, capital management and investment portfolio oversight, while serving as a strategic partner to the Treasurer and CFO division leadership. The Assistant Treasurer ensures treasury operations are resilient, well‑controlled, and aligned with regulatory expectations and the Bank’s strategic objectives.

Requirements

• B.S. degree in economics, accounting, finance, business administration, or related field
• Specialized bank finance and treasury education and training
• A minimum of five to ten years' experience in related positions within banking.
• Strong reading, writing, grammar, and mathematics skills
• Experience in interpreting, analyzing, and reporting financial information
• Ability to synthesize information and communicate effectively to the CFO, Executive Team and senior management
• Familiarity with current bank regulations and generally accepted accounting principles (GAAP)
• Strong interpersonal relations and communicative skills
• Solid presentation skills (both oral and written)
• Ability to communicate comfortably at appropriate level of summary and detail across multiple organizational levels
• Strong prioritization and computer skills (including advanced Excel skills)
• Highly developed analytical and forecasting skills in an accounting and financial environment
• Familiarity with computer programs and applications related to accounting and reporting
• Report-writing and analytical skills
• Visual and auditory skills
• Ability to effectively perform multiple tasks, duties, and jobs throughout the finance department.

Nice To Haves

• MBA or advanced degree desired.
• Experience working in a community bank or regional bank, specifically in a role managing liquidity, capital, and investment portfolios with assets of $5 billion or more is strongly preferred.
• Demonstrated experience managing or overseeing asset-liability management modeling software (e.g., Empyrean) is strongly preferred.

Responsibilities

• Manage the bank’s liquidity position, funding mix, collateral management function and liquidity contingency planning.
• Develop and implement cash flow forecasting models to anticipate short- and long-term liquidity needs.
• Execute and analyze strategies to manage interest rate risk, including involvement in the asset-liability management (ALM) process and overall balance sheet management.
• Utilize financial modeling and assumption stress-testing to assess the impact of interest rate changes on the bank’s earnings and capital in a variety of environments and scenarios.
• Oversee the analysis and monitoring of deposit betas, deposit decay rates and asset prepayment speeds, working with external consultants as appropriate.
• Leads preparation and execution of capital planning, capital forecasting and capital stress testing activities.
• Along with the Treasurer, manage the bank’s investment portfolio, including government securities, municipal bonds, mortgage-backed securities, and other permissible investments.
• Implement investment strategies that balance yield, risk, and liquidity in accordance with the bank’s risk appetite and regulatory requirements.
• Lead the preparation of budgets, forecasts and projections related to the balance sheet and net interest income components.

Benefits

• Medical, dental, vision, FSA, HSA options for both part-time and full-time employees.
• Medical coverage is also offered for domestic partners.
• Paid holidays, vacation, and sick time.
• Retirement benefits that include a 401(k), Profit Sharing, and Employee Stock Ownership Plan (ESOP).
• Training & development opportunities.
• Tuition assistance.
• Community focused volunteer opportunities.
• Banking perks and discount programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager