The incumbent in this position strategically leads and directs all planning, forecasting, analytical and reporting efforts for the credit union in the following areas: balance sheet management, strategic and operational planning, adhoc business analysis, six sigma projects, capital budgeting and management, credit and enterprise risk management, predictive modeling, and organization’s Key Success Factors efforts. In addition, the incumbent will develop the strategy and lead the efforts of the organization and guide cross-functional teams to secure a credit risk environment that enables effective management of credit risk throughout the lending cycle. The Vice President will lead efficiency efforts across the organization to assure an efficiency culture throughout the credit union. Resources to do the job require a sound and proven leadership ability, effective written and verbal communication skills, strong and proven analytical ability, advanced systems skills, strong relationship skills, the demonstrated ability to collaborate with all levels of the organization, and effective and consistent management capability. Direction is received from the Senior Vice President/Chief Financial Officer.
Financial Planning & Analysis: Direct and lead annual planning, rolling forecasts, and 3-5 year business planning including formulation of Income Statement, Balance Sheet, cost center-level expense planning, headcount analyses, and presentations to senior management and Board of Directors. Partner with cross-functional peers and initiative champions to lead the analysis of financial performance for business plans, initiatives, special projects, new products, channels, etc. and drive fact-based business decisions. Manage the predictive modeling efforts, utilizing SAS or other systems/techniques, to enhance business decision-making process. Partner with accounting team to effect efficient and accurate reporting of our internal and external reporting. Proactively stay ahead of emerging FASB trends or accounting changes affecting our financial statements. Lead the charge to provide the ‘right’ information that supports prompt and effective business decision making by partnering with business owners and IT to continuously improve and construct new capabilities around performance metrics, analysis and reporting. Responsible for the integrity of the financial system, and to automate and simplify redundancy in processes and reporting through standardization.
Asset Liability Management Analytics: Lead and direct all analytical efforts for the credit union in the following key areas: asset liability management analytics, economic capital planning and analytics, net worth and dividend decision support, balance sheet risk management and mitigation planning, investment performance analytics, economic scenario and stress testing, interest rate and liquidity risk analytics, and associated regulatory compliance support. Provide ALM analytical support to management and board of directors via monthly IALCO meetings, quarterly ALCO meetings, quarterly financial forecast, and annual strategic planning processes.
Enterprise Risk Management: Lead the organization through the ERM structure and process to align risk tolerance and management at strategic, operational and financial levels. Strategically lead the ERM efforts to deliver its goals of minimizing earnings volatility. Lead, through partnerships with Investment/Lending teams, the establishment and determinants of optimal capital level to ensure long-term sustainability of the enterprise. Ensure standardized and regular reporting/information to monitor and track risk management activities, metrics and pulse of the organization at functional, executive and Board level.
Credit Risk Administration: Establish a credit risk environment that enables effective management of credit risk throughout the lending life cycle. Integrate processes and systems to enable effective real-time decisioning and execution, balancing risk and return objectives. Ensure a balanced credit risk culture via segregation of duty. Promote profitable and sustainable growth; offer a mix of product and services through risk-based pricing and decisioning.
Leadership Responsibilities: Translate strategic and operating plans into meaningful direction of projects, goals, priorities and activities; deliver on strategy through the right people in the right place at the right time. Deliver superior results through quality execution and best practice adaptation. Provide business vision by creating imagery and transparency in the possibilities, opportunities and direction of the future. Continual assessment, discerning development, insightful coaching and talent utilization/optimization of subordinate leaders of others. Capture, analyze, and understand the internal environment, team dynamics, and talent capabilities to address organizational refinement, agility and growth. Champion of Employee/Internal Customer Engagement, employee development and all cultural hallmarks through strong leadership signatures and a growing command of the Demands of Leadership. Demonstrated courage, ability and agility to understand and address organizational transition in real-time; establish expectations for the unexpected.
Performance Management Responsibilities: Apply great management practices in leading an engaged workforce as defined by Q12 Gallup process to effectively deliver the value of this function. Provide a structural and consistent approach to ensure that individual development plans are in place, performance management is consistent, performance management process is respected and followed, and coaching and feedback are provided on a regular and dynamic basis.
Suggested training and experience: Completion of a Bachelor’s and Master’s degree in Accounting, Finance or a related field and 7-10 years experience in the finance and accounting arenas. Minimum 5 years of supervisory experience in a financial planning and analysis environment. Financial Institution experience preferred, but not required. CFA, CPA, and/or PMP are preferred. Thorough knowledge of GAAP required. Extensive financial analysis skills required, including statistical analysis, forecasting, budgeting, and financial modeling. Experience in leading process re-engineering, six sigma, PMO functions or efforts are preferred. Ability to multi-task and deal with heavy volume period with tight time parameters. Must be proficient with mainframe accounting systems, database systems and Microsoft Office Suite. The incumbent is a member of the Senior Leadership Team, and thus must be a cross-functional team player, able to build effective working relationships, has strong influence management skills, and has the ability to understand and apply its functions to the overall business strategy and operations, to drive transparency, integrity and fiscal responsibilities. Advanced performance management skills required; must have the ability to lead a team through effective management skills including coaching, development, talent retention and recruitment.