The VP of Finance oversees Finance and Secondary Marketing. The VP of Finance is responsible for compliance with NCUA regulations, Corporate Policies, and internal controls. This position is also responsible for branch, product, and other profitability reports; coordinating daily operations of finance functions, including recurring and ad hoc analytical support and the operation, development, and maintenance of Finance systems; cash management, financial forecasting, and preparation of the annual budget; overseeing secondary marketing activities and ensuring those activities are aligned with liquidity and interest rate risk management objectives as well as income objectives and ensuring the implementation and usage of technologies and methodologies in finance, which affect strategic decisions impacting Asset Liability Management (ALM) and profitability.

The annual pay range for this position is $162,173.85 - $259,478.15 depending on experience, skills, education and internal equity.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Conducts quarterly simulations (internal) and 3 or more semi-annual stressed scenarios as well as semi-annual simulations.
• Conducts Model Validation and analysis for long-range planning and strategy.
• Works with management to develop assumptions in order to conduct business projections and ALM analysis and make recommendations to ensure interest rate risk is within policy limits.
• Participates in the development of policy limits, including concentration risk limits, interest rate risk limits and any other limits required by management and/or the NCUA. Responsible for tracking and reporting compliance with these policy limits.
• Responsible for ALCO Reporting and Analysis i.e.., for loan origination, prepayments, new business margins, and MMA and CP profitability trends and rate surveys.
• Prepares ALM assumptions, results, alternate scenarios, and recommendations.
• Conducts Yield Curve discussions (budget, current, forward, comparisons/implications)
• In charge of overseeing daily borrowing activities and reporting to ALCO.
• Managing cash, including compliance with liquidity policies and projections of liquidity.
• In charge of relationship pricing (RR) analysis, suggestions, and executions.
• Accountable for ATM Functionality & Profitability Analysis and Funds Transfer Pricing.
• Ad hoc financial analysis (new products, services, fees, rates, initiatives), quarterly net worth target calculation/maintenance, branch deployment analysis, including pro-formas and payback periods.
• Provides financial reports to management as requested. Identifies the cost and earning contributions of all products, services, and channels, such as ATMs and branches.
• Participates in product and relationship pricing decisions, which impact the company's growth and profitability.
• Researches and implements new or enhanced financial applications, such as accounting, profitability and budgeting systems.
• Participates in various committees that may require financial analysis or are charged with developing recommendations that have a significant impact on earnings.
• Conducts special analyses and cost studies. Prepares reports detailing results of research conducted.
• Ensure ALM/IRR, Investment, and Liquidity policies are aligned and in compliance with regulatory agencies and Logix policy.
• Assists in the development of plans, procedures, and reporting systems for proper financial control of the Credit Union.
• Manage Secondary Marking activities including mortgage pricing/profitability, vendor management, securitizing & maintenance of MBS sales triggers and analysis and activity reporting.
• Maintains a smoothly functioning division that meets and demonstrates compliance with standards set by all regulatory agencies.
• Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

QUALIFICATIONS (Education, Experience, Knowledge, Skills & Ability):

• Must be a CPA or have an MBA or Master's degree in a relevant field & 10 years of accounting and finance experience with at least 3 years of financial institution
• Must have at a minimum 5 years of supervisory
• Must also have a thorough working knowledge of the Microsoft suite of office products, and

General Ledger and other financial systems a plus.

Must also demonstrate conduct consistent with our Corporate Values:

• Practice open Communication with all levels;
• Be Accountable by taking ownership of customer issues and responsibility for one's actions;
• Foster Teamwork by cooperating and collaborating with other employees;
• Seek ways to make the workplace Fun for oneself & others;
• Conduct oneself with Integrity by being honest, trustworthy and ethical in all work activities and interactions;
• Work with a Service Orientation by having a genuine concern for the needs of one's customers and by being friendly, professional and following through on commitments; and
• Demonstrate Humility in all interactions and remember to leave one's ego at the door when one arrives to work.

Logix Federal Credit Union is an equal opportunity employer that does not discriminate in employment opportunities or practices on the basis of race, religion, color, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other status protected by law.