Senior Vice President, Chief Financial Officer

Harvard University
Cambridge, Massachusetts, United States
USD 40.00
16 Sep 2020
17 Sep 2020
Job role
Job Summary

The Harvard University Employees Credit Union (HUECU) is one of the fastest growing Credit Unions in the country and a leader in our industry. As a not for profit cooperative, we put our members' best interests first in all that we do. We are passionate about service and fanatical about solving problems. Integrity and transparency are the foundation of HUECU's philosophy. Our mission is to enhance our members' lives by developing and offering trustworthy products that are easy to understand, easy to use and best suited to meet their financial needs.

HUECU has a dynamic small-business atmosphere where every member of the team has a significant impact on our success. Our headquarters and flagship branch are located in the heart of Harvard Square. This is an executive role reporting to the CEO. As a member of the six-person Senior Leadership team you will lead the business, as the key adviser on all financial matters, and participate in creating the strategic direction for the business across all portfolios.

The Senior Vice President & Chief Financial Officer of a nearly $900 million credit union serving over 50,000 members from Harvard University and affiliated organizations has primary oversight responsibility for accounting/finance, audit and compliance. Ensures the safeguarding of assets through the development, implementation and monitoring of proper internal controls, risk management and asset/liability management. Develops and monitors business planning, investment strategy, insurance programs and integrated financial and technological systems and reporting. Provides strategic direction and support across all functional areas. Reports directly to the President & CEO and a contributing member of the senior executive team and various committees. Key contributor for developing and monitoring service excellence and employee engagement strategies geared toward creating a clear competitive advantage.

Duties & Responsibilities

Principal Job Functions:

• Manages and develops the accounting/finance, audit, and compliance functions for the Credit Union.
• Directs all financial, tax and regulatory reporting; including, monthly and annual financial statements, regular management reports, tax returns, asset / liability management reports, call reports and other regulatory reports.
• In conjunction with the Board and CEO, prepares the annual business plan, three-year strategic plan and asset / liability management strategy. Develops and presents financial forecasts and budget analysis.
• Establishes and enhances corporate information systems and reporting, especially as they relate to profitability, risk management, productivity measurements and decision-making processes.
• Ensures the safeguarding of assets by establishing appropriate legal and regulatory documentation, internal controls and procedures. Manages companywide insurance programs and policies.
• Acts as the management liaison with the audit committee, asset/liability committee, compliance committee, regulators, and third-party auditors.
• Performs hiring, training, performance evaluations, motivation and career development for direct reports.
• Contributes to the product development process. Works in conjunction with a management team to achieve companywide business plan objectives.
• Attends sub-committee meetings and as a member of the President's staff, assists in overall management of the Credit Union.
• Develops and maintains a strong knowledge of the culture, environment, and key contact individuals at Harvard University and at the Harvard affiliates to which we provide services.
• Key collaborator in helping other senior leaders to deliver above market growth, differentiate the member experience and build tighter member relationships.

Basic Qualifications

Basic Qualifications are the minimum threshold a candidate must meet in order to be considered for this role

• Bachelor's degree.
• 10+ years related experience with progressive responsibility.
• Diverse business experience; 1+ years' experience working outside of finance departments - i.e. operations., IT, lending, higher education or other portfolios at a financial institution or other highly regulated industry.

Additional Qualifications

The following qualifications are strongly preferred:

• MBA or equivalent preferred.
• Advanced planning, management, financial and communication skills.
• Thorough understanding of accounting, compliance, taxation, lending, investment and state and federal statutes, as they related to a banking institution.
• Highly motivated and able to work both, with a high degree of autonomy and as a management team member. Excellent leadership, planning, and interpersonal skills.
• Comfortable leading in a diverse and multicultural environment.

Working Conditions

Work is performed in an office setting.

Additional Information

Please provide a cover letter with your application and upload as one document

• Please note: Harvard University requires a pre-employment reference and background screening, which includes OFAC (Office of Foreign Assets Control).
• Harvard University is unable to provide work authorization and/or visa sponsorship.
• This position has a 90-day orientation and review period.

Harvard University Employees Credit Union:


Harvard University welcomes individuals with disabilities to apply for positions and participate in its programs and activities. If you would like to request accommodations or have questions about the physical access provided, please contact our University Disability Resources Department.

Diversity, Inclusion & Belonging:

The dynamism that comes with working at Harvard is largely the result of our diversity. Here, staff, faculty, administrators and students representing a wide range of ages, races, interests and backgrounds come together in pursuit of common goals. Together, we strive to provide an environment that values diversity and promotes an inclusive culture.

Total Rewards:

Harvard's Total Rewards Program is designed to attract, retain, and reward the performance of talented employees. Comprehensive benefits, generous paid time-off, access to education and professional development, and a vibrant campus with abundant cultural and recreational opportunities create a competitive and compelling total rewards package. As a Harvard staff member, you enjoy many perks that come with working for one of the top employers in Massachusetts.

Time Off: 3 - 4 weeks accrued paid vacation, paid holiday break, 12 accrued paid sick days, 11.5 paid holidays, and 3 paid personal days per year.

Medical/Dental/Vision: We offer a variety of excellent medical plans, dental & vision plans, all coverage begins as of your start date.

Retirement: University-funded retirement plan with full vesting after 3 years of service.

Tuition Assistance Program: Competitive tuition assistance program, $40 per class at the Harvard Extension School and discounted options through participating Harvard grad schools.

Transportation: Harvard offers a 50% discounted MBTA pass as well as additional options to assist employees in their daily commute.

Wellness options: Harvard offers programs and classes at little or no cost, including stress management, massages, nutrition, meditation and complimentary health services.

Harvard access to athletic facilities, libraries, campus events and many discounts throughout metro Boston.