Treasury Manager

Company Description

Heritage Bank N.A. is an employee‑owned financial institution with operations in Minnesota and South Dakota and customers across the United States. The bank provides mortgage lending, commercial banking, agricultural banking, and a full range of deposit products to individuals and businesses. Team members are also employee‑owners, which aligns accountability to customers and colleagues and supports a collaborative, results‑driven culture. Heritage Bank emphasizes continuous improvement, innovation, and long‑term success, offering competitive compensation, benefits, and an ownership structure that rewards contribution and performance.

Leads the bank's liquidity management and funding operations, serving as the primary owner of liquidity strategy, funding execution, and asset‑liability management (ALM) activities. Oversees daily liquidity positioning, develops and maintains funding strategies, and ensures compliance with internal policy limits and regulatory expectations. Partners closely with finance leadership and the ALCO to align treasury activities with the bank's financial performance and strategic objectives.

Provides expert analysis, reporting, and recommendations to support executive decision‑making related to liquidity, margin, capital, and interest rate. Supports and works closely with capital markets activities including loan pricing, secondary market execution, and pipeline management.

• Monitor daily liquidity position and ensure compliance with internal policy limits
• Manage funding sources, including core deposits, brokered deposits, FHLB advances, and fed funds lines
• Prepare liquidity forecasts and perform stress testing to support planning and regulatory expectations
• Maintain and periodically test the Contingency Funding Plan (CFP)

• Support ALCO process, including preparation of reporting and analysis
• Assist with interest rate risk modeling (NII and EVE simulations)
• Analyze deposit trends, loan growth, and cost of funds
• Provide insights to support balance sheet strategy and margin optimization

• Support month‑end and quarter‑end processes through balance sheet and funding‑related analysis
• Assist in financial reporting by providing insight into liquidity, funding costs, and interest income/expense drivers
  
  Perform variance analysis and support internal management reporting
• Assist with audit requests and regulatory examinations related to treasury and balance sheet

• Assist in monitoring the securities portfolio, including cash flows, duration, and performance
• Support investment activity tracking and alignment with accounting records
• Ensure compliance with investment policy guidelines
• Coordinate with capital markets on hedging strategies and best execution analysis for loan sales
• Provide analytical support for gain‑on‑sale margin tracking and investor reporting

• Support capital planning and forecasting activities
• Evaluate funding strategies in relation to loan growth and new initiatives
• Assist with stress testing tied to capital and liquidity

• Identify opportunities to improve efficiencies and optimize processes across finance and accounting
• Maintain strong internal controls and documentation
• Support automation and reporting enhancements in partnership with IT/data teams

• Mission – Helping People Succeed Financially
• Ethics – We always do the right thing at work and in our personal lives
• Solution – We bring solutions to challenges and are always looking for ways to be better
• Ownership – We are accountable in our roles and accept responsibility for our mistakes
• Positivity – We bring positive energy and enthusiasm to everything we do

This position provides an annual salary range of $105,000 – $125,000. Full‑time team members enjoy a comprehensive benefits package including paid time off, paid holidays, and paid volunteer days. Health coverage includes medical, dental, and vision insurance. Retirement plans include a 401(k) and an ESOP. Additional benefits…