Treasurer

Location : Address

Location : City

Location : Postal Code

Responsibilities

JOB SUMMARY:

• The Treasurer of the credit union is responsible for overseeing the financial operations of the balance sheet of the organization specifically related to Investments, Liquidity, ALLL and Capital.
• This job description describes the scope of responsibility and essential functions of this position but should not be considered an all-inclusive listing of work requirements.

KEY JOB RESPONSIBILITIES:

• Accounting for and managing ALLL calculations both on and off-balance sheet
• Management of liquidity including maintaining adequate cash flow to enable the credit union to operate efficiently
• Management of stress testing including liquidity, capital and IRR/EVE back testing
• Management of loan sales on the secondary market to ensure the Credit Union is maximizing profits
• Management of MSR portfolio
• Management of Hedging for MSR portfolio and loan pipeline
• Advising management on financial matters, including investment decisions.
• Maintain relationships with investors and brokers to identify and develop new opportunities.
• Utilize economic data and market trends to identify and mitigate risk
• Ensuring the safekeeping and security of all investments
• Preparing and monitoring the annual budget for ALLL and investments according to the approved business plan
• Management of liquidity including maintaining adequate cash flow to enable the credit union to operate efficiently
• Management of stress testing including liquidity, capital and IRR/EVE back testing
• Ensuring proper recording and compliance of financial transactions for investments to the credit union's bank account.
• Collaborating with accountants and auditors to ensure compliance with statutory and regulatory requirements.
• Maintain updated detailed job procedures, complete required annual training, and remain current on all regulatory requirements

Qualifications

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Associate’s or Bachelor’s degree in Accounting or Finance, strongly preferred
• Certified Public Accountant (CPA) license preferred
• At least five years of experience in a financial service organization’s accounting, finance or treasury department
• Ability to maintain confidentiality
• Ability to read and comprehend instructions, correspondence, and memos
• Ability to multi-task, work in a fast paced, changing environment and maintain a commitment to accuracy and timeliness
• Excellent communication skills
• Ability to effectively present information in one on one and small group situations to members, team leader, and other team members of the organization
• Ability to operate in a team environment to accomplish shared goals
• Ability to effectively manage time as related to tasks
• Strong attention to detail

Who We Are

Michigan First Credit Union was founded 100 years ago (1926) by educators and delivers world-class service to more than 160,000+ members at our branches throughout the State of Michigan, and we’re still growing! We offer financial solutions for every life stage and seek to positively transform our members’ lives through personalized service that meets their unique needs.

Simply put, Michigan First Credit Union’s sole mission is to provide the highest quality member experience. Working here, you’ll get to participate in a strong culture, centered around service, professionalism, and growth.

Michigan First highlights:

• 500+ team members
• 32 locations spanning Grand Rapids, Jackson, Lansing, Muskegon and throughout Metro Detroit
• Industry leader in community support and charitable giving through the Michigan First Foundation
• Member Services Call Center operates 24/7/365
• Over $1.5 Billion in assets

Awards Michigan First Credit Union has been the proud recipient of:

• 2025 Best & Brightest in the Nation
• 2025 Best & Brightest in Metro Detroit
• 2025 Best & Brightest in West Michigan
• 2025 Best Credit Unions to Work For
• 2025 Crain’s Cool Places to Work in southeast Michigan
• 2025 Detroit Free Press Top Workplaces
• 2025 Financial Services Top Workplaces
• 2025 Fall Culture Excellence Top Workplaces
• 2024 Michigan Veterans Affairs Agency - Certified Veteran Friendly Employer - Bronze Level
• 2021 Credit Union of the Year by NAFCU (National Association of Federally-Insured Credit Unions)

Benefits and perks of joining our award-winning team include:

• Very competitive pay
• Low-cost medical, dental, and vision benefit options. Employer-paid life and disability insurance
• 401(k) - 100% match up to 5% deferral
• Tuition reimbursement for both Undergraduate and Graduate degree program
• Access to a complimentary concierge service that assists with nearly any item on your to-do list
• Free, state-of-the-art fitness center at our Lathrup Village headquarters with exercise equipment, showers and locker rooms
• Wellness initiatives and events throughout the year to help team members stay healthy
• Loan discounts for certain secured and unsecured loans and mortgages
• Opportunities for pay increases, incentives and profit-sharing, based on performance
• Onsite subsidized top notch Cafe 26 for team members' use
• Onsite bowling center

Michigan First Credit Union is an Equal Opportunity Employer.