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Director of Treasury Operations

Hybrid; New York City - LISC National Headquarters

LISC is one of the country’s largest community development organizations, helping forge vibrant, resilient communities across America. LISC works with residents and partners to close gaps in health, wealth, and opportunity so that people and places can thrive. We do this by acting as a conduit for grants, loans and equity--and by providing technical assistance and capacity building--to locally rooted organizations that carry out the work in communities.

 

Position Description

Local Initiatives Support Corporation (LISC) is seeking to fill the position of Director of Treasury Operations. This position will be part of LISC’s Treasury Department and will report to LISC’s Vice President & Treasurer. The Director will work in close coordination with other members of LISC Treasury as well as Accounting, FP&A, IT, Legal, and Lending. The Director of Treasury Operations will be responsible for cash management and transaction processing (approving wire transfer and ACH transactions). The Director will also monitor monthly reconciliations with the Accounting Department, oversee treasury management, identify opportunities for process improvements, and implement best practices to enhance efficiency and accuracy in treasury operations. The Director will cross-train on Treasury reporting activities and provide support to this function as needed. The primary duties of the position include:

  • 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 

 

Qualifications 

  • 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; non-profit experience preferred.
  • 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, experience using J.P. Morgan Access preferred.
  • Familiarity with Salesforce or similar CRM platforms a plus.
  • 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.

Compensation

LISC provides a competitive salary ($116,874-$146,092) and excellent fringe benefits for this position.

*Actual salaries may be based on several factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications.

Our benefits include: 

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.

LISC is an equal opportunity employer. LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.

We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.

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