GreenState Credit Union · 10 hours ago
Finance Manager
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Responsibilities
Adheres to the Credit Union's core values and Service Standards in conducting GreenState's mission and vision.
Demonstrates a positive member service (internal and external) focus at all times.
Demonstrates teamwork in all interactions with coworkers and in the completion of all duties and responsibilities.
Ensures confidentiality of member information.
Supports a diverse and inclusive work environment.
Assists in the management of the Credit Union’s CECL and credit modeling initiatives including determining methodology, datamining credit assumptions, back testing, documentation, and validation of the model.
Assists in the management of the Credit Union’s forecast model in relation to earning assets and paying liabilities, helps drive strategic decisions through ad-hoc modeling and identify opportunities and risk mitigation through what-if scenarios.
Working closely with the Treasury VP, assists in the implementation and maintenance of complex modeling software.
Collaborates with Treasury VP and credit team to develop credit risk measures, scenario analysis and stress testing and mitigating actions, to ensure all material credit risks are identified, quantified, managed and reported to the appropriate committees.
Assists with the development, maintenance, and monitoring of the Credit Union’s capital plan and stress testing in relation to long-term financial forecasts and stressed credit losses.
Working with Treasury VP, routinely reviews credit related input assumptions within internal pricing models to determine appropriate risk adjusted spread.
Assists in the implementation of product profitability models in relation to applied credit loss results and overall product profitability.
Collaborates with members of Finance team and Executive Leadership Team to develop annual budget for loan and deposit growth, interest rate forecasts and borrowing needs.
Prepares monthly credit and forecast reports for ALCO and other committees.
Ensures compliance with all regulations and internal policies. Maintains procedures relevant to area.
Responsible for identifying and quantifying existing or emerging risks and ensuring those risks are brought to the attention of applicable management.
Assists with the compilation and analysis of financial information to support Executive Leadership Team in making operational and strategic decisions.
Works closely with the ALM team on interrelated projects involving forecasting, credit modeling, capital planning and stress testing, and overall risk monitoring.
Participates in ad hoc projects that include building dashboards, plans and metrics.
Performs any other temporary or permanent duties as assigned by the Treasury Vice President or Chief Financial Officer.
Qualification
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Required
Bachelor’s degree in finance, economics, actuarial science, accounting or closely related field required
Eight or more years of related experience (preferable experience with financial institutions >$10B in assets)
Thorough knowledge of CECL, credit modeling, forecast modeling, capital planning, stress testing, and complex cash flow models
Experience measuring, monitoring, and managing credit risk, with functional knowledge of other balance sheet risks including interest rate risk and liquidity risk
Ability to independently analyze complex risks
Ability to communicate information and ideas clearly and succinctly to individuals and groups. Both at high and detailed level, tailored appropriately to audience
Must be able to manage multiple assignments with changing deadlines in a high-pressure environment
Ability to coordinate and prioritize assignments and organize work efficiently for timely completion
Well-developed analytical and problem-solving skills
Ability to solve problems independently and maintain composure in high stress situations
Excellent figure aptitude, with accurate and attention to detail required
Self-directed nature, fostering an ability to work independent of supervision, but able and willing to take direction when provided
Highly proficient in Microsoft Office, including excel and word
General knowledge and understanding of a financial institution’s products, services, and reports
Ability, availability, and willingness to work additional and/or unconventional hours as demanded by the workload
Must be bondable
Preferred
Experience with implementing and maintaining a sophisticated CECL software, utilizing DCF or PD/LGD methodology
Power BI, Python, and SQL experience a plus
Benefits
Progressive benefit package
Company
GreenState Credit Union
GreenState Credit Union is a financial services company that specializes in online banking.
Funding
Current Stage
Late StageTotal Funding
$100M2023-02-15Debt Financing· $100M
Recent News
Corridor Business Journal
2024-10-30
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