VP of Finance - Scott Credit Union

The Company

At Scott Credit Union, we truly value our employees. While our buildings convey the Scott Credit Union name that our members know to trust, it’s the faces inside that make it much more than a place of business. These faces represent the promise that we will help each member make the most of their money, in the simplest manner possible- all while getting to know members personally by name and not by a number. Credit unions were built upon a “people helping people” philosophy. Not only do our employees help their members and fellow teammates, but they are also dedicated to helping the local communities that support us.

At Scott Credit Union, we encourage and incent our employees to volunteer in our local communities that so diligently support us. If you are an energetic, hard-working individual with a passion to help others, we encourage you to explore career opportunities with the Scott Credit Union team.

Key Pointers:

• Founded in 1943, Scott Credit Union is a full-service financial institution providing financial services for individuals and businesses, including free checking accounts with interest, ATMs, credit and debit cards, new and used vehicle loans, mortgage loans, unsecured lines of credit, savings products, online banking, free online bill paying and much more.
• Scott Credit Union, like all credit unions, is a not-for-profit financial cooperative that offers banking services. When someone opens an account with a credit union, they become a member and an owner.
• Conducting financial business with a credit union saves consumers money. Scott Credit Union offers similar products and services to what the conventional financial institutions have, but we do so with our members’ best interest in mind.
• Your experience with Scott Credit Union is about more than money, it’s about you getting the most value for your money and reaching your financial goals

The Opportunity

Purpose of the Position

Scott Credit Union is looking to hire a full-time Vice President of Finance to join our amazing Senior Officer team. This position works Monday thru Friday normal business hours.

Responsible for planning, controlling, and directing the credit union's finance activities. Provides counsel and advice to the Chief Financial Officer (CFO) regarding the credit union's liquidity management, investment portfolio, Asset/Liability Management (ALM) and profitability reporting. Responsible for ensuring SCU adheres to the policies and procedures to ensure compliance with generally accepted accounting principles and regulations concerning accounting for credit union finance operations.

Duties must be accomplished in compliance with federal and state laws and in accordance with the credit union’s policies and procedures and with focus on SCU’s Purpose, Mission, Vision, and Values

Key Responsibilities

A typical day will look like:

• Works with the CFO to oversee and direct treasury and finance activities for the organization. Responsible for the preparation of the annual liquidity plan.
• Oversees and directs the Asset Liability Management (ALM) for SCU. Developing policies, parameters, strategies, reporting, and analysis for the Asset Liability Committee (ALCO), and Board of Directors when necessary.
• Performs quarterly ALM reporting and back-testing. Coordinates semi-annual ALM model validation with third- party firm. Presents reporting and validation results to the ALCO.
• Responsible for the monthly calculation of the Allowance for Credit Losses. Maintains and runs the Current Expected Credit Loss (CECL)model. Produces monthly reports and maintains supporting documentation.
• Works with external auditors, federal and state credit union examiners to ensure the credit union is in compliance with prescribed accounting methods set forth in regulation, law, Financial Accounting Standards Board (FASB) rules, and generally accepted accounting principles.
• Works closely with the Data Analytics group and Financial Analyst to develop Accounting and Finance reports in the Arkalytics platform.
• Responsible for the Balance Sheet portion of the credit union’s annual financial plan.
• Oversees periodic financial and liquidity forecasting. Reports the results of these forecasts to the CFO and Finance Committee.
• Responsible for cost accounting practices as well as cost-center/service delivery unit costing analysis.
• Analyzes, consolidates, and directs all finance procedures together with other statistical data, financial analysis, pricing, profitability, and routine reports.
• Prepares, submits, and implements the Finance Department's portion of credit union’s Strategic Plan.

The Candidate

PERFORMANCE STANDARDS:

Are You a Good Fit?

Ask yourself the below questions to help determine if this job is the right fit for you.

• Do you enjoy engaging with people and providing exceptional customer service?
• Are you passionate about leading, coaching, and motivating others?
• Do you thrive in a fast-paced environment?
• Are you detail-oriented and like working with numbers?
• Do you enjoy working in a diverse environment with diverse members?
• Do you take pride and ownership in all that you do?
• Are you looking for a job where you can develop professionally?
• If you answered yes to these questions, we hope you apply
• Ability to work with senior executives and other staff. Maintains strict confidentiality of records and information. Uses diplomacy and tact in dealing with persons from outside and inside the organization. Able to work with minimal supervision, be a self-started, and be detail-oriented. Must be professional in actions and appearance, organized and dependable. Position requires excellent verbal and written communication skills and a positive attitude. Regular, predictable attendance is required.
• Responsible to keep the following confidential as it pertains to SCU, member and employee information and is defined as the following:

• SCU business information

  , such as member lists, pricing, purchasing activity, business strategies or techniques, operational data, marketing materials and methods used to develop and maintain member relations.

Education

• Bachelor’s degree in finance or accounting.
• Experience managing a credit union or finance operation.
• Minimum five years’ experience at a management level in a credit union, bank or financial institution.

Preferred Qualifications That Could Set You Ahead:

• Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) designation.

Compensation

Base salary and discretionary bonus

Media links

https://www.scu.org/

https://www.forbes.com/companies/scott-credit-union/?list=best-in-state-credit-union

SE# 510629018