GENERAL FUNCTION

The Vice President, Finance is responsible for developing, coordinating and maintaining an integrated financial system which includes Accounting, Budgeting, Revenue Assessment, Deposit Operations and Financial Reporting for the Credit Union. In conjunction with the Senior Management Team, the VP, Finance will develop and assist in the implementation of Strategic Goals to mitigate risk and ensure long-term sustainability and growth.

MAJOR RESPONSIBILITIES

1. Embrace the movement to foster change and make a meaningful impact within the Community by exhibiting our corporate values of Integrity, Empowerment, Respect and Commitment in an effort to promote professional growth and prosperity within the organization and the neighborhoods that we serve.

2. Oversee Asset Liability Management (ALM) of the Credit Union, specifically used for budgeting, maturity forecasting, GAP Analysis, income stimulation and ratio analysis. Keeps Senior Management Team, Board of Directors and Regulators apprised of risk and develops strategies to mitigate those risks. Manage allowance for loan loss/CECL accounts, monitoring charge offs and ensuring the account is properly funded.

3. Analyze financial data and use financial models for forecasting. Track revenue and gross margin by business unit and expenses by cost center. Prepare reports on financial performance tailored to the needs of leadership. Evaluate financial performance by comparing and analyzing actual results with plans and forecasts.

4. Serve as primary contact for the annual financial audit with established accounting firm.

5. Act as liaison with investment advisors and approve all investment trades in accordance with ALCO strategies.

6. Serve as primary contact with NCUA and State Examiners during all examination periods.

7. Responsible for establishing and maintaining effective and efficient financial reporting programs at the organizational, member and product levels including profitability measurements.

8. Identify, recommend, develop and support the implementation of new business initiatives and opportunities. Perform merger and acquisition analysis.

9. Develop and manage the institution's budget, projecting future revenues and expenses. This involves analyzing trends, making financial forecasts, and preparing financial models to ensure budgeted net worth and income goals are achieved.

10. Perform financial analysis of new products and services offered by the Credit Union, acting as custodian of funds, securities and assets of the organization to ensure maximum growth within regulatory guidelines.

11. Oversee Credit Union Cash Management, initiating advances, when appropriate, from approved CU lines of credit.

12. Assist in developing pricing strategies for loan and deposit portfolio to align financial strategy with overall business goals and to provide financial insights that can drive departmental strategies.

13. In collaboration with Senior Management Team develop, implement and analyze retail sales and service strategies and collaboratively establish and implement the Strategic Plan,

14. Ensure that the financial practices of the Credit Union comply with regulatory requirements, overseeing the accuracy, certification and timely submission of all regulatory reports.

15. Responsible for hiring, performance improvement plans, reviews, promotions, salary recommendations and terminations of direct reports. Coaches and motivates staff to maximize their potential and align individual goals with organization goals.

16. Develop, implement and review policies and procedures affecting the accounting and finance functions.

17. Oversee quality assurance efforts to ensure all system upgrades and modifications that affect accounting/financial operations are addressed and understand how changes and modifications affect business operations.

18. For the purpose of maintaining Credit Union goals, it is the responsibility of each employee to strive for the continuous quality improvement of processes and quality of service to internal and external customers.

19. Abide by all federal, state and local laws including, but not limited to: The Bank Secrecy Act, including the Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCen); Uniform Commercial Code (UCC); Federal Reserve Bank; and the National Credit Union Administration (NCUA).

Note: This list of essential responsibilities is not exhaustive. It may be supplemented as necessary from time to time

POSITION REQUIREMENTS

1. 4-year degree in Accounting/Finance. MBA and/or CFA preferred.

2. 10 years experience in a financial institution.

3. 3+ years supervisory experience.

4. Excellent written and verbal communications to work with all levels of management, employees, regulators, and other service providers.

5. Strong management skills and assertive presentation skills.

6. Strong demonstration of analytical skills to assist in evaluation of various financial matters.

7. Ability to understand organization’s vision, mission and strategies and form goals.

8. Ability to organize, link and communicate the day-to-day activities to the long-term vision.

9. Ability to challenge established way of doing things by sharing resourceful ideas and solutions.

10. Ability to organize people and activities; understand how to separate and combine tasks into efficient work flow.

11. Ability to simplify complex processes to achieve more from fewer resources.

12. Knowledge of accounting software, database software, and internet and word processing software.

13. Strong desktop computer skills including MS Excel, Word PowerPoint and Access.

14. Operates with high integrity and in compliance with state and federal laws and regulations pertaining to business and employment.

PHYSICAL AND MENTAL ABILITIES

1. Sitting the majority of the time.

2. The ability to frequently lift, push, pull or carry up to 10 pounds and occasionally lift, push, pull or carry up to 35 pounds

3. Occasional bending, squatting, reaching above, at or below shoulder level, and kneeling.

4. The ability to deal with pressure to meet deadlines, to be accurate, and to handle constantly changing situations.

5. The ability to deal with a variety of people and stressful situations, and handle conflict.

6. The ability to communicate verbally and in writing, to gain new skills and knowledge, and to give, receive and analyze information.

DISCLAIMER:

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned.