VP, Finance

Space Coast Credit Union (SCCU), the 3rd largest credit union in Florida, is looking for a Vice President of Finance to join our ONESCCU team at our Miramar Operations Center location! SCCU has been in business for over 70 years, has over 8 billion dollars in assets and WE ARE GROWING!

Our Members are our top priority and we stand behind our Brand Promise: Honest People, Trusted Products, Time Valued. We offer a rich benefits package and career advancement opportunities.

SCCU Team Member Benefits:

• Annual Bonus opportunity available!
• Medical, Dental & Vision Insurance
• HSA (Health Savings Account) with SCCU matching contribution
• SCCU Paid Long Term and Short Term Disability coverage
• SCCU Paid Term Life Insurance
• Employee Assistance Program (EAP)
• Paid Time Off
• 401(K) Pre-Tax Savings Plan with SCCU match- 100% of the first 5% of employee contributions
• Tuition Reimbursement Program
• …..and more!

VP, Finance Responsibilities:

• Implement and execute financial and ALM strategies and analysis to manage income, expense, balance sheet risk exposures, and capital for long-term sustainability and growth in support of management decisions and the strategic business plan.
• Responsible for ongoing cash flow analysis to manage and monitor daily cash positioning and cash operational activities, cash flow projections and forecasts.  Identifies surplus cash balances for investments and ensures adequate daily liquidity.
• Directs and executes portfolio investment and hedging strategies based on current marketing conditions and forecasted cash flow positions to maximize investment performance while managing investment and balance sheet risk.
• Directs the credit union’s loan sales and related capital market activities, such as asset-backed securitizations (ABS), loan participations and mortgage sales to the secondary market and pipeline hedging program.
• Responsible for a variety of management, Committee and Board reporting which must be timely, accurate and in compliance with credit union policies, regulatory guidelines and Generally Accepted Accounting Principles (GAAP).  This includes monthly, quarterly, annual and ad hoc reporting, the annual credit union budget and quarterly profitability reporting.
• Responsible for ALM and liquidity key assumptions to ensure information is current, assumptions are supported by appropriate analysis and programs meet standards of outside evaluations such as regulatory examinations and audits.  This includes periodic model and assumption validations related to ALM and liquidity management.
• Directs external funding/borrowing sources and maintains collateral accounts with FHLB, FRB, and other counterparties.
• Reviews and recommends changes to investment, liquidity and contingency funding, ALM, and derivative policies and practices.

VP, Finance Qualifications:

• Bachelor’s degree in finance, economics, accounting, or a related business field is required, Masters degree is preferred.
• CPA, CFA, CMA, FPAC, CTP, or other similar designation is preferred.
• 8 -10 years of similar or related financial experience is required, preferably in a financial institution.