Join the People Helping People

PSCU/Co-op Solutions is now Velera! PSCU and Co-op Solutions became a single entity on January 2, 2024, and our new company name was announced on May 7, 2024. Our new brand represents our combined company’s shared mission and unique ability to drive velocity and positive momentum for credit union success in a new era of financial services.

The Opportunity

The Manager, Finance – Product Profitability is a broad position that requires heavy communication and interaction with all levels of management and employees. The individual must be able to anticipate and identify business trends and unearth business financial issues that challenge profit objectives and be able to analyze, communicate, and drive management action. This requires influencing and leading others to communicate and evaluate opportunities and risks by having the insight and creativity to recommend and drive solutions. The individual will also leverage available staff and other department tools/initiatives to communicate financial progress against targets and evaluate risks/benefits of business proposals. Incumbent must integrate such activity with financial reporting requirements and staff management.

Day in the Life

• Monitor departmental performance to budget and assist EVP’s/SVP’s of all areas in developing financial    strategies to correct or minimize unfavorable budget variances.

• Administer the budget preparation forecast process; create and support necessary financial reporting to achieve department financial goals.

• Manage multiple projects, with ability to assess risk and recommend actions, work in a fast-paced environment and meet deadlines.

• Develop innovative organizational processes and achieve operational efficiencies to create desired business outcomes.

• Collect and analyze data and interpret the impact of short and long term economic trends on the corporation.

• Analyze past, current, and projected future financial performance through trend, ratio and sensitivity analyses.

• Communicate and influence decision-making through analysis and conclusions that direct the development of financial Plans that achieve corporate business plan requirements.

• Participate in Senior Leadership meetings and represent department on projects and subcommittees dealing with global company financial issues, on an as needed basis.

• Product Profitability Actuals & Planning: - Lead company-wide financial planning and forecast process - Develop accurate and timely financial plans/forecasts using knowledge of the business units operational needs - Work closely with senior management as Financial Business Partner providing the business unit with day-to-day financial support - Prepare detail variance analysis (actual results compared to Plan/Forecast) and identifies opportunities and risks and provides recommend course of action - Tracks, prepares and analyzes revenue and cost associated with past, current and future financial performances as well as reports on key performance metrics and trends, providing meaningful commentary and business recommendations - Participates directly in monthly close process and prepares detailed revenue and cost accruals to ensure the accurate reporting of monthly results and to enable client level reporting/evaluation. - Collect, analyze and compile a wide array of company level information for inclusion in reports to be delivered by the CFO and line of business senior management.

• Analysis: - Design and execute analytical models to effectively analyze data and identify trends, performance results, and quantification and validation of risks and opportunities. Combine financial analysis with an understanding of the business to recommend actions that drive management action to achieve the strategic plan and Company objectives. - Partner with stakeholders to validate analyses, solicit input, direction, and deliverable timing to develop desired output and implementation recommendations. - Communicate with stakeholders in a persuasive way that resonates with them by translating complex financial concepts into understandable and actionable recommendations. - Convey results of operational performance to stakeholders and using results of analysis develop recommendations for course corrections or continued success.

• Perform other duties as assigned.

Qualifications

• Bachelor’s degree in Business Administration or related field, or equivalent combination of education and work experience required.

• Master’s or MBA is preferred. 

• Professional Certifications are a plus.

• Advanced working knowledge of Oracle required

• Ten (10) years of diversified bus