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First Financial Credit Union · 1 week ago

Director of Finance

Pasadena, CA

Full-time

Onsite

Mid, Senior Level

5+ years exp

First Financial Credit Union (FFCU) is a trusted Southern California financial institution dedicated to serving the educational community. They are seeking an experienced and strategic Director of Finance to lead key aspects of their Finance team, overseeing critical finance functions and developing financial strategies that drive the organization's long-term success.

BankingFinanceFinancial ServicesNon Profit

Responsibilities

Financial forecasting and budgeting

Asset-liability management (ALM) and funding strategies

Investment portfolio management

Risk assessment and mitigation

Broader finance and accounting responsibilities

Oversee critical finance functions, including the preparation, analysis, and evaluation of financial information, performance metrics, and ALM positioning

Identify strategic opportunities and recommend solutions to achieve the credit union's balance sheet objectives

Reporting to and partnering closely with the Chief Financial Officer (CFO)

Coach, develop, and lead their direct report

Assist with the timely and accurate execution of on-going financial operations within policy, regulations and generally accepted accounting principles in the United States (GAAP). This includes maintenance of financial records, financial reporting, ALM analysis and reporting, development of credit union budget and forecasts, monitoring of performance to budget, and regulatory reporting. Work closely with the Accounting Department in the related areas

Assist with managing the Credit Union's treasury and investment activities as custodian of funds, securities, and assets of the organization. Establish and maintain relations with financial institutions and the investment community. Direct safekeeping, control and accounting for assets and securities. Manage the risk of the Credit Union's investment portfolio within policy, regulation and the Credit Union's risk appetite

Assist with the analysis of market data and trends to provide strategic business insights

Assist with the development and achievement of divisional goals in support of the credit union's blue ocean strategy and serve the educational community

Assist with the development and implementation of a proper internal control environment surrounding financial reporting, sufficient to safeguard assets and to ensure the accuracy and appropriateness of general ledger balances and consolidated financial results

Assist with the completion of financial audits and regulatory examinations by maintaining relations with and being a primary contact for auditors and examiners, coordinating on-site visits,and developing corrective action plans to address any auditor/examiner findings or financial statement deficiencies

Customarily and regularly execute special tasks and assignments under general supervision

Customarily and regularly exercise discretion and independent judgment

Team building of subordinate(s), including promoting a positive culture

Recommend candidates for hire, termination, and/or discipline

Coordinate and produce monthly Asset-Liability Committee (ALCO) reports in a timely and accurate manner. In addition, facilitate/lead the monthly ALCO meetings

Participate in the development of long and short-term strategic plans for the organization

Perform all duties in compliance with laws, regulations, credit union policies and procedures

Comply with all BSA and OFAC regulations

Perform all other duties as assigned

Qualification

Financial forecastingBudgetingAsset-liability managementInvestment portfolio managementRisk assessmentFinancial operations knowledgeFinancial statement knowledgeFinancial budgeting softwareMicrosoft ApplicationsTeam buildingCoachingDevelopment

Required

5+ years of finance, treasury, or accounting experience, preferably within a financial institution

Strong financial statement knowledge and understanding of the structure of a credit union's balance sheet and income statement highly preferred

Robust knowledge of financial operations of a credit union, including but not limited to, profitability, liquidity, credit risk, ALM, secondary marketing, loan and deposit pricing, highly desirable

Direct experience with financial budgeting and financial forecasting software required

Sound understanding of credit union regulatory and accounting literature, a plus

Experience with regulators and accountants preferred

Proficient in Microsoft Applications (Word, Excel, PowerPoint, Access)