<p>Job Details</p> <p>Level: Experienced</p> <p>Job Location: BROOMFIELD, CO</p> <p>Position Type: Full Time</p> <p>Education Level: 4 Year Degree</p> <p>Salary Range: $145514.92 - $181893.65 Salary</p> <p>Job Shift: Day</p> <p>Description</p> <p>We recognize that in order to meet the needs of our communities, we must represent our communities. Our success relies on creating a culture where we have diverse perspectives and a true sense of belonging. This is a journey, and we pledge to do more than simply check the box.</p> <p>When you join the Meritrust team, your benefits will include:</p> <ul> <li>Comprehensive medical insurance plan that has HRA, HSA, and FSA options </li><li>Dental and vision insurance </li><li>Generous paid-time-off </li><li>11 paid holidays </li><li>Annual bonus (based off of annual results/scorecard each year) </li><li>401(k) plan </li><li>Wellness program </li><li>Tuition assistance </li><li>Employee loan discount </li><li>Employee Assistance Program (EAP) </li><li>Life and disability coverage </li></ul> <p>What sets working for Meritrust apart?</p> <ul> <li>Career development and pathing opportunities to move into leadership roles or other lines of business within MCU such as Commercial Lending, Finance, Marketing, Underwriting, Member Solutions, Training, Human Resources, and more. </li><li>Supportive and engaging work environment. </li><li>A wellness and sustainable work culture that puts family, Mother Nature, our community, and your health first. </li><li>A work environment that encourages personal as much as professional growth, teamwork to make the dream work, and treating everyone equally. </li><li>Studies have shown that individuals from marginalized and or historically underrepresented groups may be less likely to apply for jobs unless they meet every one of the qualifications listed. We are most interested in finding the best candidate for the job. We would encourage you to apply for a job at Meritrust Credit Union, even if you don't meet every one of our qualifications listed. </li></ul> <p>This is a full-time position working 40 hours a week, Monday-Friday 8:00am - 5:00pm.</p> <p>POSITION SUMMARY:</p> <p>The Vice President, Strategic Initiatives will play a critical role in the Credit Union's overall enterprise strategy and growth and diversification agenda and will report to Senior Vice President, Strategic Initiatives. They will support the marketplace and enterprise efforts working with members of leadership teams and line of businesses leaders. The VP, Strategic Initiatives will be responsible for integration of acquisitions, new businesses and functions. The role will ensure the Credit Union is evolving enterprise capabilities to accommodate a variety of business models, providing operating model development, coordination across the broad enterprise while staying mission and strategy aligned. The VP, Strategic Initiatives will be a key member of the leadership team within Strategic Initiatives, partnering across the team to develop and manage enterprise strategic growth. They may lead integrations independently up to several millions of dollars.</p> <p>ESSENTIAL FUNCTIONS:</p> <p>INTEGRATION</p> <ul> <li>Create a modular approach to integration - from pre-close planning to post-close implementation - that will be adapted and fit for purpose to transaction support for the Credit Union. </li><li>Build and maintain strong relationships with key stakeholders within the organization. </li><li>Procure and manage senior-level subject-matter expert support as needed to support integration and diligence. </li><li>Define pre-close planning scope of work based on Day 1 requirements and high-value activities; drive overall program structure and engagement model, provide clear guidance on strategic intent of the transaction and pressure test workstream approaches and outputs clearing roadblocks. </li><li>Facilitate leadership updates, framing recommendations and escalating risks/issues as needed. </li><li>Ensure the integration is delivering against business expectations. </li><li>Develop detailed integration plans, including timelines, milestones, and resource allocation. </li><li>Monitor project progress, identify risks, and implement mitigation strategies. </li><li>Provide visionary leadership to guide the integration process. </li><li>Create and execute repeatable processes for enterprise function engagement in diligence, pre-close planning and integration. Ensure the enterprise has the right capabilities, capacity, and resources to support enterprise growth and new business models. </li><li>Partner with functional teams to efficiently extend capabilities to new acquisitions and new business models. </li><li>Support operating model design to enable tools, services, and best practices to be adapted from core Credit Union functions to new businesses and functions. </li><li>Define performance metrics, standards, and methods to establish integration success. Oversee the development and assessment of strategic performance metrics to support business/integration initiatives, either function-specific or across the enterprise. Collaborates with cross-functional stakeholders to ensure cohesive and reachable targets. </li><li>Leads and champions change management plans associated with integration by leveraging and developing key stakeholder relationships to obtain support and buy in for changes; ensures executive management, project/program champions, and business owners communicate and align improvement initiatives to guide long-term business strategy; and empowers stakeholders to embrace a change management mindset, understand intent and purpose, and foster a culture of change. </li><li>Establish and refine methodologies for strategy translation, implementation and measurement, including identifying the business problem, evaluating potential strategies, prioritizing moves, and developing strategy roadmaps. Partners with operational teams on documenting and disseminating best practices of strategy translation into execution. </li><li>Manage development of training and support to help employees adapt to new systems and processes. </li><li>Serve as the central channel for integration-related communications to the Internal Communications Team. </li><li>Ensure that these methodologies are applied consistently and effectively across the organization. Ensure the appropriate engagement of internal and external parties in all activities. This includes legal, compliance, finance, and other functions critical to the successful strategy development. </li></ul> <p>M&A ADMINISTRATION</p> <ul> <li>Develop and implement M&A strategies to support the credit union's expansion and growth goals. </li><li>Conduct thorough due diligence on potential merger and acquisition targets, including financial analysis, risk assessment, and regulatory compliance. </li><li>Oversee the integration of acquired entities, ensuring seamless operational and cultural integration. </li><li>Assist SVP with negotiations with potential partners, ensuring favorable terms and conditions for the credit union. </li><li>Ensure all M&A activities comply with relevant regulations and internal policies. </li><li>Maintain clear and transparent communication with internal and external stakeholders throughout the M&A process. </li></ul> <p>CUSO ADMINISTRATION</p> <ul> <li>Develop and maintain strategic partnerships with CUSOs to expand the credit union's service capabilities. </li><li>Ensure all CUSO activities comply with relevant regulations and internal policies. </li><li>Track and analyze the performance of CUSO partnerships, providing regular reports to senior management. </li><li>Work closely with internal departments to integrate CUSO services seamlessly into the credit union's operations. </li><li>Assist SVP with negotiating and managing contracts with CUSO partners, ensuring favorable terms and conditions. </li><li>Identify opportunities for new CUSO partnerships that align with the credit union's strategic goals. </li><li>Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. </li><li>Other duties as assigned. </li></ul> <p>Qualifications</p> <p>QUALIFICATIONS</p> <p>Education/Certification:</p> <ul> <li>Bachelor's degree required (Business Administration, Finance or a related field preferred) </li></ul> <p>Required Knowledge:</p> <ul> <li>Strong understanding of Credit Union business functions and associated application landscape </li><li>Setting, leading, and delivering integration and divestiture engagement objectives by defining the scope, plan, and budget across all core functions. </li><li>Managing cross-functional teams to deliver M&A engagements across all of phases of the M&A lifecycle including due-diligence, pre-close, and post-merger integration. </li><li>Coordinating with internal and external communications, culture, and change management teams to support integration efforts while minimizing critical attrition. </li></ul> <p>Experience Required:</p> <ul> <li>10 years preferred M&A, Big 4 consulting, investment banking, due diligence, or integration management. </li><li>Minimum of 10 years of professional experience </li></ul> <p>HARD/TECHNICAL Skills/Abilities:</p> <ul> <li>Deep understanding of IT systems and the ability to integrate different technological platforms </li><li>Staying updated with industry regulations and ensuring compliance during mergers and acquisitions </li><li>Proficiency in financial modeling and analysis to assess the financial implications of mergers and acquisitions </li><li>Identifying and mitigating financial risks associated with mergers and acquisitions </li><li>Ability to develop and implement long-term strategies that align with the organization's goals. </li><li>Leading cross-functional teams and managing diverse stakeholders effectively </li></ul> <p>WORKING CONDITIONS</p> <ul> <li>Standard office conditions </li><li>Low to moderate noise </li><li>Limited lifting up to 20lbs. </li></ul> <p>This description has been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Essential functions, requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.</p> <p>In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.</p> <p>The Credit Union believes that each employee makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties, qualifications, and job scope, but not limit the incumbent. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors.</p> <p>Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.</p> <p>Final Compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity.</p> <p>We anticipate this position to close within 30 days of posting. Please submit your application at your earliest convenience to be considered.</p> <p>You may not check every box, or your experience may look a little different from what we've outlined, but if you think you can bring value to Meritrust Credit Union, we encourage you to apply!</p> <p>Thank you for your interest in Meritrust Credit Union.</p>