Finance Manager

About Us Carrick-on-Suir Credit Union is a not for profit, community-based credit union, with an asset size of €75 million, dedicated to serving its 11,000 members with integrity and purpose.
We are delighted to invite applicants for the full-time, permanent role of Finance Manager.This is an exciting opportunity for an ambitious individual to play a key leadership role in shaping the future of Carrick-on-Suir Credit Union.
The role is open to hybrid working arrangements.
The Role The Finance Manager will report directly to the CEO of Carrick-on-Suir Credit Union and will have overall responsibility for the delivery of timely and accurate financial and management reporting.
The role will support the CEO in the development and execution of the credit unions Finance Strategy and ensure alignment with the overall objectives of the strategic plan.
Credit Control and Compliance oversight will be carried out by the Finance Manager, acting as a support to the teams in the optimal day-to-day operation of the functions.
This role will be an integral part of the senior management team, deputizing for the CEO in their absence, and managing best-in-class functions, to meet the current and future needs of the credit union, ensuring its long-term financial sustainability and value proposition to members.
Key Responsibilities Financial Management Preparation of financial and management accounts and oversight of all elements of the Finance function.
Preparation of annual budgets and cash flow forecasts.
Maintaining bank reconciliations, nominal ledger, investment ledger and accounts payable.
Preparation of payroll and returns to Revenue Commissioners.
Preparation for internal and external audits.
Assist in preparation of statutory returns and ensure regulatory compliance.
Ensure that processes and procedures for the finance function are documented and easily understood, developing accounting procedures appropriate for the credit unions business needs and communicating them across the organisation.
Ensure adequate systems and controls are in place and ensure that risks are appropriately mitigated, inclusive of establishing and maintaining expenditure controls consistent with value for money and value for members.
Prepare, analyse and interpret the financial performance of the credit union as a precursor to strengthening it.
Provide support to the CEO in discharging obligations under the Credit Union Act.
Ensure that the Board and its Committees have access to performance indicators regarding key aspects of the credit unions business affairs.
Preparation of cost benefit analysis for all significant resource allocation.
Devise project reporting protocols and formats for ad hoc projects undertaken by the credit union.
Credit Control Ensure that there is appropriate oversight over the Credit Control function of the credit union.
Oversee the weekly review of accounts on relevant arrears listing, as carried out by delegated staff member.
Oversee subsequent communication to members by letter and telephone.
Conduct identical procedure with regards to written-down loans.
Provision of necessary information and documentation to facilitate the legal process and accurately complete and furnish all legal documentation as requested by solicitor.
Court attendance where required.
Drafting credit control reports as requested by the CEO.
Restructuring of members loans, where required by the CEO.
Risk & Compliance Ensure there is appropriate oversight over the Risk & Compliance function of the credit union, supporting the AML Officer and liaising with the credit unions external Risk Management Officer and Data Protection Officer.
Oversee the Risk & Compliance function to ensure the credit union is adhering fully to the requirements of legislation, regulation, and Central Bank directives in these areas.
Develop plans to support the Board and the Executive in all cases of Risk & Compliance non-adherence, to correct the exposure and to avoid future risk in key areas such as credit, health and safety, insurance, fraud, liquidity, and operational processes.
Develop a culture of compliance, promoting the implementation of legislation and best practice across all areas of the credit union, enabling the credit union to meet its requirements under the Credit Union Act 1997 (as amended), Data Protection Act 2018, as well as guidance under the Credit Union Handbook.
Organise and facilitate training and collaboration across all teams regarding Risk & Compliance standards and address queries concerning any of the functions procedures and processes.
People Management Direct the daily operations of the Finance, Credit Control and Compliance functions, analysing processes, tasks, costs, establishing priorities, developing and reaching high standards of work and performance targets, setting and reaching tight deadlines, and ensuring the departments run efficiently and effectively and the people operate as a cohesive team.
Implement and monitor the credit unions performance management process and system for team members within Finance, Credit Control and Compliance, monitoring the performance of team members in line with agreed KPIs and metrics.
Effectively coach and manage team members as part of the performance assessment process, including regular reviews and personal development discussions.
Assist in recruitment and selection process for new team members.
Regularly communicate and keep team members up to date in terms of all key policies, through the planning and implementation of regular training, that is recorded and kept on file.
Senior Management Team Deputise for the CEO in their absence.
Provide decision making support to the CEO and Board of Directors; supporting the CEO with relevant, accurate, timely and useful information that assists in the performance management of the business.
Generate detailed monthly reports to CEO & Board of Directors.
Provide oversight, support and guidance to the Finance, Credit Control and Compliance functions of the credit union.
Continuously act as a role model leader demonstrating the highest standards of professionalism, behaviour, ethical management, integrity and honesty.
Convene, attend and contribute tomeetings of such committees as may be directed by the CEO and the Board of Directors.
Prepare, document and maintain procedures and policies relevant to the functions of the role, ensuring adequatesystems and controls are in place and risks are appropriately mitigated.
Requirements A primary degree, preferably in Business or Finance and be a fully qualified accountant.
QFA qualification or willingness to work towards the same is required.
Established and proven experience and success in a senior finance role, preferably within a credit union or in the financial services or regulated sectors.
Have excellent skills and experience in financial planning and strategy, forecasting, reporting and presentation of financial information, budgeting, managing profitability, promoting process improvement, meeting regulatory requirements, preparation of monthly and statutory accounts, and IT systems from a financial perspective.
Be an experienced people manager with excellent skills in developing and coaching team members to achieve high levels of performance.
Have experience in partnering with a CEO in identifying, developing, and implementing strategy and change initiatives to deliver on organisation objectives, adapting to opportunities, threats and challenges.
Possess commercial awareness and strategic thinking skills, with ability to assess long term business model options and define optimal solutions Strong attention to detail and a commitment to quality.
Excellent drive, with the ability to prioritise and manage tasks to completion.
Strong communication, including oral and written skills, excellent planning and organisational skills.
Proficiency with accounting and payroll software, and the Microsoft office suite, inclusive of advanced Excel knowledge.
Empathy with the ethos and values of the credit union is desirable.
The role is a Central Bank Controlled Function and is subject to strict Fitness & Probity obligations.
For a confidential discussion about this opportunity, please call Lorraine Kenny, HR Business Partner of Metamo on .
Short listing may apply, and assessment will be done on the basis of the information provided in the application.
Carrick-on-Suir Credit Union is proud to support a diverse and inclusive workplace.
Skills: Finance People Leadership QFA Financial Services Sector Credit Union ACCA Accounting Benefits: Hybrid Working Arrangements Company Pension EAP