Senior Vice President Finance

Park Community Credit Union was established in 1965 to serve the employees of General Electric’s Appliance Park in Louisville, Kentucky, hence the name “Park” Community Credit Union. With over $1.3 Billion in assets and 17 branches they serve the larger communities they are in, Louisville Metro, Southern Indiana, and the Bluegrass Region including Lexington, Richmond, and Berea. Park Community Credit Union is Kentucky’s largest Community Development Financial Institution (CDFI) Credit Union. Thy are driven by their mission to build thriving communities together, through financial inclusion and empowering underserved communities with a mission to deliver fair and affordable financial products to increase responsible investments in economically distressed communities and has a unique position to deploy funds into the underserved areas of Kentucky that need it most. At Park Community they are committed to their purpose of Empowering Communities, Fueling Dreams and Cultivate Belonging and their vision is a world where hope, opportunity and belonging unite us all. This commitment is supported through their core values of Vibrant Connection, Inclusive Excellence, Bold Compassion, and Endless Empowerment in all they do.

Park Community Credit Union is looking to build on their success and is in search of a strong financial Executive to join their team as the Senior Vice President of Finance. By emphasizing ONE Park, ONE mission, ONE team, the SVP of Finance is focused on aligning financial strategies to meet credit union objectives. They will direct and ensure the fiscal functions of the credit union are done in accordance with generally accepted accounting principles issued by the Financial Accounting Standards Board and other regulatory and advisory organizations and are in accordance with financial management techniques and practices appropriate with the industry. In addition, this role directs the data analysis functions of the credit union critical to business decisions. This leader will participate in the strategic management of the organization as a member of the Strategic Alignment Team working to achieve overall financial and organizational success and will Chair the Credit Risk Committee, Management ALCO, and Rate Committee.

Essential Functions & Responsibilities:

• 25% Manage the financial and accounting functions of the credit union directly or through subordinates. Ensure adherence to generally accepted accounting principles (GAAP), including preparing for impending changes in accounting standards.
• 15% Oversee the preparation of ALM model simulation and projections, etc., ensuring timely and proper model maintenance, testing and updating of ALM software. Ensure income, expenses, profits, asset/liability growth are sufficiently projected. Ensure the model properly generates Board, ALCO reports, budgets, interest rate risk positions, etc. so Executive Management may rely on its results for decision-making. Use information from the model to recommend asset liability strategies.
• 15% Oversee the Data Analytics Department to perform sophisticated analytics (aggregated, statistical and predictive analytics) to provide actionable insights that improve business outcomes and minimize risk. Act as a consultant to business leaders and other stakeholders on leveraging insights and building strategies around analytics. Determine the profitability of branches, departments and products.
• 15% Work with the VP of Finance and the ALM Analyst to oversee the budget process, ensuring all growth strategies, projects, depreciation, interest rate forecasts, etc. are sufficiently included. Monitor budget variances on an ongoing basis and provide the CFO with analytical breakdowns. Perform ongoing yield analysis, including explanation of material variances.
• 10% Participate in the development of the credit union’s financial goals and objectives. Oversee liquidity, investment strategies, etc. which support the credit union’s goals and objectives. Chairs Credit Risk Committee, Management ALCO and Rate Committee.
• 10% Develop/enhance department’s policies and procedures to ensure a strong internal control system; Ensure the finance department follows best practices. Work with regulatory agencies and CPA firms as directed by the Chief Financial Officer (CFO) regarding auditing the financial records of the credit union; work directly with the CFO to provide evidence of financial stability and sound practices.
• 5% Hire, train, direct, coach and develop employees to accomplish the objectives required of the department. Provide timely feedback; evaluate performance as required; make recommendations regarding department structure to ensure efficient process.
• 5% Performs other job-related duties as assigned.

Performance Measurements:

1. To be an ambassador of Park's culture supporting the credit union's mission to build thriving communities together ensuring words and actions align with the Park VIBE that defines our Core Values: Vibrant Connections, Inclusive Excellence, Bold Compassion, Endless Empowerment.
2. To provide friendly, professional and accurate service and support to all members and coworkers.
3. To meet or exceed operational objectives as set forth in annual budget.
4. To maintain a cohesive, highly trained and motivated staff, sufficient to meet the needs of the Credit Union.
5. To maintain acceptable risk & internal control standards.
6. To monitor, report on and address trends relevant to the financial industry.
7. To develop recommendations for cost efficiencies and enhancements to products, pricing, and processes by monitoring trends in operations.
8. To maintain a professional work environment, promote teamwork, build respect among coworkers and present a businesslike appearance.
9. To follow all security policies and procedures and report discrepancies or suspicious activity to manager immediately.

Knowledge and Skills:

Eight to ten years of similar or related experience. A master's degree, or a bachelor's degree plus professional certification (e.g., CPA). Work frequently involves exercising advanced conflict resolution, giving material presentations, and resolving issues impacting multiple departments or divisions. Role also requires the ability to motivate or influence others as a material part of the role, with a significant level of diplomacy and trust. Obtaining cooperation (internally and/or externally) is an important part of the role and a high level of interpersonal skills is critical to the success of this position. Strong knowledge of GAAP. Prior Credit Union or Financial Institution experience preferred. Requires a degree in Business Administration, Finance, or Accounting; CPA preferred. Excellent analytical skills, people skills, and self-direction are required. Must be proficient with PC accounting, spreadsheet, and word processing software. Background in bank data processing systems preferred.