Directions - Discovery Communications
12:30 - 1:00 p.m. Buffet Lunch, Welcome and Introductory Remarks
1:00 - 1:50 p.m. Topic: Crafting an Investment Policy and portfolio benchmarking - Presented by James Long.
This session will discuss the specific factors to consider when crafting a short-term investment policy and choosing an appropriate benchmark to match your needs.
Participants will gain a greater knowledge of the following:
- Laying a framework for your investment policy that clearly defines scope, roles and responsibilities, investment objectives and guidelines
- The positive effect that minor modifications to the specific language contained in the investment policy can create for a portfolio, without adding meaningful risk
- Choosing an accurate benchmark that reflects the objectives of your portfolio, which specifically addresses the historical returns for the selected benchmark and the number of quarters the benchmark has earned negative returns
- Analyzing historical asset classes, and related sector risk/return performance, to better understand the potential effects of certain credit concentrations and/or investment horizons on a portfolio.
Speakers: James Long, Managing Director, U.S. Bancorp Asset Management, Inc./ First American Funds, Charlotte, NC
James is responsible for new business development and client relations for the corporate, non-profit and public sector entities in the southeastern United States. James began working in the financial industry in 1993 and joined U.S. Bancorp Asset Management in 2011.
Prior to joining U.S. Bancorp Asset Management, James was a sales director for short-duration fixed-income liquidity at Evergreen Investments. Previously, he was a corporate trust relationship manager at Wachovia Bank. James received a B.S. in finance from Florida State University.
2:00 - 2:50 p.m. Topic: AFP Benchmarking Survey - Presented by Sandy Saxer
Benchmarking is one of the means to assess the relative efficiency and effectiveness of one organization versus others of similar nature. The fourth Treasury Benchmarking Survey was conducted by the AFP and IBM Corporation, and supplemented by alumni members of The Financial Executives Networking Group (The FENG). This session will look at the section specifically talking about bank relationships and key implications for optimizing your organization’s treasury operations. Where appropriate, suggestions will be discussed that provide input for your interpretation of the survey results, and their practical application to generate enhanced organizational performance.
Participants will gain a greater knowledge of:
- Treasury practices across large, medium and smaller corporate entities
- Industry trends on the composition of treasuries and their respective relationships, including counter party risk considerations
- Operational insights into key functions such as cash flow determination, transaction execution, etc.
- Ideas that may be useful in assessing treasury operations going forward.
Speaker: Craig S (“Sandy”) Saxer, Senior Vice President, Treasury Management Group, PNC Bank, Philadelphia, PA
Mr. Saxer has spent most of his 43-year career as a treasury professional and consultant to corporate treasuries. In his current assignment, he is responsible for sales opportunity development and treasury management’s strategic development focus on working capital services for clients and prospects. He also served on the board of Haverford Community Hospital as Treasurer from 1979 through 1994.
Mr. Saxer graduated from Haverford College in 1969, with a B.A. in Economics, and is a Certified Public Accountant in the State of Pennsylvania. He also holds a permanent Certified Cash Manger (CCM) designation from the Association of Financial Professionals (AFP). He is a frequent speaker at AFP, Kenan-Flagler School of UNC and various regional treasury, accounting and credit associations. Mr. Saxer has authored several articles addressing EDI: Data and Payments Issues, Advanced Cash Management Measurement techniques and Evolution of the Strategic Treasury Function.
Please register by February 6, 2012, using our online meeting registration form (www.gwafp.org).
CPE, CAE, and CTP CREDIT INFORMATION
Course attendance recommended for 1 CPE, CAE or CTP credit per 50 minutes.
Delivery Method: Group-live
Program Level: Intermediate
Prerequisites: No Prerequisites Required
Advanced Preparation: No Advanced Preparation Required
Greater Washington Association of Financial Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN37219-2417. Website: www.nasba.org.
CANCELLATION AND REFUND POLICIES
Sessions generally will be cancelled only for inclement weather. If the U.S. Government closes due to severe weather, the session will be cancelled. Every effort will be made to notify registered participants of the cancellation by email. In the event of advance payments, participants may request funds be applied to the next upcoming meeting provided 48 hours of notification are given.
Complaints should be directed to the Education Committee; if resolution cannot be achieved at this level, the complaint will be reviewed by the Executive Committee.
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For more information:
Contact: Donna Ryan