Director, Finance

Municipal Credit Union•New York, NY

About The Position

The Director of Finance plays an integral role in helping MCU achieve its organizational objectives and meet stringent regulatory requirements in the areas of interest rate risk and liquidity management. This position plays a leadership role ensuring a high performing team that is continually maximizing efficiency with a positive impact on the financial health of the credit union while providing excellent service to its stakeholders.

Requirements

Bachelor's degree in Finance, Accounting, or a related field; MBA or CPA preferred.
10+ years of progressive experience in finance, with a minimum of 5 years in a finance leadership position at a similarly sized bank or credit union.
In-depth knowledge of asset liability management principles, planning systems, and stress testing methodologies.
Strong understanding of bank accounting concepts and GAAP, with the ability to interpret and apply regulatory guidelines effectively.
Excellent analytical skills and attention to detail, with the ability to analyze complex financial data and draw actionable insights.
Proven leadership abilities, with experience managing teams and driving results in a collaborative environment.
Exceptional communication and interpersonal skills, with the ability to articulate financial concepts to diverse audiences and influence decision-making processes.
Strategic mindset and forward-thinking approach, with the ability to anticipate challenges and develop proactive solutions.
Demonstrated success in planning, organizing, leading people and activities. Ability to motivate, direct and coach staff.
Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail.
Technologically proficient.
Proven ability to manage change
Capacity to take calculated risks and innovate
Experience in setting vision and strategy
Lead by example and encourage team in developing adaptability
Successful in communicating effectively
Prioritizes developing others
Thinking that values diversity and difference
Proven ability to build and maintain relationships at all levels of the organization
Skilled at managing effective teams and work groups that default to action, are accountable, and take ownership of work

Nice To Haves

MBA or CPA preferred.

Responsibilities

Serves as finance subject matter expert and cross-functionally supports projects and programs.
Studies long-range economic trends and projects company prospects for future growth in overall income, liquidity, net worth and market share.
Provides insight and recommendations to both short-term and long-term growth plans, and helps establish yearly financial objectives that align with the credit union’s goals.
Supports new business initiatives and new product offerings by providing decision support analysis.
Oversees the credit union’s ALM program ensuring a safe and sound framework that operates well within board approved risk levels and regulatory expectations. Ensure that the credit union’s balance sheet is positioned to address any potential market related interest rate and liquidity risks.
Develop and implement strategies to optimize the credit union’s ALM framework, effectively managing interest rate risk, liquidity risk, and funding needs while driving opportunities for growth and revenue enhancement.
Lead the development and execution of stress testing scenarios to assess the credit union’s resilience to adverse economic conditions and regulatory requirements.
Oversee the credit union’s investment portfolio, implement strategies that optimize liquidity and returns under the guidance of ALCO.
Oversee the credit union’s secondary marketing program, including loan participation purchases and sales. Oversee the portfolio of loan purchases monitoring for performance.
Oversee pricing strategies for loan and deposit products. Analyze market trends, interest rates and competitor offerings to determine competitive and profitable pricing structures.
Serve as the primary liaison for advisory firms engaged by MCU in support of ALM and Investment strategies.
Serves as a key point of contact for external and internal auditors in matters pertaining to asset liability management.
Oversee the monthly, quarterly, and annual forecasting process to ensure both the timeliness and accuracy of reporting.
Serve as the subject matter expert on all planning and budgeting software tools used by the department (ProfitStars, Deposits360, Liquidity360, Deposit Dynamics pricing model, nCino loan analytics).
Must be adept at developing ad hoc complex models in Excel when third party models cannot be used.
Review and ensure application of appropriate internal controls, compliance and financial procedures.
Monitor key financial metrics and performance indicators, analyzing trends and identifying areas for improvement or risk mitigation.
Collaborate with the Accounting team during the monthly close process by providing monthly margin analysis, rate volume analysis, ensuring reported results are fairly and accurately reported.
Responsible for preparing monthly reporting and analysis for management and board reporting, as well as all ALCO reports.
Perform other related duties as requested and special projects as assigned