AVP - Finance & Asset Liability Management

Role Summary

Evaluate Summit's ability to generate earnings in various economic environments, prospects for growth, and exposure to risks. Participate in choosing strategies to manage income, expense, and risk exposures. Participate in budget and planning processes for overall credit union and functional groups such as departments. Primary point of contact for managing the organization's mortgage pipeline hedging program. This includes monitoring pipeline activity and effectively implementing offsetting hedge positions as well as contract assignment for ultimate loan delivery. This is a key role in our finance leadership team and will participate in strategic and tactical work that impacts the organization as well as the department.

Expected Outcomes

• Inspirational leadership cultivates dynamic teamwork, driving results and professional growth.
• Internal stakeholders receive support and guidance in an array of activities including pricing, marketing, branch deployment and lending/underwriting.
• Recommendations are made based on financial analysis.
• ALM system and other resources are used, as appropriate, to support Summit's decision making and reporting processes.
• Summit's ALM processes meet regulatory/supervisory expectations.
• Summit's annual budget process is expertly managed.
• Other departments receive appropriate support with their budgeting processes.
• Regulatory standards and accounting standards are adhered to, safeguarding the institution's reputation and operational integrity.

Capability Requirements

• Bachelor's degree in finance, economics, accounting, or related field.
• Five years or more experience with financial management concepts and software, preferably in a retail financial institution environment (e.g., credit union or bank); or combination of applicable work experience and education.
• Additional training, advanced degree, and/or certifications highly desirable (e.g., Chartered Financial Analyst, MBA in Finance, or Certified Public Accountant).
• Familiarity with financial & mathematical concepts appropriate to fixed income management (e.g., effective duration).
• Ability to work accurately with figures and perform detailed work.
• Excellent verbal, written and interpersonal communication skills to work with employees at all levels within the organization.
• Well-developed interpersonal skills, essential for interacting with credit union staff and members.
• Ability to patiently convey information that can be easily understood by non-finance staff when appropriate.
• Ability to follow-up on problems presented to members and co-workers using a customer service approach including use of investigative problem solving.
• Ability to work in a team environment, including both within Finance/Accounting and across multiple departments.
• Ability to influence and lead teams, potentially including managing direct and indirect reports.
• Advanced knowledge of Excel.
• Working knowledge of Microsoft Word, Outlook, and PowerPoint.

The above information on this description has been designed to indicate the general nature and level of work performed by employees in this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all outcomes, responsibilities and qualifications required of employees assigned to this job.

Required Statement Sections

• Physical Demands of Position: While performing the duties of this position, the employee is required to sit, stand and walk, use hands and fingers. The employee occasionally must reach above and below shoulder level, and lift/push/pull and /or carry up to 10 pounds.
• Environmental/Working Conditions: Works in a typical administrative setting with climate control and appropriate lighting. Travel to branches requires exposure to outdoor and traffic conditions.
• Equipment Used: Variety of office equipment (telephone, printer, pc, mobile devices, etc).
• EEO Statement: At Summit Credit Union, we are committed to providing Equal Employment Opportunity regardless of race, color, religion, sex, age, national origin, disability, military and veteran status, sexual orientation, gender identity, marital status or any other characteristic protected by local, state, or federal law. We embrace diversity and believe that inclusion is critical to our success as a credit union. Different makes us better. Employment decisions are made based on qualifications, merit, and business need.