Vice President of Finance

Marine Credit Union is a dynamic, thriving organization serving the financial needs of our Members and the general public throughout the Midwestern United States. Our enterprise provides financial products and services through Marine Credit Union and Consumer Loan Services LLC, and has a proud history of service excellence spanning over eight decades.

The VP of Finance supports Executive Management in managing the investment portfolio and counseling on the financial implications of Credit Union activity. He or She produces analysis and reports regarding ALM, Customer Profitability, Risk Management, Compliance, and Investments, and advises on courses of action. The VP of Finance must also support branch staff and the executive management team in pursuit of the financial goals established in the strategic plan.

* Responsible for managing and monitoring of the credit union investment portfolio. Direct the sale and purchase of government bonds or other acceptable securities. * Monitor the Credit Union’s investment portfolio as needed to ensure timely investment decisions as investments mature. * Choose and manage investments consistent with prevailing economic decisions, the Credit Union’s asset/liability mix, regulations, and the Credit Union’s goals of safety, liquidity, and yield. * Arrange deposit agreements with corporate credit unions or designated reserve banks, and directs the placement of funds to fulfill agreements. * Review consolidated financial statements to determine reserve position, and adjust reserves in order to obtain appropriate reserves ratio. * Act as chief contact to the Credit Union’s investment broker and/or salespeople, and screen prospective vendors and their products to assure consistency with regulations and Credit Union policy. * Responsible for ALM modeling and participate in budget preparation. * Ensure credibility of Finance group by providing timely and accurate analysis of budgets, financial trends, and forecasts. * Evaluates and advises on the impact of long range planning, introduction of new programs/strategies and regulatory action. * Provide executive management with advice on the financial implications of business activities. * Manage processes for financial forecasting. * Create, edit/audit, and administrate department policies and procedures as required. Help oversee periodic internal audits of department activity. * Ensure legal and regulatory compliance of department activity. * Provide reports, analyses, and recommendations to executive management. * Improve and streamline processes regarding data flow and data quality to improve data accuracy, viability, and value. * Oversee the ongoing development and operations of a business intelligence architecture that enables fact-based decision making, ad hoc analysis, and insight. * Plan and organize workload assignments for staff to ensure most efficient use of resources and to make sure department deadlines are met. * Manage the performance of department staff, including training, coaching, and annual/periodic performance appraisals. Recommends compensation and position changes for assigned staff as appropriate. * Interviews, and coordinates on hiring decisions, as needed. **Expectations:** * Effectively advise executive management on financial issues, and financial implications of Credit Union activity. * Effectively implement ALM and IRR monitoring and planning. * Oversee and monitor the Credit Union investment portfolio and department activity in a manner which prudently manages risk, return, and compliance. * Provide accurate, timely, and thorough reporting as called upon. * Manage staff performance effectively to meet department and organizational goals. * Effectively ensure compliance and effective risk management related to department activity. * Provide exceptional member service to both internal and external customers. * Abide by all applicable Marine Credit Union policies and procedures. * Abide by all applicable rules and regulations.

**Knowledge, Skills and Abilities:** * Proven leadership capabilities. Ability to manage department staff performance. * Knowledge of laws and regulations related to Finance department activity of Banks/Credit Unions. * Knowledge of securities investment processes and activity. * Strong written and verbal communication skills. * Sound computer skills, including complex modeling and forecasting. **Experience:** * 7+ years Financial Industry Finance and/or Accounting experience. * Finance and investment portfolio risk management experience. * Experience creating, administrating, and auditing Finance department policies and procedures. * Prior staff management experience, including management of Performance, training/coaching, and hiring. * Asset/Liability Management experience, including modeling and * budgeting. * Prior investment portfolio management experience. * Experience setting up, administrating, and auditing investment activity. **Education:** Bachelor’s degree in Finance, Accounting, or related field. CFA, CMA or CPA certification. MBA desirable.