PARIS ARANGUIZ
East Fishkill,NY
Summary
Seasoned Chief Financial Officer with a proven track record at GHS Federal Credit Union, adept in strategic planning and financial analysis. Spearheaded initiatives that significantly reduced debit card fraud by 80% and fostered a culture of growth, achieving over 8% annual customer base expansion. Excels in investment management and staff development, demonstrating a robust blend of technical expertise and leadership.
Overview
31
31
years of professional experience
Work History
Chief Financial Officer
GHS Federal Credit Union
Binghamton, NY
06.2021 - Current
- Prepare detailed reports for the board of directors regarding key performance indicators on the Income Statement, and Balance Sheet.
- Manage budgeting processes for multiple departments, including Forecasting and Tracking expenses.
- Manage Compliance, Accounting, Investments, Marketing, and HR.
- Manage Treasury and Investments.
- Chairperson of the Asset-Liability Committee.
VP & Chief Financial Officer
Hudson River Financial FCU
Mohegan Lake, NY
12.2013 - Current
- Direct a team of 5 staff members; coordinate efforts with CEO, COO & VP of Marketing to improve membership experience at branch and other online and mobile delivery systems
- Manage Business Operations including HR & Payroll, and 401K administration
- Oversee Accounting & Investments, Treasury & Liquidity, Cash Management, Financial Planning & Reporting, Compliance, Risk Management and Business Insurance, Facility & Purchasing Debit Card Management, Customer Relations and Branch Operations
- Reduced debit card fraud 80% by refining rules needed to uncover and prevent possible fraudulent transactions
- Developed strategies to grow customer base over 8% annually, improving customer satisfaction over 13% in 2018 as demonstrated by an external survey
- Oversee IT Systems implementation & maintenance, including review and approval of annual IT contracts, reducing costs over 10%
Chief Financial Officer & ALCO Committee Chair
Ticonderoga FCU
Ticonderoga, NY
04.2012 - 12.2013
- Directed a team of 2 staff members; oversaw Accounting & Finance, Treasury & Liquidity, Financial Planning & Reporting, Audits & Examinations
- Designed investment strategies as ALCO Chair, and returned the organization to profitability after 5 years of losses due to the financial crisis
- Restructured the branch cost accounting platform to better evaluate the performance of all organizational units and product lines, reducing total operating expense by 2.5% in 2013
- Implemented credit analytics to measure and monitor underwriting standards and risk in the lending portfolio
President/Chief Executive Officer
Carolina Cooperative FCU
Charlotte, NC
10.2007 - 08.2011
- Led a credit union with 5 branches and a team of 23 managers and staff
- Assisted the Board in leading and directing the strategic direction of the credit union
- Stopped seven years of 45% membership decline in 2 months and grew membership over 20% in the following 4 years
- Restored integrity of general ledger accounts to GAAP standards
- Developed procedures to effectively manage 5 full-service branches in 3 counties and achieved record levels of member satisfaction while managing through the Great Recession
- Executed investment strategies to maintain among the highest ROI in the industry and liquidity using the rolling down the yield curve strategy
- Maintained more than twice the average ROI of the industry in 2011
Chief Financial Officer
Baptist Health South Florida FCU
Kendall, FL
05.2006 - 09.2007
- Led and coordinated all accounting, investments, cash management, auditing, risk management and back office support functions
- Supervised internal and external financial reporting
- Prepared and presented financial statements and asset liability management reports to board and examiners
- Participated in short-and long-term strategic planning to ensure high organizational performance
- Prepared quarterly 5300 reports
- Improved the integrity of the general ledger accounts, enabling credit union to receive an opinion audit for September 30, 2006, previously unachievable in 2005
- Improved ALM, cash management and investment functions and by the end of 2006 the NCUA removed the credit union from the list of troubled credit unions
Accounting Manager
Eastern Financial Florida Credit Union
Miramar, FL
05.1994 - 05.2006
- Directed all operational functions of the accounting department
- Created monthly consolidation entries
- Managed and reviewed internal and external financial reporting
- Guided cost accounting and the annual budget
- Monitored, investigated and reconciled inter-company charges
- Liaised/facilitated audits for external auditors and examiners
- Responsible for quarterly NCUA 5300 report
- Supervised and coordinated the Accounts Payable process
Education
Bachelor of Arts - Finance
Florida International University
Skills
- Accounting & Financial Management
- Cost Accounting
- Strategic Planning
- Budgeting & Analysis
- Investment & Liquidity Management
- Asset Liability Management
- Growth Strategy Development
- Financial Analysis & Reporting
- Product Development
- Coaching & Mentoring
- Staff Development
- Payroll
- Accounts Payable/Receivable
Accomplishments
- Goodwill Industries Cornerstone Award for Community Service, 2010
- Credit Union Times, https://www.cutimes.com/2011/05/11/members-get-a-second-chance-with-niche-financing/?slreturn=20201102165015, Featured for Strategic Vendor Partnership
Timeline
Chief Financial Officer
GHS Federal Credit Union
06.2021 - Current
VP & Chief Financial Officer
Hudson River Financial FCU
12.2013 - Current
Chief Financial Officer & ALCO Committee Chair
Ticonderoga FCU
04.2012 - 12.2013
President/Chief Executive Officer
Carolina Cooperative FCU
10.2007 - 08.2011
Chief Financial Officer
Baptist Health South Florida FCU
05.2006 - 09.2007
Accounting Manager
Eastern Financial Florida Credit Union
05.1994 - 05.2006
Bachelor of Arts - Finance
Florida International University