The VP of Finance will lead financial planning, forecasting, and reporting functions, providing insights and strategies to achieve sustainable growth while mentoring the finance team and collaborating with leadership.
First Entertainment Credit Union is looking for a VP of Finance who will serve as a key strategic advisor and financial leader to the CFO and senior leadership team. The VP of Finance offers critical financial perspectives and data-driven recommendations necessary to drive operational excellence and sustainable growth. This role will oversee the financial planning, forecasting, asset/liability management, allowance for credit losses, and reporting functions to help meet the company’s growth objectives.
The VP of Finance will collaborate closely with cross-functional teams to ensure understanding and alignment with finance related objectives. The role will also play a critical role in developing talent, optimizing team performance, and supporting a strong culture of financial discipline, accuracy, and insight.
This is a full-time, hybrid opportunity reporting to the SVP & CFO and is based in Hollywood, CA. The targeted pay for this role in California is between $195k and $245k.
Responsibilities
· Lead the annual budgeting process on on-going forecast updates using ProfitStars, including the maintenance, enhancement, and the optimization of the ProfitStar model, assumptions, and reporting.
· Lead the analysis for the allowance for credit losses under the CECL methodology.
· Partner with business leaders to ensure accurate financial inputs, key drivers, and scenario analysis.
· Provide executive-level insight into budget variances, trends, risks, and opportunities.
· Serve as primary liaison with the Credit Union’s broker-dealer partner responsible for running the ALM/IRR model.
· Review challenge, and validate model assumptions, scenarios, and outputs to ensure regulatory and strategic alignment.
· Develop comprehensive business plans for new initiatives and conduct rigorous financial analysis to evaluate feasibility and potential returns.
· Prepare, review, and deliver accurate and timely financial reports for the senior executive team (ELT & SLT), ALCO, Finance Committee, and the Board of Directors.
· Build, mentor and lead a high-performing finance team, fostering a team culture of accountability and operational excellence.
· Partner with the CFO and ELT to support strategic planning and long-range financial modeling.
At First Entertainment, your role and every role are essential to our Mission [We build lifelong financial relationships with the people in entertainment based on a deep understanding of how they live and work], Core Values [Members First + Ownership + Integrity + Innovation + Inclusivity + One Team], and we expect you to uphold them.
Requirements
· Bachelor’s degree in finance, Accounting, Business Administration, or related field is required. CPA or MBA preferred.
· Minimum of 10+ years of progressive experience in financial leadership roles within the financial institution space.
· Strong financial acumen and deep knowledge of financial planning, analysis, and reporting.
· Knowledge and experience with member, product and branch profitability models.
· In-depth knowledge of Credit Union products and services, procedures and guidelines, and field of membership requirements.
· Thorough knowledge of regulations applicable to essential responsibilities.
· Exceptional analytical skills and ability to translate financial data into actionable insights.
· Excellent communication and presentation skills, with the ability to effectively engage and influence stakeholders at all levels.
· Exceptional coaching skills within and across business lines. Proven track record of developing talent at all levels.
· Exceptional interpersonal and relationship building skills. Ability to secure buy-ins and alignment with stakeholders.
· Proficient with Microsoft Office software suite with advanced Excel skills.
