Director, Finance

KCU•Bremerton, WA

5h•Hybrid

About The Position

Kitsap Credit Union is searching for a Director of Finance. The Director of Finance is responsible for ensuring integrity and credibility of the business plan development that includes loan, deposit, and liquidity quarterly and annual forecasts and the development of the financial contingency plans. This position will ensure asset/liability management, balance sheet and liquidity strategy development, investment portfolio analysis and management, budgeting, product and responsibility center reporting, and deposit and loan pricing models. The position actively participates in all functions of planning, controlling, and overseeing the credit union’s finance reporting systems to support KCU’s financial management decision-making and contributing to improvement in Operational Excellence.

Requirements

Strong, innovative analytical skills.
Proficient with Microsoft Office Suite software.
Ability to learn and establish cross-functional credibility quickly.
Excellent verbal and written communication skills to all levels of an organization.
Ability to influence without direct authority.
Comfortable working in fast paced, demanding environments.
Excellent organizational skills and attention to detail.
Excellent time management skills with a proven ability to meet deadlines.
Ability to provide unbiased, objective, and impartial recommendations or decisions.
Demonstrate a high level of engagement and active collaboration contributing to a positive team environment.
Understand, model, and represent KCU’s core values.
Bachelor's Degree in Finance, Business Administration, Economics, or related field, or equivalent experience.
8+ years of related work experience.

Nice To Haves

CPA strongly preferred.
Experience in a bank or credit union.

Responsibilities

Perform financial forecasting and budgeting, which includes projecting the Balance Sheet and Income Statement, reporting on results, and monitoring operating metrics and trends.
Report on actual to budget performance and prepare reporting for Management and Board of Directors review.
Contributes to improvements to the overall budget and forecasting process.
Owns components of the annual financial plan and underlying budget for the credit union.
Analyze costs, activities, operations, and forecasts data to determine departmental progress towards stated goals.
Oversee the preparation of financial reports to include reviews, analysis, and interpretations.
Establishes projects and goals for each area of responsibility and tracks performance.
Contribute to the development and execution of balance sheet and liquidity strategies.
Prepare/contribute to asset/liability and finance committee materials.
Contribute to the preparation, maintenance, and execution of an investment strategy that aligns with the overall balance sheet and liquidity strategies.
Contribute to or own other ad hoc analysis as needed including mergers and acquisitions, etc.
Work closely with our external vendor to prepare the quarterly interest rate risk update used to evaluate interest rate risk exposure and alternative strategies when necessary.
Provide data, update key assumptions, and review and create presentations of the results.
Manage large confidential data sets involving deposit and loan data for statistical analysis.
Analyze various revenue and balance sheet strategies in partnership with business leads and present meaningful results to Management for consideration.
Develop and maintain pricing models for loan and share products.
Coordinate the preparation of the annual operating budget for non-interest income and expense in conjunction with department leads and other Finance personnel.
Perform Credit Risk Management (CRM) analysis, including analysis of the qualitative factors affecting the Allowance for Loan Loss (ALLL) reserves and a quarterly economic report to Management explaining the results.
Provide information and support, as requested, during regulatory examinations and financial audits.
Perform financial analysis calculating estimated return on investments for requested strategic projects.
Calculate actual return on investment for select strategic projects one year after implementation.
Collaborate with leaders across the organization; lead initiatives to improve business processes and drive efficiency.

Benefits

Free onsite parking
Annual time off and sick time accrued
11 paid holidays
1 Personal Floating day
Medical, Dental, Vision, Short- and Long-term Disability, Life and AD&D Insurance
Employee Assistance Program
Choose from a PPO medical plan or a High Deductible with a Health Savings Account
3% KCU funded Safe Harbor Contribution to your 401K
KCU will match up to 2% of your 401K contributions
All 401K contributions are 100% vested
Potential annual incentive in all roles within Kitsap Credit Union
Tuition reimbursement
8 hours of paid volunteer time off
Discounts on KCU's products and services
Enjoy unlimited ORCA transit access through KCU for less than $45 a year—your cost as an employee