Robert Half
Position Overview
The VP of Finance will be a key member of the executive leadership team, responsible for overseeing all financial functions of the credit union. This role demands a seasoned professional with deep expertise in banking finance, regulatory frameworks, and operational controls.
Key Responsibilities Financial Analysis:
Lead in-depth financial performance reviews, trend analysis, and forecasting to support strategic decision-making. Internal Reporting:
Prepare and present accurate and timely financial reports to senior management and the board. Regulatory Reporting:
Ensure full compliance with federal and state banking regulations, including timely submission of required reports (e.g. NCUA Form 5300). Cash Management:
Oversee daily cash operations, liquidity planning, and optimization of cash flow. Fixed Assets:
Manage the credit unions fixed asset portfolio, including acquisition, depreciation, and disposal tracking. Accounts Payable & Payroll:
Supervise AP and payroll functions to ensure accuracy, timeliness, and compliance with internal policies. Account Reconcilement:
Ensure all general ledger accounts are reconciled regularly and discrepancies are resolved promptly. Investments:
Monitor and manage the credit unions investment portfolio in alignment with risk and return objectives. Budgeting:
Direct the annual budgeting process and provide ongoing variance analysis and cost control recommendations. Asset/Liability Management:
Chair Asset/Liability Committee (ALCO) to manage interest rate risk, liquidity risk, and capital adequacy.
Qualifications Bachelors degree in Accounting, Finance, or related field (CPA or MBA preferred) Minimum 7 years of progressive experience in financial leadership roles, preferably in financial services Strong knowledge of GAAP, banking regulations, and financial systems Proven leadership and team management skills Excellent analytical, communication, and organizational abilities
Key Responsibilities Financial Analysis:
Lead in-depth financial performance reviews, trend analysis, and forecasting to support strategic decision-making. Internal Reporting:
Prepare and present accurate and timely financial reports to senior management and the board. Regulatory Reporting:
Ensure full compliance with federal and state banking regulations, including timely submission of required reports (e.g. NCUA Form 5300). Cash Management:
Oversee daily cash operations, liquidity planning, and optimization of cash flow. Fixed Assets:
Manage the credit unions fixed asset portfolio, including acquisition, depreciation, and disposal tracking. Accounts Payable & Payroll:
Supervise AP and payroll functions to ensure accuracy, timeliness, and compliance with internal policies. Account Reconcilement:
Ensure all general ledger accounts are reconciled regularly and discrepancies are resolved promptly. Investments:
Monitor and manage the credit unions investment portfolio in alignment with risk and return objectives. Budgeting:
Direct the annual budgeting process and provide ongoing variance analysis and cost control recommendations. Asset/Liability Management:
Chair Asset/Liability Committee (ALCO) to manage interest rate risk, liquidity risk, and capital adequacy.
Qualifications Bachelors degree in Accounting, Finance, or related field (CPA or MBA preferred) Minimum 7 years of progressive experience in financial leadership roles, preferably in financial services Strong knowledge of GAAP, banking regulations, and financial systems Proven leadership and team management skills Excellent analytical, communication, and organizational abilities