Michigan United Credit Union
The position of Executive Vice President of Finance (EVP of Finance) is a key executive team member responsible for managing the financial risks and liquidity of the credit union. They recommend and implement Asset and Liability Management (ALM) strategies in all areas of cash flow and investments. They are responsible for planning, directing, maintaining, reporting and controlling a financial management system that supports the objectives and financial position of the organization. As a member of the executive leadership team, they participate in establishing and implementing major goals and deliverables of the Credit Union and collaborate with other leaders to ensure consistency and continuity across platforms and programs in fulfilling the Mission, Vision and Strategy of the Credit Union.
Financial Management and Reporting
Work with the SEVP and CEO to define and manage the strategic direction of the credit union.
Directs and prepares the projected income, expenses, profits, and asset/liability growth.
Monitors cost control activities and implements cost‑savings strategies as needed.
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, DIFS, and other governing bodies including the Credit Union Bylaws, Bank Secrecy Act, Fair Housing Act, Fair Lending Act, and Fair Credit Reporting.
Ensures the NCUA 5300 financial reports are prepared and submitted to management/government agencies in a timely manner and in accordance with required specifications.
Administers the credit union's fiscal accounting system, ensuring accurate financial records are maintained and coordinating accounting activities with other functions.
Maintains current knowledge of regulatory requirements, GAAP and market conditions using various sources and analytical tools.
Responsible for the entire process of managing a portfolio, making investment decisions in accordance with investment and liquidity strategies.
Serves as the primary contact with regulatory agency examiners and auditors.
Strategic Planning and Budgeting
Prepares ALM reports by running ALM simulations using ALM modeling software, evaluates results and recommends strategic changes.
Prepares, implements, and supervises the annual budget, ensuring alignment with the strategic plan.
Monitors and tracks budget performance, providing variance analysis and recommendations.
Provides guidance on investment decisions and participates in setting deposit and loan rates.
Assists in planning, researching, analyzing, and decision‑making for credit union mergers, acquisitions, branch expansion, and information technology upgrades.
Risk Management and Compliance
Develops and implements financial policies and procedures to mitigate risks, including interest rate and liquidity risks.
Ensures compliance with federal and state regulations and internal policies.
Serves on the Asset/Liability Management (ALM) Committee and provides necessary reports and analyses.
Follows policies and procedures related to BSA, AML, CIP, and CDD daily to ensure compliance with current regulations.
Staff Supervision and Development
Performs personnel actions including performance appraisals, disciplinary actions, and interviewing candidates.
Supervises daily activities of the department and staff, developing work schedules and providing necessary training/coaching.
Holds regular staff meetings to communicate procedure changes, new developments, and general credit union information.
Provides ALM training to the Board of Directors.
Strictly adheres to MUCU organizational and operational policies and procedures, including attendance and chain of command.
Collaboration and Communication
Communicates with the Board of Directors and management team regarding strategic recommendations, financial results, and policies.
Represents the credit union at external functions and attends board meetings.
Position Requirements
Bachelor’s degree in Accounting, Finance, or a related field; CPA preferred.
Minimum of 7 years of progressive experience in accounting and financial management within a financial institution, preferably a credit union.
Strong knowledge of GAAP, financial analysis, budgeting, and regulatory compliance.
Proven experience in risk management, investment portfolio management, and internal controls.
Ability to read, analyze, and interpret various documents, forms, and reports, and to deal with complex problems involving multiple facets.
Excellent organization and time‑management skills with attention to detail and ability to multitask.
Excellent oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, and speak clearly.
Ability to meet strict deadlines.
Advanced skills in Microsoft Word, Excel, Outlook, and Teams with familiarity with AI tools.
Strong skills in cost analysis, profitability analysis, ratio and trend analysis.
Seniority Level
Executive
Employment Type
Full‑time
Job Function
Finance and Sales
Industry
Banking
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Financial Management and Reporting
Work with the SEVP and CEO to define and manage the strategic direction of the credit union.
Directs and prepares the projected income, expenses, profits, and asset/liability growth.
Monitors cost control activities and implements cost‑savings strategies as needed.
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, DIFS, and other governing bodies including the Credit Union Bylaws, Bank Secrecy Act, Fair Housing Act, Fair Lending Act, and Fair Credit Reporting.
Ensures the NCUA 5300 financial reports are prepared and submitted to management/government agencies in a timely manner and in accordance with required specifications.
Administers the credit union's fiscal accounting system, ensuring accurate financial records are maintained and coordinating accounting activities with other functions.
Maintains current knowledge of regulatory requirements, GAAP and market conditions using various sources and analytical tools.
Responsible for the entire process of managing a portfolio, making investment decisions in accordance with investment and liquidity strategies.
Serves as the primary contact with regulatory agency examiners and auditors.
Strategic Planning and Budgeting
Prepares ALM reports by running ALM simulations using ALM modeling software, evaluates results and recommends strategic changes.
Prepares, implements, and supervises the annual budget, ensuring alignment with the strategic plan.
Monitors and tracks budget performance, providing variance analysis and recommendations.
Provides guidance on investment decisions and participates in setting deposit and loan rates.
Assists in planning, researching, analyzing, and decision‑making for credit union mergers, acquisitions, branch expansion, and information technology upgrades.
Risk Management and Compliance
Develops and implements financial policies and procedures to mitigate risks, including interest rate and liquidity risks.
Ensures compliance with federal and state regulations and internal policies.
Serves on the Asset/Liability Management (ALM) Committee and provides necessary reports and analyses.
Follows policies and procedures related to BSA, AML, CIP, and CDD daily to ensure compliance with current regulations.
Staff Supervision and Development
Performs personnel actions including performance appraisals, disciplinary actions, and interviewing candidates.
Supervises daily activities of the department and staff, developing work schedules and providing necessary training/coaching.
Holds regular staff meetings to communicate procedure changes, new developments, and general credit union information.
Provides ALM training to the Board of Directors.
Strictly adheres to MUCU organizational and operational policies and procedures, including attendance and chain of command.
Collaboration and Communication
Communicates with the Board of Directors and management team regarding strategic recommendations, financial results, and policies.
Represents the credit union at external functions and attends board meetings.
Position Requirements
Bachelor’s degree in Accounting, Finance, or a related field; CPA preferred.
Minimum of 7 years of progressive experience in accounting and financial management within a financial institution, preferably a credit union.
Strong knowledge of GAAP, financial analysis, budgeting, and regulatory compliance.
Proven experience in risk management, investment portfolio management, and internal controls.
Ability to read, analyze, and interpret various documents, forms, and reports, and to deal with complex problems involving multiple facets.
Excellent organization and time‑management skills with attention to detail and ability to multitask.
Excellent oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, and speak clearly.
Ability to meet strict deadlines.
Advanced skills in Microsoft Word, Excel, Outlook, and Teams with familiarity with AI tools.
Strong skills in cost analysis, profitability analysis, ratio and trend analysis.
Seniority Level
Executive
Employment Type
Full‑time
Job Function
Finance and Sales
Industry
Banking
#J-18808-Ljbffr