Accounting - VP Director Financial Planning and Analysis
Chelsea, MA 02150, USA Req #37
Tuesday, August 11, 2020
The Vice President of Financial Planning & Analysis provides
leadership and guidance to the Finance Department and is
responsible for the Credit Union’s financial planning and analysis
in both the short and long term.The team’s responsibilities include
analyzing financial statements and other related documents;
completing cost analysis, profitability, pricing, peer data
reviews, valuation, budgeting, forecasting, financial modeling,
reconciliation and other related analysis tools and procedures;
preparing short and long term financial planning, reporting of key
performance indicators, ad hoc analysis reports, and providing
various monthly, quarterly, annual and ad hoc reports to
management.Performs and/or reviews a variety of routine daily
tasks; reviews reports, prepares correspondence; participates in
special department projects.Ensures efficient and effective
interdependent operations of the department in conjunction with the
Vice President, Controller.
MAJOR RESPONSIBILITIES :
Oversees all functions within the Finance team, including but
not limited to performing analytical and operational tasks and
responsibilities within the Accounting & Finance
Department.Responsible for ensuring the team’s performance is
within established policies, procedures, and standards.Serves as a
department and Credit Union resource and resolves complex
Develops, coordinates, oversees and reviews preparation of
various internal management financial reporting, including various
daily and monthly financial reports and Board and Committee
packages. Able to independently prepare ad hoc analysis and
strategically intelligent reports with the intent of contributing
to the decision process for Senior Management.
Responsible for overseeing the Credit Union’s Accounts Payable
Ensures that the Finance team has adequate policies, procedures
and internal controls to ensure sound and efficient operations.
Responsible for the annual budgeting process.Sets expectations
for the Credit Union’s cost center manager participation,
coordinates the submissions received from responsibility managers
for accuracy and reasonableness to include:
Owns the Credit Union’s budgeting process and monitors and
analyzes credit union-wide performance.Ensures the appropriate
maintenance of the budget software system.Helps maintain a culture
of accountability and focus on financial results, including but not
limited to maximizing profitability.
Assists with management of the Credit Union’s asset / liability
function including.Acts as a backup owner of the ALM function,
working with the Credit Union’s Controller and the third-party ALCO
vendor to ensure that the Credit Union maintains and adequate
asset/liability management model and reporting capability.
Acts as liaison between the Credit Union and external examiners
and auditors as well as the risk management team, supplying such
information as financial, operational, or risk-related reports or
as may be required in a timely, accurate and efficient manner.
Develops and provides recommendations for the finance team’s
plan of organization and staffing.Selects and provides for the
continuing development of subordinate staff.Conducts performance
reviews and provides for the ongoing guidance, training, and
direction to staff in implementing plans and objectives.
Actively participates on committees and task forces.Attends
seminars to keep informed of changes in accounting and
operations.Provides input to the Credit Union’s Strategic Plan;
implements objectives and tasks.Maintains effective expense control
in operating the departments. Works closely with other CU managers
to ensure smooth operations.
PROBLEM SOLVING & DECISION MAKING :
Officer Level Cognitive Abilities require candidate must be able
to work with and collaborate with senior officers, peers and staff.
Should have strong analytical and complex strategic thinking and
tactical skills. Should possess complex problem solving; ability to
multi-task, communicate effectively , have the ability to deal with
conflict and resolve differences and operate in time pressure
situations. Ability to motivate and develop staff and gain
consensus among all levels of employees is highly desirable