AVP Finance

When joining Elevations, you can expect to work for a company with:

• A leadership team that strives to make this the best place you’ve ever worked!

• A focus on supporting our employees’ mental, physical, and financial well-being

• A commitment to diversity, equity, and inclusion recognized by the Denver Business Journal and Colorado Association of Realtors

• A highly engaged workforce devoted to innovation, continuous improvement, and collaboration

• A reputation for excellence, as evidenced by being a two-time recipient of the Malcolm Baldrige National Quality Award

• A passion for consistently providing amazing experiences and creating raving fans

If you join our team, here are some of the perks you can expect:

• A competitive total rewards package with 4 weeks paid time off for full-time employees, work anniversary paid time off, paid volunteer time off, and 12 paid holidays

• Comprehensive medical, dental, and vision plans with employer contributions to supercharge your Health Savings Account

• Up to a 4% match on 401(k) contributions

• Up to twelve weeks of fully paid parental leave

• An extensive Employee Assistance Program that provides personalized care options for your whole household

• Ample opportunity to learn, develop and grow with access to LinkedIn Learning, career and leadership development programs, job shadowing, a mentor program, and tuition reimbursement up to $5,250/year

Location

• Hybrid: Employees who are able to perform the essential functions of their jobs away from an Elevations location may do so with the expectation that they are onsite at least fifty percent of the time over a two-week pay period.

Summary/Objective:

The AVP Finance is responsible for leading key financial risk management, balance sheet strategy, and financial reporting functions, including asset/liability management, interest rate risk oversight, CECL governance, and executive-level financial analysis. This role serves as a strategic business partner to senior leadership and is responsible for preparing and presenting financial, risk, and balance sheet insights to executive management, Board committees, and the Board of Directors. The position collaborates closely with cross-functional stakeholders to strengthen risk management practices, drive process improvements, and develop a high-performing finance team that supports the organization's long-term growth and profitability objectives.

Essential Functions include:

• Own the Asset Liability Management (ALM) framework, including interest rate risk measurement, stress testing, scenario analysis, model governance, and recommendations to optimize balance sheet performance while operating within Board-approved risk appetite.

• Own the CECL governance framework, including model performance monitoring, assumption validation, qualitative factor analysis, forecasting methodologies, and communication of reserve adequacy to executive management and the Board.

• Responsible for ensuring financial reporting is accurate and delivered to Pricing Committee, Risk Oversight Committee, and the Board on a monthly and/or quarterly basis.

• Perform complex ad-hoc reporting and analysis as needed.

• Recommend changes to balance sheet strategy, pricing, product structure, and risk management practices based on financial and market analysis.

• Build and lead a high-performing finance team by establishing clear goals, succession plans, coaching programs, and development opportunities that strengthen organizational capabilities.

• Represent the finance function in cross-functional meetings, committees, and key projects. Continuously improve processes, controls, and systems to enhance efficiency, mitigate risk, and support organizational growth.

Reports to:

VP of Finance

Manages:

Financial Analyst (s), Senior Financial Analyst

Required Education and Experience:

• A bachelor’s degree in Finance, Economics, Accounting or a related field.

• 10+ years of progressive experience in finance, treasury, ALM, FP&A, accounting, or risk management within a financial institution with at least 3 years of management experience.

• Deep knowledge of asset/liability management, interest rate risk measurement, liquidity management, and balance sheet optimization.

• Experience evaluating credit risk, loan portfolio performance, and the impact of credit trends on earnings and capital.

• Experience managing or analyzing fixed income investment portfolios and related interest rate risk implications.

Preferred Education and Experience:

• MBA, CPA, CFA, FRM, or other relevant advanced credential.

• Experience at a $1B+ credit union or regional/community bank.

• Experience with derivative programs, loan sales, securitizations, and wholesale funding strategies.

• Advanced analytical and financial modeling capabilities using SQL, Power BI, Python, Excel, or similar tools.

Work Environment:

Elevations uses multi-factor authentication to keep our data safe. As such, a personal smartphone is a requirement for employment with us. This job operates in an office setting and routinely uses standard office equipment.

Physical Requirements:

Sitting frequently, walking occasionally, use of hands frequently, hearing constantly, talking frequently, exerting up to 10 lbs of force occasionally to lift, carry, push, pull, or move objects.

Position Type/Expected Hours of Work:

Regular, Full-time, Normal business hours

Classification:

Exempt

Compensation Information:

The person hired into this position will likely earn between $124,969.86 and $166,626.48 plus annual bonus.

Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.

Anticipated Application Window:

This role is anticipated to close within 35 days from the date of posting. However, if the position has not been filled, Elevations may keep the application period open longer.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

About Us: Elevations Credit Union is a member-owned not-for-profit financial institution serving Colorado’s Front Range. Founded in 1952, we’ve grown from 12 members and less than $100 in assets to an institution with 15 branches and more than 170,000 members that manages over $3 billion in assets and is the No. 1 credit union mortgage lender in Colorado. At Elevations, we’ve made a commitment to move away from a product-centered business model and focus instead on creating consumer solutions. Our objective is to provide our members, as well as the entire community, with unbiased consumer information.

EEO Statement: The Credit Union is dedicated to the principles of equal employment opportunity. We prohibit unlawful discrimination against applicants or employees on the basis of age 40 and over, race (including traits historically associated with race, such as hair texture and length, protective hairstyles), sex, sexual orientation, gender identity, gender expression, color, religion, creed, national origin, ancestry, disability, military status, genetic information, marital status, or any other status protected by applicable state or local law.

Candidates for certain positions may be required to submit to a credit history report in determining qualification for employment with Elevations Credit Union. If the position you are applying for requires a credit history report, any information received in such a report will not be the sole factor in making an employment decision. A history of personal financial irresponsibility may be reason for disqualification insofar as it relates to your potential job duties. Elevations Credit Union is aware that occasionally there are extenuating circumstances that may affect an individual's credit history. We comply with the Fair Credit Reporting Act and the Colorado Employment Opportunity Act.

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