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VyStar Credit Union · 17 hours ago

Profitability and Efficiency Improvement Manager

Jacksonville, FL - VyStar Tower

Full-time

Hybrid

Senior Level

5+ years exp

VyStar Credit Union is seeking a Profitability and Efficiency Improvement Manager to join their Finance Team. The role involves analyzing financial and operational results to enhance company performance, communicating insights to senior management, and leading financial projects focused on profitability and efficiency improvements.

AppsBankingFinanceMortgage

Responsibilities

Analyze financial and operational results to better understand company performance including evaluating whether the company’s assets and investments are the best use of the company’s capital by looking at return on investment (ROI) and comparisons with other ways the company might utilize its cash flow

Communicate results and recommendations to senior management for improvements that will lead to cost reduction, revenue generation and streamlined operations

Work with large volumes of data including within models as needed to detect trends and isolate essential relevant information for sound decision making and development of long and short-term financial strategies

Build concise, visually appealing, and easy to understand presentations for C-Suite and Board of Director audiences using graphics, charts, and relevant images to enhance overall impact

Take initiative in supporting changes needed to improve profitability and efficiency related to impacts from ongoing and strategic initiatives such as M&A and new business/projects

Provide insights to senior management around financial modelling, forecasts, efficiencies, and profitability to actualize business goals

Gauge the company’s overall financial health by using key financial ratios such as the Efficiency Ratio, OpEx/Average Assets, Net Worth Ratio, Loan to Deposit Ratio, Net Interest Margin, Return on Assets, and others

Develop, communicate, and execute a vision for meeting business needs via dashboards and/or data visualizations and democratizing the data asset; vision must identify and create the ability for our business to make decisions

Managing, creating, and maintaining dashboard environment including visual and performance standards

Compare intended outcomes with actual outcomes and adapt approach and framework appropriately and in line with changes

Participate in continuous personal and department performance improvement activities

Manages the interaction with key stakeholders and business units to discuss, establish, review, and maintain efficiencies and profitability

Develops, manages, and actively manages improvements in efficiency and profitability reporting including ratios and summary analysis. Profitability reporting includes but is not limited to branches/ regions, lines of business, products, and member segments

Serve as a key liaison to explain to the various stakeholders the methodology and results of profitability analysis output including Funds Transfer Pricing, Capital Allocations, Revenue allocation, and Expense allocation methodologies

Responsible for tracking ROI on M&A projects. Track the financial returns, profitability, and production of acquired institutions

Manages and facilitates decision-making regarding expenditures, focusing on those not included in the Annual Operating Plan (AOP)

Identifies and explains efficiency and profitability variances through key relationships with stakeholders

Assist in streamlining and automating processes to reduce operational risks

Analyze the trends of Key Performance Indicators (KPIs) and identify the cause of any unexpected variances

Extract relevant peer metrics as needed for comparative purposes

Ad-hoc business performance reporting

All employees and business units, as first line of defense, are expected to proactively help identify, assess, manage, and report risks within their domain of work. To enhance a healthy risk culture and support our growth for good pillar, employees will maintain vigilance in safeguarding our operations while ensuring compliance with regulatory mandates

Qualification

Financial ModelingData AnalyticsProfitability AnalysisBudgetingSQLPower BIExcelCommunication SkillsInterpersonal SkillsPresentation SkillsTeam Player

Required

Bachelor's degree in Finance, Accounting, Economics, or related area

5-7+ years of related experience

Preferred

Master's degree in Finance or Business (or equivalent combination of education and significant relevant experience)

5+ years of functional experience with budgeting, profitability, and data mining activities and/or 5+ years of experience in statistical/ quantitative analysis tools such as SQL, Power Bi, or other tools

5+ years of experience in Financial Analytics/ modeling using Excel, or other budgeting, forecasting or profitability software systems

Knowledge of financial institutions products and services

Proficiency in data analytics