Treasury Associate

First Interstate BancSystem•Sioux Falls, WY

13d

About The Position

The Treasury Associate will support core treasury functions such as liquidity management, capital planning, and regulatory reporting, while also contributing to mortgage-related secondary market activities, including loan pricing, pooling, delivery to agencies, and pipeline risk management. This position requires strong financial and analytical skills, cross-functional collaboration, and a solid understanding of both treasury operations and the mortgage capital markets.

Requirements

Solid understanding of mortgage processes, systems, pricing strategies, underwriting guidelines, and regulatory requirements; experience with secondary mortgage markets and capital markets preferred.
Familiarity with fixed income securities, including basic principles of bond pricing, yield curves, and market dynamics.
Intermediate to advanced proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook); experience with financial modeling, data analysis, and treasury/mortgage platforms (e.g., Optimal Blue, Bloomberg) is preferred.
Strong quantitative and analytical skills, with the ability to interpret complex financial data, identify trends, and support strategic decision-making.
Excellent verbal and written communication skills, with the ability to present information clearly and effectively to various stakeholders.
Ability to manage multiple priorities in a fast-paced environment, demonstrating strong time management, attention to detail, and adaptability.
Proven ability to build and maintain effective working relationships across departments, including Finance, Mortgage Operations, and Risk.
High level of professionalism and discretion in handling sensitive financial information.
Associate's Degree in Finance, Business, Accounting, Economics, or related field required
4-6 years of related experience in mortgage, finance, or accounting, and/or relevant training required

Nice To Haves

Bachelor's Degree in Finance, Business, Accounting, Economics, or related field preferred

Responsibilities

Daily management of mortgage rate locks, mortgage pricing analytics, and the enforcement of policies and procedures.
Coordinates with Home Loans for loan officer training and support.
Researches investor, GSE, and regulatory guidelines; provides product and pricing support; and develops Secondary Market procedures.
Coordinates with Mortgage Servicing for the timely delivery and sale of mortgage loans.
Assists with mortgage investor management and recertification.
Contributes to interest rate risk management through the preparation and distribution of daily mortgage rate sheets, allocation of loans for sale, and daily management of the mortgage hedge within policy constraints, while maximizing profit on loan sales.
Assists in the management of the Optimal Blue Product and Pricing Engine to onboard/offboard investors, manage margins, update SRP, set lock rules and functionality, manage product eligibility, and perform system administration.
Assists in user administration for all third-party mortgage investor websites.
Assists in the preparation of reports, dashboards, and presentations for senior management.
Assists in operational tasks and analysis related to First Interstate’s fixed income portfolio.
Assists in conducting and supporting FTP/ALM processes, including data gathering, populating the FTP/ALM model with bank data, and validating assumptions.
Assists Corporate Treasury Management in working in alignment with Corporate Accounting to facilitate various SEC and regulatory reporting requests.
Assists in preparing Corporate Treasury reports, presentations, and models.
Assists with audits, model validations, counterparty risk assessments, business continuity plans, application risk assessments, and other applicable requests from the 2nd and 3rd lines.
Assists with the preparation and distribution of commercial and consumer rate sheets.
Assists with all other Corporate Treasury functions as assigned.