APGFCU
Vice President Finance
APGFCU, Edgewood, Maryland, United States, 21040
APGFCU - Your Community Credit Union! For over 80 years, APGFCU has shared our financial experience and provided valuable products and services to build stability and financial independence, one member at a time. We are looking for those who want to join this movement and become a part of a growing organization. We offer competitive pay and great benefits.
Summary:
Under the direction of the chief financial officer (CFO), this position is responsible for leading and managing the financial portfolio of the credit union in a manner consistent to achieving corporate goals. This position advises the CFO with respect to asset liability management risks and strategies, profitability of products and business lines, financial forecasting, financial reporting, financial stability, financial growth and liquidity of the credit union.
Essential Duties and Responsibilities:
Strategic Planning:
Responsible for developing, implementing and communicating long and short-term goals of the Finance department in order to support the overall mission of the credit union. Under the direction of the CFO, develops financial plans that align with the credit union's strategic goals, balancing long-term financial stability, while achieving growth. Supports the strategic planning process by preparing reports and analyses; collaborating on assumptions and developing viable scenarios and contingency plans. Researches, develops and proposes strategies and programs to enhance the financial position of the credit union. Develops tactical plans to support the overall strategic plan. Monitors and reports benchmark data to measure overall credit union performance and progress to goals. Risk Management:
Ensures compliance with federal credit union regulations and statutes as they relate to all areas of finance, including asset liability management, credit risk, liquidity risk, and interest rate risk. Financial Management and Reporting:
Manages the overall working capital to support loan volumes and invests excess funds into the appropriate investments. Maintains close liaison and relationships with investment brokers and financial institutions. Directly responsible for the buying and selling of investment securities and instruments as set forth within the Investment Policy. Supports the budgeting process for the Credit Union as it relates to investments and asset quality. Participates as a member of the pricing team, which is responsible for monitoring competitor products and rates, developing deposit and loan rate strategies, and evaluating the viability of new products, promotions and changes in terms. Prepares financial proformas for new products, promotions and changes in terms that consider various scenarios or "what-ifs" to support effective decision-making. Manages the investment portfolio in order to maximize earnings consistent with liquidity and prudent risk levels. Maintains and monitors the results as compared to both short- and long-term financial plans. Responsible for the asset liability management reporting system and financial management policies, advising and advises the CFO as to action steps that balance the mitigation of risk with profitability goals. Participates with the liquidity triad to monitor routine liquidity needs and cash management activities. Manage the preparation of various financial reports. Leads and manages the preparation of financial forecasts to support effective decision-making and resource allocation at the executive level in every economic environment. Gathers business information to prepare financial analysis for contract negotiations and branch profitability analysis. Identify trends and recommendations for improvement consistent with corporate goals. Technology/Equipment/Research:
Responsible for continuously moving the department to more efficient technologies. Ensure finance department has in place disaster recovery plans in the event of system failure, which are periodically validated. Budget Management:
Create, monitor, allocate and reconcile annual department budget. Forecast any anticipated expenditures as needed. Project Management:
Lead, facilitate and coordinate project work within and across business units, ensure project deadlines are met and implementation and results are achieved as designed. Collaborate cross departmentally to prioritize solutions, and act as project lead where applicable. Internal and External Partnerships/Vendor Management:
Develop and maintain excellent relationships with internal and external partners and vendors; addressing, resolving or escalating, as needed, participate in interdepartmental credit union meetings to provide support and assistance in resolving day-to-day challenges and be proactive in recommendations for improving efficiencies and partnerships. Responsible for vendor due diligence within the department. Additional:
Responsible for completion of applicable training and compliance on federal regulations and APGFCU policies and procedures as related to the duties of this position (Bank Secrecy Act, Information Security as examples, if applicable). Perform other duties as assigned.
Position Requirements:
Education:
Bachelor's degree in accounting, finance or related field.
Experience:
Minimum of 12 years of experience in finance management to include experience in a financial institution.
Knowledge, Skills, and Abilities:
Strong understanding of the budgeting process, forecasting and application of asset liability management techniques. Ability to lead independently as well as collaborate across functions in order to foster teamwork across the credit union. Ability to analyze and report branch and product profitability for the credit union. Ability to execute departmental strategic planning and execute according to plan, making course corrections as needed. Knowledge of financial institution operations and business technological advances in order to remain competitive. Strong human relations, public relations, management, analysis and organizational skills. Must be able to work independently toward general results and collaborate as part of a team. Ability to efficiently handle multiple priorities in a fast-paced environment, with detail and results orientation. Ability to develop long term department goals; translate those goals into executable tactical actions; and motivate others to meet or exceed goals. Requires exceptional oral and written communication skills in order to effectively convey thoughts and concepts to a variety of audiences and recipients. Previous experience with recognizing the unique value, perspective and ideas of each individual in order to create a workplace which values diversity and inclusion. Ability to define problems, collect data, establish facts, draw valid conclusions, and take action. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables. Microsoft Excel experience; at least intermediate level.
Preferences:
CPA, MBA or CFA. Previous experience with using Macros, Access and Power BI programs. Applicable Credit Union investment certifications.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this 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 regularly required to stand; walk; use hands to finger, handle, or feel objects, tools, or controls; and talk or hear. The employee frequently is required to reach with hands and arms. The employee is frequently required to sit, stoop, kneel, or crouch. The employee must frequently lift and/or move up to 25 pounds and be capable of transporting related supplies and equipment. Specific vision abilities by this job include vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus.
Work Environment:
Work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this 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 not exposed to weather conditions. The noise level in the work environment is usually moderate.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
APGFCU is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability to Protected Veteran status.
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Summary:
Under the direction of the chief financial officer (CFO), this position is responsible for leading and managing the financial portfolio of the credit union in a manner consistent to achieving corporate goals. This position advises the CFO with respect to asset liability management risks and strategies, profitability of products and business lines, financial forecasting, financial reporting, financial stability, financial growth and liquidity of the credit union.
Essential Duties and Responsibilities:
Strategic Planning:
Responsible for developing, implementing and communicating long and short-term goals of the Finance department in order to support the overall mission of the credit union. Under the direction of the CFO, develops financial plans that align with the credit union's strategic goals, balancing long-term financial stability, while achieving growth. Supports the strategic planning process by preparing reports and analyses; collaborating on assumptions and developing viable scenarios and contingency plans. Researches, develops and proposes strategies and programs to enhance the financial position of the credit union. Develops tactical plans to support the overall strategic plan. Monitors and reports benchmark data to measure overall credit union performance and progress to goals. Risk Management:
Ensures compliance with federal credit union regulations and statutes as they relate to all areas of finance, including asset liability management, credit risk, liquidity risk, and interest rate risk. Financial Management and Reporting:
Manages the overall working capital to support loan volumes and invests excess funds into the appropriate investments. Maintains close liaison and relationships with investment brokers and financial institutions. Directly responsible for the buying and selling of investment securities and instruments as set forth within the Investment Policy. Supports the budgeting process for the Credit Union as it relates to investments and asset quality. Participates as a member of the pricing team, which is responsible for monitoring competitor products and rates, developing deposit and loan rate strategies, and evaluating the viability of new products, promotions and changes in terms. Prepares financial proformas for new products, promotions and changes in terms that consider various scenarios or "what-ifs" to support effective decision-making. Manages the investment portfolio in order to maximize earnings consistent with liquidity and prudent risk levels. Maintains and monitors the results as compared to both short- and long-term financial plans. Responsible for the asset liability management reporting system and financial management policies, advising and advises the CFO as to action steps that balance the mitigation of risk with profitability goals. Participates with the liquidity triad to monitor routine liquidity needs and cash management activities. Manage the preparation of various financial reports. Leads and manages the preparation of financial forecasts to support effective decision-making and resource allocation at the executive level in every economic environment. Gathers business information to prepare financial analysis for contract negotiations and branch profitability analysis. Identify trends and recommendations for improvement consistent with corporate goals. Technology/Equipment/Research:
Responsible for continuously moving the department to more efficient technologies. Ensure finance department has in place disaster recovery plans in the event of system failure, which are periodically validated. Budget Management:
Create, monitor, allocate and reconcile annual department budget. Forecast any anticipated expenditures as needed. Project Management:
Lead, facilitate and coordinate project work within and across business units, ensure project deadlines are met and implementation and results are achieved as designed. Collaborate cross departmentally to prioritize solutions, and act as project lead where applicable. Internal and External Partnerships/Vendor Management:
Develop and maintain excellent relationships with internal and external partners and vendors; addressing, resolving or escalating, as needed, participate in interdepartmental credit union meetings to provide support and assistance in resolving day-to-day challenges and be proactive in recommendations for improving efficiencies and partnerships. Responsible for vendor due diligence within the department. Additional:
Responsible for completion of applicable training and compliance on federal regulations and APGFCU policies and procedures as related to the duties of this position (Bank Secrecy Act, Information Security as examples, if applicable). Perform other duties as assigned.
Position Requirements:
Education:
Bachelor's degree in accounting, finance or related field.
Experience:
Minimum of 12 years of experience in finance management to include experience in a financial institution.
Knowledge, Skills, and Abilities:
Strong understanding of the budgeting process, forecasting and application of asset liability management techniques. Ability to lead independently as well as collaborate across functions in order to foster teamwork across the credit union. Ability to analyze and report branch and product profitability for the credit union. Ability to execute departmental strategic planning and execute according to plan, making course corrections as needed. Knowledge of financial institution operations and business technological advances in order to remain competitive. Strong human relations, public relations, management, analysis and organizational skills. Must be able to work independently toward general results and collaborate as part of a team. Ability to efficiently handle multiple priorities in a fast-paced environment, with detail and results orientation. Ability to develop long term department goals; translate those goals into executable tactical actions; and motivate others to meet or exceed goals. Requires exceptional oral and written communication skills in order to effectively convey thoughts and concepts to a variety of audiences and recipients. Previous experience with recognizing the unique value, perspective and ideas of each individual in order to create a workplace which values diversity and inclusion. Ability to define problems, collect data, establish facts, draw valid conclusions, and take action. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables. Microsoft Excel experience; at least intermediate level.
Preferences:
CPA, MBA or CFA. Previous experience with using Macros, Access and Power BI programs. Applicable Credit Union investment certifications.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this 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 regularly required to stand; walk; use hands to finger, handle, or feel objects, tools, or controls; and talk or hear. The employee frequently is required to reach with hands and arms. The employee is frequently required to sit, stoop, kneel, or crouch. The employee must frequently lift and/or move up to 25 pounds and be capable of transporting related supplies and equipment. Specific vision abilities by this job include vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus.
Work Environment:
Work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this 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 not exposed to weather conditions. The noise level in the work environment is usually moderate.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
APGFCU is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability to Protected Veteran status.
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