Sooper Credit Union
5005 W. 60th Ave
Arvada, CO 80003
The Vice President of Finance is responsible for managing, directing, and organizing the functions, objectives, and results of the Accounting/Finance Department. This position provide a set of monthly financial statements, timely and accurately. Develops and maintains reliable accounting information as a basis for management's planning and decision making for fulfillment of financial reporting requirements. Provides full-performance support in the delivery of all accounting efforts. Provides support to the Chief Financial Officer (CFO) and executive team to achieve financial and strategic objectives and increase operating performance. Oversees management and monitoring of ALM, IRR, liquidity, and investments and provide financial and ALM reporting to management, ALCO, and the Board of Directors. Through the guidance of the CFO completes the annual budget as well as subsequent periodic budget variance reporting.
Why Sooper Credit Union
• As not-for-profits and member-owned financial cooperatives, credit unions are incredibly unique institutions. Earnings are returned to members in the form of better rates, lower fees and great services. Be a part of a movement that pays it forward!
• Sooper Credit Union was founded in 1951. We’re a stable, successful and growing financial institution, which is why we need you.
• A suite of outstanding benefits is available to employees who work 20 or more hours a week. In addition to healthcare, dental and life insurance, 401(k), personal time off, we offer employee discounts on loans and other perks as well.
• Learn a ton with our on-the-job training programs and set yourself up for career and personal financial success.
What will you be doing?
Prepare and present financial statement reporting packet both timely and accurately. Ensures all accounting functions are performed in accordance with established Credit Union policies and procedures and Generally Accepted Accounting Principles (GAAP).
Implement and execute financial and ALM strategies for income, expense, balance sheet makeup, and capital for long-term sustainability and growth to support management decisions and the strategic business plan. Implement and execute financial and ALM strategies for income, expense, balance sheet makeup, and capital for long-term sustainability and growth to support management decisions and the strategic business plan.
Prepare the annual budget for the organization with direction from the CFO. Work with Line of Business leaders to develop zero-based budget incorporating loan production, sophisticated Net-Interest Income projections, Non-Interest Income strategies, comprehensive Operating Expenses that incorporate the strategic plans of the credit union, and all other miscellaneous income and expenses as applicable. Prepare periodic budget variance reporting for Board reporting, as well as for organizational leaders.
Conduct financial analysis of credit union operations to maximize profits. Prepare recommendations with regard to changes in or adjustments to services for analysis and action. Ensure analysis is performed and presented accurately and logically in order to assist with organizational making decisions, as well as setting, implementing and evaluation strategies.
Direct daily payment services, data processing, accounting, finance, general ledger maintenance, financial statement reporting, investment, and ALM program monitoring. May delegate a portion of responsibilities but may not delegate overall responsibility for results nor any portion of accountability. Implements and executes all management-approved decisions.
Implement the annual strategic financial plan and oversee the Accounting Department budget to accomplish objectives.
Work with NCUA examiners and independent auditors and ensure all necessary information is presented in order for them to perform reviews. Ensure functions, documentation and analysis is accurate and complete in order to limit exam an audit findings. Remain current and educated on financial institution regulatory requirements in order to properly prepare for audits and exams. Ensure that the quarterly NCUA 5300 Call Report prepared by assigned personnel accurately reflect the position of the credit union.
Five to eight years of similar or related experience.
A two-year college degree, completion of a specialized certification or licensing, or completion of specialized training courses conducted by vendors.
Thorough understanding of accounting principles and practices, financial statement reporting, financial services industry, generally accepted accounting principles (GAAP) and the analysis and of financial data. Working knowledge of economic principles and practices, financial markets, credit union investing, asset/liability management (ALM) concepts, theories and ALM risk measurements. Strong attention to detail and accuracy. Ability to input data into summarized analysis. Strong communication skills in listening, writing and speaking.
This is a full-time, exempt position with an annual salary starting at $112,320.00 depending on experience, education and qualifications.
If you think you are the superhero to bring unforgettable experiences to our members and help grow a thriving organization, please apply. We appreciate your interest in employment and look forward to meeting you!
Please apply on our website: https://soopercu.org/current-openings/