Abrar Admin

Fall River Municipal Credit Union

<div>POSITION TITLE: Vice President of Finance
DEPARTMENT: Finance
POSITION FUNCTION
Under the general supervision of the Chief Executive Officer, manages the Credit Union&rsquo;s accounting and record-keeping functions.
ESSENTIAL FUNCTIONS:<ul><li>
Responsible for the Credit Union&rsquo;s accounting and fiscal reporting.</li><li>
Counsel&rsquo;s management on fiscal control and profitability.
</li><li>Prepares, presents and interprets major reports for senior management and participates in all appropriate management planning sessions.</li><li>
Manages the accounting operations of the Credit Union. Maintain Credit Union depreciation and amortization schedules, accruals and prepaid expenses and payables. Initiates all adjusting entries.</li><li>
Prepare annual operating budget and present to board and management for approval. Responsible for making periodic financial progress reports.</li><li>
Monitor the daily funds position, maintain adequate liquidity, advise the investment committee of investment positions, and execute investment decisions.</li><li>
Prepare and submit to appropriate government officials all information required by law or regulation.</li><li>
Institutes all necessary audits as deemed appropriate. Work with auditors, examiners and audit committee, reviewing the financial accounts of the credit union.</li><li>
Supervise the preparation for all correspondent bank deposits, and reconciliation of corporate accounts.</li><li>
Prepare all month-end and quarter-end reports. Prepare special reports requested by other departments.</li><li>
Prepare financial forecasts and other financial simulations, including Asset Liability Management, for decision-making purposes.</li><li>
Responsible for all outgoing wire transfers.</li><li>
Responsible for reporting branch profitability.</li><li>
Reporting and reconciling to FNMA.</li><li>
Maintaining the appropriate records for the Fed Home Loan.</li><li>
Monitoring loans in pipeline to sell to FNMA.</li><li>
Have an advisory role with the ALCO and Investment Committees.</li><li>
Participate in all management planning sessions as needed, direct and establish department planning parameters and ensure completion of such.</li><li>
Liaison for the Audit Committee and the internal auditors. Responsible to coordinate audit with management and staff. Review the audit findings report back to the audit committee with response from the appropriate department.</li></ul>
20. Responsible for monitoring all corporate credit union authorization levels.
21. Responsible for monitoring and reporting on all credit union borrowings to board and management.
22. Responsible for preparing and presenting all reports requested by the Audit committee on a monthly basis.
23. Responsible for reviewing all Board of Director expenses as presented for payment.
24. Monitoring and funding of the allowance for loan loss.
25. Reviewing and revising policies regarding: Investments, ALCO, Liquidity, Accounts Payable, Loan Loss, Compliance, Corporate Credit Card, and IPS-Sendero products.
26. Provides subordinates with training and communication of information, on an ongoing basis on new and revised procedures and policies.
27. Oversees and performs annual performance evaluations of the department staff.</div>

VP of Finance

<div>POSITION TITLE: Outside Mortgage Loan Originator
DEPARTMENT: Mortgage Lending
POSITION FUNCTION
This position requires a self-driven, ambitious individual who possesses a current book of business and has the proven capability to form and maintain professional relationships within the community. A key responsibility is soliciting new business and expanding the business of current members by selling the Credit Unions mortgage financing capability. 90% of the work week will consist of being on the road, developing relationships with attorneys, brokers, developers, and realtors to generate new mortgage business.
ESSENTIAL FUNCTIONS:<ul><li>
Interviews and counsels members regarding residential and investment mortgage applications to help determine their eligibility.</li><li>
Inform members of various mortgage products as well as cross-selling other products offered by the credit union.</li><li>
Keeps informed of the current trends and developments in the local real estate market as well as changing rules and regulations; communicates these changes to all appropriate team members in a timely fashion.</li><li>
Establishing and maintaining a customer and referral basis by making calls and scheduling visits to potential realtors, investors, builders, and attorneys as assigned; and maintains detailed records for the same.</li><li>
Attend community, realtor and industry events and organizational meetings to establish relationships with local businesses and individuals. Seek business opportunities for the Credit Union as they arise.</li><li>
Performs preliminary underwriting of loans to determine DTI, credit and Loan-to Value rations in accordance with the FRMCU and the secondary market guidelines.</li><li>
Ensures accuracy and completion of loan applications. Generate applications and necessary forms needed for the processor to proceed with processing the application. Provide all documentation to the mortgage processor in a timely manner so that the loan may close.</li><li>
Maintains effective communication with all FRMCU employees to ensure coordination and exchange of information to achieve goals and provide a positive member experience.</li><li>
Ensure all documents collected up front are accurate and adhere to policy, checking for conformity to regulations (federal, state and credit union).</li><li>
Responsible for production goals set forth by management.
</li><li>Perform other duties as assigned.</li></ul>
ADDITIONAL RESPONSIBILITIES<ul><li>
Maintains a required level of quality and quantity of work.</li><li>
Assists in all areas of the department as needed.</li><li>
Continues to acquire the necessary education to maintain knowledge of federal and state rules and regulations to ensure compliance.</li><li>
Flexible schedule, including some weekends to meet the needs of members and generate new leads to increase production.</li></ul>
PHYSICAL DEMANDS:<ul><li>
Hand dexterity required to operate computer terminal and/or related equipment.</li><li>
Eye coordination required to operate computer/teller terminal.</li><li>
Sitting at desk or computer workstation for periods of time.</li><li>
Travels to Credit Union facilities/locations as required.</li><li>
Drives to and attends meetings as required.</li><li>
Moves around credit union between levels or floors while performing duties.</li><li>
Bending and stretching in work area.</li><li>
Speaks and listens to members and explains credit union services.</li><li>
Ability to lift up to 20 lbs. with or without assistance</li><li>
Safe driving record</li></ul>
This position description covers the more prominent duties performed, and is not limited to other work duties that may be assigned.</div>

Outside Mortgage Loan Originator

Join Fall River Municipal Credit Union and explore 2   exciting career opportunities. They're hiring for various roles with options for remote or on-site work. Apply today and become part of their innovative team.

Fall River Municipal Credit Union

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VP of Finance

Outside Mortgage Loan Originator