Profitability and Efficiency Improvement Manager

VyStar Credit Union•Jacksonville, FL

12d

About The Position

At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursement--available to all full and part time employees. Part time positions start at a minimum of 30 hours per week. We encourage you to become a part of VyStar Credit Union's family of employees. Profitability and Efficiency Improvement Manager ACCOUNTABILITY STATEMENT The incumbent will be a part of the Finance Team and assist the Senior Vice President of Financial Projects, M&A and Investor Relations and Assistant Vice President, Financial Performance in carrying out the broader company mission and will assist with building out various views of Profitability and manage efficiency improvement in addition to other financial projects, at the discretion of the SVP, Financial Projects, M&A and Investor Relations and Assistant Vice President, Financial Performance. This involves all matters of profitability and efficiency for business units, products and members, scorecard/ dashboards (profitability and efficiency reporting), related consulting engagements, and longer-term planning exercises including tracking and reporting on profitability, efficiency and variances. These duties require building and maintaining models utilizing various business intelligence tools. Under the direction of the SVP, Financial Projects, M&A and Investor Relations and Assistant Vice President, Financial Performance, this position provides leadership and oversight to financial projects including but not limited to profitability and efficiency initiatives. ESSENTIAL RESPONSIBILITIES Analyze financial and operational results to better understand company performance including evaluating whether the company’s assets and investments are the best use of the company’s capital by looking at return on investment (ROI) and comparisons with other ways the company might utilize its cash flow. Communicate results and recommendations to senior management for improvements that will lead to cost reduction, revenue generation and streamlined operations. Work with large volumes of data including within models as needed to detect trends and isolate essential relevant information for sound decision making and development of long and short-term financial strategies. Build concise, visually appealing, and easy to understand presentations for C-Suite and Board of Director audiences using graphics, charts, and relevant images to enhance overall impact. Take initiative in supporting changes needed to improve profitability and efficiency related to impacts from ongoing and strategic initiatives such as M&A and new business/projects. Provide insights to senior management around financial modelling, forecasts, efficiencies, and profitability to actualize business goals. Gauge the company’s overall financial health by using key financial ratios such as the Efficiency Ratio, OpEx/Average Assets, Net Worth Ratio, Loan to Deposit Ratio, Net Interest Margin, Return on Assets, and others. Develop, communicate, and execute a vision for meeting business needs via dashboards and/or data visualizations and democratizing the data asset; vision must identify and create the ability for our business to make decisions. Managing, creating, and maintaining dashboard environment including visual and performance standards. Compare intended outcomes with actual outcomes and adapt approach and framework appropriately and in line with changes. Participate in continuous personal and department performance improvement activities. Manages the interaction with key stakeholders and business units to discuss, establish, review, and maintain efficiencies and profitability. Develops, manages, and actively manages improvements in efficiency and profitability reporting including ratios and summary analysis. Profitability reporting includes but is not limited to branches/ regions, lines of business, products, and member segments. Serve as a key liaison to explain to the various stakeholders the methodology and results of profitability analysis output including Funds Transfer Pricing, Capital Allocations, Revenue allocation, and Expense allocation methodologies. Responsible for tracking ROI on M&A projects. Track the financial returns, profitability, and production of acquired institutions. Manages and facilitates decision-making regarding expenditures, focusing on those not included in the Annual Operating Plan (AOP). Identifies and explains efficiency and profitability variances through key relationships with stakeholders. Assist in streamlining and automating processes to reduce operational risks. Analyze the trends of Key Performance Indicators (KPIs) and identify the cause of any unexpected variances. Extract relevant peer metrics as needed for comparative purposes. Ad-hoc business performance reporting. All employees and business units, as first line of defense, are expected to proactively help identify, assess, manage, and report risks within their domain of work. To enhance a healthy risk culture and support our growth for good pillar, employees will maintain vigilance in safeguarding our operations while ensuring compliance with regulatory mandates. The Risk team serves as the second line of defense by providing risk oversight and credible challenge whereas the Audit team serves as the third line of defense by providing risk assurance. Incumbent is expected to demonstrate each of the following VyStar Excellence behaviors in performing the duties and responsibilities of their job: Focus - Focus your full attention by carefully listening to and observing client or member. Connect - Consistently be friendly and approachable. Demonstrate your care. Understand - Listen empathetically and ask questions (70%/30% rule). Counsel - Recommend solutions based on your member’s needs and objectives. Advance - Ensure that member’s expectations were exceeded. Verify necessary follow-up actions.

Requirements

Bachelor’s degree in Finance, Accounting, Economics, or related area
5-7+ years of related experience
Avid and positive team player that will work well across multi-disciplined organization.
Ability to work with both finance and non-finance professionals.
Able to alter presentations based on audience understanding some presentations will be more general with others intended for those with strong financial backgrounds (Executive Team)
Strong analytical capabilities with knowledge of accounting/ financial reporting and financial modeling
Understanding of business metrics
Strong research, communication, interpersonal, and presentation skills
Ability to work with and analyze large volumes of data.
Ability to work independently and is a self-starter.
Exhibits flexibility and willingness to take on new responsibilities and assignments.
Advanced Excel, PowerPoint, and Word skills
Must be highly motivated and organized including the ability to multi-task and manage unstructured tasks within specific guidelines and time constraints.
Must possess strong verbal and written communication skills.
Ability to coach and mentor junior analysts.

Nice To Haves

Master’s degree in Finance or Business (or equivalent combination of education and significant relevant experience)
5+ years of functional experience with budgeting, profitability, and data mining activities and/or 5+ years of experience in statistical/ quantitative analysis tools such as SQL, Power Bi, or other tools
5+ years of experience in Financial Analytics/ modeling using Excel, or other budgeting, forecasting or profitability software systems.
Knowledge of financial institutions products and services
Proficiency in data analytics

Responsibilities

Analyze financial and operational results to better understand company performance including evaluating whether the company’s assets and investments are the best use of the company’s capital by looking at return on investment (ROI) and comparisons with other ways the company might utilize its cash flow.
Communicate results and recommendations to senior management for improvements that will lead to cost reduction, revenue generation and streamlined operations.
Work with large volumes of data including within models as needed to detect trends and isolate essential relevant information for sound decision making and development of long and short-term financial strategies.
Build concise, visually appealing, and easy to understand presentations for C-Suite and Board of Director audiences using graphics, charts, and relevant images to enhance overall impact.
Take initiative in supporting changes needed to improve profitability and efficiency related to impacts from ongoing and strategic initiatives such as M&A and new business/projects.
Provide insights to senior management around financial modelling, forecasts, efficiencies, and profitability to actualize business goals.
Gauge the company’s overall financial health by using key financial ratios such as the Efficiency Ratio, OpEx/Average Assets, Net Worth Ratio, Loan to Deposit Ratio, Net Interest Margin, Return on Assets, and others.
Develop, communicate, and execute a vision for meeting business needs via dashboards and/or data visualizations and democratizing the data asset; vision must identify and create the ability for our business to make decisions.
Managing, creating, and maintaining dashboard environment including visual and performance standards.
Compare intended outcomes with actual outcomes and adapt approach and framework appropriately and in line with changes.
Participate in continuous personal and department performance improvement activities.
Manages the interaction with key stakeholders and business units to discuss, establish, review, and maintain efficiencies and profitability.
Develops, manages, and actively manages improvements in efficiency and profitability reporting including ratios and summary analysis.
Serve as a key liaison to explain to the various stakeholders the methodology and results of profitability analysis output including Funds Transfer Pricing, Capital Allocations, Revenue allocation, and Expense allocation methodologies.
Responsible for tracking ROI on M&A projects.
Track the financial returns, profitability, and production of acquired institutions.
Manages and facilitates decision-making regarding expenditures, focusing on those not included in the Annual Operating Plan (AOP).
Identifies and explains efficiency and profitability variances through key relationships with stakeholders.
Assist in streamlining and automating processes to reduce operational risks.
Analyze the trends of Key Performance Indicators (KPIs) and identify the cause of any unexpected variances.
Extract relevant peer metrics as needed for comparative purposes.
Ad-hoc business performance reporting.
All employees and business units, as first line of defense, are expected to proactively help identify, assess, manage, and report risks within their domain of work.
To enhance a healthy risk culture and support our growth for good pillar, employees will maintain vigilance in safeguarding our operations while ensuring compliance with regulatory mandates.