Treasury Analyst

Company Overview:

Peapack Private Bank & Trust is a leader in wealth, lending and deposit solutions. At Peapack Private, our clients are cared for by a single point of contact and are served by empowered employees who consistently go above and beyond to provide exceptional service and offer a boutique private banking experience.

What makes Peapack Private different? We are an institution that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the seventh consecutive year by American Banker as one of the "Best Banks to Work For" across the nation. In addition, we were selected as Crain's Best Places to work in NYC for our inaugural year, 2024. Our secret sauce in one word is our 'culture'.

At Peapack Private, we value a diverse and inclusive workspace, deeply committed to growing leaders at all levels of the organization thorough mentorship, career pathing, and professional development. There are multiple ways to build relationships and get involved - from joining our Cultural Ambassador Committee focused on areas like Wellness, Fun, Inclusion, or Environmental Awareness - to involvement in community service activities through Volunteerism. Said quite simply, the culture and the people who work here are amazing!

Position Overview:

Under the direction of the Cash Manager and the Cash Management Supervisor, the Treasury Analyst assists in managing the mobilization and flows of daily cash, including especially controlling external accounts, handling domestic and foreign wires, and settling Securities. Other duties may be assigned as needed.

Key Responsibilities:

Responsible for the coordination, execution and dispatch of incoming and outgoing wire transfers including, as necessary (50%):

Interbank transfers, free form wires, template wires, branch-initiated wires, draw downs, foreign wires, both USD and foreign currency

Helps to manage the activity in all PGFG cash accounts including (15%):

The Federal Reserve (including Reserve Requirement)

The Federal Home Loan Bank New York (including borrowing and payback), Wells Fargo

Monitors for funds transfer fraud and OFAC violations. Collaborates with the Compliance Department as necessary (10%)

Develops accounting entries for correspondent banks (5%):

Borrowings from the FHLB, Federal Reserve and federal funds from correspondents

The Reich & Tang fee and interest expense, throughout the month as required.

Foreign exchange wires done via Wells Fargo CEO

Manual entries as necessary for client wires and fees

Provide back-up accounting for finance staff on leave

Maintains cash planning, analysis and reporting to measure and monitor efficient operations and liquidity volatility risk

Assists in managing the pledging of securities collateral for the Federal Reserve and Federal Home Loan Bank

Performs client service by supporting the money transfer needs of Private Bankers, Treasury Services, Commercial Bankers and Branch Managers

Provides collateral management support to the manager of the Investment Portfolio to settle securities sales and purchases

Requirements:

Prior experience with bank cash management and wire transfers

Bachelor's degree or equivalent experience

Knowledge of Accounting

Working Knowledge of Microsoft Word, Excel, Outlook

Knowledge of Jack Henry Silverlake (Xperience), Fedline (FRB), FHLB (1Link and 1LinkSK for collateral), Synergy.

Preferred:

Knowledge of OFAC

Working knowledge of SWIFT

Experience settling Securities

Benefits Overview:

We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity/paternity leave, a hybrid work environment (for most roles), education reimbursement, wellness programs and more. We also offer participation in an Employee Stock Purchase Program and a 401K with a generous match.

The approximate pay range for this position is $46,042, to $58,000, plus an opportunity to earn performance-based incentives. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location.

Note: Incentives and/or benefits packages may vary depending on the position.