• Supervise daily functions in the Finance Department, providing support and guidance as needed in job-related functions. Complete and deliver performance appraisals. Coordinate workflow within the department to ensure that business needs are met promptly and internal tasks are completed in a timely manner through the most efficient means possible.
• Oversee asset and liability management (ALM) function of the Credit Union including validating information for third-party ALM vendor, reviewing reports, monitoring results to comply with policy limits and determining any necessary action plans, performing back-tests, and recommending and validating assumptions.
• Prepare financial models and forecasts to control operating expenses, forecast business growth and manage the interest rate spread and exposure to financial risks. Prepare the annual budget with supporting documentation and provide detailed analyses to management. Maintain models of key operating expenses (including salaries, benefits, incentive programs, fixed assets, and balance sheet products) and identify opportunities and risks in each area.
• Prepare “what-if” strategies to assist in long-range planning, and model various rate and fee structures to maximize earnings while minimizing balance sheet risk.
• Member of the Asset and Liability Management Committee (ALCO), responsible for the preparation of the agenda and materials for packet, attend ALCO meetings and lead ALCO presentations.
• Forecast liquidity needs, make recommendations to minimize liquidity risk and determine any necessary action plans to resolve tight liquidity situations.
• Create regular reporting mechanisms to track and highlight key business strategies and updates them as the business changes and grows. Utilize third-party and internal programs to analyze and track volumes and quality of products and services.
• Member of the Pricing Committee – recommending rates on loans and deposits based on need, value, and competition.
• Member of the Allowance for Loan and Lease Loss (ALLL) Committee – recommending potential qualitative and economic (Q&E) adjustments based on the loan portfolio and economic forecasts.
• Monitor the Credit Union’s financials and look for ways to improve deficiencies.
• Responsible for the creation of various financial and statistical reports, using Credit Union system and various supporting software programs. Advise management personnel as to the types of information available from the system.
• Help to manage and optimize the investment and borrowing portfolios.
• Prepare analyses and forecasts for potential mergers, expansions, and other growth strategies. Analyze products offered by the merging credit union and determine the best fit with Credit Union products.
• Perform and oversee special studies for management, such as cost analysis, ratio and trend analyses, analysis of new products and services, and other comparative examinations. Detect and analyze trends in financial data.
• Responsible for interest rate and liquidity risk exams, ALM validations, and follow-up of any issues arising during the exams or audits.
• Ensure that established finance policies and procedures are followed and updated in accordance with suggestions from state examiners, independent audits and Credit Union management.
• Monitor the overall status of the organization and report ideas for improvements and changes to the Chief Financial Officer. Research and execute innovative solutions for business issues.

Necessary Experience & Qualifications:

• Minimum of a bachelor’s degree in Finance, Economics, or Accounting along with a minimum of five years of experience in budgeting, liquidity management, financial analysis and reporting, and Asset and Liability Management; preferably in a financial institution over $1B in assets. Previous supervisory experience is required.
• Proven working knowledge of investment securities and pricing techniques.
• Requires a high level of well-rounded knowledge of financial institution activities, policies, procedures, and systems.
• Ability to interpret an extensive variety of financial and other data in a variety of forms.
• Ability to identify, analyze, and solve complex problems.
• Ability to read, write, and comprehend detailed and often technical instructions, policies, and procedures and/or regulatory requirements, correspondence, and memos.
• Ability to operate a PC and have knowledge of computer software including, but not limited to, word processing, spreadsheets, database management, core processing systems, budgeting and forecasting systems, financial reporting systems, and the internet.
• Ability to concentrate and pay close attention to detail for over ninety percent of work time. Must be able to closely examine documentation, including detailed financial records, regulatory requirements, policies & procedures, reports, and data structures.
• Analytical ability to research technical issues and provide workable recommendations which meet regulatory and security requirements. Requires a working knowledge of financial modeling methods & basic statistics.
• Knowledge of the products, services, and procedures needed to process transactions as normally acquired through three to six months of on-the-job experience.
• Interpersonal skills necessary to deal effectively and efficiently with a diverse group of employees in sometimes stressful situations. Strong communication/listening skills to direct internal controls, audits, policies, and procedures diplomatically and effectively. Must also be able to communicate technical information to non-technical users, including employees, board of directors and members.
• Ability to exercise a high degree of independent judgment and decision-making. Demonstrates consistent leadership traits and supports overall business objectives.
• Ability to transport objects weighing between five and twenty pounds for one percent of work time.
• Ability to stay in one place or work in a confined area for extended periods.
• Some travel is required for audit reviews, meetings, seminars, and conferences.