Director of Finance

Company Overview

Power Credit Union is dedicated to celebrating meaningful interactions, not just transactions. We are committed to being more than a financial institution - we are a trusted partner in every member's journey, offering support and solutions.

Overview

We are seeking a responsible individual for accounting department with oversight including related reporting, policies, and procedures. Responsible for assisting with and/or preparation of the credit union budget. Responsible for representing the credit union at sponsored activities, events and community involvement. Ensures complete, accurate, and timely completion of financial and accounting records. Provide leadership, direction, guidance, motivation and coaching to staff to meet or exceed the Credit Union’s service standards. This position provides supervision for the Accounting Specialist position

Responsibilities

• Coach, counsel and monitor employee performance through consistent professional development and training
• Effectively conduct employee performance evaluations
• Schedule staff, assign duties and establish priorities in accordance with policies and procedures
• Interview and select qualified employees
• Resolve member and employee problems or concerns in a timely, consistent and professional manner
• Ensure communication and implementation of applicable policy and procedure revisions to the departments overseen
• Ensure the accounting records of the credit union are maintained accurately in compliance with GAAP and NCUA requirements
• Oversee timely and accurate month-end closing and financial reporting for management and Board of Directors
• Accurately complete the credit union’s quarterly NCUA call report filing
• Conduct financial and profitability analysis as necessary
• Work with management to develop assumptions for business projections and ALM analysis
• Participate in development of finance related policies as well as other policies as assigned
• Establish and maintain accounting, investment, information technology, communication and other assigned vendor relationships
• Assist with and/or prepare overall credit union budgets and variance report
• Identify and track the cost and earning contributions of products, services, and channels, such as ATM’s and branches
• Invest credit union funds per the credit union’s investment policy with the oversight of the CEO
• Ensure accurate accounting of the investment portfolio and maintenance of investment files with current financial information and required transaction documentation
• Ensure sufficiency of the CECL account, compliance with policy and methodologies used
• Participate in product and relationship pricing decisions
• Responsible for daily cash management, liquidity projections and related ALCO reports
• Ensure accurate and timely preparation of audit materials for examiners, auditors and CPA’s
• Conduct special analyses and cost studies. Prepare reports detailing results of research conducted
• Assist in the development of plans, procedures, and reporting systems for proper financial control of the Credit Union
• Attend management meetings, and conferences as necessary
• Work with all levels of staff and management to develop, plan, and implement credit union and departmental objectives
• Participate in the development of the credit union strategic plan

Qualifications, Skills, Education

• Three years to five years of similar or related experience.
• (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
• Asset, liability, management experience
• Thorough knowledge of banking practices, policies, procedures, operations, products, services and regulations.
• Ability to build rapport, credibility, and trust.
• Must be able to travel for work related events and conferences.
• Proficient with Microsoft Word and Excel

Pay: $58,704.00 - $88,056.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Life insurance
• Paid time off
• Professional development assistance
• Vision insurance

Work Location: In person