What are the responsibilities and job description for the VP Finance position at Arsenal Credit Union?
Description
Founded in 1948, Arsenal Credit Union is a $413M federally insured, state-chartered credit union focused on providing great service to our members through our branch network and digital banking channels. It’s our goal to equip members with tools and technology that put them in control so they can crush their financial goals with confidence.
As a 2024 Top Workplace award recipient by the St. Louis Post Dispatch, we're proud of our culture of unity and commitment to our employees. We firmly believe that our employees are our most valuable resource and are dedicated to providing them with a positive and supportive work environment. We strive to foster fair treatment, open communication, personal accountability, trust, and mutual respect. By doing so, we aim to empower our employees to advocate for our members, provide the best possible service, and be their ally for good.
We have an opening for a Vice President (VP) of Finance at our corporate office in Arnold, MO.
The VP of Finance's responsibilities include establishing and maintaining the credit union’s fiscal record-keeping system by utilizing generally accepted accounting principles; adhering to tax laws and regulatory compliance to properly reflect the financial position of the credit union; ensuring that department activities run smoothly and efficiently while in compliance with credit union policies and procedures; providing leadership, training, and supervision of the Accounting Manager and within the department, and delivering a high level of customer relations and service to staff throughout the credit union. The VP of Finance assists in attaining established credit union and department goals and assists the Senior Vice President (SVP) of Finance and Collections in the overall objectives and goals of the credit union and the accounting department.
The ideal candidate will be in the St. Louis area and commute to our corporate office. This position is eligible for a hybrid work arrangement after six months of employment.
What will you be responsible for:
- Assist in coordinating the credit union’s budget management functions and accounting operations.
- Assess current cost accounting methods and product/branch profitability measures and provide recommendations for changes.
- Assist the SVP of Finance and Collections in monitoring and analyzing monthly operation results against the budget and communicating/addressing budgetary issues.
- Prepare month-end reports, manage the month-end closing process, and review month-end results with the SVP of Finance and Collections prior to closing.
- Create statistical and operational reports, including standing monthly reports.
- Assist the SVP of Finance and Collections in the preparation of financial statements and financial forecasting, including liquidity.
- Assist the SVP of Finance and Collections in the preparation of annual audits for the credit union and in correcting/rectifying any audit findings.
- Prepare data for the Asset Liability Management (ALM)/Internal Rate of Return (IRR) process monthly and serve as a backup for ALM for the credit union.
- Review and improve existing policies and procedures relating to financial management.
- Serve as a backup to the Accounting Manager and SVP of Finance and Collections in their absence.
Requirements
What skills does this position require?
- Bachelor’s degree in accounting or finance. Master’s degree and/or Certified Public Accountant (CPA) preferred.
- Seven to ten years of progressive experience in a financial institution
- Advanced Microsoft Excel skills, including macros, pivot tables, SQL tables, loading and manipulating data, etc. required.
- Must have excellent analytical and problem-solving skills.
- Must have high regard for details to ensure accuracy with each transaction and follow through on corrections and details.
- Knowledge of finance, accounting, budgeting, cost control principles, financial and accounting reporting systems, and federal and state regulations
- Ability to analyze financial data and prepare financial reports, statements, and projections.
- Must have a working knowledge of short- and long-term budgeting and forecasting.
- Excellent professional written and verbal communication and interpersonal skills
What does Arsenal Credit Union offer?
Working at Arsenal is more than a job – You are part of a mission that puts helping people above all else. With up to eight hours of paid volunteer time each year, we reach out to the communities we serve!
Benefits include:
- 401k Retirement Plan with up to 5% company match
- Managers Bonus Plan
- Generous Paid Time Off
- 11 Paid Holidays each year
- Health, Dental, and Vision Insurance options
- FREE Group Term Life Insurance
- FREE AD&D Insurance
- FREE Long/Short-Term Disability
Arsenal Credit Union is an EOE/M/F/Disability/Veteran
