Treasurer

Michigan First•Lathrup Village, MI

15h

About The Position

JOB SUMMARY: The Treasurer of the credit union is responsible for overseeing the financial operations of the balance sheet of the organization specifically related to Investments, Liquidity, ALLL and Capital. This job description describes the scope of responsibility and essential functions of this position but should not be considered an all-inclusive listing of work requirements.

Requirements

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
At least five years of experience in a financial service organization’s accounting, finance or treasury department
Ability to maintain confidentiality
Ability to read and comprehend instructions, correspondence, and memos
Ability to multi-task, work in a fast paced, changing environment and maintain a commitment to accuracy and timeliness
Excellent communication skills
Ability to effectively present information in one on one and small group situations to members, team leader, and other team members of the organization
Ability to operate in a team environment to accomplish shared goals
Ability to effectively manage time as related to tasks
Strong attention to detail

Nice To Haves

Associate’s or Bachelor’s degree in Accounting or Finance, strongly preferred
Certified Public Accountant (CPA) license preferred

Responsibilities

Accounting for and managing ALLL calculations both on and off-balance sheet
Management of liquidity including maintaining adequate cash flow to enable the credit union to operate efficiently
Management of stress testing including liquidity, capital and IRR/EVE back testing
Management of loan sales on the secondary market to ensure the Credit Union is maximizing profits
Management of MSR portfolio
Management of Hedging for MSR portfolio and loan pipeline
Advising management on financial matters, including investment decisions.
Maintain relationships with investors and brokers to identify and develop new opportunities.
Utilize economic data and market trends to identify and mitigate risk
Ensuring the safekeeping and security of all investments
Preparing and monitoring the annual budget for ALLL and investments according to the approved business plan
Management of liquidity including maintaining adequate cash flow to enable the credit union to operate efficiently
Management of stress testing including liquidity, capital and IRR/EVE back testing
Ensuring proper recording and compliance of financial transactions for investments to the credit union's bank account.
Collaborating with accountants and auditors to ensure compliance with statutory and regulatory requirements.
Maintain updated detailed job procedures, complete required annual training, and remain current on all regulatory requirements

Benefits

Very competitive pay
Low-cost medical, dental, and vision benefit options.
Employer-paid life and disability insurance
401(k) - 100% match up to 5% deferral
Tuition reimbursement for both Undergraduate and Graduate degree program
Access to a complimentary concierge service that assists with nearly any item on your to-do list
Free, state-of-the-art fitness center at our Lathrup Village headquarters with exercise equipment, showers and locker rooms
Wellness initiatives and events throughout the year to help team members stay healthy
Loan discounts for certain secured and unsecured loans and mortgages
Opportunities for pay increases, incentives and profit-sharing, based on performance
Onsite subsidized top notch Cafe 26 for team members' use
Onsite bowling center