Role: |
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Directs and manages Credit Union liquidity including but not limited to cash management and funds availability, investment management, debt management, and asset liability management (ALM) activities. Responsible for the oversight and management of the Liquidity Analyst and ALM Analyst assigned to support the VP/Treasurer. Supports the CFO in directing liquidity, investment, debt, and ALM strategic planning and setting of goals and objectives. Executes related initiatives that support strategic plans and drives balance sheet performance and related income statement benefits to help achieve key financial objectives. Supports and assists in the preparation of management, BOD, and ALCO reporting and analysis as well as quarterly forecasts and the annual budget. Performs ad-hoc analysis and scenario planning to help drive business decisions. Assists the CFO in the evaluation and setting of share and loan product rates and fees for services including competitor and market pricing analysis. |
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Essential Functions & Responsibilities: |
| E | 20% | Hire, train, direct, manage, and evaluate employee performance within the Finance department. Establish objectives to support organization and department goals and evaluate progress. |
| E | 20% | Direct and manage cash flow monitoring and evaluation; act as primary liaison to correspondent bank relationships; monitor and assess member behaviors impacting cash flows and develop primary and secondary liquidity availability through effective placement of collateral for funds accessibility. |
| E | 20% | Direct and manage the credit union's investment activities and borrowing needs analysis for debt management; support the CFO in loan participation purchases and sales to maximize excess cash positions driving increases in earning asset contributions and establishing appropriate balance sheet concentrations; monitor investment performance driving opportunities to diversify investment holdings and increase earnings. Ensure efficient and effective third-party support from broker/dealers, safekeeping custodians, and others that support investment and debt management. |
| E | 20% | Direct and lead ALM activities of the credit union; lead the establishment and maintenance of internal modeling applications; monitor and evaluate scenario and what-if planning and analysis; act as primary liaison with and to providers of ALM services ensuring data files are sent timely and reporting results are received timely; perform ALM results analysis seeking opportunities to positively impact interest rate risk and related NEV and NII simulation results; assist in the preparation of related reporting to management, ALCO, and BOD. |
| E | 10% | Directs and leads the completeness and reliability of all department reporting to teammates, management, ALCO, BOD, and regulatory agencies as applicable including internal and external audit requests for information. Ensures finance policy compliance metrics are completed monthly with risk levels communicated appropriately; develops potential corrective actions for any non-compliant result. |
| E | 10% | Cross-train to understand critical tasks designated for the VP/Controller; perform other duties as assigned from the CFO. |
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Performance Measurements: |
| 1. | See Dayforce for Performance Goals |
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Knowledge and Skills: |
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Experience | Eight to ten years of similar or related experience. Accounting experience at a managerial level or higher desired. |
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Education | (1) A master's degree, or (2) a bachelor's degree plus professional certification (e.g., CPA, CFA). |
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Interpersonal Skills | Interpersonal SkillsThe ability to motivate and influence others with a collaborative and congenial approach is paramount; having compassion for coaching and counseling others is critical; should possess the ability to communicate technical aspects of the position in easy-to-understand concepts and terms. |
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Other Skills | Strong communication skills; organized and detail-oriented; analytical skills a must with the ability to use or understand various software applications and/or data extraction tools; proficient with MS Office, Teams, and other similar programs; knowledge of core banking applications helpful. |
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Physical Requirements | The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is required to sit for long periods at a time, use hands to finger, handle, or feel, and talk or hear. The employee is occasionally required to walk; reach with hands and arms; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 35 pounds. |
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Work Environment | The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate. |
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This Job Description is not a complete statement of all duties and responsibilities comprising the position. |
