Job Description

Overview Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members “do better.” Joining PenFed is more than being an employee; it’s about being a part of the PenFed family. PenFed is hiring a Senior Vice President, Financial Planning and Analysis at our McLean, Virginia location. The primary purpose of this job is to deliver advanced financial planning & analysis capabilities. This role will be critical in helping execute Finance strategy and support overall Enterprise initiatives and strategies. A strong leader, responsible for driving change using analytics to support the business and optimize overall capital. Responsibilities Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. Build planning & analysis processes that deliver deep insights to senior executives, as well as Product Owners and other stakeholders. Direct the overall corporate bottoms up development of the multi-year budget, including revenue and expenses and resource planning, quarterly forecasts and monthly estimates in support of key operating segment(s), sales channel(s) and/or functional area(s). Identify and communicate key business opportunities, leading indicators of risks and advise the leadership team on appropriate actions. Provide a high level of thought process to recommend areas for improvement and lead projects to enhance analytical and reporting infrastructure. Establish and maintain strong business controls; drive increased visibility into expense risk areas. Develop key analytical capabilities of the team for delivering on management reporting and optimization objectives. Develop performance metrics and KPIs that will be shared across business functions, and will be delivered, as authoritative, through business-wide executive management P&L reporting. Serve as a thought leader across various stakeholders to elevate analysis quality and depth. Drive efforts to ensure that processes meet quality, control, and consistency standards. Interface with team data scientists on developing use cases that leverage newly integrated finance and credit data. Key stakeholder in monthly accounting close & reporting process and capital stress testing. Perform tasks at the highest level of accuracy and efficiency, in accordance with US GAAP and company financial policies. *This role is responsible for ensuring business continuity.* Qualifications Equivalent combination of education and experience is considered. Advanced degree in Finance, Economics, or Accounting, with at least twenty (20) years of experience, with 5 years serving in a VP role with direct management experience. MBA preferred. Management Consulting, Corporate Finance, or Accounting experience is desired. Experience developing and managing financial models with expertise in bank balance sheet and P&L reporting. Passion to understand the business and develop data-driven financial use cases to address complex objectives. Excellent communication skills to articulate approach and results to senior management, with ability to challenge assumptions using data evidence. Strong analytical and problem solving skills with ability to analyze large data sets and present conclusions concisely Advanced user of Excel, demonstrated ability to work with complex sets of data. Highly experienced with ERP and ERM systems (e.g. Hyperion, Oracle Financials, OneStream) Knowledge of QRM preferred. Supervisory Responsibility This position will directly supervise employees Licenses and Certifications There are no additional certifications required. Work Environment While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise. *Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.* Travel Ability to travel to various worksites and be on-call may be required. Special Message Regarding COVID 19 PenFed is continuing to hire and train exceptional individuals to help us serve our 2 million members both here and around the world.  In light of the current situation with novel coronavirus (COVID-19), we have modified our hiring, onboarding, training, and deployment protocols in order to comply with current local and state guidance around social distancing. About Us Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2 million members and over $26 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day. We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more. Equal Employment Opportunity PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same. PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 240-224-4256. #LI-CB1 more