Vice President of Finance
Newburgh, NY (http://maps.google.com/maps?q=211+South+Plank+Road+Newburgh+NY+USA+12550)
Description
Come Join our Heritage Financial Credit Union's Leadership Team as the Vice President of Finance
Are you seeking a role in which you serve as a critical leader in guiding the organization's financial strategic direction and operations for sustainable growth and long-term stability?
Is your experience overseeing financial planning, reporting, budgeting, investments, asset/liability management, and regulatory compliance done with precision and purpose?
Are you not just an expert in finance, but a mentor, motivator and strategic partner who knows how to build high-performing teams that thrive on trust and collaboration?
As the Vice President of Finance, you will partner closely with the Executive Vice President and Senior Leadership to drive our credit union's growth goals while safeguarding financial integrity and upholding the highest standards of member-focused services.
Here's a little about us:
Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve their financial goals and building a stronger community. We believe that everyone deserves access to affordable financial services, and we are dedicated to providing our members with the tools and resources they need to achieve their financial dreams. Our vision is to be the leading financial institution in the communities we serve, and we are committed to creating a culture of excellence where our employees can thrive. We believe in creating a workplace where everyone feels valued and respected, and where we can all work together to achieve our goals. We recognize that our employees are our most important asset, and we are committed to providing them with the training, development, and opportunities they need to succeed. Our values are at the heart of everything we do. We believe in:
Integrity:We are honest and trustworthy in all of our dealings with our members, employees, and the community.
Excellence:We strive to provide our members with the best possible service.
Teamwork:We believe that we can achieve more together than we can alone.
Respect:We treat each other with dignity and respect.
Community:We are committed to giving back to the communities we serve.
If you are looking for a challenging and rewarding career in the financial services industry with a company that is committed to its Mission, Vision and Values, we encourage you to apply and see below for more about the position. We offer a competitive salary and comprehensive employee benefits package, company 401K match and generous Paid Time Off.
Salary Range:$164,000 - $190,000 annually, depending on experience.
Essential Functions and Responsibilities
Develop and execute financial strategies aligned with the credit union's mission, vision, values, growth objectives, and regulatory framework.
Lead the preparation and analysis of budgets, forecasts, and financial reports; communicate key insights and trends to the Board of Directors and Executive Team.
Oversee all accounting functions, including but not limited to general ledger, accounts payable/receivable, fixed assets, and monthly close processes.
Manage the credit union's Asset/Liability Management (ALM) function, including interest rate risk analysis and liquidity planning.
Ensure compliance with all applicable NCUA, state, and federal regulations and coordinate with internal and external auditors.
Provide leadership in evaluating strategic initiatives such as branch expansion, technology investments, and member service enhancements.
Maintain strong banking and vendor relationships to optimize financing and operational support.
Recruit, develop, and retain a high-performing finance and accounting team.
Support the Board of Directors with timely, transparent, and accurate financial reporting.
Timely and effective communication with employees to assure positive and clear understanding of credit union goals and direction.
Collaborate with credit union leadership to ensure appropriate allocation of resources and effective execution of business and financial decisions.
Ensures uniform systems for accounting and budgetary purposes. Coordinates accounting activities of the credit union with other departments/branches as necessary.
Prepare, implement, supervise and effectively communicate annual budget and monthly variance reporting with appropriate stakeholders.
Provide financial discipline and business decision support to evaluate strategic business opportunities.
Proactively identifies continuous improvement and cost optimization opportunities across the credit union and works with others to implement said improvements.
Prepares and monitors quarterly ALM analysis. Participates as a member of Asset-Liability Management committee and assist in establishing and implementing credit union goals and objectives.
Oversees the management, analysis and execution of the credit unions' investments and loan sale/participation transactions in compliance with regulatory, ALM, Concentration Risk, Liquidity and Investment policies and goals/limits.
Recommends and/or implements and oversees efforts to improve ROA performance.
Identify necessary policies and procedures and develop, enhance implement and enforce policies and procedures by way of systems that will improve overall operation, effectiveness and support best in business internal and external service levels to make the credit union the best in business by any measure.
Maintains current knowledge of regulations and trends to ensure effectiveness and compliance for area of responsibility.
Reviews and provides approval of invoices within area of responsibility.
Represent credit union at various community activities.
Cross sell credit union products and services, as appropriate.
Meet performance standards, goals and performs additional duties as assigned.
Requirements
Education/Certification:4-year college degree plus 5+ years' experience in the management of a financial institution and 5+ years strategic management; or a comparable combination of education and experience. Master's degree preferred.
Knowledge:Accounting and Finance and general economic conditions and competitors' rates and terms etc. This position requires that the employee gain a working knowledge of Bank Secrecy Act (BSA) requirements and how they will affect their work. The employee will comply with all requirements of the BSA and cooperate with the designated BSA Officer in assuring compliance.
Experience:Experience using software including Microsoft Office 365 and lending systems, SQL, core banking platforms, and ALM/Budget software.
Skills/Abilities:Ability to project a professional appearance and positive attitude at all times. Excellent project management, communication and analytical skills.
Equal Opportunity Statement
Employment at our Credit Union is based upon merit, ability, and qualifications. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status.
