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The Vice President, Finance oversees the Finance and Secondary Marketing departments and ensures compliance with National Credit Union Administration (NCUA) regulations, corporate policies, and internal controls. This role is responsible for the timely and accurate preparation of management reporting, including the ALCO package, Board report schedules, and branch, product, and profitability analyses. The position also directs the daily operations of the finance function, including recurring and ad hoc analytical support, as well as the operation, development, and maintenance of finance systems. Additional responsibilities include cash management, financial forecasting, annual budget preparation, and ongoing variance analysis. The Vice President, Finance oversees secondary marketing activities, ensuring alignment with liquidity, interest rate risk management, and income objectives. The role also ensures the effective implementation and use of finance technologies and methodologies that inform strategic decision-making and support Asset Liability Management (ALM) and overall profitability.

Oversees internal and external ALM simulations, including stress testing, scenario analysis, and "what-if" modeling
• Directs back testing and third-party model validation processes
• Leads ALM-related analysis supporting long-range planning and strategic decision-making
• Collaborates with management to develop key assumptions used in projections and ALM modeling; provides recommendations to ensure interest rate risk remains within policy limits
• Participates in the development of policy limits (e.g., interest rate risk, concentration risk) and ensures ongoing monitoring, tracking, and reporting of compliance with regulatory and internal requirements
• Advises on ALM assumptions, results, scenario outcomes, and strategic recommendations
• Leads yield curve analysis, including budget, current, and forward views, and assesses related implications
• Oversees reporting and analysis for loan originations, prepayments, sales vs. budget, and loan/deposit growth by product and branch
• Provides margin analysis across new and existing businesses relative to required returns
• Conducts product-level profitability analysis, including MMA and CD trends by tier and term
• Prepares specialized analyses, including ARM payment shock, MBL capacity forecasts, and rate surveys
• Oversees development of the annual budget, including loans, deposits, investments, interest income/expense, operating expenses, compensation, fee income, capital expenditures, and credit-related factors (e.g., delinquency, charge-offs, loan loss provisions)
• Manage Secondary Marketing activities including mortgage pricing/profitability, vendor management, securitizing & maintenance of MBS sales triggers and analysis and activity reporting
• Directs forecasting processes across production, pricing, and balance sheet components
• Leads variance and attribution analysis across key financial areas, including OPEX, compensation, fee income, and non-operating items
• Ensures the preparation of comprehensive budget and forecast reporting for management
• Oversees funds transfer pricing and advises on relationship pricing strategies and implementation
• Directs profitability analysis across products, portfolios (e.g., indirect, commercial), branches, and delivery channels, including ATMs
• Leads analysis of fraud, share, and plastics losses, including trends, ratios, and industry benchmarking
• Oversees branch deployment analysis, including proformas and payback evaluations
• Conducts ad hoc financial analysis to support new products, services, pricing, and strategic initiatives
• Maintains key financial metrics and analyses, including net worth targets, vendor financial reviews, investment portfolio reviews, and risk-related assessments (e.g., earthquake analysis)
• Supports management with financial insights, identifying cost and revenue drivers across products, services, and channels
• Participates in pricing decisions, system enhancements, and evaluation/implementation of financial applications (e.g., profitability, budgeting systems)
• Contributes financial analysis to cross-functional committees (e.g., loan quality, fraud, capital management) and prepares detailed reports and cost studies as needed
• Maintains and oversees key financial policies, including ALM/IRR, investment, liquidity, capital, and concentration risk
• Supports the development and enhancement of financial controls, procedures, and reporting systems to ensure strong governance and regulatory compliance
• Provides leadership and oversight for Finance and Secondary Marketing staff, ensuring effective operations, regulatory compliance, and high-quality output
• Establishes and implements policies and procedures to improve efficiency, accuracy, and service levels
• Leads workforce planning, including recruitment, development, cross-training, and succession planning to ensure continuity and competency
• Conducts performance management, coaching, and employee development activities
• Fosters collaboration, strong employee relations, and a team-oriented culture focused on member service
• Holds regular staff meetings to review performance, goals, and operational updates
• Maintains expertise through participation in management meetings, industry conferences, and training programs.
• Engages in ongoing professional development, including ALM certification, system training, and executive education programs such as Raddon CEO Strategies.

Education

• Minimum
• Graduate Degree
• Must be a CPA or have an MBA or Master's degree in a relevant field

Experience

• 10 years of finance experience
• 7 years of financial institutions experience

Disclaimer

Logix Federal Credit Union is an equal opportunity employer that does not discriminate in employment opportunities or practices on the basis of race, religion, color, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other status protected by law.