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Manager, Budget in McLean, VA at Pentagon Federal Credit Union

Date Posted: 12/9/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    McLean, VA
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    12/9/2018

Job Description

Manager, Budget

Summary

PenFed is hiring a Manager, Budget at our headquarters in McLean, Virginia.  The primary purpose of this job is to be responsible for compiling, analyzing, and reporting on the corporate budget plan. This role will develop and maintain budgeting systems updates to the Hyperion Planning system, QRM, and the PeopleSoft GL system.  Additionally, this role will also assist in the management and coordination of the budget planning and accounting requirements with managers across the organization. 

Essential Functions

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

  • Manage the annual budget function and the periodic operating expense updates to the credit union’s forecasting process using the Hyperion Planning system. Track performance against budgeted and forecasted goals.
  • Monitor actual performance against budget and forecasts at the Executive, department, product, and cost center levels, as required.
  • Interact with product line managers to develop and enhance effective new business forecasting methodologies based on the credit union’s business strategy. Monitor task assignments to ensure scheduled performance, within intended scope and to a defined level of quality.
  • Manage the ongoing roll out design, development, and implementation of a comprehensive corporate-wide budget compilation and ongoing variance measurement process using the Hyperion Planning system. 
  • Coordinate longer-term development of the Hyperion Planning system by incorporating further enhancements such as workforce planning, project planning, and profitability measurement.
  • Maintain an effective product profitability measurement process, including new product development, subsidiary businesses modeling, and affinity group relationship modeling.
  • Develop robust executive summary level through detailed general ledger and cost center reporting capabilities. Lead presentation of results to Senior Management.
  • Provide subject-matter expertise on related budgeting, forecasting and planning processes, maintain policies and requirements in support of functional area process design, testing and implementation. Maintain a good working knowledge of relevant accounting standards and policies for financial budgets are prepared and maintained in accordance with US Generally Accepted Accounting Principles (GAAP).
  • Coordinate with other team members to assure consistency and optimization of overall work product.
  • Lead departmental projects as requested by Senior Management and perform other related duties as assigned.
  • Assist with maintaining PenFed’s compliance with all applicable federal, state and local laws, regulations and ordinances by abiding by PenFed compliance program and all policies, procedures, rules and regulations.

*This role is responsible for ensuring business continuity.*

Education and Experience

Equivalent combination of education and experience is considered.

  • Advanced Degree in finance, economics, or another related discipline and experience that provides the necessary skills and knowledge to satisfactorily perform the essential job functions.  MBA/CFA professional certification preferred.
  • Minimum of seven (7) years of progressively responsible work experience in a financial institution in a budgeting and/or forecasting capacity. 
  • Minimum of three (3) years’ experience using Hyperion Planning system including experience using Smartview, Essbase, and Financial Reports.
  • Ability to manage multiple projects simultaneously, implement rapid changes in project direction, and meet assigned deadlines.
  • Ability to condense highly detailed subject matter into clear and effective communications to Senior Management.

Supervisory Responsibility

This position will not 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.

About Us

Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 1.6 million members and over $23 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico, Okinawa, and Portugal. 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.

Our mission isn’t simply to help our members get by. We exist to help them realize every ounce of their potential. We exist to educate, and to encourage. We exist to usher their dreams into the land of reality.

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 571-289-4710.