Job Description

Job Description

Job Description

Our Core Values

The credit union is a values-driven organization. Our Core Values are at the center of everything we do and are the driving force behind our mission: We help people and communities prosper.

1. Everyone Counts - We promote a diverse and fair workplace to better serve our Members, Team Members and Communities, fostering an environment of transparency, trust, and respect.

2. Innovate Boldly – We dream big, challenge the status quo, move with agility, and embrace data-driven decisions. We listen and continuously make the impossible possible.

3. Embrace the Fun! – We take joy in our work by welcoming kindness, integrity, and authenticity.

4. Own It – Valley Strong is ours to grow. We hold ourselves accountable to doing our best work every day and are empowered to do what’s right.

Position Summary

Department

Finance

This individual is responsible for preparing budgets, forecasts, financial plans, and statistical reports that tell the story of the Credit Union’s financial position. Provide expert level understanding of financial initiatives and the ability to work with the Vice President of Finance to achieve the Credit Union’s strategic vision. Ensure reports, accounts, systems, policies and practices adhere to California DBO and NCUA rules and regulations.

Essential Duties

• Actively completes all necessary tasks related to the financial functions of the credit union which will include: annual budgets, multi-year strategic plans, asset-liability management, investments, financial analysis, and financial reporting.

• Monitors, forecasts and reports on the liquidity position and needs of the Credit Union. Responsible for ensuring all cash and liquidity needs are satisfied and all regulatory guidelines are followed.

• Prepares annual budget, including; identifying key initiatives, expense sensitivities, fixed asset and salary planning needs and growth strategies as identified by senior management and the Board of Directors.

• Prepares and verifies the accuracy of monthly and quarterly financial statement packages.

• Responsible for the supervision of the Credit Union’s ALM model including making assumption recommendations and reviewing required regulatory reporting.

• Reviews and interprets reports generated from ALM model.

• Works cooperatively with the Lending Department and ALCO to determine profitable deposit and loans rates, while effectively employing the risk-adjusted return on capital model.

• Oversees Finance dashboard maintenance for use by senior management, including creating new dashboards with requested information from management.

• Interacts with senior internal and external personnel on significant matters.

• Analyzes existing and proposed procedures, systems and requirements to determine present and future financial performance.

• All team members must comply with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. This includes the SAFE Act. Failure to do so may result in disciplinary and other employment related actions.

• Performs other duties as assigned.

Supervisory Responsibilities

Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education

Min/Preferred

Education Level

Description

Minimum

4 Year / Bachelor's Degree

Bachelor’s degree in accounting, economics, finance, statistics or related field

Experience

Minimum Years of Experience

Comments

3

Minimum of three (3) years’ experience in Finance and/or Treasury

Language Skills

Ability to read and comprehend instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to Members and other Team Members at the organization.

Mathematical Skills

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute dividends and interest.

Reasoning Ability

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written or oral form.

Physical Demands

The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The Team Member occasionally must lift and/or move up to 10 pounds. Ability to stand for long periods of time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Other Skills and Abilities

Must be able to process transactions in an efficient manner. Must be able to communicate policies and procedures to Members in an easily understood and professional manner.

Must comply with all Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) laws and regulations, as they pertain to federal guidelines and internal policies and procedures.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills, or working conditions.

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