Vice President Finance

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: 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

• 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