Director of Finance

Position Overview:

The Director of Finance at Affinity Plus is a senior leadership position with responsibility for tactical and operational finance including, financial planning and analysis, budgeting, profitability measurement and balance sheet, investment and derivative strategies. Reporting to the VP of Finance and Enterprise Risk, this role provides forward-looking financial modeling, ALM reporting, liquidity management and investment strategies. The Director of Finance partners cross-functionally to provide actionable insights, support enterprise decision-making, and leads a high-performing finance team while continuously evolving the organization’s financial systems, tools and analytic capabilities.

 

Duties and Responsibilities:

Financial Performance and Analysis

• Lead the financial planning, budgeting and forecasting processes while integrating input from multiple departments across the credit union
• Lead the creation and maintenance of financial models to support strategic decisions, investment evaluations, budgeting, forecasting and long-term planning
• Lead and participate in the analysis of financial data, performance metrics and industry trends to identify opportunities, variances and risks
• Analyze performance metrics and key performance indicators (KPIs) to develop insights that assist in making informed decisions and drive the financial health and outlook of the credit union
• Develop key financial sensitivities and scenario analysis to help navigate evolving market conditions and challenges
• Evaluate and optimize capital structure, financing strategies, and investment opportunities to drive strategic initiatives and support growth capacity. 
• Translate complex financial data into clear, actionable insights for senior management and the board of directors
• Manage & continuously improve the preparation of financial reports, budgets and forecasts 
• Lead the enhancement of financial systems, planning platforms and analytics tools to improve forecasting accuracy, efficiency and decision-making capabilities

 

Profitability and Performance Analysis

• Lead the creation and maintenance of profitability and performance analysis across products, member, branch and channels;, leveraging data to provide clear actionable recommendations to business line and senior leadership
• Partner with operational leaders to identify key business drivers and track relevant KPIs, implementing dashboards, scorecards, and data visualizations
• Oversee funds transfer pricing (FTP) and ALM modeling in coordination with finance staff and external ALM consultants
• Provide actionable insights to support pricing, business line expansion and cost optimization
• Create dashboards and financial reports for senior leadership and Board review

 

Balance Sheet Management

• Monitor, optimize and stress test the credit union’s balance sheet structure, including liquidity, capital adequacy and interest rate risk
• Manage external funding relationships, including the Federal Home Loan Bank, Federal Reserve Bank, NCUA Central Liquidity Facility and Brokered Deposits
• Lead the ALCO reporting process, preparing materials, conducting analysis and identifying and recommending asset-liability management strategies
• Partner with third-party vendors to design asset liability strategies as well as scenarios and stress testing that align with the strategic objectives of the credit union
• Represent the finance department on the ALCO Sub-Committee for ALM and Investments meetings
• Research and evaluate alternative options, including loan participation purchases and sales, investments, loan initiatives and other key strategies being considered by the credit union.
• Support the ongoing maintenance and optimization of policies and procedures governing the credit union’s ALM, Liquidity and Investment practices

 

Investments and Derivatives

• Manage Board and ALCO reporting as well as transaction management requirements of the credit union’s investment portfolio including completion of pre-purchase due diligence as well as coordination between brokers, custodians and internal accounting personnel to ensure timely and accurate settlement and recording
• In partnership  with the ALCO Sub-Committee for ALM and Investments, continually assess and refine the investment strategy to ensure optimal alignment with stated portfolio objectives.
• Assist with the development and implementation of strategies to manage interest rate risk through permissible derivatives, ensuring full compliance with NCUA Part 703 and internal policies and procedures
• Regularly evaluat