What are the responsibilities and job description for the Vice President of Finance position at P&G Mehoopany Employees Federal Credit Union?
About Us
P&G Mehoopany Employees Federal Credit Union is a trusted financial institution committed to delivering exceptional banking services to our members while maintaining strong financial stewardship. We are currently seeking an experienced and strategic Vice President of Finance to join our leadership team and oversee the credit union’s financial operations, reporting, and compliance.
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 union’s 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 union’s investment portfolio in alignment with risk and return objectives.
- Budgeting: Lead 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
- Bachelor’s 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
What We Offer
- Competitive compensation and performance-based incentives
- Comprehensive benefits package
- Opportunities for professional growth and advancement
- A collaborative and mission-driven work environment
Job Type: Full-time
Pay: $80,000.00 - $110,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Disability insurance
- Health insurance
- Life insurance
- Paid time off
- Retirement plan
- Vision insurance
Work Location: In person
Salary : $80,000 - $110,000