Job description
Working at MIT FCU offers opportunities that just aren’t found anywhere else, including generous and unique benefits that help to ensure that MIT employees are healthy, supported, and enjoy a fulfilling work/life balance.
VICE PRESIDENT OF FINANCE, MIT Federal Credit Union (MIT FCU), to oversee and direct the activities and staff of the accounting department. Will ensure that reports, accounts, systems, policies, and practices adhere to generally accepted accounting principles (GAAP); and establish, coordinate, and maintain an accounting system that properly reflects the financial position of the MIT FCU. Responsibilities include overseeing and managing the financial, accounting, and bookkeeping functions; developing, implementing, and evaluating policies and procedures and ensuring that they reflect current regulations and are in strict compliance with GAAP; monitoring, approving, and/or implementing cost control activities; providing financial reporting, financial analyses, cash management, and forecasting reports; preparing finance projections and managing investment accounting activities; preparing budgets; identifying deposit and loan rates; assisting with lease negotiation and major purchasing decisions; identifying areas for improvement; and keeping staff up-to-date on trends and general credit union information.
Job Requirements
REQUIRED: bachelor’s degree; ten years’ accounting and financial management experience; excellent analytical, leadership, management, interpersonal, coaching, training, and oral and written communication and presentation skills; ability to build relationships/alliances; keeping current on changes in technology, electronic, and alternative delivery methods; comprehensive knowledge of internal accounting and financial reporting systems, investments, GAAP, pricing and profitability models, cost-benefit analysis, and asset and liability management principles/programs; working knowledge of financial service rules and regulations and consumer legislation, i.e., Reg. Z, B, etc.; solid knowledge of deposit and lending products; ability to work strategically when executing initiatives, making decisions, and advancing the MIT FCU’s vision/goals; ability to work in a fast-paced and goal- and team-oriented organization; and advanced-level knowledge of Microsoft Office.
PREFERRED: certified public accountant (CPA) and a master’s degree. Job #22505-11
The position is located in Lexington, MA and is a hybrid role.
MIT / MIT FCU is an equal employment opportunity employer. We value diversity and strongly encourage applications from individuals from all identities and backgrounds. All qualified applicants will receive equitable consideration for employment based on their experience and qualifications, and will not be discriminated against on the basis of race, color, sex, sexual orientation, gender identity, religion, disability, age, genetic information, veteran status, ancestry, or national or ethnic origin. See MIT's full policy on nondiscrimination. Know your rights.
MIT / MIT FCU considers equivalent combinations of experience and education for certain jobs. All candidates who believe they possess equivalent experience and education are encouraged to apply.
Privacy and Accessibility
To safeguard our health and well-being, MIT requires Covid-19 vaccination for all MIT / MIT FCU employees who work in the United States. New employees must receive all doses in the primary series of the Covid-19 vaccine plus one booster (when eligible) before their date of hire. Individuals may request exemption from the vaccine requirement for medical or religious reasons. Learn More.
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