AVP, Director of Finance
23 days ago
Knoxville
Job Description SUMMARY: The AVP, Finance is responsible for analyzing and forecasting cash needs to ensure adequate funding for credit union operations, managing correspondent accounts to maximize returns, and assisting the Chief Financial Officer with the investment portfolio. This role involves managing quarterly ALM analysis, utilizing financial performance software for forecasts and reports, performing fixed asset accounting and capital budget tracking, assisting with annual budget preparation and variance analysis, and developing profitability models. Additionally, the position includes maintaining records, posting transactions, preparing monthly reports for the Board of Directors, providing trade recommendations, and performing due diligence on investment partners. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned. • Analyze and forecast cash needs of the credit union to ensure adequate funding is available for all credit union operations., • Manage all correspondent accounts to maximize returns on daily liquid funds., • Assist the Chief Financial Officer in managing the credit union's investment portfolio, including, • maintaining records,, • posting all related transactions,, • preparing monthly reports for the Board of Directors,, • providing trade recommendations to enhance revenue while managing liquidity and interest rate risk, and, • performing due diligence on all investment partners used by the credit union., • Manage the credit union's quarterly Asset Liability Management (ALM) analysis by uploading data, reviewing and modifying inputs and assumptions, validating outcomes, and compiling quarterly reports for the Board of Directors., • Utilize the credit union's financial performance suite software to create financial forecasts, prepare dashboards and reports, and provide insights to support strategic decision-making within the credit union., • Perform fixed asset accounting and capital budget tracking., • Assist with the preparation of the credit union's annual budget and analyze budget variances., • Assist the Chief Financial Officer with the development, implementation, and maintenance of department/branch, product, and member profitability models., • Back-up the AVP/Controller as needed with monthly GL reconcilements and financial report preparation. SUPERVISORY RESPONSIBILITIES: None. MINIMUM REQUIREMENTS: • Maintains a positive attitude with employees and members, and remains flexible while focused on accepted practices, policy, productivity and effectiveness., • Promotes awareness of the credit union mission and brand statement to the credit union membership., • Strong knowledge of financial products and services., • Regular and predictable attendance., • Maintains a professional appearance in accordance with established dress code policy., • Technological skills and knowledge, including computer literacy. PERFORMANCE STANDARDS: Maintains conservative, yet reliable records prepared on a timely basis, that fully address all aspects of the credit union's assets, liabilities, income, expense, and reserves. Ensures that the accounting process is maintained to conform to the requirements of the Federal Credit Union Act, State legislation as might be applicable, other Rules and Regulations and Financial Management Standards prescribed and/or recommended for the prudent financial management of the credit union. QUALIFICATION REQUIREMENTS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. EDUCATION and/or EXPERIENCE: Accounting or Finance degree from a recognized university. At least three (3) years' experience in a similar position at a financial institution. Equivalents in education and experience considered. LANGUAGE SKILLS: Ability to read, analyze, and interpret financial reports and legal documents. Ability to respond to common inquiries or complaints from members, regulatory agencies, or members of the community. Ability to effectively present information to top management, public groups, and/or boards of directors. OTHER SKILLS and ABILITIES: • Familiarity with credit union accounting standards and credit union industry terminology., • Must have a clear understanding of financial institution accounting., • Understands all deadlines and does what is necessary to meet them., • Excellent typing and computer skills, including email and core system., • Strong leadership skills., • Good attitude and professional, courteous personality conducive to dealing with staff and members., • Excellent listening, oral and written communication skills., • Accurate, detailed, self-starter who can exercise independent judgment when addressing problems., • Excellent organizational skills, math skills, good reasoning ability and problem-solving skills. -- Word processing -- Email, Internet, and other programs as specified -- Financial management software 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 accommodation 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 sit and talk or hear. The employee frequently is required to use hands to finger, handle, or feel objects, tools, or controls and reach with hands and arms. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 30 lbs. The employee should be able to work overtime as needed, attend meetings, seminars and travel. WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee occasionally works near moving mechanical parts. The noise level in the work environment is usually quiet. Thank you for your interest in joining UT Federal Credit Union. As part of our commitment to ensuring a safe and secure work environment, all offers of employment at UT Federal Credit Union are contingent upon the successful completion of a comprehensive background check. The background check may include, but is not limited to, checks of your criminal record, employment history, educational credentials, credit history, motor vehicle record, and references. You may be required to provide additional information and complete further documentation to facilitate these checks. By proceeding with this application, you hereby authorize UT Federal Credit Union and its designated agents and representatives to conduct such investigations and request such information as is necessary to evaluate your suitability for employment. In the event that information from a consumer report obtained about you from a consumer reporting agency is used in whole or in part in making an adverse decision with regard to employment, you will be provided with a copy of the consumer report and a description in writing of your rights under the law. Should there be any discrepancies or disputes regarding the information obtained during the background check, or should you otherwise wish to discuss the report's contents with us, you will have an opportunity to discuss and/or dispute the content with us before a final employment decision is made. All information received during the background check process will be treated with the utmost confidentiality and sensitivity, in accordance with the law. It will be used solely for the purpose of evaluating your potential employment at UT Federal Credit Union. Please complete the application if you understand and agree to the above-mentioned conditions. In doing so, you acknowledge that you have carefully read and understand this Disclosure and Authorization and authorize UT Federal Credit Union to obtain and/or its agent to obtain and furnish to the Credit Union information related to your background to be used for employment purposes. Job Posted by ApplicantPro