Description
As a key member of the Credit Union's leadership team, The Vice President of Finance and Capital Markets leads financial planning, analysis, and reporting to drive accurate decision-making and forecasting. This role oversees investment, liquidity, and treasury strategies while ensuring compliance with regulatory requirements and sound business practices. Responsibilities include managing asset/liability oversight, interest rate risk analysis, and pricing strategies for loan and deposit products. The VP directs activities related to bank accounts, investments, and balance sheet management to optimize safety, liquidity, and yield. Additionally, the position builds and develops a high-performing finance team to support organizational success.
Work Location - This position is a hybrid working arrangement. Expectation is to be onsite a minimum of once per month at our Headquarters in East Lansing, MI.
Schedule - Monday - Friday 8:30am - 5:00pm ET with time spent after-hours/weekends at leadership functions or events. On average 40-50 hours per week.
An offer of employment with MSU Federal Credit Union and affiliates is contingent upon the agreed work arrangement (onsite/hybrid/remote) and work location. MSU Federal Credit Union may or may not be able to accommodate temporary or permanent changes to work arrangements or allow employment outside the city and/or state of residency in which the new hire resides at the time of offered employment.
Benefits:
100% Company-Paid Health, Dental, Vision, Life, and Long-Term Disability Premiums
Up to 26 days of PTO within your first year, as well as Volunteer Time Off & 11 Paid Holidays
401(k) with a company match
Tuition Reimbursement
Up to 12 Weeks of Paid Parental Leave
Learn more about our benefits here
Essential Duties and Responsibilities:
Develop, implement and communicate strategic direction and goals for the Finance Department, which support the overall strategic direction and goals of the Credit Union
Develop policies, procedures, products and services to improve service to the membership and employees, protect the Credit Union, increase productivity and increase operational efficiencies
Oversee financial planning, budgeting, forecasting, and capital planning for executive and board review.
Manage the Credit Union's investment portfolio and recommend strategies based on market conditions.
Direct asset/liability management, interest rate risk analysis, and participate in ALCO Committee activities.
Plan, organize, and oversee Current Expected Credit Losses (CECL) methodology as well as quarterly review of adequacy of reserves
Monitor financial performance metrics, prepare financial studies and analysis, and present trends and forecasts to leadership and the Board of Directors.
Participate in evaluating strategic growth opportunities
Lead and develop Finance leaders and staff through hiring, training, coaching, and performance management.
Coordinate audits and examinations, address findings, and maintain strong relationships with auditors and regulators.
Serve on cross-functional committees and collaborate across departments to enhance financial performance and organizational success.
Foster a culture of risk awareness and accountability within the Credit Union by understanding the Credit Union's enterprise risk management (ERM) program, ensuring alignment with objectives, risk appetite and the risk landscape. Understand and oversee the Credit Union's policies and procedures to ensure compliance and accountability for managing operational risks. Adhere to established internal controls and procedures to safeguard assets, prevent fraud, and maintain the integrity of credit union operations.
Perform other duties as assigned
Job Requirements:
Bachelor's degree in accounting, finance, or business with a preference for a master's degree in business administration
Certified Public Accountant (CPA), Certified Management Accountant (CMA), or Chartered Financial Analyst (CFA) designation
High level work experience at a financial institution
Experience influencing strategic direction at a financial institution
Experience developing capital planning tools and scenario models
Leadership experience, with a preference for oversight of managers/supervisors
Competencies:
Core Competencies that must be demonstrated by all Credit Union employees include Communicate, Navigate Change & Evolve, Solve Problems & Make Decisions, Plan, Prioritize, and Achieve, and Collaborate. Review the corresponding behaviors here.
Leadership Competencies must be demonstrated, be committed to, and be developed by all leaders, including Lead Self, Lead Others and Lead Outcomes. Review the corresponding behaviors here.
Functional Competencies:
Functional Competency
Behavioral Description
Organizational Awareness
Understands and aligns actions with the organization's goals, core functions, needs, and values.
Project Management
Demonstrates knowledge of project frameworks and their corresponding life cycles, project management concepts, tools, and best practices; project reporting standards; and project plan development.
Change Management
Adjusts thinking and behavior to resiliently face change and uses experience to fuel growth. Enables the process of change and transition while helping others deal with its effects. Displays self-awareness of their personal reaction to change and regulates their response. Acts as a change champion, communicating the why behind the change and aligning with organizational direction.
Product Knowledge
Demonstrates knowledge of products, services, and relevant details offered or supported within the position.
Knowledge Sharing
Uses formal, informal, and systematic methods to impart information onto others.
Detail Orientation
Ensures information is complete and accurate.... For full info follow application link.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
