VP, Financial and Capital Management

Patelco Credit Union • Dublin, CA, United States • $200k - $250k / year • 3w ago

About Patelco Credit Union:

Patelco Credit Union is a not-for-profit credit union with a purpose to build financial health and wellbeing for our members. Since 1936, Patelco has grown from $500 in assets to over $9 billion in assets and is the 7th largest credit union in California with branches throughout Northern California.

We are here for our members throughout all their stages of life. Meeting them with the products and services to help them plan purposefully for their futures and to secure our life-long partnership as their trusted financial advocate. As one team, we are all committed to delivering service, empowering financial literacy, creating products, and providing new technology for our members.

We believe that work should be rewarding, challenging, and enjoyable. We’re dedicated to creating a positive and supportive culture where our team members can thrive. If you’re looking to use your skills and knowledge to make a difference in our members’ lives, Patelco could be the perfect fit for you.

Overview:

The Vice President, Financial & Capital Management is responsible for budgeting and forecasting, management reporting, ad-hoc financial analysis, product and business line profitability, and capital management and stress testing. Reporting to the Chief Financial Officer, this executive will serve as a trusted advisor to the CEO, the Board of Directors, and the Executive Leadership Team. They will maintain effective relationships and credibility across the leadership team and with key regulators. The VP, Financial & Capital Management, will help lead the Credit Union through the evolving and complex regulatory landscape as it grows to over $10 billion in total assets.

As a key member of the leadership team, the VP, Financial & Capital Management has oversight for end-to-end strategy and execution of a top-tier FP&A organization.

Responsibilities:

Financial Management

Lead the cross-functional development of the annual budget including presentation to the executive leadership team.
Lead the periodic forecasting process.
Manage the reporting of business unit performance against targets.
Build and manage the profitability analysis for different financial categories including product, business line, and channel.
Monitor balance sheet trends and present recommendations optimizing earnings and capital aligned with organization goals.
Provide analytical support for the development of projects, products and services, strategic initiatives, and other ad hoc situations to enhance organizational decision making.
Perform scenario analysis using different rate scenarios, volume and credit assumptions and business strategies. Interpret and monitor complex financial model outputs and assumptions.
Create a disciplined expense culture through active tracking, reporting against budget, creative solutions and constructive challenge.
Closely monitor peer performance and create value-added insights which influence decision making.

Capital Management

Lead and manage the completion, execution and delivery of the Capital Planning process including presenting the Capital Plan with supporting analyses to the Asset Liability Management Committee (ALCO) and the Board of Directors.
Coordinate with the NCUA regarding any regulatory feedback and requests associated with Capital Planning and Stress Testing and data submissions.
Coordinate with third-party consultants, Credit Risk Management group and the Data Management team on completing the annual capital plan and quarterly data submission.
Assist with the determination of appropriate capital levels, evaluate decisions about capital actions, and maintain capital contingency plans.

Leadership Capability Requirements

Cognitive Agility - Ability to adapt, and shift thought processes as needed to approach challenges and problems in unique, creative ways resulting in positive organizational outcomes.

Critical Thinking - Disciplined logical reasoning by actively and skillfully conceptualizing, seeking, applying, analyzing, synthesizing, and evaluating data and evidence to reach an answer or conclusion.
Strategic Thinking - An intentional and rational thought process that generates unique business insights and opportunities to influence long-term success and create competitive advantage for the credit union.
Judgment & Decision-Making - Analysis of available, relevant information to draw a conclusion and set a course of action that results in the best possible outcome(s). Good decisions are dependent upon having good judgment.
Communication - The flow of information to establish a clear vision, foster a shared sense of purpose, nurture a positive environment, and provide a direction to unify collective efforts across varied groups and interests.

Business Agility - Understands and integrates the multiple factors that influence Patelco’s business to optimize financial performance and our mission resulting in enhanced value and benefits for the membership.

Market & Environment Savvy - An understanding of market and environmental factors and points of view that impact how the organization acquires and optimizes resources (talent, capital, infrastructure) and makes decisions about products, services, and risk.
Business Acumen - Clear understanding of the organization’s capabilities (core strengths and competitive differentiators) to generate value for its members, membership, and communities.
Digital & Technological Savvy - An understanding and points of view on how rapid digitization and technology advancements enable innovation and transform business models to create enhanced value for our members, membership, and communities.
Member-centered Design - Approach to solving problems and conceptualizing solutions by involving the member’s/team member’s perspective in all steps of the solutioning process, thus enhancing the member/team member experience.

Execution Agility - Achieves organizational (enterprise, division, function) goals, considers different ways to achieve those goals, aligns resources and mobilizes teams and individuals to achieve them.

Planning - Define and align business-critical priorities aligned with Patelco’s 3-year and 1-year plans, assess and plan the roadmaps to execute, and institutionalize knowledge and processes to sustain value creation.
Driving Innovation and Change - Rapid implementation of ideas that result in value-added products, services, processes, technologies, or business models AND the companion approaches to prepare, support, and enable team members and members adopt and adapt to the change(s).
High Performing Team - A group of people who are committed to a common purpose, shared performance goals, and an approach for which they hold themselves mutually accountable.
Mobilization Effectiveness - Bring to life a compelling vision that mobilizes the organization to work in new ways (e.g., cross-functional teams, matrix structures, hybrid work models) to achieve greater value for members and Patelco.

Qualifications:

Bachelor's degree, with a concentration in finance, economics, or accounting. (MBA or related master’s degree desirable, but not required.)
CFA, or CPA desirable, but not required.
10 + years of financial services experience with demonstrated knowledge of associated responsibilities.
Minimum of 10 years leading and motivating teams, including cross-functional partnering.
Experience with NCUA/Federal Reserve Bank capital planning and stress testing.

Target Base Pay:

$240,000 - $250,000

Compensation at Patelco:

Please note that the salary information is a general guideline only. Patelco Credit Union considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as market and business considerations when extending an offer. We offer a competitive total rewards package including a wide range of medical, dental, vision, financial, and other benefits.