CENTRAL STATE CREDIT UNION
Vice President of Finance
CENTRAL STATE CREDIT UNION, Stockton, California, United States, 95202
Job Description
Job Description
Description :
Position Title :
Vice President of Finance Department :
Finance Reports to :
President / CEO FLSA Classification :
Exempt Compensation :
$75,000 to $125,000 Job Summary : Direct and manage all practices and activities in the Finance and Accounting functions to ensure compliance with State and Federal rules and regulations. Work with executive leadership and find unique and challenging problems in managing the balance sheets and overseeing Asset Liability Management (ALM), investment, cash / treasury management, expense management, and budget. Additionally, oversee auditing, accounting, and recordkeeping activities of the credit union to ensure they meet generally accepted accounting practices (GAAP). Prepare annual budget, income forecasts, statistical guidelines, and Asset Liability Management (ALM) reports. Recommend operational changes as needed. Supervisory Responsibilities : Recruits, interviews, hires, and trains staff in the finance department. Oversees the daily workflow of the department. Provides constructive and timely performance evaluations. Handles discipline and termination of employees in accordance with company policy. Duties / Responsibilities : As a member of the Management Team, the VP of Finance will work with the CEO to define and manage the strategic direction of the credit union. Work with Executive Team in preparing the credit union's financial goals. Directs and prepares the projected income expenses, profits, and asset / liability growth. Monitors budget on an ongoing basis and provides analytical breakdown by function / department / branch. Prepares / presents financial reports to the CEO. Reviews, manages and develops credit union policies for his / her reporting structure (e.g. Investment, ALM). Complies with all applicable Rules, Regulations, and Statutes of the NCUA, DPFI, and other appropriate governing bodies to include but not limited to : the Credit Union Bylaws, Bank Secrecy Act, Fair Housing Act, Fair Lending Act, and Fair Credit Reporting. Chairs the Asset Liability Committee (ALCO) and works with executive team and senior management team to set credit union share and loan rates, with the objective to simultaneously manage Interest Rate Risk (IRR) and remain competitive in our marketplace. Manages, analyzes, and executes the credit union's risk management function, which includes annual independent financial audit services, internal audit services, vendor management compliance, insurance needs, and physical security. Advises management on matters pertaining to taxes. Ensures financial reports are prepared and submitted to management / government agencies in a timely manner and in accordance with required specifications. Administers the company's fiscal accounting system, assuring that accurate financial records are maintained. Administers uniform systems for cost accounting and general accounting for budgetary purposes. Coordinate accounting activities of the company with other functions / departments / branches as necessary. Maintains current knowledge of regulatory requirements, GAAP and market conditions using various sources and analytical tools. Required Skills / Abilities : Excellent verbal and written communication skills. Excellent interpersonal and customer service skills. Excellent organizational skills and attention to detail. Excellent time management skills with a proven ability to meet deadlines. Strong analytical and problem-solving skills. Proficient with Microsoft Office Suite or related software. Strong supervisory and leadership skills. Ability to function well in a high-paced and at times stressful environment. Education and Experience : Bachelor's degree in accounting or finance required. Minimum of seven years of financial institutions accounting, investment, balance sheet management, and credit and / or treasury management. Minimum of three years of managerial experience required. Physical Requirements : Prolonged periods of sitting at a desk and working on a computer. May require standing and walking 25% of the time, lifting up to a maximum of 50 pounds, and other physical actions that include stooping, kneeling, crouching, crawling, reaching, pulling, and pushing. Requirements :
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Vice President of Finance Department :
Finance Reports to :
President / CEO FLSA Classification :
Exempt Compensation :
$75,000 to $125,000 Job Summary : Direct and manage all practices and activities in the Finance and Accounting functions to ensure compliance with State and Federal rules and regulations. Work with executive leadership and find unique and challenging problems in managing the balance sheets and overseeing Asset Liability Management (ALM), investment, cash / treasury management, expense management, and budget. Additionally, oversee auditing, accounting, and recordkeeping activities of the credit union to ensure they meet generally accepted accounting practices (GAAP). Prepare annual budget, income forecasts, statistical guidelines, and Asset Liability Management (ALM) reports. Recommend operational changes as needed. Supervisory Responsibilities : Recruits, interviews, hires, and trains staff in the finance department. Oversees the daily workflow of the department. Provides constructive and timely performance evaluations. Handles discipline and termination of employees in accordance with company policy. Duties / Responsibilities : As a member of the Management Team, the VP of Finance will work with the CEO to define and manage the strategic direction of the credit union. Work with Executive Team in preparing the credit union's financial goals. Directs and prepares the projected income expenses, profits, and asset / liability growth. Monitors budget on an ongoing basis and provides analytical breakdown by function / department / branch. Prepares / presents financial reports to the CEO. Reviews, manages and develops credit union policies for his / her reporting structure (e.g. Investment, ALM). Complies with all applicable Rules, Regulations, and Statutes of the NCUA, DPFI, and other appropriate governing bodies to include but not limited to : the Credit Union Bylaws, Bank Secrecy Act, Fair Housing Act, Fair Lending Act, and Fair Credit Reporting. Chairs the Asset Liability Committee (ALCO) and works with executive team and senior management team to set credit union share and loan rates, with the objective to simultaneously manage Interest Rate Risk (IRR) and remain competitive in our marketplace. Manages, analyzes, and executes the credit union's risk management function, which includes annual independent financial audit services, internal audit services, vendor management compliance, insurance needs, and physical security. Advises management on matters pertaining to taxes. Ensures financial reports are prepared and submitted to management / government agencies in a timely manner and in accordance with required specifications. Administers the company's fiscal accounting system, assuring that accurate financial records are maintained. Administers uniform systems for cost accounting and general accounting for budgetary purposes. Coordinate accounting activities of the company with other functions / departments / branches as necessary. Maintains current knowledge of regulatory requirements, GAAP and market conditions using various sources and analytical tools. Required Skills / Abilities : Excellent verbal and written communication skills. Excellent interpersonal and customer service skills. Excellent organizational skills and attention to detail. Excellent time management skills with a proven ability to meet deadlines. Strong analytical and problem-solving skills. Proficient with Microsoft Office Suite or related software. Strong supervisory and leadership skills. Ability to function well in a high-paced and at times stressful environment. Education and Experience : Bachelor's degree in accounting or finance required. Minimum of seven years of financial institutions accounting, investment, balance sheet management, and credit and / or treasury management. Minimum of three years of managerial experience required. Physical Requirements : Prolonged periods of sitting at a desk and working on a computer. May require standing and walking 25% of the time, lifting up to a maximum of 50 pounds, and other physical actions that include stooping, kneeling, crouching, crawling, reaching, pulling, and pushing. Requirements :
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