POSITION: Part-time Treasury Manager
COMPENSATION: $70.00-$75.00/hour DOE (20 hours per week)
Charities Housing's mission is to develop, own and manage the highest quality affordable housing for extremely low and very low-income individuals, families, and those in our community with special needs. For nearly 30 years, through service enhanced property management and structured resident involvement, Charities Housing has fostered and supported the highest standards of human dignity in our communities. The culture at Charities embraces a respectful, diverse, and empowered environment. We value a healthy work-life balance and encourage everyone to speak up and step up. Growth, mentorship, and training are priorities for our teammates. We like to think outside the box and keep our entrepreneurial spirit alive and strong as the company continues to grow. We believe in working hard, but also having fun along the way and celebrating our accomplishments.
DESCRIPTION OF POSITION: This position is responsible for managing the monetary aspects of Charities Housing, including cash flow, liquidity, funding and relationship with financial institutions. The Treasury Manager will also be responsible for providing professional-level support to the Director of Asset Management in a variety of areas.
PREREQUISITES:
Experience: Must have prior experience with treasury management including managing debt portfolios, liquidity and cash flow forecasting, and techniques for analysis of funding and hedging. Ability to demonstrate strong analytical background and problem-solving skills. Experience with affordable housing financial data review is preferred.
Ability: Must show ability to be a quick learner, self-motivated and detail- oriented and enjoy working with others.
Organization: Must be well organized and have the ability to prioritize duties and responsibilities, ability to multitask, and deal effectively and professionally with people and work in a fast-paced office environment.
MINIMUM QUALIFICATIONS:
Education: Bachelor's degree with coursework in Accounting, Business Administration, Finance or a closely related field
Experience: Minimum five years' experience in professional treasury experience, affordable housing industry experience preferred
SUPERVISION RECEIVED:
Receives direct supervision from the Director of Asset Management and may receive direction from higher level positions.
ESSENTIAL JOB FUNCTIONS:
The following duties are normal for this position, but this list is not to be deemed all-encompassing. Other duties may be required and assigned.
- Serve as the administrator of Charities' banking services system, overseeing user access, permissions, and overall platform management; serve as the primary liaison with banks for system issues, new services, and technical setup; ensure compliance and internal controls related to bank platform access and transactions and maintain up-to-date banking documentation such as authorized signer lists and service agreements
- Implement and periodically review the Investment strategy and monitor investment activities to ensure an optimal mix of risk and return. Maintain liquidity needed to operate and determine the optimal mix of cash and investments according to Charities' investment policy
- Invest excess capital funds from wholly owned properties based on Asset Management's cash‑needs analysis
- Monitor and manage opening and closing of bank accounts, and manage bank fees to ensure cost‑effective cash‑management services
- Maximize insured bank balances at both Corporate and individual property level by leveraging appropriate banking products to ensure both liquidity and regulatory compliance
- Monitor Charities' debt portfolio, ensuring that: all payments are completed in a timely manner, loan accounts are periodically reconciled, payment issues are investigated and resolved, on-going debt covenants are being met, and debt re-financing opportunities are properly identified and executed
- Manage lender-held escrow accounts, review lender analysis of escrow balances, identify, investigate and resolve issues on a timely basis
- Monitor Charities reserves to ensure compliance with internal policies and procedures
- Build and maintain good banking/lender relationships, identify opportunities to better utilize Charities' banking services
- Perform special projects and other duties as assigned
PHYSICAL REQUIREMENTS:
- Driving or ability to travel between different locations in Santa Clara County
- Computer use
- Sitting at desk for extended periods of time
The above intends to describe the general nature and level of work being performed by people assigned to this job. It is not intended to include all duties and responsibilities. The order in which duties and responsibilities are listed is not significant.
Charities Housing is an equal opportunity employer. Qualified applicants are considered for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, gender identity, disability, or veteran status, or any other classification protected by state or federal law. If you need assistance or a reasonable accommodation during the application process because of a disability, it is available upon request. Charities Housing is pleased to provide such assistance, and no applicant will be penalized as a result of such a request.
We are looking to make an immediate hire. This position will remain open until it has been filled. If we receive resumes from qualified candidates, we reserve the right to start the hiring process at any time.
Principals only. No calls please. We will only respond to those persons who are deemed qualified at the sole discretion of Charities Housing. For more information about Charities Housing, please visit our website www.charitieshousing.org.
No relocation benefits will be provided.
