Senior Vice President (SVP) of Finance and Accounting

Description

NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID. Please note that we are exclusively considering applicants residing in the District of Columbia, Maryland, or Virginia for all open positions.

Join Lafayette Federal Credit Union, a proud recipient of USA Today's Top Workplaces of 2024 award! 

We are expanding and looking for exceptional talent to support our members and contribute to our reputation as an employer of choice. Be a key player in our mission to become the premier financial partner for our community. Your skills and dedication are essential to our success. 

• Are you ready to lead the financial strategy of a member-focused credit union?
• Do you have a proven track record of optimizing financial performance in the financial services industry?
• Can you transform complex financial data into actionable insights that drive decision-making? 
• Do you thrive in a collaborative environment where your financial expertise can shape the future of our credit union? 

If so, then Lafayette Federal may have the perfect opportunity for you! We are currently seeking a SVP of Finance and Accounting to join our dynamic team! 

About us:

Our Difference: What makes Lafayette Federal cutting-edge? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by (1) Newsweek’s America’s Best Bank’s list, (2) we’ve received a 5-star rating from Bauer financial, and (3) we’ve also ranked #12 in S&P Global’ s Top Performing Credit Union’s in 2022 for the second year in a row!

Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community. 

Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry.

About the role:

We are currently seeking a SVP of Finance and Accounting who in conjunction with the CFO, prepares financial and ALCO reports including annual plan and operating budgets. Ensures complete, accurate, and timely completion of financial and accounting records for the credit union and prepares analysis of operations for management. Manages the credit union's ACH, share drafts, IRA and Check 21 functions and ensures compliance with applicable laws and regulations.

Requirements

A day in the life of the Senior Vice President of Finance and Accounting will include:

• Overseeing the Credit Union's Finance, Accounting, and Financial Operations, leading financial strategy and complex financial data.
• Managing the financial reporting functions, including but not limited to regular monthly financial package, ALM report package, etc. Fulfilling finance-related ad hoc projects assigned by the CFO and President/CEO.
• Managing the ACH, share drafts, IRAs and Check 21 functions and ensures the credit union's compliance with all applicable laws and regulations. Ensuring a trained, motivated and professional staff capable of providing efficient and effective services to the Credit Union's members. Interviewing, scheduling, training, assigning work, establishing performance expectations and monitoring results. Recommending the discipline and/or discharge of subordinates, while maintaining required personnel documentation.
• Maintaining all analyses regarding Asset Liability Management (ALM) to include monitoring the concentration of the portfolio, credit risk analysis, interest rate risk analysis, liquidity rate risk analysis, price risk analysis and other areas to ensure the safety and soundness of operations. Making recommendations to the CFO regarding loan sales, MDPA analysis and other cash management objectives including borrowing strategies and discussions regarding current economic and market conditions. In accordance with ALM and budgetary functions, being responsible for using various models and methodologies and performing complex and sophisticated financial analysis functions including rate of return, depreciation, working capital, return on investment, budget variance, expense review and business unit and/or corporate performance analyses. De