VP - Finance - Chatsworth

Overview

The Vice President, Finance is responsible for overseeing finance and investment operations, which includes the liquidity and interest rate risk management of the organization. The position will manage and direct production of interest rate risk modeling within Finance. This includes creating the balance sheet and net interest income risk profile of Premier America, providing insight into the key drivers of balance sheet risk, and offering solutions for managing Premier America’s balance sheet. The Vice President, Finance will also oversee Premier America’s budgeting, hedging, profitability modeling, Concentration Risk Management, and Allowance for Credit Losses calculation functions, as well as play a key role in supporting pricing and Enterprise Risk Management functions.

The role requires outstanding quantitative and technical skills and the ability to clearly define and articulate the risks and returns of the balance sheet, ensuring communication to Premier America management, board, regulators, auditors, and other external parties regarding balance sheet strategies and risks. This VP establishes and implements finance-related policies and strategies while ensuring effective organization and administration of Finance functions, providing leadership in strategy, policies, and philosophy.

Responsibilities

• Oversee finance and investment operations.
• Manage Premier America's balance sheet positioning, including interest rate risk analysis, liquidity, and interest rate hedging.
• Ensure liquidity risk management and contingency funding by maintaining adequate levels of cash, liquid securities, credit lines, and collateral.
• Oversee investment and borrowing operation activities, including trade settlement, interest payments from borrowing, non-member deposits, swaps, daily swap margin process, pledging of collateral, and related accounting.
• Present liquidity and interest rate risk modeling results and recommendations to the ALCO committee and Board Finance Committee.
• Monitor daily financial data and forecast liquidity needs to ensure the Credit Union’s liquidity requirements are met; develop, maintain, and periodically test backup liquidity sources.
• Lead the annual process for forecasting budget Net Interest Income (NII) and Net Interest Margin (NIM), incorporating economic and market data for accurate projections.
• Supervise Financial Department Team Members to ensure optimal performance.
• Establish and maintain effective communication and coordination with Premier America staff and management.
• Stay informed of trends and changes in the Finance and Investment Operations field.
• Oversee Current Expected Credit Losses (CECL) calculations and presentations, coordinating with key stakeholders.
• Manage Premier America’s profitability modeling and Concentration Risk Management reporting functions.
• Evaluate finance-related Key Risk Indicators to support Enterprise Risk Management.
• Lead preparation of finance-related accounting entries in support of Premier America’s Accounting function.
• Maintain and revise policies to ensure compliance with applicable federal and state rules and regulations.
• Lead production of reporting in support of Premier America’s pricing function and host Product & Pricing meetings, ensuring coordination with key stakeholders.
• Attend seminars and professional conferences as necessary.

Requirements

• Minimum of ten (10) years of progressively responsible experience.
• Bachelor’s degree in business, accounting, finance, or related field required; CPA or MBA with Finance concentration required.
• Thorough knowledge of the financial services industry, including in-depth knowledge of GAAP, regulations, and industry standards relating to accounting and finance.
• Ability to meet deadlines and manage projects.
• Proficient in computer operations, specialized applications, and MS Office Suite.
• Strong analytical skills.
• Proven leadership, management, and motivational skills.
• Strong organizational and time management skills.
• Ability to prioritize effectively in a fast-paced environment.
• Strong oral and written communication skills.
• Ability to maintain an effective and efficient workflow.

Pay

The base pay range for this position is $150,000–$185,000 annually.

Benefits

• Competitive pay
• Subsidized health care, including medical, dental, and vision
• FSA and HSA options
• Company-paid life and accidental death & dismemberment (A&D) insurance
• Discounts on loans (must be a member)
• Paid vacation, holiday, and sick time
• 401k Retirement Savings Plan with a 6% safe harbor employer match
• Educational Assistance Program