Director of Financial Planning & Analysis

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Position Summary

The Director of Financial Planning and Analysis is responsible for Wellby Financial 's asset/liability management, financial analysis, investment analysis, liquidity management, organizational budget, profitability and management of insurance vendor agreements and relationships.. Exemplifies the mission, vision, and values of Wellby Financial. Displays strong business acumen and is confident and comfortable interacting with all levels within the organization. Works with purpose and is driven to provide the best team member experience.

Principle Duties And Responsibilities

• Willingness and ability to exhibit Wellby Core Values every day.
• Works with purpose and is driven to provide the best team member experience.
• Provides leadership and support to direct reports. Responsible for providing ongoing feedback and training to team members to achieve maximum individual performance, including on-the-job training, coaching sessions, performance discussions, and appraisals.
• Develop and maintain procedures and documentation for areas & tasks of responsibility. Coach and direct finance staff in operational activities to ensure compliance with department goals, objectives, and budget.
• Direct and organizes the coordination of the annual and dynamic budgets, including organizational communication, timelines, training, working with management teams to understand and develop and monitor individual department budgets, complies data, reviews for accuracy and adequacy.
• Aids in the development of periodic financial forecasts to reassess the expected performance against established goals working with the Senior Management team for key input.
• Responsible for budget software maintenance, including budget formulation, monitoring, variance reporting, and presentation.
• Manages the interest rate risk function of the credit union’s asset liability management model, including data quality, assumption management, and report validation.
• Manages continual development and improvement of the ALM function with the support of third-party consultants.
• Ensures quarterly “What-If” analyses are performed, reviewed, and presented to management.
• Manages the preparation of the monthly ALCO package.
• Oversee the preparation of related investment reports including performance and policy compliance.
• Oversees the compilation of daily, weekly, and monthly reporting related to pricing, liquidity, loan production, and deposit balances.
• Manages the maintenance of the Current Expected Credit Loss model and the monthly reserve calculations. Oversee the compilation of the Finance Loan Loss Meeting package.
• Supports the development, implementation, and maintenance of organizational/branch, product, and member profitability within the credit union software model. Supervises the preparation of financial profitability models for the viability of new products and services.
• Supports the annual external financial audit, NCUA examinations and comprehensive internal audits.
• Consult with cross-functional teams to analyze performance, new product and pricing strategies, assist in planning, and provide ad hoc analysis for all areas and levels of the organization to further business acumen and industry insight. Presents to leadership teams and others as needed.
• Direct the preparation of ROI on proposed projects, products, and services.
• Maintain ongoing communication with supervisor, informing them of all pertinent problems, irregularities, new developments, changes, and other important information within area of responsibility.
• Serves as backup to other positions in the Finance Department when needed.
• Performs other duties as assigned.
  
  

Knowledge, Skills, And Abilities (KSA)

• Knowledge of Wellby’s organizational functions and general operating policies and procedures.
• Knowledge of secretarial practices and procedures, business English, spelling, and punctuation.
• Knowledge of personal computer, utilizing Microsoft Office Suite and other software’s.
• Knowledge of fundamentals of accounting, economics, business law, finance, and modern information systems in a highly regulated environment.
• Knowledge of GAAP accounting standards
• Knowledge of Symitar/Jack Henry software
• Knowledge of and personal involvement with systems and methodologies of finance and administration.
• Knowledge of national and local economic trends and conditions.
• Skilled in operating computer equipment and general office machines such as personal computers, copiers, projection equipment, audio/video, Microsoft Teams, Zoom Video Communications, and adding machines.
• Ability to communicate clearly and concisely, orally and in writing.
• Ability to efficiently manage tasks, deadlines, and priorities.
• Ability to problem solve and to recognize issues and deal with them directly.
• Ability to efficiently understand and follow oral and written instructions, perform routine duties without close supervision, and establish and maintain effective working relationships with other team members.
• Ability to coordinate several concurrent activities simultaneously.
• Ability to exercise independent judgment.
  
  

Supervisory Responsibilities

The team member has supervisory responsibilities.

Complexity & Scope of Work

• The team member will ensure policies, procedures, and programs are consistently administered, aligned with organizational goals, and compliant with professional standards.
• The team member performs routine and generally related tasks without supervisory direction.
• Tasks may occasionally have to be coordinated, integrated, and/or prioritized.
• Courses of action are determined by established procedures and/or the Vice President of Finance
• The team member’s work is reviewed periodically for accuracy, completion, and compliance with the policies and procedures.
• The team member uses independent judgment in making decisions.
  
  

Physical Demands & Work Environment

• The physical demands and work environment characteristics described here represent those that must be met by a team member to successfully perform the essential functions of this position. Reasonable accommodations may enable individuals with disabilities to perform essential functions.
• To perform this job successfully, the team member is frequently required to remain in a stationary position 50% of the time. Daily movements include sitting, standing, reaching, and grasping; operating computers and other office equipment; moving about the office; and attending possible onsite and offsite meetings.
• The team member must be able to exchange information, in person, in writing, and via telephone. Some degree of stress results from contact with management and other team members.
• The ability to observe details at close range (within a few feet of the observer).
• Must be able to occasionally lift items weighing up to 25 pounds across the office and load them onto shelves for various needs.
• The noise level in the work environment is usually moderate.
• Work involves the typical risks and discomforts associated with an office environment but is usually in an adequately cooled, heated, lighted, and ventilated area.
  
  

Minimum Qualifications

• Bachelor’s degree in accounting or finance from an accredited college or university is required.
• Minimum seven (7) to ten (10) years of experience in accounting, finance or data analytics. One year of relevant work experience may be substituted for one year of required education.
• Minimum three (3) years of supervisory experience required.
• Financial institution experience strongly preferred.
• Bondable
• CPA, CFA, or graduate degree preferred.
  
  

For All Candidates

This is a Full-Time, Salary (exempt) role.

Wellby is an equal opportunity and affirmative action employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, veteran status or any other legally protected characteristic. If you'd like more information about your EEO rights as an applicant under the law, please contact Human Resources.

Wellby provides equal opportunity to qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation, please email careers@wellbyfinancial.com or call 281-226-1696 for assistance.

Disclaimer

The statements herein are intended to describe the general nature and level of work being performed by team members and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of the Company