Belal Akhtar
About Belal Akhtar
Belal Akhtar is a Senior Treasury Analyst at Peapack-Gladstone Bank Private Banking, where he has worked since 2019. He specializes in analyzing municipal, business, and retail deposits and has a background in economics and finance.
Work at Peapack-Gladstone Bank
Belal Akhtar has been employed at Peapack-Gladstone Bank Private Banking since 1921, serving as a Senior Treasury Analyst since 2019. In this role, he performs detailed analysis for municipal, business, and retail deposits, focusing on averages, standard deviations, and sensitivity analysis for the bank's Treasurer. His responsibilities include creating a quarterly volatile liabilities report that compares the bank's deposit, CD, and borrowing balances and rates to national and regional rate caps. He also manages collateral pledging for a $1 billion commercial loan portfolio to the Federal Reserve Bank and Federal Home Loan Bank.
Education and Expertise
Belal Akhtar completed his high school education at Sayreville War Memorial High School, earning a High School Degree from 2004 to 2008. He then pursued a Bachelor of Arts in Economics at Rutgers, The State University of New Jersey-New Brunswick, studying from 2008 to 2012. Following this, he obtained a Master of Business Administration (M.B.A.) in Finance from Rutgers Business School, completing his studies from 2015 to 2019. His educational background provides a strong foundation for his analytical work in treasury management.
Previous Roles and Experience
Before his current position, Belal Akhtar worked at Peapack-Gladstone Bank as a Data Quality Officer from 2017 to 2019. His earlier experience includes serving as an Underwriter Assistant at NIP Group, Inc. from 2012 to 2019 and as an Inventory Auditor at RGIS from 2009 to 2014. These roles contributed to his expertise in financial analysis and data management, enhancing his capabilities in his current treasury analyst position.
Achievements in Treasury Analysis
Belal Akhtar has led projects that resulted in significant cost savings for Peapack-Gladstone Bank, including a project that saved approximately $250,000 by reducing high interest-bearing deposit accounts. His analytical skills are further demonstrated through his creation of detailed reports and his role in approving wires and building meeting packages for executive meetings, showcasing his contributions to the bank's financial strategy.