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Co-op services Credit Union SVP, Finance in Clive, Iowa

Company Pandemic Response

Ensuring the health and safety of everyone that works at CO-OP is of primary importance to us. The majority of our organization continues to be in a work-from-home status. This allows for better social distancing practices for those of our employees that do remain in our office locations. We continue to work diligently to maintain everyone’s health and safety by keeping the facilities clean, having everyone screened for temperatures upon entry and providing information about symptoms and what to do if employees feel sick. Our COVID response team has been working tirelessly since March and continues to provide transparent communication around COVID cases and re-entry plans.

The Opportunity

We are seeking a talentedSVP, Financeto be responsible for the ongoing financial performance of the organization, including profitability, strategy execution, capital requirements, budgeting, forecasting and financial reporting. The SVP, Finance is a member of the senior leadership team of the company.

What You Can Look Forward to

  • Set aggressive, yet practical goals for the team with clear objectives regarding measurement, results and accountability of actions.

  • Passion to learn and willingness to teach.

  • Assess and evaluate the team and assure that the highest quality of executives are nurtured, developed and/or recruited.

  • Plan, develop and direct the organization’s fiscal performance.

  • Strategic execution of budgeting, financial modeling, forecasting, P&L and margin management, client pricing and product pricing.

  • Oversight of the finance organization which includes i) financial planning and analysis, ii) client pricing and iii) product pricing and analytics.

  • Work with executive leadership team members to set financial targets for their areas of responsibility.

  • Partner with product leadership to establish business cases and ROIs for new product pricing.

  • Set agendas for Pricing Committee meetings and ensure materials are prepared and reviewed prior to the committee meetings.

  • Drive innovation in the finance organization through process and technology improvements.

  • Be a trusted advisor to executive team members on financial related matters.

  • Lead the review of our financial results and performance against budget. Identify and articulate the big-picture stories reflected in the financial results. Provide analysis and commentary to the CEO.

  • Monthly financial forecasting, including assessment of progress against business plan projections and annual budget.

  • Measure and analyze product profitability and client level profitability.

  • Play a significant role in all strategic and business planning initiatives.

  • Provide counsel to the management team and board of directors regarding financial reporting systems, policies, programs, and procedures.

  • Create and manage all organization’s financial projections and modeling.

  • Work with sales to create forecasting to ensure organizational growth objectives are achieved.

  • Manage the pricing of client contracts and renewals.

  • Develop a capital plan to fund investments.

  • Actively manage staff within finance department, including managers.

  • Responsible for reporting risks that are identified to the appropriate team and/or management. Additionally, responsible for managing, monitoring and reporting risks within the scope of your work area, to include, but not limited to Information Security risks.

  • Actively supports our CO-OP culture and embraces our core values of Work as Partners, Communicate Openly and Honestly, Demonstrate Excellence and Champion Change in all interactions.

What You’ll Need to Succeed

  • Bachelor’s degree from a four-year college or university or equivalent experience.

  • 15+ years’ progressive experience in a senior level finance position with demonstrated leadership.

  • Solid financial analysis aptitude and exceptional problem solving and negotiating skills.

  • Knowledge of finance, budgeting, forecasting, financial reporting, financial analysis, ROIs, KPIs and margin analytics.

  • Experience with P&L and margin management.

  • Deep understanding of automated financial forecasting and reporting systems and the business processes required.

  • Ability to analyze financial data and prepare financial reports, statements, and projections.

  • Working knowledge of short- and long-term budgeting and forecasting, rolling budgets, and product-line profitability analysis.

  • Ability to analyze client level profitability.

  • Excellent verbal and written communication skills.

  • Strong multi-tasking skills and ability to manage a variety of tasks concurrently.

  • Proven record of accomplishments in current and previous positions and outside endeavors.

  • Proven experience of managing large finance organizations.

  • MBA or advanced degree in Accounting, Finance or Business preferred.

  • Work experience with financial technology companies is a plus.

Why Join CO-OP?

CO-OP is committed to fostering a workplace where every employee feels valued, respected, and connected. We are dedicated to understanding, attracting and engaging a diverse workforce; ensuring that our employee base reflects the consumers we serve; cultivating a workplace in which every employee can live up to their full potential. The result of this effort is an inclusive environment where diverse talent thrives. You will be part of an organization that focuses on a strong culture and embodies the credit union movement philosophy of People Helping People. CO-OP’s commitment to reflecting our own core values and purpose extends beyond how we serve our clients and the products that we deliver.

With more than 35 years of industry leadership, CO-OP Financial Services is the largest, most comprehensive credit union service organization in the nation. CO-OP serves as THE credit union technology engine, bringing payments solutions, engagement services and strategic counsel to help credit unions optimize member experiences to consistently provide seamless, personalized multi-channel offerings, while delivering secure, sophisticated fraud mitigation service.

CO-OP serves more than 3,000 client credit unions, with 60 million debit and credit cardholders, nearly 30,000 surcharge-free ATMs and more than 5,600 shared branches nationwide. Our vast technological ecosystem facilitates more than 6.5 billion transactions every year and equips credit unions of all sizes to deepen member engagement and prosper in the fast-paced world of fintech.

The Perks

  • Fun, challenging and, collaborative work environment with passionate colleagues that care deeply about the intersection of technology and human-centered financial services.

  • Great Work/Life Benefits – Paid Time Off (PTO), Maternity, Parental, Family Care, Adoption Leave Programs, Community Volunteer Time Off, and 10 Paid Holidays.

  • Health benefits – medical, dental, & vision plus wellness programs and gym reimbursements.

  • 401K with generous company match.

  • Tuition reimbursement.

    For Colorado Applicants: In accordance with the Colorado Equal Pay for Equal Work Act, the expected salary range for this Colorado position is between $178,000 and $236,000. Actual Pay will be adjusted based on experience and other job-related factors permitted by law.

    This position qualifies for the following benefits; CO-OP Financial offers a competitive Total Rewards package: 401(k) with generous company match, Health, Dental, and Vision Insurance options, Health Savings Account/Flexible Spending Account, Life Insurance, Short- and Long-Term disability benefits, Pregnancy and Parental Leave, Tuition Reimbursement, Paid Time Off (PTO), Paid Holidays, Community Volunteer Time Off, and an Employee Assistance Program.

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Job LocationsUS-IA-Clive | US-TX-Fort Worth

Req No. 2021-8627

Category Executive

Type Full-Time