Manager Finance

The Finance Manager oversees the Finance department and ensures compliance with GAAP, NCUA regulations, and internal policies governing the management of interest rate risk, liquidity risk, loan concentration risk, and the investment portfolio. This position is also responsible for ensuring timely and accurate preparation of various financial/executive reports, coordinating daily operations of finance functions, including recurring and ad hoc analytical support, and the operation, development, and maintenance of Finance systems and forward looking forecasts that are key to executive decision making. The position also assists the CFO with strategic decision-making related to loan and deposit pricing, investment portfolio management, balance sheet management, and high-level decisions impacting the credit union's financial position.

Monitors financial market conditions, balance sheet activity, and develops strategies to optimize the credit union's financial performance while minimizing interest rate risk and maintaining operations within policy limits.
• Maintains internal ALM model used for balance sheet and income statement forecasting and interest rate risk (IRR) assessments, conducted frequently, per ALM policy. Duties include continuous improvement of the model by developing new forecasting techniques and new system implementations as needed.
• Responsible for ensuring the reasonableness of the model by conducting back-testing and model validations according to the ALM Policy.
• Works with management to develop assumptions to complete business projections and IRR simulations.
• Participates in developing policy limits related to concentration risk limits, interest rate risk, liquidity, investments, and any other limits required by management and/or the NCUA. Responsible for tracking and reporting compliance with these policy limits.
• The finance manager will be responsible for implementing new processes and enhancing the credit union's analytical capabilities in accordance with regulatory expectations.
• Works with the CFO and the credit union's external investment manager on strategic investment decisions and manages the day-to-day monitoring of the investment portfolio and settlement activity.
• Oversees daily cash management activities and is responsible for maintaining cash at levels required by policy.
• Makes recommendations to management for borrowing or taking other appropriate steps to ensure adequate liquidity levels to support short-term and long-term business-related requirements.
• Provides ALCO with information related to interest rates, capital markets and economic activity as needed.
• Makes recommendations for the pricing of deposit products and works with lending departments on loan product pricing.
• Prepares and reports on growth trends, channel/branch performance, new business yields, and trends.
• Prepares and reports on other financial matters as needed by ALCO.
• Responsible for development of budget and 3-Year forecast, including sensitivity analysis and other analyses to support results of the forecasting.
• Responsible for budget variance analysis, including channel variance analysis on loans/deposits and interest income (yields, amounts & attribution analysis), and reporting such information to ALCO.
• Responsible for production of quarterly forecasts and associated assumptions, including deposit growth, loan production, prepayments, non-interest income, and interest rates.
• Responsible for relationship pricing (RR) analysis and participates in making recommendations & executing management approved initiatives.
• Oversees the maintenance of funds transfer pricing (FTP) systems and provides and explains reports to management.
• Responsible for branch, product, member, and channel profitability analysis such as ATMs, including cost and earning contributions. Initiates channel profitability analysis as new products and channels are adopted.
• Responsible for any ad-hoc analyses related to new investments by the credit union, including new business initiatives and investments in new branches.
• Responsible for quarterly net worth target calculation/maintenance.
• Responsible for assessing financial risk from earthquakes, fires, and credit loss and reporting this information to executives and the board annually as part of the multi-dimensional risk assessment.
• Responsible for critical vendor and potential new vendor financial evaluations.
• Participates in various committees that may require financial analysis or are charged with developing recommendations that significantly impact earnings.
• Conducts ad-hoc financial analyses and research as needed.
• Assists Secondary Marketing with residential real estate loan pricing and profitability, including 1st and 2nd Trust Deeds and HELOCs.
• Works with Secondary Marketing and the Real Estate departments to develop, price, and set new products/product structures.
• Responsible for the Asset Liability Management and Liquidity Management, Concentration Risk Limits, and Investment Policies.
• Assists in developing plans, procedures, and reporting systems for proper financial control of the Credit Union.

• At least 7 years+ of finance experience

• At least 5 years of banking/credit union experience in the areas of institutional investment management, ALM, treasury management, or profitability analysis and forecasting.