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Local Initiatives Support Corporation (LISC) · 6 days ago

Director of Treasury Operations

NYC Metro Area

Full-time

Onsite

Director/Executive

$117K/yr - $146K/yr

8+ years exp

Local Initiatives Support Corporation (LISC) is one of the country’s largest community development organizations, helping forge vibrant, resilient communities across America. The Director of Treasury Operations will oversee cash management and transaction processing, monitor reconciliations with the Accounting Department, and implement best practices to enhance efficiency in treasury operations.

AssociationBusiness DevelopmentCommunitiesHealth CareNon Profit

Responsibilities

Oversee daily cash management requirements and transaction processing

Ensure adequate cash balances for daily operations

Review and release wire transfer and ACH transactions

Evaluate cost and services of current provider’s and competitors’ treasury management portals

Manage systems, collection, and storage of transaction data

Act as primary security administrator for J.P. Morgan Access and other treasury management portals

Direct proper maintenance of files and preservation of essential documentation

Partner with the Accounting Department on monthly reconciliations

Liaise with Accounting to oversee proper monthly recording of cash and investment portfolio activity

Serve as project manager for CDFI Bond Guarantee Program (BGP)

Ensure compliance and reporting requirements are met

Monitor pledged loans and oversee collateral substitutions

Invest monies in BGP debt service and risk-share accounts

Identify opportunities for process improvements and implement best practices in treasury operations

Review policies and procedures on an annual basis to ensure automation and best practices are incorporated

Collaborate with colleagues in IT, Lending, and Legal departments to incorporate ongoing process improvements and prompt resolution of inter-departmental issues

Support loan portfolio reporting functions within Treasury

Support the analytic needs of Chief Financial Officer, Senior VPs of Lending, Chief Credit Officer, Treasurer and field offices with ad hoc analyses, projections and financial models

Cross-train on internal and external reporting, including monthly loan portfolio performance and trends, quarterly portfolio analysis, and external reporting to S&P, AERIS, CDFI Fund, etc. Provide inputs and backstop these functions as needed

As needed, assist in coordinating reporting to LISC’s current lenders and due diligence packages for lenders, industry surveys, and funding applications

Perform additional duties, as required

Qualification

Cash managementTreasury operationsJ.P. Morgan AccessAnalytical skillsMicrosoft ExcelProblem-solvingTime managementOrganizational skillsCommunication skillsCollaborationAttention to detail

Required

Bachelor's degree from an accredited college or university or relevant requisite work experience

Minimum eight (8) years of work-related experience in cash management and treasury operations

Demonstrated analytical and problem-solving skills, sound decision-making ability, and a proven focus on operational excellence

Prior experience working with a treasury management portal

Strong time management and organizational skills in a demanding fast paced environment

Outstanding written and verbal communication skills with a strong attention to detail

Skilled in aligning tactical decision making with organizational strategy to drive greater impact

Ability to prioritize and handle multiple tasks/deadlines

Positive attitude, strong work ethic, and a desire to work collaboratively across the organization

Proficiency in Microsoft Office suite, particularly Microsoft Excel

Commitment to LISC's mission and values

Preferred

non-profit experience preferred

experience using J.P. Morgan Access preferred

Familiarity with Salesforce or similar CRM platforms a plus

Benefits

Medical, Dental, Vision Coverage: Comprehensive health plans for you and your family's well-being

Disability Insurance: Long-term and short-term coverage for peace of mind

Retirement Savings: Secure your future with our 401(k) and 403(b) plans

Generous Holidays: Enjoy ample time off to recharge and celebrate

Vacation, PTO, and Sick Days: Take advantage of flexible time-off policies to maintain work-life balance

Tuition Assistance: Pursue your educational goals with support from our tuition assistance program

Referral Program: Earn rewards for referring qualified candidates to join our team

Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals