Levo is a growing credit union in the Midwest dedicated to improving the lives of our members and helping them reach their personal finance goals. We seek a VP of Finance to oversee and direct the activities of the Accounting and Payments team and, as a part of the Executive Team, collaborate in developing and implementing the strategic plan by providing timely and accurate financial and payment information to help drive effective decision-making. This role reports directly to the President/CEO.

Being a part of Levo means being a part of an organization where people matter - not just their money. What we do daily makes a difference in the lives of others and the community we love: offering financial tools and services that fit modern life, providing expert advice, and listening and helping members chart their next step.

The best thing an employer can do is give you the support you need to succeed. Working for Levo allows you to develop personally, professionally, and financially in an inviting, friendly, and fun environment. Excellent benefits include health, vision, dental, paid time off, paid holidays and great daytime hours, pension plan, 401(k) option, volunteer hours, and many more!

VP of Finance Essential Duties and Responsibilities

include the following:

• Develop, implement, and communicate the strategic direction and goals for the Accounting and Payments departments, which support the credit union's overall strategic direction and goals while ensuring strict compliance with generally acceptable accounting principles and applicable regulatory directives.
• Create and direct the accurate and timely preparation and submission of various financial statements, financial analyses, forecasting, board reports, liquidity reports, regulatory reports, and various other financial reports.
• Direct accounting and bookkeeping functions of the credit union, including AP, AR, GL setup, reconciliations, subsidiary ledgers, fixed asset maintenance, and all other related functions.
• Execute and oversee the asset/liability management process, including interest rate risk, liquidity risk, and equity measurement. Monitor, test, and report the ALM position and lead the Asset Liability Committee presentations and meetings.
• Develop and execute an investment strategy that aligns with the overall balance sheet and liquidity strategies, including analyzing potential investments, monitoring the current portfolio, and overseeing bond accounting and investment reporting.
• Create and coordinate the budget process, ongoing reporting, and variance tracking for the credit union's overall annual budget.
• Responsible for the credit unions allowance for loan loss measurement process and resources, ensuring credit loss reserves are appropriately established under GAAP and other regulatory guidance.
• Provide strategic recommendations regarding all payment systems the credit union utilizes and coordinate efforts to identify requirements, thoroughly test and implement changes.
• Develop, implement, and evaluate policies and procedures for the Accounting and Payments Department. Ensure that policies and procedures reflect current regulations and that the accounting procedures are in strict compliance with generally accepted accounting principles (GAAP).
• Monitor cost control activities. Approve and implement cost control strategies on an as-needed basis.
• Participate in determining and recommending deposit and loan rates.

VP of Finance Specific Competencies

:

The ideal individual will be a strategic thinker with excellent business acumen and ethics. Must demonstrate ability to support change management, lead direct and indirect teams, and possess workforce management skills. Committed to supporting our community and developing relationships. Possess expert-level analytical and presentation skills.

VP of Finance Supervisory Responsibilities

:

Directly supervises the AVP Accounting and Payments and indirectly supervises the Accounting and Payments teams. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

VP of Finance Education and Experience

:

Master's degree in Finance, Accounting, or an equivalent and a minimum of 8 years of related experience and training; or equivalent combination of education and experience.

VP of Finance Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

*VP of Finance Communication and Language Skills: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, cu *