Assistant Treasury Officer

Overview

Primary Purpose Of Job Reports directly to the Chief Financial Officer managing and leading key treasury-related functions of the bank.

• Southern Bank team members are a family, rooted in the communities we serve and working together to be the best in our industry, utilizing innovative ideas and strong products. The Southern Bank Patch illustrates these ideals.
• Ensures the confidentiality of customer non-public personal information and secures information systems to comply with bank regulations.

• Understands the bank’s objectives in maintenance of an investment portfolio, works with senior management to recommend investment opportunities, reports on the bank’s investment activity, and summarizes the performance of the portfolio.
• Understands and reports on the bank’s interest rate risk profile, utilizing software designed to complete advanced modeling of the bank’s financial position in different interest rate environments; evaluates model output, works with outside parties to validate model output; works with senior management to recommend strategies to limit or manage interest rate risk.
• Understands the bank’s tax position and the implications of various bank strategies including tax-advantaged investments, acquisition of tax credits, and other tax activities unique to financial institutions.
• Regularly monitors and projects the bank’s cash position and funding needs; works with senior management to recommend liquidity strategies that are complementary to the bank’s interest rate risk and investment positions while meeting short- and long-term liquidity needs.
• Works with senior management to evaluate and recommend wholesale funding opportunities;
• Works with senior management and market management in the process of evaluating opportunities to bid for deposits of local public units, to include assessing the cost of providing services as compared to the bank’s ability to utilize such funding.
• Monitors and manages bank’s pledging responsibilities for public units, and
• Is responsible for monthly accounting accruals related to the bank’s bond portfolio.

The following specifications are general guidelines based on the minimum education and experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

• Self-motivation;
• Strong written and verbal communication skills; and
• A detail-oriented work ethic, the ability to meet deadlines, and the ability to multi-task in a fast-paced environment.

• A bachelor’s degree or higher in the field of Finance, Accounting, Economics, or a related discipline;
• Experience in auditing or accounting for financial institutions, fixed-income investing, bond accounting, or advanced financial modeling; and
• Experience providing banking services to public units, including responding to requests for proposals for banking services.

• Family & Trust:
  Southern Bank team members build relationships based on trust and mutual respect, maintain an inclusive and honest environment and uphold integrity and transparency in all interactions.
• Rooted & Service:
  Southern Bank team members are committed to serving customers, communities and teams with purpose, professionalism, and respect, while effectively communicating and actively listening to meet their needs.
• Innovation & Strength:
  Southern Bank team members foster collaboration and continuous improvement, encourage visionary thinking, and strive for excellence to drive the organization forward.
• Building Partnerships:
  Identifying opportunities and taking action to build strategic relationships between one’s area and other areas, teams, departments, units, outside vendors and partners, or organizations to help achieve business goals.
• Leadership Disposition
  - Back Office:
  Demonstrating the traits, inclinations, and dispositions that characterize successful leaders; exhibiting behavior styles that meet the demands of the leader role.
• Aligning Performance for Success:
  Focusing and guiding others in accomplishing work objectives.