Experience and Skills
POSITION SUMMARY:
Responsible for managing all aspects of budgeting, forecasting,
financial analysis and related complex financial systems. Analyze
results and provide management with meaningful and timely information
to support management decisions. Work closely with lines of business
to develop and communicate financial plans at the cost center level
and overall organization.
ESSENTIAL FUNCTIONS:
- Develop the annual and long-term operating and capital expenditure
budgets for the organization. Obtain budgetary input from all lines
of business and ensure the development of department plans and
budgets support the strategic plan
- Provide advice and recommendations on all aspects of assigned
budget area to cost center managers
- Develop financial forecasts, budget variance reports,
profitability reports, and other monthly and quarterly financial
management reports for management, ALCO, and the Board of Directors
- Identify and analyze the reasons for variances in actual results
compared to budgets and forecasts and make recommendations to
management for corrective action
- Collaborate with lines of business to understand financial
reporting needs and develop effective financial data and reports
from various systems
- Perform economic/financial research and analysis utilizing a broad
range of environmental and business data for use in development of
business strategies
- Review financial statements and related comprehensive analysis for
variances and trends
- Monitor data integrity of financial systems ensuring accuracy in
data mapping and data setups with sufficient detail for analysis on
key business lines, and ensure updates to software, files, or
systems are verified to avoid reporting errors
- Work with IT to develop and improve data management and reporting
capabilities in line with organizational needs
- Administer, maintain, and utilize software resources for financial
management, working closely with all financial systems including
ALM, ProfitStar, and PROFITability software programs. Ensure all
line items in financial models are in synch and accurately reflect
the characteristics and optionality of each share, loan, and
investment type in the database.
- Identify, recommend and execute resolutions to key issues as they arise
- Lead or assist on projects of moderate to high scope and
complexity including cross-functional projects. Communicate project
opportunities and constraints to Management while monitoring project status.
- Collaborates with subject matter experts, business leaders and
end-users to plan the appropriate project scope
- 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
- Supervise and provide guidance to direct reports and ensure all
system and reporting activities and processes have a backup
- Continuously improve analytical capability of the team to provide
insightful and relevant recommendations to support management
decisions and the strategic business plan
- Responsible for the hiring, training, scheduling, performance
appraisals, merit reviews, goals, coaching, morale and disciplinary
actions of direct reports
- Work cooperatively with State and NCUA examiners and independent
auditors to ensure they receive the 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, budgeting, profitability, and
cost control principles
- 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:
- Five years to eight years of similar or related experience, in an
advanced finance or accounting position in the financial services industry
- Budgeting, forecasting, and financial analysis
- Three or more years of experience directly supervising personnel
Skills/Abilities:
- The ability to motivate or influence internal or external senior
level professionals is a critical part of the job, requiring a
significant level of influence and trust. Obtaining cooperation and
agreement on important outcomes via frequently complex, senior level
dialogues, as well as a professional level of written communication skills
- Demonstrated leadership skills including the ability to motivate
and/or influence others and obtain cooperation
- Strong analytic, financial modeling and reporting skills
- Strong attention to detail and accuracy in systems, communications
and reporting
- Ability to interpret data into a summarized analysis
- Proficiency in the use of financial systems, databases and related
computer applications
- Solid time management and organizational skills
- 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.
