AVP of Finance and Data Analytics

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POSITION PURPOSE

Delivers on University Credit Unions core purpose of giving everyone in the University community a financial advantage by developing strategy, and providing financial models and recommendations.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Identifies and analyzes trends using statistical analysis and mathematical modeling
• Maintains internal ALM model used for balance sheet and income statement forecasting and interest rate risk (IRR) assessments, which are conducted frequently, in accordance with the ALM policy
• Responsible for ensuring reasonableness of the model by conducting back-testing and model validations in accordance with the ALM Policy
• Works with management to develop assumptions in order to complete business projections and IRR simulations
• Provides recommendations to management related to IRR management in order to optimize the credit unions balance sheet and future earnings and to ensure risk is maintained within policy limits
• Participates in development of policy limits related to concentration risk limits, interest rate risk, liquidity, investments, and any other limits required by management and/or regulators
• Responsible for tracking and reporting compliance with policy limits.
• Responsible for development of budget and 3-Year forecast, including sensitivity analysis and other analysis to support results of the forecast
• Responsible for budget variance analysis
• Oversees daily cash management activities and is responsible for maintaining cash at levels required by policy
• Makes recommendations to management for borrowing or taking other appropriate steps to ensure liquidity levels are adequate to support short-term and long-term business-related requirements
• Responsible for loan and deposit products pricing analysis
• Oversees maintenance of funds transfer pricing systems
• Responsible for existing and new product, channel, and partnerships profitability
• Responsible for ad hoc financial analysis and reporting (new products, services, fees, rates, initiatives)
• Responsible for critical vendor and potential new vendor financial evaluations
• Responsible for the investment portfolio review and reporting
• Provides financial reports to management as requested
• Researches and implements new or enhanced financial applications, such as ALM, profitability and budgeting systems
• Performs other duties as assigned.

QUALIFICATIONS

• Bachelors degree in finance, economics, mathematics or related fields from four-year college or university. MBA and/or CFP strongly preferred.
• Advanced knowledge of asset/liability management, risk management, valuation, and treasury functions.
• Advanced knowledge of financial and accounting theory, principles and practices and ability to interpret financial and general ledger data.
• Ability to independently and efficiently prepare complex ad-hoc financial analyses with a high degree of accuracy, under general supervision.
• Strong presentation skills in PowerPoint, with the ability to visualize complex analyses in a straightforward manner.
• Thorough working knowledge, understanding, and experience calculating and interpreting credit union/banking key metrics, ratios and trends.
• Advanced Excel experience including creation and use of macros in VBA, pivot tables and statistical functions including add-ins.
• Thorough working knowledge, understanding and experience with ALM software. Experience with Fiserv Prologue Risk Manager strongly preferred.
• Experience with big data mining and its use for balance sheet modeling preferred.