Vice President of Finance

Located in Edwardsville, IL

Salary: $120,000/yr – 150,000/yr, BOE

Job Summary:  We are looking for a Vice President of Finance to join a growing team.  The Vice President of Finance is responsible for planning, controlling, and directing the finance activities. Provides counsel and advice to the CFO regarding liquidity management, investment portfolio, Asset/Liability Management, and profitability reporting. Duties include:

·         Works with the CFO to oversee and direct treasury and finance activities for the organization. 

·         Oversees and directs the Asset Liability Management (ALM) for SCU. Developing policies, parameters, strategies, reporting, and analysis for the Asset Liability Committee (ALCO), and Board of Directors when necessary. 

·         Performs quarterly ALM reporting and back-testing.  Coordinates semi-annual ALM model validation with third-party firm.   Presents reporting and validation results to the ALCO.

·         Responsible for the monthly calculation of the Allowance for Credit Losses.   Maintains and runs the Current Expected Credit Loss (CECL) model.  Produces monthly reports and maintains supporting documentation.

·         Works with external auditors, federal and state examiners to ensure it follows prescribed accounting methods set forth in regulation, law, Financial Accounting Standards Board (FASB) rules, and generally accepted accounting principles.

·         Works closely with the Data Analytics group and Financial Analyst to develop Accounting and Finance reports in the Arkalytics platform.

·         Oversees periodic financial and liquidity forecasting. 

·         Responsible for cost accounting practices and cost-center/service delivery unit costing analysis.

·         Analyzes, consolidates, and directs all finance procedures together with other statistical data, financial analysis, pricing, profitability, and routine reports.

Location: Edwardsville, IL
Position type: Full time, Direct Hire
Pay: $120,000/yr – 150,000/yr, BOE
Benefits provided by Client: Health/dental/vision, 401k with company match, 11 paid holidays, PTO, shot-term disability which includes maternity leave, educational reimbursement program, employee assistant programs, and opportunities for advancement.

Qualifications:

·         Bachelor’s degree in finance or accounting.

·         Experience managing a credit union or finance operation. 

·         5 years of experience at a management level in a credit union, bank, or financial institution.

·         Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) designation preferred.

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