VP of Finance at First Entertainment Credit Union
First Entertainment Credit Union · Los Angeles, United States Of America · Hybrid
- Office in Los Angeles
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.
Responsibilities
· 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.
Requirements
· 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.
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