VP of Finance

First Entertainment Credit Union is looking for a VP of Finance who will serve as a key strategic advisor and financial leader to the CFO and senior leadership team. The VP of Finance offers critical financial perspectives and data-driven recommendations necessary to drive operational excellence and sustainable growth. This role will oversee the financial planning, forecasting, asset/liability management, allowance for credit losses, and reporting functions to help meet the company’s growth objectives.

The VP of Finance will collaborate closely with cross-functional teams to ensure understanding and alignment with finance related objectives.  The role will also play a critical role in developing talent, optimizing team performance, and supporting a strong culture of financial discipline, accuracy, and insight.

This is a full-time, hybrid opportunity reporting to the SVP & CFO and is based in Hollywood, CA. The targeted pay for this role in California is between $195k and $245k.

·         Lead the annual budgeting process on on-going forecast updates using ProfitStars, including the maintenance, enhancement, and the optimization of the ProfitStar model, assumptions, and reporting.

·         Lead the analysis for the allowance for credit losses under the CECL methodology.

·         Partner with business leaders to ensure accurate financial inputs, key drivers, and scenario analysis.

·         Provide executive-level insight into budget variances, trends, risks, and opportunities.

·         Serve as primary liaison with the Credit Union’s broker-dealer partner responsible for running the ALM/IRR model.

·         Review challenge, and validate model assumptions, scenarios, and outputs to ensure regulatory and strategic alignment.

·         Develop comprehensive business plans for new initiatives and conduct rigorous financial analysis to evaluate feasibility and potential returns.

·         Prepare, review, and deliver accurate and timely financial reports for the senior executive team (ELT & SLT), ALCO, Finance Committee, and the Board of Directors.

·         Build, mentor and lead a high-performing finance team, fostering a team culture of accountability and operational excellence.

·         Partner with the CFO and ELT to support strategic planning and long-range financial modeling.

At First Entertainment, your role and every role are essential to our Mission [We build lifelong financial relationships with the people in entertainment based on a deep understanding of how they live and work], Core Values [Members First + Ownership + Integrity + Innovation + Inclusivity + One Team], and we expect you to uphold them.

·         Bachelor’s degree in finance, Accounting, Business Administration, or related field is required.  CPA or MBA preferred.

·         Minimum of 10+ years of progressive experience in financial leadership roles within the financial institution space.

·         Strong financial acumen and deep knowledge of financial planning, analysis, and reporting.

·         Knowledge and experience with member, product and branch profitability models.

·         In-depth knowledge of Credit Union products and services, procedures and guidelines, and field of membership requirements.

·         Thorough knowledge of regulations applicable to essential responsibilities.

·         Exceptional analytical skills and ability to translate financial data into actionable insights.

·         Excellent communication and presentation skills, with the ability to effectively engage and influence stakeholders at all levels.

·         Exceptional coaching skills within and across business lines. Proven track record of developing talent at all levels.

·         Exceptional interpersonal and relationship building skills. Ability to secure buy-ins and alignment with stakeholders.

·         Proficient with Microsoft Office software suite with advanced Excel skills.