APGFCU – Your Community Credit Union! For over 80 years, APGFCU has shared our financial experience and provided valuable products and services to build stability and financial independence, one member at a time. We are looking for those who want to join this movement and become a part of a growing organization. We offer competitive pay and great benefits.
Summary: Under the direction of the chief financial officer (CFO), this position is responsible for leading and managing the financial portfolio of the credit union in a manner consistent with achieving corporate goals. This position advises the CFO with respect to asset liability management risks and strategies, profitability of products and business lines, financial forecasting, financial reporting, financial stability, financial growth, and liquidity of the credit union.
Essential Duties and Responsibilities:
- Strategic Planning: Responsible for developing, implementing, and communicating long and short-term goals of the Finance department to support the overall mission of the credit union. Develops financial plans that align with the credit union’s strategic goals, balancing long-term financial stability while achieving growth. Prepares reports and analyses; collaborates on assumptions and develops viable scenarios and contingency plans. Researches, develops, and proposes strategies and programs to enhance the financial position of the credit union. Monitors and reports benchmark data to measure overall credit union performance and progress to goals.
- Risk Management: Ensures compliance with federal credit union regulations and statutes as they relate to all areas of finance, including asset liability management, credit risk, liquidity risk, and interest rate risk.
- Financial Management and Reporting: Manages the overall working capital to support loan volumes and invests excess funds into appropriate investments. Maintains close liaison with investment brokers and financial institutions. Responsible for buying and selling investment securities and instruments as set forth within the Investment Policy. Supports the budgeting process for the Credit Union as it relates to investments and asset quality. Participates as a member of the pricing team, which is responsible for monitoring competitor products and rates, developing deposit and loan rate strategies, and evaluating the viability of new products, promotions, and changes in terms. Prepares financial proformas for new products, promotions, and changes in terms that consider various scenarios to support effective decision-making. Manages the investment portfolio to maximize earnings consistent with liquidity and prudent risk levels. Responsible for the asset liability management reporting system and financial management policies, advising the CFO as to action steps that balance the mitigation of risk with profitability goals.
- Technology/Equipment/Research: Responsible for continuously moving the department to more efficient technologies. Ensure the finance department has in place disaster recovery plans in the event of system failure, which are periodically validated.
- Budget Management: Create, monitor, allocate and reconcile annual department budget. Forecast any anticipated expenditures as needed.
- Project Management: Lead, facilitate, and coordinate project work within and across business units, ensuring project deadlines are met and implementation and results are achieved as designed. Collaborate cross-departmentally to prioritize solutions and act as project lead where applicable.
- Internal and External Partnerships/Vendor Management: Develop and maintain excellent relationships with internal and external partners and vendors; addressing, resolving, or escalating as needed, participate in interdepartmental credit union meetings to provide support and assistance in resolving day-to-day challenges and be proactive in recommendations for improving efficiencies and partnerships.
- Additional: Responsible for completion of applicable training and compliance on federal regulations and APGFCU policies and procedures as related to the duties of this position (Bank Secrecy Act, Information Security as examples, if applicable).
- Other: Perform other related duties as assigned.
Qualifications:
Education: Bachelor’s Degree in Accounting or Finance or related field. CPA, MBA or CFA preferred.
Experience: Minimum of 12 years of experience in finance management to include experience in a financial institution.
Knowledge, Skills, and Abilities: Strong understanding of the budgeting process, forecasting, and application of asset liability management techniques. Ability to analyze and report branch and product profitability for the credit union. Knowledge of financial institution operations and business technological advances in order to remain competitive. Requires human relations, public relations, management, analysis, and organizational skills. Must be able to work independently toward general results and collaborate as part of a team. Required the ability to efficiently handle multiple priorities in a fast-paced environment, with detail and results orientation.
Communication and Interpersonal Skills: Requires exceptional oral and written communication skills in order to effectively convey thoughts and concepts to a variety of audiences and recipients; Strong human relations skills, recognizing the unique value, perspective, and ideas of each individual in order to create a workplace that values diversity and inclusion.
Reasoning Ability: Ability to define problems, collect data, establish facts, draw valid conclusions, and take action. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
Results: Ability to develop long-term department goals; translate those goals into executable tactical actions; and motivate others to meet or exceed goals.
Strategic Thinking: Ability to execute departmental strategic planning and execute according to plan, making course corrections as needed. As the credit union continues to grow and evolve, the finance department must continually challenge itself to ensure its capabilities meet the credit union’s needs.
Teamwork and Collaboration: Ability to lead independently as well as collaborate across functions in order to foster teamwork across the credit union.
Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to stand, walk, use hands to finger, handle, or feel objects, tools, or controls; and talk or hear. The employee frequently is required to reach with hands and arms. The employee is frequently required to sit, stoop, kneel, or crouch. The employee must frequently lift and/or move up to 25 pounds, and be capable of transporting related supplies and equipment.
Work Environment: Work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is not exposed to weather conditions. The noise level in the work environment is usually moderate.
APGFCU is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability to Protected Veteran status.
