VP Finance

Description

Who We Are

We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries-old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, "We Improve Lives." This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well-being of members.

At Black Hills Federal Credit Union (BHFCU), we’re committed to improving the lives of our members every day, and we look for people who share that passion. Don’t have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths.

General Purpose: Responsible for the functions related to the accounting department and those assigned to the financial analyst position. Assists the Chief Financial Officer (CFO) with financial modeling, asset/liability management, the rate setting process, credit union annual budget and other assignments as determined. Also responsible for directing and overseeing all financial activities of the Credit Union and developing and maintaining a financial reporting system that monitors achievement of Credit Union goals and objectives.

Essential Duties/Responsibilities:

• Direct daily operations of Accounting, Finance, and Internal Audit operations. 
• Serves as a participant of the Asset Liability Committee (ALCO). Oversees preparation of ALM reports, trends and analyses. Prepares relevant reports/packet for the ALCO, presents the packet of reports and serves as an active member to the committee.
• Direct and oversee BHFCU’s Asset/Liability Management program in order to ensure all objectives are met and reporting is done in a timely manner.
• Works with CFO on managing BHFCU’s investment portfolio and balance sheet strategy.  Balance sheet strategy includes, but not limited to, funds management, hedging, asset and loan participation sales, liquidity and cash flow management.
• Analyze costs, activities, operations, and forecast data to determine departmental progress towards stated goals. Oversees the preparation of financial reports to include reviews, analysis and interpretations. Assists with presenting reports to leaders and executive teams when applicable.
• Establishes projects and goals for each area of responsibility and tracks performance.
• Responsible for the preparation of the annual Credit Union Operating, Capital Acquisition, and Personnel budgets for presentation to the CFO, President/CEO and Board. Implement annual financial strategic plan and oversee back-office operations budget to accomplish objectives. Maintain control over departmental expenditures versus budget.
• Responsible for periodic analysis of budget projections, variances and profitability.
• Prepares and maintains disaster recovery plan as it pertains to accounting, finance and ALM components. Supports other areas as needed and serves as a member of the Business Continuity Team.
• Works with CFO to develop strategic financial goals and regulatory financial compliance.
• Assist in the establishment, maintenance and monitoring of inter­nal controls, as well as policies and procedures.  Read, interpret, review and comply with all federal and state legislation pertaining to accounting and other back-office operations.  Maintains awareness of new trends and advances in the Credit Union industry and maintains professional affiliations.
• Responsible for managing and directing people and/or resources with fairness and consistency to meet departmental goals. Promote teamwork and encourage process improvement, while creating a positive work environment where employees feel recognized and valued. Responsible for evaluating employees, determining talents and development opportunities, and working with employees to improve performance, enhance skills, or create loyalty to the credit union. Conduct timely employee performance appraisals and coaching, and effectively resolve employee issues and performance concerns.

Other Duties/Responsibilities:

• Assure the development of individual and department plans and budgets that are consistent with the strategic plan and overall budget.
• Work closely with other leadership and department management personnel to ensure that the overall operation of the Credit Union runs smoothly.  Establish and maintain effective professional working relationships with BHFCU staff and management.
• Assist with development and tracking of internal employee incentive programs.
• Remain current on changes within the legal, regulatory, economic, competitive and technology environments that may affect the accounting, share draft, item processing, and purchasing functions.  Ensure accounting procedures are in compliance with applicable federal and state regulations.
• Perform specific and delegated duties as assigned by the Chief Financial Officer.

Job Knowledge:

• Knowledge of Credit Union finance and other back-office operations.
• Knowledge of the fundamentals of the financial industry, including an understanding of the Federal Reserve System; the check clearing process; and the legal theory of negotiable instruments
• An understanding of basic EFT and ACH technology.
• An understanding of planning. Should understand the basic mechanics and have a realistic working understanding of a management by objectives system.
• Knowledgeable in personnel administration with an under­standing of wage and salary administration; performance evalua­tion; succession planning; and training.

Job Qualifications (Skills):

BHFCU is committed to working with its employees to reasonably accommodate them with the physical aspects of the position.  The following list outlines the physical considerations that are normally encountered in this job.

• Vision:  A sighted person to read and interpret financial data.
• Speech/Hearing:  Ability to communicate verbally and in writing with staff, members and vendors.
• Manual Dexterity:  Ability to perform necessary computer-related input.
• Physical Mobility:  Ability to travel to make presentations on Credit Union's behalf, travel to other offices, and the ability to work flexible hours.

Job Qualifications (Ability):

• The ability to handle multiple, conflicting deadlines.
• The ability to delegate work assignments, give authority to work independently, and monitor delegated activities to ensure completion in a timely manner.
• Working knowledge of computers including personal computers and related software, in-house system and basic office machines.
• Ability to generate and analyze research data.
• Ability to speak clearly and persuasively in positive or negative situations, demonstrates group presentation skills, and conduct productive meetings.
•  Working knowledge of appropriate financial analysis techniques.

Job Qualifications (Education/Experience):

Job requires a four-year college level of language, math and reasoning skills.  Five years' experience in a related field with equal responsibilities is acceptable.  A CCUE, CPA or CMA designation is desirable.  Formal training should be supplemented with continuing education. 

Working Conditions:

Material and Equipment Involved

• Personal Computer
• In-House Computer System
• Microsoft Office Software
• 10-key Calculator
• Homesite 4.0
• Various Corporate Credit Union Account Access Software Programs

Work Environment/Physical Activities

Occasional travel to one of BHFCU’s branch locations or attendance at community events may be required.

Physical Requirements

Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 5 lbs. Must be capable of climbing/descending stairs in emergency situation. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day. Must be able to work extended hours whenever required or requested by management. Must by capable of regular, reliable and timely attendance.

Working Conditions

Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise.

Mental and/or Emotional Requirements

Must be able to perform job functions with supervision and work effectively either on own or as part of a team. Must be able to read and carry out various instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be able to perform basic mathematical calculations with extreme accuracy. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines/requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on confidential matters. Must be capable of a high degree of mental concentration to interpret and act upon a wide range of situations.  Must be capable of a degree of attention to detail.

Notice:  This job description is not intended to be, nor should it be construed as, a contract or guarantee of employment.  Black Hills Federal Credit Union adheres to all federal and state labor laws regarding termination and probationary periods.  This position is also subject to all the personnel policies of Black Hills Federal Credit Union.  Changes may be made to this job description at any time by the President.  Black Hills Federal Credit Union is an equal opportunity employer.

Black Hills Federal Credit Union is an equal opportunity employer. All applicants will receive consideration without regard to age, race, color, sex, sexual orientation, genetic information, religion, national origin, disability, veteran status, or any other status or condition protected by state or federal law. BHFCU will provide reasonable accommodation to qualified persons with a disability but who are otherwise able to perform the essential functions of the job.

Qualifications