Verity Credit Union

Seattle, WA

Staff

Lauren Ploskey
laurenp@veritycu.com
(206) 361-5382

12/4/2017

Job Description:

VERITY CREDIT UNION

Chief Financial Officer

DEPARTMENT:  Executive
FACILITY:  Seattle, WA
REPORTS TO:  CEO
DIRECT REPORTS:  3
FLSA STATUS:  Exempt

STARTING SALARY: DOE

 

Verity has been a local member-owned credit union offering a full range of financial products and services to our members since 1933. Verity means truth—and this guides our actions. Honesty may not be the easiest approach, but it is the right one. We will always be genuine and authentic, engaging in truthful interactions for the betterment of our communities, the people there, and their wallets.

Traditionally, banking is more about the increase of short-term profits. At Verity, we are looking at the long-term effects of our decisions and how they impact staff, members, and the communities we serve. Verity understands that a strong community is made up of strong individuals, and a thriving community helps its residents thrive. As individuals we are strong, but as a team, we have the ability to be exceptional. Join our team and be a part of the Verity difference.

 

We Believe. . .

  • Trust is earned each day.
  • Learning is lifelong; it never stops.
  • People come first, before the bottom line.
  • Community engagement propels us forward.
  • Teamwork is the foundation of our success.

 

POSITION SUMMARY

The Chief Financial Officer is responsible for strategic leadership, strategic implementation, and the ability to oversee and ensure the correct filing of reports, perform risk modeling, and the ability to manage the balance sheet, investment portfolio, and budget. This position will also perform the critical important role of recording of value, so it is accurate and indisputable.

The key to success in this position is an understanding of the industry, membership and board needs and the complexity of external factors as well as the ability to present to the board, initiate collaborative dialogue and keeping the CEO and others well informed.

 

ESSENTIAL JOB FUNCTIONS

  • Management of the ongoing budget process in the context of a multi–‐year financial plan.
  • ALM, liquidity modeling and management.
  • Deposit modeling.
  • Investment management, which includes an investment portfolio of MBS, Treasuries, and Agencies.
  • Profit management, which includes the ability to integrate the budget process and balance sheet optimization.
  • Ability to effectively communicate complex issues that support the members of the management team and board in decision–‐making. Coordinate effectively with peers, direct reports and the CEO.
  • Ability to anticipate future needs and translate vision into a realistic, achievable strategy, demonstrating a willingness to take reasonable risks within the policy guidelines.
  • Plan and execute a staff development program.
  • Other duties as assigned.

 

QUALIFICATIONS AND EXPERIENCE

Education and Experience

  • 5 to 7 years as a VP Finance or CFO preceded by 7 to 10 years of evolving relevant experience and expertise strongly preferred
  • Financial institution experience or finance professional with experience in a commercial business that has managed complex businesses strongly preferred
  • Bachelor’s degree in Finance or Accounting required
  • Graduate degree and/or CFA certification preferred

Knowledge, Skills, and Abilities

  • Ability to handle the day–‐to–‐day executive financial responsibilities and be a high performing member of the executive team.
  • Proven expertise in balance sheet management, investment strategies, enterprise risk, profitability and strategic planning.
  • Demonstrated strategic planning and high–‐level visionary and leadership experience.
  • Excellent communication, presentation and interpersonal skills with the ability to partner at all levels of the organization.
  • Solid strategic business acumen and extensive analytical skills with the ability to rapidly assimilate complex information.

 

PHYSICAL CONSIDERATIONS

Verity Credit Union is committed to reasonably accommodating physical aspects of any position. The following are some that are normally encountered in this job:

  • Effectively communicate with diverse personalities and vendors
  • Sitting or standing for long periods of time
  • Working on computers for a long period of time in an office environment

 

Washington is an At-Will Employment State

Your employment is “at will”, meaning you are free to resign at any time, for any reason, with or without notice.  Verity Credit Union is also free to conclude the employment relationship with you at any time, for any reason, with or without notice.

No statement or promise by a credit union representative or board member may be interpreted as a change in the “at will” policy, nor would it constitute an employment or other contractual agreement.


Education/Experience Required:

  • Bachelor’s degree in Finance or Accounting required
  • Graduate degree and/or CFA certification preferred