Great Lakes Credit Union Hiring for Sr Manager, Finance Job at Bannockburn, IL Full Time

Great Lakes Credit Union is Hiring GREAT people for our GREAT team!
Do you enjoy being an integral part of a service driven team?
WE WANT YOU ON OUR TEAM!

The primary purpose of our Sr Finance Manager is to assist Great Lakes Credit Union to live out our vision, “To be the members’ trusted financial partner”.

As the Sr Finance Manager, you will be responsible for developing, recommending, and executing credit union’s balance sheet strategies to maximize earnings consistent with Board policy and liquidity needs of the credit union. Ensure that the needs of GLCU are met in providing quality services to its members. Ensure compliance with applicable laws, rules, and regulations pertaining to GLCU. In this position you will be responsible for developing staff to enhance accuracy, timeliness, and service of the Finance department. Also responsible for maintaining a work environment conducive to teamwork and a high level of performance and productivity, which includes demonstrating and encouraging positive working relationships which promotes member service.

As a Sr Finance Manager your duties will include:

• Ensure that employees have the necessary tools, materials, and training to successfully perform in their positions. Assigns work and reviews, observes and/or audits work to assess department and employee performance. Coach employees on a regular basis to ensure they clearly understand the performance standards for their position, and understand whether they are meeting these standards. Take all appropriate actions to ensure performance expectations are meet or exceeded.
• Ensure that employees remain in compliance with all applicable federal and state laws, rules and regulations. Ensure that employees adhere to all GLCU and department guidelines, policies and procedures.
• Develop and maintain department budget, monitors expenditures to ensure budget is used to maximize efficiency of the department.
• Develop a diversified Investment Plan consistent with the long-term objectives and risk parameters of senior management and the Board of Directors to maximize returns while ensuring safety and liquidity of funds.
• Assess current economic outlook, financial markets, liquidity needs, and asset-liability objectives to develop and recommend balance sheet strategies to senior management.
• Analyzes investment opportunities using Bloomberg, critical analytical skills, and evaluate the relative value of each investment to the alternatives available in the market and to implement the agreed upon strategies.
• Serve as GLCU’s contact with brokerage community with regard to selection of securities and evaluation of broker services and other investment related communications.
• Evaluate models and tools developed by brokerage firms for balance sheet management.
• Document investment policies, strategies, and decisions to ensure compliance with regulatory and auditor standards.
• Develop models to forecast cash balances and tracks actual cash available on a daily basis to maximize returns while ensuring adequate liquidity fund the daily operations of GLCU.
• Ensure that the CFO and Pricing Committee are informed of potential liquidity shortfalls with timely notice before they occur.
• Develop procedures and reports for the management of daily cash position between four financial institution, monitors daily administration on a dotted-line basis, and assists in the training and development of Accounting staff executing daily functions.
• Provide reports and information essential to senior management, accounting, auditors, and regulators for reporting and oversight functions of investment assets.
• Serve as credit union resource for economic and interest rate forecasts, providing relevant information to other areas of GLCU management.
• Monitor changes in regulatory or legal requirements, which impact the operation of investment activities.

Requirements:

• Bachelor’s Degree in Finance, preferred.
• 5 to 8 years of experience in a similar role.
• Strong communication, leading skills, and organizational skills.
• Results driven and member service focused.

We’re the total package! We offer GREAT benefits!
Great Lakes Credit Union is proud to be an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.