VP of Finance & ALM Strategy

Nacba; Charlotte (NC); Hybrid; USD 162,000 - 198,000; Full time

Job summary

Skyla, located in Charlotte, NC, seeks a VP of Finance and Accounting to lead GAAP accounting, ALM, and financial reporting. You will oversee budgeting, forecasting, tax coordination, and internal controls while guiding modernization and talent development within the Finance/ALM teams.

This executive role reports to the CFO and sits on the Senior Leadership Team, ensuring regulatory compliance and strategic financial planning.

Qualifications

• Bachelor’s degree in Finance, Accounting or related field.
• 10+ years of progressive financial leadership experience in a financial institution.
• Expert knowledge of ALM, liquidity management and regulatory requirements.
• GAAP-based financial reporting and internal controls oversight.

Responsibilities

• Lead GAAP accounting, financial reporting, and internal controls.
• Oversee ALM, liquidity management, and regulatory examinations readiness.
• Prepare financial forecasts, budgets (including large multi-year plans) and analysis for management and Board.
• Guide modernization of accounting systems and processes, including AI/ML opportunities.
• Direct the finance team and provide strategic input to CFO and Senior Leadership.
• Ensure compliance with applicable regulations and regulatory bodies.

Skills

GAAP accounting

ALM

Liquidity management

Regulatory knowledge

Leadership

Communication

Financial systems

Forecasting

Budgeting

Derivatives oversight

Education

Bachelor’s degree in Finance/Accounting

MBA/CPA/CFA preferred

Tools

Microsoft 365

ALM modeling tools

Data analytics platforms

Job description

TITLE: VP of Finance and Accounting

Location:3700 South Blvd. Suite 400 Charlotte, NC 28209

CLASSIFICATION:Exempt

DEPARTMENT: Accounting

JOB GRADE:17

REPORTS TO:Chief Financial Officer

primary functions:

Reporting to the Chief Financial Officer, the Vice President of Finance and Accounting leads Skyla’s accounting, finance, and asset/liability management (ALM) functions. This role oversees GAAP-based accounting, financial reporting, and internal controls directed day-to-day through the Accounting Manager along with budgeting, forecasting, ALM, liquidity, concentration risk, and the derivatives program. The VP serves as the primary liaison for regulatory examinations across both functions, leads key financial committees, and ensures accounting and financial strategies advance the credit union’s safety, soundness, and member value.

responsibilities:

1. Lead the enterprise accounting function, ensuring GAAP compliance and accurate, timely, well-controlledcompletion of month-end and annual close, general ledger activity, account reconciliations, accounts payable, fixed assets, and employee expense reimbursement. Direct this work day-to-day through the Accounting Manager, reviewing escalated reconciliation or posting issues and resolving exceptions as needed.
2. Establish, maintain, and enforce accounting policies, close governance, reconciliation standards, general ledger ownership, documentation expectations, and internal control frameworks that protect the integrity of financial data and Credit Union assets.
3. Direct all accounting oversight, financial reporting, and financial analysis for the Credit Union and its Credit Union Service Organizations (CUSOs), ensuring accuracy, compliance, and timely reporting.
4. Prepare and deliver Board and management financial reporting packages.
5. Lead audit readiness and external audit support, including preparation and review of audit schedules, accounting documentation, and control evidence, and serve as a point of contact for internal auditors, external auditors, and NCUA examiners on accounting-related examinations, responding appropriately to exceptions and recommendations.
6. Oversee tax compliance support and tax accounting coordination, including collaboration with external tax advisors as appropriate.
7. Drive modernization of accounting systems, workflows, close processes, and reconciliation tools, including exploration of Artificial Intelligence and machine learning techniques, to improve scalability, efficiency, and control effectiveness.
8. Direct the finance team and overall finance function, serving as an integral member of the Senior Leadership Team and advising the CFO and Executive/Senior Management on financial planning, budgeting, cash flow, investment priorities, and policy matters.
9. Ensure compliance with applicable NCUA regulations and other regulatory requirements pertaining to finance and ALM, serving as the primary point of contact for NCUA examiners during examinations for items pertaining to budgeting, forecasts, liquidity, and asset & liability management.
10. Direct ALM simulation, modeling, and ongoing monitoring efforts, evaluating results relative to board-approved policy limits and parameters, including scenario and sensitivity testing to guide business decisions.
11. Direct the preparation of financial forecasts, the annual $130M+ budget, including monitoring and ongoing budget/actual performance analysis, and financial reporting for executive management and the Board.
12. Oversee cost center accounting and profitability feedback and analysis, including branch profitability, product profitability, and peer performance analysis, providing feedback to senior management and business units to inform strategic decisions.
13. Oversee on- and off-balance sheet liquidity sources, including primary and secondary liquidity, investment portfolio management, and relationships with liquidity vendors such as the Federal Home Loan Bank and non-maturity deposit outlets, and monitor concentration risk across loan, investment, and deposit portfolios.
14. Provide oversight of the credit union's derivatives program, ensuring compliance with regulatory expectations, effective risk management, and ongoing analysis for margin protection, including periodic education to the board and ALCO as prescribed by regulations and policy.
15. Lead Rate Committee discussions and oversee the development of monthly ALCO meetings, making loan and deposit pricing recommendations under the direction of the CFO in consideration of the credit union's ALM framework, earnings structure, net interest margin, and marketplace competitiveness.
16. Direct the recruitment, development, training, coaching, and performance management of team members across the Accounting and Finance/ALM functions, including talent development and succession planning to ensure continuity of leadership.
17. Comply with all Federal regulations, Credit Union policies and procedures, including Bank Secrecy and the USA Patriot Act.
18. Perform job duties in accordance with the Credit Union's values, mission and vision.
19. All other duties as assigned.

minimum requirements:

1. Bachelor’s degree in Finance, Accounting, or related field required; MBA, CPA, or CFA strongly preferred.
2. 10+ years of progressive financial leadership experience in a credit union, bank, or other financial institution, including direct experience with accounting operations and GAAP-based financial reporting.
3. Expert knowledge of ALM, liquidity management, financial oversight, and regulatory requirements.
4. Working knowledge of GAAP, internal controls, and general ledger/accounting operations sufficient to direct an Accounting Manager and accounting staff.
5. Direct experience with financial forecasting, multi-million-dollar operating budgets, and derivatives program oversight for interest rate risk management.
6. Direct experience serving as a primary liaison for NCUA examinations (or examinations by a comparable federal financial regulator) and CPA audits.
7. Track record of leading or actively contributing to executive committees such as ALCO and Rate Committee.
8. Strong leadership, communication, and presentation skills, with ability to influence at all levels.
9. Proficiency with financial systems, ALM modeling tools, data analytics platforms, and Microsoft 365.