General Summary (What is done and why)
The Finance Manager will function as a member of the Management team, participating in establishing and implementing major goals and objectives of the Finance department. Ensure compliance with sound, safe, and productive investment and debt management strategies. Monitor and analyze economic trends and forecast the direction of the economy and its impact on the Credit Union. Conducts financial research, and monitors financial conditions. The Finance Manager will assist the Director of Finance & Accounting in providing financial, operational, and physical measurements to aid employees, managers, and officers in making informed, strategic, and operational decisions, which can lead to improved operational quality, lowered operational costs, and increased operational responsiveness to our members’ needs.
Essential Functions, in Priority Order (Majority of duties, but not meant to be all inclusive or preventother duties from being assigned as necessary)
Assumes responsibility for the implementation and monitoring of effective financial strategies. Time: 55%
Assists Senior Leadership in developing short and long-term financial goals and objectives.
Designs, develops, and implements operational plans and procedures for the Finance department. Continually monitors the general economic environment and anticipated trends, and updates procedures so they are commensurate with economic conditions and regulatory changes.
Evaluates interest rate risk exposure and sensitivity. Maintains the monitoring process and analytical tools which ensures successful implementation of ALM strategies. Coordinates implementation of ALM strategies throughout the Credit Union.
Collaborates with members of various committees, such as ALCO and Pricing, to coordinate strategies and prepare written analysis and recommendations.
Monitors the Credit Union’s Capital position and recommends methods for preserving and increasing Capital.
Manage the budget preparation process. Including setting budget targets and guidelines, creating the budget timeline, overseeing data input by Branches, creation of reports to measure the budgeted performance, overall budget evaluation of results and spreading of the budget by month. Time: 20%
Manage the Financial Analysis team including: Time: 20%
Provide leadership to department personnel through effective objective setting, delegation, workload distribution, assignment of tasks, and communication.
Ensure completeness and accuracy of tasks assigned, and initiative for additional financial analysis as needed.
Ensure that personnel are well trained, effective, and optimally utilized.
Conduct performance appraisals and other performance management needs as required.
Conduct analyses as necessary in support of key business metrics and objectives. Time: 5%
Education (Minimum educationrequired to perform the duties of this position)
Bachelor's degree in accounting or business-related field or two years related work experiencerequired.
Experience (Minimum experiencerequired to perform the duties of this position)
In addition to the education requirement:
Seven to ten years of progressive experience in related financial positions, three years in a management role, is required. Practical experience with performing investment risk analysis and building detailed models to forecast potential results.
Knowledge, Skills and Abilities (Minimum experience, technical and communication skill levels and licenses/certificates normally required to perform the duties of this position)
Demonstrated skills in analysis and reporting.
Understanding of A/L and cash flow modeling techniques.
Thorough knowledge of finance, investments, financial research, and reporting.
Familiarity with related laws and regulations.
Proficiency in the use of spreadsheets and costing software.
Demonstrated attention to details and skills in prioritizing and organization of work.
Good communication skills - listening and presentation, to learn information needs of organization.
Drive for Results
Integrity and Trust
Developing Direct Reports and Others
Managing Through Systems
Building Effective Teams
Advanced analytical and problem-solving skills.
Solid organizational abilities.
Resourcefulness in gathering information.
Accuracy in compiling data with attention to details.
Ability to meet deadlines and changing corporate priorities.
Tools and Equipment Used
All available general office equipment as needed.
All available computer software and hardware as needed.
Software applications including Word, email, spreadsheet, MPC, and Internet use.