Manager, Finance - Product Profitability

PSCU/Co-op Solutions is now Velera! PSCU and Co-op Solutions became a single entity on January 2, 2024, and our new company name was announced on May 7, 2024. Our new brand represents our combined company’s shared mission and unique ability to drive velocity and positive momentum for credit union success in a new era of financial services.

• Monitor departmental performance to budget and assist EVP’s/SVP’s of all areas in developing financial    strategies to correct or minimize unfavorable budget variances.

• Administer the budget preparation forecast process; create and support necessary financial reporting to achieve department financial goals.

• Manage multiple projects, with ability to assess risk and recommend actions, work in a fast-paced environment and meet deadlines.

• Develop innovative organizational processes and achieve operational efficiencies to create desired business outcomes.

• Collect and analyze data and interpret the impact of short and long term economic trends on the corporation.

• Analyze past, current, and projected future financial performance through trend, ratio and sensitivity analyses.

• Communicate and influence decision-making through analysis and conclusions that direct the development of financial Plans that achieve corporate business plan requirements.

• Participate in Senior Leadership meetings and represent department on projects and subcommittees dealing with global company financial issues, on an as needed basis.

• Product Profitability Actuals & Planning: - Lead company-wide financial planning and forecast process - Develop accurate and timely financial plans/forecasts using knowledge of the business units operational needs - Work closely with senior management as Financial Business Partner providing the business unit with day-to-day financial support - Prepare detail variance analysis (actual results compared to Plan/Forecast) and identifies opportunities and risks and provides recommend course of action - Tracks, prepares and analyzes revenue and cost associated with past, current and future financial performances as well as reports on key performance metrics and trends, providing meaningful commentary and business recommendations - Participates directly in monthly close process and prepares detailed revenue and cost accruals to ensure the accurate reporting of monthly results and to enable client level reporting/evaluation. - Collect, analyze and compile a wide array of company level information for inclusion in reports to be delivered by the CFO and line of business senior management.

• Analysis: - Design and execute analytical models to effectively analyze data and identify trends, performance results, and quantification and validation of risks and opportunities. Combine financial analysis with an understanding of the business to recommend actions that drive management action to achieve the strategic plan and Company objectives. - Partner with stakeholders to validate analyses, solicit input, direction, and deliverable timing to develop desired output and implementation recommendations. - Communicate with stakeholders in a persuasive way that resonates with them by translating complex financial concepts into understandable and actionable recommendations. - Convey results of operational performance to stakeholders and using results of analysis develop recommendations for course corrections or continued success.

• Perform other duties as assigned.

Qualifications

• Bachelor’s degree in Business Administration or related field, or equivalent combination of education and work experience required.

• Master’s or MBA is preferred. 

• Professional Certifications are a plus.

• Advanced working knowledge of Oracle required

• Ten (10) years of diversified business experience required.

• Ten (10) years financial or accounting experience required.

• Prior people leadership experienced preferred. 

About Velera

At Velera we are committed to fostering a workplace where every employee feels valued, respected, and connected. We understand, attract and engage a diverse workforce where every employee can live up to their full potential; ensuring that our employee base reflects the consumers we serve. The result of this effort is an inclusive environment where diverse talent thrives. We strive to foster a safe and inclusive work environment for people to bring their authentic selves in order to build a better community within our company and with our partners.   Learn more about our commitment to Diversity, Equity, and Inclusion HERE!

Pay Equity

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Actual Pay will be adjusted based on experience and other job-related factors permitted by law.

Great Work/Life Benefits!

• Competitive wages

• Medical with telemedicine

• Dental and Vision

• Basic and Optional Life Insurance

• Paid Time Off (PTO)

• Maternity, Parental, Family Care

• Community Volunteer Time Off

• 12 Paid Holidays

• Company Paid Disability Insurance

• 401k (with employer match)

• Health Savings Accounts (HSA) with company provided contributions

• Flexible Spending Accounts (FSA)

• Supplemental Insurance

• Mental Health and Well-being: Employee Assistance Program (EAP)

• Tuition Reimbursement

• Wellness program

• Benefits are subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions

Velera is an Equal Opportunity Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, citizenship status, or membership in any other group protected by federal, state or local law.

Velera is an Equal Opportunity Employer that complies with the laws and regulations set forth in the following "EEO is the Law" Poster and the "EEO is the Law" Poster Supplement. Velera will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the legal duty to furnish information.

Velera is an E-Verify Employer. Review the E-Verify Poster here (English and Spanish). For information regarding your Right To Work, please click here (English and Spanish poster).

As an ongoing commitment to reasonably accommodate individuals with disabilities please contact a recruiter at [email protected] for assistance.