VP, Finance

This position has a Hybrid schedule, remote access will be activated after successfully completing 90 days in the role onsite.

Position Summary

The position of VP Finance is established to manage all aspects, duties and responsibilities of the management financial analysis functions and maintain quality service standards set by the organization. This includes the effective management of the following areas:

• Leadership, coaching and development of Financial Analysis Team
• Annual Budget and Financial Forecasting
• Financial Analysis
• Audit and Exam Support
• Current Expected Credit Loss (CECL)
• Financial Database Management
• Organizational and Product Profitability Analysis
• Special Projects

Minimum Qualifications (Education, Experience, Skills)

• BS Degree with emphasis in Finance, Accounting or Economics.
• CFA, CPA or MBA is a plus.
• 10 years of experience in financial management/accounting and demonstrated track record of success in all areas of responsibility.
• Advanced level spreadsheet, database, word processing and presentation software skills required.
• Effective interpersonal skills.
• Strong knowledge of financial products and services, general ledger usage, and database management are required.
• Demonstrated success in planning, organizing, leading and oversight of people and activities. 
• Professional and effective interaction, verbal and written communication skills.
• Organization skills sufficient to successfully manage multiple projects, establish priorities and meet deadlines.
• Track record of applying critical thinking and emotional intelligence skills in a wide variety of situations.

Key Relationships

Work closely with Senior Management Team and other departments on a continual basis, gain a solid understanding of their business models and practices, and possess an ability to provide financial analysis and recommendations to the team as requested and on a proactive basis. 

Essential Duties and Responsibilities

Management and Leadership:

• Responsible for the planning, direction and development of all staff members.
• Responsible for the employment, coaching, training, motivation, evaluation and discipline of all staff members.
• Provide managerial oversight of the activities for areas of responsibility, including assigned staff and functional deliverables of the team. 
• Demonstrate leadership in words and actions on a daily basis; act as role model for success and engagement. Create a positive work environment conducive to trust and transparency.
• Responsible for the performance management of staff, to include daily feedback, coaching and mentoring; administration of appraisals that are timely and meaningful. Identify and address deficiencies constructively. Continually support, encourage and motivate team members toward ongoing growth and development.
• Consult with Human Resources (HR) on issues outside of the normal scope of performance or behavior. Report all issues of safety or legal consequence immediately and surface undesirable patterns as they are discovered. Partner with HR on all employment decisions, and refer requests for changes in terms or scheduling to the HR department. 
• Monitor approved schedules, review and approve timesheets of staff, and ensure all expenses are reported as per company policy. Schedule and provide staff the opportunity for meal and rest breaks, while ensuring operational coverage is maintained. 

Annual Budget and Financial Forecasting:

• Lead, develop and administer all aspects of the preparation of the annual budgeting process.
• Provide financial support, analysis, and counsel to departments throughout the budget cycle.  Work closely with key management team members to prepare and develop financial forecast and risk analyses as needed for the senior management.
• Prepare and develop appropriate input methods and materials that will allow the accurate collection, consolidation and maintenance of budget data.  This includes input for all balance sheet and income statement items.
• Develop and maintain timely integration between the budget consolidation and ALM related models.
• Work closely with the CFO and SVP Finance to assimilate and develop economic and industry information for integration into the budgeting/forecasting process.
• Prepare appropriate senior management and Board of Directors review materials for the annual budget.

Financial Analysis:

• Perform financial modeling, forecasting, and reporting of pertinent and relevant financial analyses projects that will enhance the senior management team’s understanding of financial performance.
• Oversee the development and preparation of all ALCO and Pricing Committee materials.
• Analyze the profitability of selected products and organizational units, as well as major credit union capital expenditures.  Establish policies for these analyses processes.
• Analyze and communicate all credit union peer group related data and information.

Audit Support:

• Act as key liaison for annual financial statement audit, NCUA exam, internal audits, and model validations
• In collaboration with the CFO and SVP Finance, work directly with auditors, as needed, to address inquiries in a timely manner

Current Expected Credit Loss (CECL)

• Manage the CECL model, including calculation, review, and analysis of monthly results
• Prepare monthly CECL Committee meeting materials, including calculation results, Key Performance Indicator (KPI) reporting, and ongoing model enhancements
• Process “what-if” scenarios in CECL software to demonstrate to management alternative outcomes with differing assumptions

Financial Database Management:

• Design and develop financial reports utilizing the organization’s SQL databases to provide timely Key Performance Indicators (KPI) to management.
• Maintain the integrity and accuracy of all financial data used for management reporting, financial analysis, budgeting, ALM simulation and cost accounting.

Organizational and Product Profitability Analysis:

• Responsible for the development, maintenance and administration of organizational and product profitability for the credit union.
• Ensure the control and integrity of the profitability models
• Develop product profitability policies in conjunction with senior management and other pertinent staff members.
• Provide key insights to other departments regarding product profitability and work closely with them to develop and recommend optimal solutions.

Special Projects:

• Working closely with other key team members, actively lead and/or participate in numerous project teams.

Other Duties & Responsibilities

• Perform other duties as assigned.

Physical Demands and Work Environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and use hands to finger, handle, or fell objects, tools or controls. The employee frequently is required to talk or hear. The employee is occasionally required to stand; walk, reach with hands and arms; and stoop, kneel, crouch, or crawl.

The employee must regularly lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

The noise level in the work environment is usually moderate.