Experience and Skills
POSITION SUMMARY:
Responsible for managing all aspects of ALM, liquidity, investments
and related complex financial systems. Analyze results and provide
management with meaningful and timely information to support
management decisions . Oversee investment analysis, reporting, and
accounting and provide support documentation for NCUA 5300 reporting.
ESSENTIAL FUNCTIONS:
• Prepare, evaluate and present ALM analysis and information packets
to management, ALCO, and Board of Directors to communicate the ALM
risk position of the Credit Union. This includes written analysis to
interpret vendor reports and ALM position in a manner that can assist
in the decision making process.
• Develop financial forecasts, creating monthly financial management
reports, interest rate risk assessment and maintaining supportive
spreadsheets and other database files
• Monitor data integrity of financial systems ensuring accuracy in
data mapping and data setups with sufficient detail for analyses on
key business lines, and ensure updates to software, files, or systems
are verified to avoid reporting errors
• Prepare Operational and Strategic ALCO information packets,
facilitate meetings monthly, and maintain records of meetings. Compile
the relevant monthly statistical and trend reports that are provided
to ALCO and the Board of Directors.
• Assist with reviewing and recommending changes to the ALM, Interest
Rate Risk, Investment, Liquidity, Contingency Funding Plan, and
Concentration Risk Policies at least annually
• Follow finance related policy reporting requirements and monitor
policy limits; communicate to management and ALCO if policy limits are
exceeded. Working with management, ALCO, and the investment officers,
prepare analysis and provide recommendations for the purchase and sale
of investments
• Monitor and document liquidity position. Identify and recommend
future liquidity needs that limit liquidity risk for the credit union.
Review, maintain liquidity evaluation and analysis tools such as the
liquidity forecast, liquidity management plans, contingency funding
plans, and liquidity analysis.
• Develop methods and procedures to improve effectiveness and
efficiency of systems within area of responsibility. Responsible for
maintaining knowledge and understanding of current trends, laws, and
issues affecting area of expertise
• Complete the Cash, Investments, Liquidity and Derivatives portions
of the quarterly NCUA 5300 Call Report to accurately reflect the
position of the Credit Union. Ensure the Credit Union is in compliance
with all regulatory and GAAP requirements regarding ALM Modeling and
investment reporting
• Assist management and ALCO with long and short-term credit union planning
• Oversee investment settlements, derivative settlements, and verify
trade details are entered accurately with the safe keeper and
reflected in the investment reports as agreed. Oversee, maintain, and
monitor investments and derivatives and their related accounting
functions, portfolio transactions, and portfolio reporting
• Supervise the reconciliation of all investment related general
ledger accounts monthly, ensuring accuracy and all items over 30 days
are cleared. Maintain daily, weekly, and/or monthly reconciling lists
and records. Assist with preparing annual budget including yield
analysis and ALM what-if scenario modeling
• Supervise and provide guidance to direct reports and ensure all
system and reporting activities and processes have a backup.
Responsible for the hiring, training, scheduling, performance
appraisals, merit reviews, goals, coaching, morale and disciplinary
actions of direct reports
• Responsible for maintaining knowledge and understanding of current
trends, laws, and issues affecting area of expertise. Continuously
improve analytical capability of the team to provide insightful and
relevant recommendations to support management decisions and the
strategic business plan
• Work cooperatively with the State and NCUA Examiners and
independent auditors to ensure they receive all necessary information
to perform their reviews
• Assume responsibility for related duties as required or assigned
QUALIFICATIONS
EDUCATION/CERTIFICATION:
• Bachelor’s degree in Finance, Business, Accounting or related field
or equivalent experience
• Advanced degree or professional designation/certification (i.e.
CPA, CMA, CFA) desirable
REQUIRED KNOWLEDGE:
• Knowledge of finance, forecasting, ALM, investment principles,
budgeting and cost control
• Knowledge of financial services industry, including products and services
• Knowledge of NCUA, Federal and State financial regulations and compliance
• Understand credit union finance policies and reporting requirements
• Knowledge of finance and accounting software and systems
EXPERIENCE REQUIRED:
• Eight years to 10 years of similar or related experience in finance
or accounting position in the financial services industry
• Investment portfolio management, asset/liability management, and
financial analysis
• Budgeting, forecasting, and financial analysis
• Three or more years of experience directly supervising personnel
SKILLS/ABILITIES:
• Strong interpersonal skills including the ability to communicate
effectively and work in a team environment
• Demonstrated leadership skills including the ability to motivate
and/or influence others and obtain cooperation
• Strong analytic, financial modeling and reporting skills
• Ability to interpret data into a summarized analysis
• Solid time management and organizational skills
• Strong attention to detail and accuracy in systems, communications
and reporting
• Proficiency in the use of financial systems, databases and related
computer applications
• Ability to work independently
• Strong communication skills in listening, writing, and speaking
• Ability to identify and resolve problems
• Ability to use sound judgment in decision making
WORKING CONDITIONS
• Standard office conditions
• Low to moderate noise
• Limited lifting up to 10 lbs.
This description has been reviewed to ensure that only essential
functions and basic duties have been included. Peripheral tasks,
only incidentally related to each position, have been excluded.
Essential functions, requirements, skills, and abilities included
have been determined to be the minimal standards required to
successfully perform the positions. In no instance, however, should
the duties, responsibilities, and requirements delineated be
interpreted as all-inclusive. Additional functions and requirements
may be assigned by supervisors as deemed appropriate.
In accordance with the Americans with Disabilities Act, it is
possible that requirements may be modified to reasonably accommodate
disabled individuals. However, no accommodations will be made which
may pose serious health or safety risks to the employee or others or
which impose undue hardships on the organization.
The Credit Union believes that each employee makes a
significant contribution to our success. That contribution should
not be limited by the assigned responsibilities. Therefore, this job
description is designed to outline primary duties, qualifications,
and job scope, but not limit the incumbent. It is our expectation
that each employee will offer his/her services wherever and whenever
necessary to ensure the success of our endeavors.
This Job Description is not a complete statement of all
duties and responsibilities of this position and may change with
or without notice.
