Shire Jobs

Senior Finance Manager Location

US-PA-Conshohocken Job ID 2024-2483

Positions

1

Pay Status Salaried / Exempt

Work Schedule Monday - Friday

Objective

Manages the primary functions related to the cash, investment portfolios and derivative management as well as Asset/Liability management and Budget.  In addition, will provide support to the internal financial management effort.

Responsibilities/Duties

Investment/Derivative Portfolio Management: Primary manager of the Bank's Investment/Derivative Portfolio including accounting and reporting Initiate potential Investment analysis and opportunities Present Investment/Derivative portfolio recommendations to Investment and ALCO Committee for action Execute Investment/Derivative actions approved by Investment and ALCO Committee with approved Brokers list. Manage Investment Broker relationships on a regular basis ensuring adherence to Investment Policy Member of the Bank's Investment Committee Prepare Investment Committee minutes Financing & Risk Management Strategies: Research, understand and analyze the appropriate uses and costs/benefits of the range of investment alternatives, financing vehicles and risk management tools in the context of current and projected economic environments with the objective of achieving Firstrust's overall short- and long-term goals. Asset Liability Management Liaison with the Bank's third-party Asset/Liability Interest Rate Risk Modeling firm for the Bank and Hatch Maintain inhouse Asset/Liability Interest Rate Risk Model Review both third party and inhouse ALM model results for accuracy Review Asset/Liability Committee reporting package for distribution Preparer of Asset/Liability Meeting Minutes Member of the Asset/Liability Committee Use inhouse Asset/Liability model to test investment and derivative strategies Coordinate with the Lending and Deposit teams on overall bank strategies Liquidity Coordinate with accounting and other departments regarding liquidity needs Evaluate cash activity history to anticipate liquidity needs Coordinate with EVP Director of Community Banking and SVP Commercial Deposits on deposit rates Execute Borrowing strategies using FHLB Advances and Brokered CDs Liaison with FHLB of Pittsburgh, primary provider of wholesale funding for the Bank Liaison with CD Brokers for purposes of wholesale borrowing functions Budgeting and Planning Maintain and reviews the Bank's Net Interest Income Model for Budgeting purposes Participate in the Bank's annual Planning process by coordinating Lending and Deposit Plans along with rate forecasts Support the CFO in Budgeting and Planning analysis and the decision-making process. Other Review and advise action regarding the Bank's collateral maintenance and reporting requirements for counterparties and customers. (Derivatives & Deposits) Provide support to financial management effort as required by Executive Vice President/CFO. Support the Funds Transfer Pricing model component of the Profitability Reporting System. Ensure that Investment, Liquidity, A/L Management, Derivative and Net Interest Income Policies meet audit and regulatory guidelines and requirements, and that reporting requirements are in compliance. Liaison with the auditors and examiners

Essential Functions

While performing the essential functions of this position, the employee will need to move about from floor to floor to retrieve items.  A majority of these positions require sedentary work, sitting most of the time.  The employee will be required to prepare and analyze data and figures and operate a computer terminal using repetitive motion.  

Knowledge -  Skills & Abilities

Bachelor's Degree in Finance or Accounting required Seven (7) plus years of financial banking experience Fixed Income Investment Management experience required Executive presence and a strong ability to build relationships with senior stakeholders which effectuate desired r sults Excellent analytical skills Exercise prudent and fiscally responsible judgment. Must be detail oriented, focused, and have excellent follow-through skills Proficiency in the Microsoft office (Advanced Excel, Basic Word, and Outlook) Knowledge of Bank Investment and Asset/Liability regulations Knowledge of Investment Accounting software, ALM software, SQL, and Bloomberg

Firstrust Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer.  Minority/Female/Disabled/Veteran