BrightBridge Credit Union · 5 hours ago
VP, Finance (Lawrence or Bridgewater, MA)
Lawrence, MA, US
Full-time
Onsite
Senior Level, Lead/Staff
$143K/yr - $166K/yr
10+ years expBrightBridge Credit Union is seeking a Vice President of Finance to lead their financial reporting and analysis functions. This role involves ensuring strong financial performance, stability, and regulatory compliance while providing strategic recommendations to the executive team and Board of Directors.
BankingFinancial ServicesLendingMortgage
Responsibilities
Actively leads staff in hiring and employment activity, employee relations, performance management, departmental training and development, and job assignment issues to encourage maximization of employee potential and morale
Responsible for the maintenance and compliance of key policy statements including capital adequacy, interest rate risk management, liquidity management, investments, and risk tolerance. Contributes to the development and execution to optimize such key policy statements
Coordinates the Asset/Liability Management program in conjunction with the management Asset/Liability Committee and Board Asset / Liability Committee. Coordinate the preparation of the quarterly Asset/Liability model by providing assumptions and information to the Credit Union’s third party Asset/Liability advisory firm
Lead the comprehensive budgeting, financial forecasting, and long-range financial planning processes
Manages accounting department to maximize efficiency and productivity, including: making routine employment decisions, reviewing performance, assigning work, providing training and coaching subordinates
Maintains a strong internal control structure ensuring accounting policies, processes and financial reports are in conformity with Generally Accepted Accounting Principles
Prepares quarterly Current Expected Credit Losses (CECL) calculation and analysis and account for the Credit Union’s impaired loans and foreclosed real estate
Responsible for month end close process and preparation of monthly internal Board reports
Provides support and documentation for the Audited Financial Statements and 990 and 990T process. This includes maintenance of the footnotes for the audited financial statements. Ensuring any quarterly tax payments are remitted in accordance with taxing authorities
Conducts in-depth financial analysis of key performance indicators (KPIs), operating results, and variance against budget to identify trends, efficiencies, and areas for improvement. Also, performs financial analyses and product cost analyses for present and future products
Ensures all decisions made supports the objective of being the “Best Place to Work and Bank.”
Participates in various committees as deemed necessary by the Executive Team
Performs all other duties as assigned
Qualification
Required
Bachelor's degree in accounting or related field required
Ten to twelve years' experience in Accounting/Finance within a financial organization, preferably from a Credit Union environment is required
Strong analytical abilities required
Demonstrated proficiency in accounting, regulatory, investment, risk management and technical systems knowledge
Demonstrated written/verbal communication, decision making, and interpersonal skills required
The ability to lead and develop staff in achieving departmental and personal objectives required
PC skills to include MS Office, Outlook, Word, Excel, PowerPoint and financial software systems required
Benefits
Ongoing training and career development opportunities
Competitive pay, benefits, and the chance to grow with a supportive organization
The satisfaction of making a real difference in your community every day
Company
BrightBridge Credit Union
BrightBridge Credit Union provides personal and business banking, loans, mortgages, and digital banking services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
John Howard
President & CEO
Michael Valley
EVP Chief Financial Officer and Chief Operating Officer.
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