Keesler Federal Credit Union Looking for 4481 Vice President of Finance at Biloxi, MS Full Time

KEESLER FEDERAL CREDIT UNION is seeking to select a VICE PRESIDENT OF FINANCE to join our TEAM!

Do you thrive in an environment where you are surrounded by a team that is driven, dedicated and authentic?

Do you think of advancing your career while being able to make a positive impact?

Are you ready to join a team that will celebrate your accomplishments and hold you up when you need support?

CAREER OPPORTUNITY SUMMARY

Keesler Federal Credit Union is seeking YOU… an experienced strategic leader with an established forward-focused outlook to join our team as the Vice President of Finance. You will be an integral member of the Executive Management Team and report directly to the CFO. You will have membership at the board level committee – Asset Liability Committee (ALCO), and regularly engage with the senior leadership and the board.

ONE TEAM PHILOSOPHY

We are a diverse and inclusive company with over 800 team members. Our CEO will be the first to tell you….” Here at Keesler Federal Credit Union, we are ONE TEAM, committed to excellence.” The Keesler Federal Credit Union team has over 75 years of service to over 300,000 members worldwide. We are the largest credit union in Mississippi, with over $4 billion in assets. Keesler Federal Credit Union has received the honor of Mississippi’s Top Rated Credit Union 4 years in a row by Forbes Magazine. We have 39 full–service branch locations covering MS, LA, AL, and three RAF base locations in the United Kingdom.

THE SECRET COAST

The beautiful Mississippi Gulf Coast, also known as “The Secret Coast,” is 26 miles of sugar-white beaches surrounded by unique coastal communities. We are a cultural melting pot that takes pride in our genuine hospitality and warm welcomes. A cornerstone of the community is the mouth-watering expertly prepared cuisine, from fresh gulf seafood to surprising international delights. Now, if that isn’t enough, there are a variety of attractions such as museums, festivals, world-class gaming, and championship golf courses. Boating, kayaking, fishing, and hiking are just a few of the options for outdoor adventures, and if you’re in the mood for a quick weekend getaway, we are a short drive to New Orleans or coastal destinations in Alabama & Florida; the choice is yours.

Compensation
An excellent competitive compensation package will be offered to the selected candidate.

Keesler Federal Credit Union team members enjoy competitive salaries and a wide range of benefits, some of which include:

• Medical, dental, and vision insurance
• Section 125 Flexible Spending Accounts for Health Care and Dependent Care expenses
• Employee and Dependent Life Insurance
• 401(k) Retirement Plan with 100% match on the first 5% contributed by you
• Paid Leave
• Tuition Reimbursement
• Short Term & Long Term Disability Benefits

Position: Vice President – Finance / Treasurer

Department: Finance

Reports To: Chief Financial Officer (CFO)

FLSA: Exempt

SUMMARY

This senior leader will provide leadership to the organization from the Finance area, and will oversee all activities related to balance sheet, Financial Planning & Analysis (FP&A), Treasury and Asset Liability Management (ALM). The role has full discretion to implement and find solutions to unique and challenging problems in managing the balance sheet. The incumbent interacts with the CFO and the senior leadership on a daily basis to help support the tactical and strategic direction. The VP will have membership at the board level committee – Asset Liability Committee (ALCO), and regularly engage with the senior leadership and the board.

Responsibilities include profitability, Asset Liability Management (ALM), cash/treasury management, expense management, budgeting and forecasting, loan/deposit pricing, and balance sheet management.

SUPERVISORY RESPONSIBILITIES

Directly supervises the Finance department, including interviewing, selecting, hiring, and training employees; planning, assigning, and directing work; evaluating performance; rewarding, coaching, counseling, and disciplining employees; addressing complaints and resolving problems; recommending employees for promotion, transfer, and termination. This position is a member of the Senior Management (Executive/VP leadership) team that promotes quality service and supports our membership and internal customers.

ESSENTIAL FUNCTIONS

• Oversees and supervises the Finance department staff.
• Supports full engagement & execution on all strategic business development initiatives.
• Oversees ALM and treasury functions. This includes reviewing and analyzing third-party ALM reports, developing stress testing scenarios and sensitivity analysis, and providing recommendations to the Asset/Liability Management Committee (I-ALCO/ALCO) for interest rate risk management and mitigation.
• Responsible for managing liquidity risk through cash-flow projections, sources/uses of liquidity and anticipating borrowing needs. This includes managing liquidity levels to policy limits and stress testing for contingency situations.
• Responsible for the pricing function for loans and deposits. This includes risk-adjusted return metrics on loans and marginal cost of funds analysis for deposits.
• Supports the CFO in the overall balance sheet management through pricing of loans/deposits, evaluating investments, maximizing use of cash, streamlining balance sheet mix and other ad-hoc financial analysis.
• Leads strategy development on improving margins through efficient use of wholesale markets (participation loans/brokered deposits/FHLB borrowings) and evaluates retain vs. loan sale decisions on the balance sheet.
• Responsible for the maintenance and management of the Axiom profitability system.
• Responsible for managing/measuring profitability at the organization, product, channel and member level, including FTP (Funds Transfer Pricing) calculation for loans and deposits, utilizing the Axiom system.
• Leads the preparation and review of the annual operating and capital budgets. This includes reviewing all budget assumptions, ensuring timely information from the various department leads, incorporating loan/deposit growth projections through new volume and pay-down analysis, evaluating trends on non-interest income/expense items and executive presentations.
• Responsible for measuring and monitoring credit risk at the portfolio level, including CECL model maintenance, support and integrity. Incumbent will be part of the Asset Quality Committee responsible for credit risk management.
• Leads the enhancement and streamlining of financial management reporting efforts.
• Supports investment (bond) portfolio and safekeeping relationships, including collateral management at the FHLB.
• Coordinates with the NCUA as to any aspect of the annual regulatory examination.
• Responsible for internal and external audits, NCUA examinations and compliance issues related to the Finance department. Recommends and communicates compliance and/or corrective actions as needed.
• Monitors and regularly evaluates revisions required for policies and internal controls related to the Finance department to assure proper compliance and review cadence.
• Assists the CFO in preparation of I-ALCO and ALCO packets.
• Ensures proper staffing levels are maintained within the Finance department.
• Supports the preparation of financial and statistical reports, including inputs to the NCUA CALL report and other internal reporting.
• Coordinates data files to ALM providers.
• Attends senior management meetings and other managerial and employee meetings and serves as a member of the Senior Leadership team.
• Participates in strategic planning as a member of the Senior Leadership team.
• Participates in all required training and development courses, including DiSC techniques.
• Lead and mentor a diverse team of managers and analysts, conduct formal and informal performance and compensation reviews, set goals, set priorities and ensure appropriate training and development efforts are in place.

Other Duties and Responsibilities :

• Assists in training new personnel and overseeing the cross-training of Finance department staff to maintain backup in all positions.
• Provides financial performance information to management and/or other departments, as needed.
• Other duties as may be assigned by the CFO.
• Participates in the I-ALCO (Internal-ALCO), ALCO, ERM, and Asset Quality team meetings.

KNOWLEDGE, SKILLS & QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:

• Bachelor’s Degree in Finance, Accounting, Statistics, Economics, Engineering or a related field from a 4 year college or university required.
• Master’s Degree in the above-mentioned field required or a certification in lieu of a master’s degree: Chartered Financial Analyst (CFA) or Financial Risk Management (FRM) designation.

Experience and Other Requirements:

• 10+ years of experience in asset/liability management (ALM), financial planning and analysis, balance sheet management, credit and/or treasury management functions within a financial institution.
• Experience managing loans and deposits pricing, interest rate/market risk, liquidity risk management, credit risk, capital management, budgeting and profitability is required.
• Very strong financial systems knowledge, preferably with previous experience using balance sheet management systems such as ZMdesk or QRM.
• Experience interfacing with the CFO, CEO and other senior leaders to provide regular insights and updates on status of balance sheet related activities, including interest rate risk, liquidity and funding, capital, securities/loan investments and overall balance sheet management.
• Strong experience with management of regulatory relationships and presenting at senior management and board committees including ALCO and executive committees.
• Must have excellent leadership, interpersonal, teamwork, and management skills. Ability to establish and maintain effective working relationships across all levels in the organization is a must.
• Very strong communication skills, both verbal and written, with the ability to tailor and deliver messages at various levels within the organization.
• Demonstrated ability to take initiative and self-motivated; strong organizational, analytical and problem solving skills with ability to make sound decisions.
• Experience in or knowledge of financial institution products, services, and records preferred.

Computer Skills:

• Extensive use of personal PC required, with working knowledge of Microsoft applications, including Word and Excel.
• Must possess strong core banking computer skills
• Must be proficient in use of internet and e-mail.

Interpersonal Skills:

A significant level of trust and diplomacy is required in addition to normal courtesy and tact. Work involves extensive personal contact with others and is usually of a personal or sensitive nature. Work may involve motivating, influencing or training others. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.

The incumbent will be required to create a team environment in Finance that embraces Keesler Federal Credit Union’s Organization Values of Trust, Teamwork, Respect, Integrity, Communication, Loyalty, and Quality.

Certificates, Licenses and Registrations:

CFA or FRM designation preferred; see Education requirements above.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit, stand, walk; talk and hear; use hands to handle or feel objects, tools or controls; and reach with hands and arms. The employee is occasionally required to stoop, kneel, crouch or crawl and lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, and the ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Extensive use of personal computer is required. The noise level in the work environment is usually that of a normal office environment.

DECLARATION

The Human Resources Department retains the sole rights and discretion to make changes to this job description.