Fall River Municipal Credit Union Hiring for VP of Finance Job at Fall River, MA Full Time

This is an in office position. The ideal candidate will have prior banking or credit union experience.

The Fall River Municipal Credit Union seeks a highly motivated full-time Vice President of Finance to join its management team. In this position, the candidate’s responsibilities will include managing the accounting, investment and fiscal reporting of the Credit Union. Prepare and manage annual budget, reports and works with the Asset Liability Committee; monitor the daily funds position, maintain adequate liquidity and advise the investment committee of investment positions and execute investment decisions; institute all necessary audits and work with auditors, examiners and Audit Committee; act as liaison for the Audit Committee and internal auditors. Responsible for preparing and presenting all reports as requested to the Audit Committee and Board of Directors and maintaining all finance policies; the candidate must have strong leadership and supervisory skills.

Duties and Responsibilities

· Responsible for the Credit Union’s accounting and fiscal reporting.

· Counsel’s management on fiscal control and profitability.

· Prepares, presents and interprets major reports for senior management and participates in all appropriate management planning sessions.

· Manages the accounting operations of the Credit Union. Maintain Credit Union depreciation and amortization schedules, accruals and prepaid expenses and payables. Initiates all adjusting entries.

· Prepare annual operating budget and present to board and management for approval. Responsible for making periodic financial progress reports.

· Monitor the daily funds position, maintain adequate liquidity, advise the investment committee of investment positions, and execute investment decisions.

· Prepare and submit to appropriate government officials all information required by law or regulation.

· Institutes all necessary audits as deemed appropriate. Work with auditors, examiners and audit committee, reviewing the financial accounts of the credit union.

· Supervise the preparation for all correspondent bank deposits, and reconciliation of corporate accounts.

· Prepare financial forecasts and other financial simulations, including Asset Liability Management, for decision-making purposes.

· Responsible for all outgoing wire transfers.

· Responsible for reporting branch profitability.

· Reporting and reconciling to FNMA.

· Maintaining the appropriate records for the Fed Home Loan.

· Monitoring loans in pipeline to sell to FNMA.

· Have an advisory role with the ALCO and Investment Committees.

· Participate in all management planning sessions as needed, direct and establish department planning parameters and ensure completion of such.

· Liaison for the Audit Committee and the internal auditors. Responsible to coordinate audit with management and staff. Review the audit findings report back to the audit committee with response from the appropriate department.

· Responsible for monitoring all corporate credit union authorization levels.

· Responsible for monitoring and reporting on all credit union borrowings to board and management.

· Responsible for preparing and presenting all reports requested by the Audit committee on a monthly basis.

· Responsible for reviewing all Board of Director expenses as presented for payment.

· Monitoring and funding of the allowance for loan loss.

· Reviewing and revising policies regarding: Investments, ALCO, Liquidity, Accounts Payable, Loan Loss, Compliance, Corporate Credit Card, and IPS-Sendero products.

· Provides subordinates with training and communication of information, on an ongoing basis on new and revised procedures and policies.

· Oversees and performs annual performance evaluations of the department staff.

· Responsible for responses in writing to audits performed, along with following for necessary documents required.

· Performs other duties as assigned.

Qualification Requirements

• Bachelor’s Degree in Finance and minimum 5 years in a Financial Institution required.
• Ensures that the quality and quantity of work performed within area of responsibility is maintained at acceptable levels.
• Maintains personal job knowledge and management skill at the level needed to meet requirements of position.
• Ensures proper documentation and reporting in accordance with regulatory compliance.
• Ensures Credit Union confidentiality.
• Maintains a safe and workable environment for subordinates while promoting a team effort among staff.

Physical Demands:

1. Hand dexterity required to operate computer terminal and/or related equipment.

2. Eye coordination required to operate computer/teller terminal.

3. Sitting at desk or computer workstation for periods of time.

4. Travels to Credit Union facilities/locations as required.

5. Lifts books, ledgers, records, etc.

6. Drives to and attends meetings frequently.

Bachelors’ Degree and/or minimum of 5 years experience required.

The Fall River Municipal Credit Union offers a competitive compensation and benefits package including: health, dental, short and long term disability, life insurance, paid time off, pension and 401K.

FRMCU provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or any other characteristics protected by law.

Job Type: Full-time

Benefits:

• 401(k)
• Dental insurance
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Parental leave
• Tuition reimbursement

Physical setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday

Ability to commute/relocate:

• Fall River, MA 02721: Reliably commute or planning to relocate before starting work (Required)

Experience:

• Accounting: 5 years (Required)
• Banking: 5 years (Required)
• Finance Leadership: 5 years (Required)

Work Location: One location