Deputy Director of Treasury

Job Description

LOW INCOME INVESTMENT FUND

DEPUTY DIRECTOR OF TREASURY

Location: San Francisco, Los Angeles, New York, Washington D.C, Atlanta

Reports to: Vice President, Treasurer

Exempt Classification: Exempt

Status: Regular Full-Time

Salary 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 activities
  
  

Essential 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.