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 evaluate the risk/return profile of investments and recommend portfolio adjustments

Leadership

• Train, develop and coach Finance staff to continuously improve their knowledge, productivity and effectiveness
• Responsible for driving team performance and engagement by conducting ongoing dialogs with employees, completing staff reviews and partnering on individual development plans to ensure short- and long-term success of the employee and organization.
• Manage projects, tasks and schedules of direct reports
• Manage relationships with Service Account Executives at select vendors and partners to ensure they meet organizational expectations
• Foster collaboration between finance and other business units to ensure alignment with organizational priorities
• Partner with cross-functional teams to identify new initiatives and quantify the financial impact
• Champion the use of data and analytics to support strategic decision-making across functions
• Represent Affinity Plus, the finance & facilities departments & risk management on various committees to share expertise and aid in financial decision making
• Develop succession plans and talent pipelines for key finance team roles to ensure business continuity and long-term organizational success
• Other duties as assigned

Qualifications and Skills:

• 7+ years of experience in hands-on leading a Finance department
• 7+ years of progressive experience in finance, risk management, ALM and/or investments
• Bachelor's in Accounting, Finance or other applicable focus preferred
• CFA designation and/or MBA preferred
• Strong understanding of credit union business and the risk associated with the industry and credit union specific strategies
• Experience with financial modeling and forecasting required, including a strong understanding of ALM, risk management strategies, risk assessment and financial forecasting
• Proven ability to meet deadlines and drive results using multiple sources
• Advanced written, verbal and presentation skills with the ability to present findings to a wide array of audiences
• Flexibility to adapt and succeed in a dynamic environment
• Ability to direct, train, and develop employees to successfully meet role expectations and expertise.
• Subject matter expert on finance
• Advanced level of knowledge analytics and reporting
• Experience building and leveraging AI and ML into financial modeling

Workplace Environment:

• Working in a stationary position for 90% of the workday
• Utilizing the telephone 25% of the day
• Moving, lifting and/or carrying 20 pounds with or without accommodations
• Bending, twisting, kneeling, stooping or crouching when appropriate, on occasion
• Repetitive movements, including but not limited to typing, mousing, phones, etc.
• Requires onsite presence based on coordination of work with other employees and/or departments. May require travel to attend on-site meetings/events for collaboration, connection, project work, All-Employee Day, etc.

Required Work Schedule:

Standard Monday through Friday business hours. Consistent and reliable attendance is a required essential function of this role to meet the needs of the department/team and organization.

Location:

Once initial training and onboarding is completed, this position will have the ability to work mostly virtual with onsite work expected once per month ongoing. Onsite work locations will be either in St. Paul or Roseville.

Compensation:

This position has a starting pay range of $137,300 - $178,450 annually.

In alignment with our commitment to pay transparency, we are providing a good-faith estimate of the pay range for this position. This range reflects what we anticipate offering a successful candidate based on factors such as the role's responsibilities, required qualifications, and relevant experience. The actual pay may vary depending on the selected candidate's skills, experience, and other qualifications.

Total Rewards:

Affinity Plus offers a comprehensive Total Rewards package that goes beyond base pay. In partnership with the State of MN Employer Group, Affinity Plus provides low-cost medical, dental and vision insurance coverage options. Additionally, Affinity Plus frontloads all sick time hours and a portion of vacation hours for all new employees, offers a variety of paid leave options, a monthly wellness benefit, and immediate 401K matching up to 5%. Our Total Rewards philosophy is designed to support your well-being and growth while fostering a fair and inclusive workplace.

Disclaimer

Applicants may be subject to a background and credit check. Employees in this position must be able to satisfactorily perform the essential functions of the position. If requested, Affinity Plus Federal Credit Union will make every effort to provide reasonable accommodations to enable employees with disabilities to perform the position's essential job duties. As markets change and the Organization grows, job descriptions may change over time as requirements and employee skill levels evolve. With this understanding, Affinity Plus Federal Credit Union retains the right to change or assign other duties to this Member Advisor position.

Application Deadline

Affinity Plus Federal Credit Union accepts applications on a rolling basis.