Deputy Director of Treasury
Company: Low Income Investment Fund
Location: Atlanta
Posted on: October 5, 2024
Job Description:
LOW INCOME INVESTMENT FUNDDEPUTY DIRECTOR OF TREASURYLocation:
San Francisco, New York, Washington D.C, Atlanta Reports to: Vice
President, Treasurer Exempt Classification: ExemptStatus: Regular
Full-TimeSalary Range: $135,000-145,000.00*Hybrid 2x in office
requirement
THE COMPANY Low Income Investment Fund (LIIF) is a national
community development financial institution (CDFI), headquartered
in San Francisco with offices in New York City, Atlanta, Los
Angeles and Washington, D.C., that invests in communities of
opportunity, equity and well-being. As a CDFI, LIIF supports
projects that have high social value but lack access to traditional
financial institutions. Since 1984, LIIF has deployed more than
$3.1 billion to serve more than two million people in communities
across the country from its five offices. An S&P-rated
organization, LIIF funds healthy communities by providing
innovative capital solutions. Currently, LIIF is driving $5 billion
in investments to advance racial equity (2020-2030). More on LIIF
can be found at liifund.org.
POSTION SUMMARY Reporting to the Vice President, Treasurer, the
Deputy Director of Treasury will implement tactical steps, manage
and measure LIIF's lending relationships and treasury
operations.Primary responsibilities include:
- Implementation of Treasury and Finance Strategies and
Tactics
- Perform risk management (liquidity, interest rates, debt
management)
- Lender and rating agency relationships
- Optimization of debt maturities and cost of funds
- Liaising with all business lines on capital and liquidity
requirements
- Managing of the investment portfolio
- Ensuring the integrity of LIIF's treasury activitiesESSENTIAL
FUNCTIONS Debt and Lender Relationship Management
- Act as secondary relationship manager for LIIF's lending
relationships.
- Act as secondary contact with rating agencies in maintaining
LIIF's investment grade credit rating.
- Assess opportunities for diversification of corporate and funds
access to borrowings to minimize funding risk, optimize cost of
funds and ensure flexibility and scale of sources of funding.
- Determine need to drawdown/repay funds based on liquidity
projections and make decisions on and communicate recommendations
to repay/draw to optimize cost of funds and debt duration.
- In collaboration with FPA, monitor and analyze actual reported
covenant levels and assess forecasts for impact on future covenant
levels.
- Maintain debt outstanding and undrawn availability in report
format.
- Maintain Notes Payable Schedule and prepare all related
payments of interest and principal.Liquidity/Cash Management
- Maintain adequate liquidity for daily operations and determine
when to transfer cash between general operating, collections and
money market accounts.
- Maintain bank account access for all accounts to ensure
appropriate segregation of duties between treasury and accounting
personnel in accordance with delegated authorities.
- Work in collaboration with Treasurer in the preparation of
capital forecasting reports.
- Cash flow management.
- Bank Statement review and maintenance.Investment Portfolio/FHLB
Liquidity Management
- Maintain and review monthly investment reports from third party
investment advisor and produce monthly. performance
report/dashboard on Investment Portfolio.
- Produce investment reports for LIIF's Finance Committee.
- Manage securities held at the FHLB, shifting collateral to
maximize liquidity capacity at FHLB.
- Process redemption and purchase requests where applicable.Other
Tasks
- Bank accounts- recommend establishment and maintenance of bank
accounts as needed.
- Due diligence support for ad hoc requests from LIIF's
lenders.
- Serve as a secondary liaison to lending and loan administration
staff, tracking forecast loan receivables fundings and
repayments.
- Assess opportunities for Treasury systems enhancements.
- Other duties as assigned.SKILLS REQUIRED
- Experience working with rating agencies, preferred.
- Prior exposure in accounting and reporting for notes payable
including covenant compliance.
- Experience with developing technology solutions to optimize
operating efficiency and data integrity preferred.
- Project management and/or special projects related to
Treasury.COMPETENCIES / ATTRIBUTES
- Business & Financial Acumen: Understand business issues, adapt
and remain flexible during times of change, comprehend business
operations and provide quality insight as to how to achieve goals
and ensure business success. Ability to understand the financial
effects of certain choices and actions and make informed
decisions.
- Interpersonal: Strong interpersonal skills and the ability to
build rapport across the company while quickly and confidently
gaining respect of others, including superior listening and
coaching skills.
- Emotional Intelligence: Energetic, forward-thinking, and
creative individual with high- ethical standards and an appropriate
professional image.
- Analytical: Experience with analyzing data to guide strategic
employment planning.
- Communication: Effective verbal and written communication
skills.
- Problem Solving: Ability to interpret and analyze complex data
and exercise initiative, sound judgment, problem-solving, and
decision-making.
- Technical: Ability to operate technical devices (e.g.,
computer, databases, laptop, tablet, smartphone etc.)EDUCATIONAL
AND OTHER REQUIREMENTS
- 10+ years of experience in a Finance role including some
exposure to treasury operations, capital raising, and/or non-profit
fund raising.
- Bachelor's degree in finance, accounting, other related
discipline.
- Certified Treasury Professional, preferred.APPLICATION
REQUIRMENTS:Please apply with a resume and cover letter:
Recruitment (adp.com)Notice to Third Party Recruitment
Agencies:Please note that Low Income Investment Fund does not
accept unsolicited resumes from recruiters or employment agencies.
In the absence of an executed Recruitment Services Agreement, there
will be no obligation to any referral compensation or recruiter
fee.In the event a recruiter or agency submits a resume or
candidate without an agreement Low Income Investment Fund shall
explicitly reserve the right to pursue and hire those candidate(s)
without any financial obligation to the recruiter or agency. Any
unsolicited resumes, including those submitted to hiring managers,
shall be deemed the property of Low Income Investment Fund. We do
not accept unsolicited phone calls. Only candidates being
considered for a position will be contacted.LIIF, an EOE (Equal
Opportunity Employer), believes that diversity ensures excellence.
All qualified applicants will receive consideration for employment
without regard to race, color, religion, sexual orientation,
gender, or national origin. Candidates of diverse background and
with diverse experience are strongly encouraged to apply for this
position.
Compensation details: 135000-145000 Yearly Salary
PI1938effa05f0-37248-35727320
Keywords: Low Income Investment Fund, East Point , Deputy Director of Treasury, Accounting, Auditing , Atlanta, Georgia
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