Full-Time
SVP & CFO
First Entertainment Credit Union
51-200 employees
Member-focused financial services for entertainment industry
Compensation Overview
$285k - $350k/yr
Expert
Hollywood, Los Angeles, CA, USA
This is a hybrid opportunity based in Hollywood, CA.
- Bachelor's degree in Finance, Accounting, Business Administration, or related field is required; CPA or MBA preferred.
- Minimum of 15+ years of progressive experience in financial leadership roles within the financial institution space.
- Strong financial acumen and deep knowledge of financial planning, analysis, and reporting.
- Demonstrated experience in capital raising, investor relations, and strategic financial decision-making.
- Knowledge and experience with member, product and branch profitability models.
- In-depth knowledge of Credit Union products and services, procedures and guidelines, and field of membership requirements.
- Thorough knowledge of regulations applicable to essential responsibilities.
- Exceptional analytical skills and ability to translate financial data into actionable insights.
- Excellent communication and presentation skills, with the ability to effectively engage and influence stakeholders at all levels.
- Exceptional coaching skills within and across business lines. Proven track record of developing talent at all levels.
- Exceptional interpersonal and relationship building skills. Ability to secure buy-ins and alignment with stakeholders.
- Proficient with Microsoft Office software suite with advanced Excel skills.
- Develop and implement financial strategies to support the company’s short-term and long-term goals. Collaborate with the senior leadership team to identify opportunities for growth, cost optimization, and risk mitigation.
- Formulate the company’s future direction by providing input on business plans, financial and tax strategies, budgeting, and forecasting.
- Offer guidance in the Company’s longer-term business planning, evaluating future business pipeline in combination with financial considerations, including working capital needs, capacity planning, liquidity availability and so forth.
- Develop comprehensive business plans for new initiatives, expansion projects, or strategic partnerships. Conduct financial analysis to evaluate the feasibility and potential returns.
- Provide thought leadership to and lead the budgeting process in partnership with key stakeholders in the preparation and development of their budgets.
- Lead our enterprise risk and compliance programs ensuring the efforts and output align with our risk appetite.
- Prepare and present accurate and timely financial reports, statements, and analysis to stakeholders, including the senior executive team and board of directors.
- Implement financial systems, tools, and processes to streamline operations and enhance efficiency while ensuring compliance with regulatory requirements and financial best practices.
- Build and lead a high-performing finance and accounting team, fostering a culture of excellence, collaboration, and continuous improvement.
- Oversee the company's financial operations, including accounting, treasury, financial controls, and reporting functions, ensuring accuracy and compliance.
- Manage relationships with external auditors, tax advisors, and regulatory agencies.
- Build and foster a harmonious team culture, demonstrate the ability to navigate dynamic conversations and harvest support from stakeholders and audience from all levels.
- CPA or MBA preferred.
First Entertainment Credit Union provides banking and financial services specifically designed for its members, primarily those in the entertainment industry, though membership is open to others. The credit union offers a variety of financial products, including term savings certificates, home equity lines of credit, debt consolidation loans, auto loans, and insurance products. They also provide investment services and emphasize financial education through free webinars and online tools like financial calculators. Unlike traditional banks, First Entertainment Credit Union focuses on member satisfaction by offering lower rates and better terms, aiming to build long-term relationships with its members.
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Los Angeles, California
Founded
1967
Simplify's Take
What believers are saying
- Partnerships with organizations like The Academy of Magical Arts enhance industry-specific services.
- Commitment to sustainability aligns with growing demand for green financial practices.
- Home Rewards Program adds value to members, enhancing homeownership feasibility.
What critics are saying
- Competition from digital-only banks and fintechs may erode market share.
- Entertainment industry volatility could impact members' financial stability and loan repayments.
- Increased regulatory scrutiny on ESG practices may raise compliance costs.
What makes First Entertainment Credit Union unique
- Focuses on entertainment industry, offering tailored financial products for creators and crew.
- Emphasizes financial education with webinars and seminars for informed decision-making.
- Strong community support through initiatives like Union Dues Sweepstakes and climate summit participation.
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Benefits
Health Insurance
401(k) Retirement Plan
Profit Sharing
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
Professional Development Budget
Tuition Reimbursement
Wellness Program
Hybrid Work Options
Company News
HOLLYWOOD, Calif., June 3, 2025 /PRNewswire/ -- As the entertainment industry continues to transform, union and guild membership is a vital source of protection, advocacy, and community for many entertainment workers. Understanding the importance of union and guild membership, First Entertainment Credit Union launched its Union Dues Sweepstakes to support the creators and crew members who keep entertainment moving forward.Based in Hollywood but serving the needs of our members wherever they work, First Entertainment consistently seeks new and innovative ways to help its members. This latest effort helped to highlight the importance of guild participation and membership, and the winner of this sweepstakes had their union dues forgiven."We understand the financial challenges entertainment workers face," said Stephen Owen, President and CEO of First Entertainment. "That's why we're committed to practical support, like helping members stay current on dues so they can keep working. The response to our sweepstakes showed how important it is for institutions to stand behind their communities."For Robert B., a propmaker and proud member of International Alliance of Theatrical Stage Employees (IATSE) Local 44, the sweepstakes brought timely support."I love prop making and working on old buildings, but it's been a real tough couple of years," Robert shared. "[Winning the sweepstakes] has been an incredible relief."His story highlights the reality of navigating project-based work in entertainment and the value of support from organizations that understand the industry."At First Entertainment, we're proud to serve the entertainment community and its evolving needs," added Owen
HOLLYWOOD, Calif., June 2, 2025 /PRNewswire/ -- The entertainment industry doesn't just shape culture, it influences how we imagine, discuss, and ultimately build the future. As climate concerns take center stage globally, entertainment professionals are stepping up to use their platforms to champion this cause both on and off screen.In support of this momentum, First Entertainment Credit Union, the premier financial partner to creators in entertainment, is proud to join the 2025 Hollywood Climate Summit, standing in solidarity with the storytellers, crews, and changemakers driving climate action from inside the industry.Set to take place June 2nd through 4th in Los Angeles, the 2025 Hollywood Climate Summit has grown into a platform for climate advocates, artists, and entertainment professionals to collaborate on bold action. First Entertainment's support of the Hollywood Climate Summit is part of its broader commitment to supporting the causes of people who bring entertainment to life, both on set and the world they live in."At First Entertainment, we support our community by standing with them on the issues they care about," said Addie Allison, Senior Vice President and Chief Experience Officer of First Entertainment Credit Union. "Sustainability and its long-term impact matters to our members, and we're honored to support the people using their platforms to lead meaningful change."As an organization committed to environmentally sensitive business practices, First Entertainment continues to reduce its environmental impact while championing green initiatives that align with the values of its community. This focus on sustainability is part of the credit union's broader mission to foster purposeful partnerships and people-first solutions. The Hollywood Climate Summit aligns with this mission, creating space for authentic storytelling, practical skill-building, and deep cross-sector collaboration.As the entertainment industry confronts climate-related challenges, creators are increasingly asking how their work, and the companies behind them, can be part of the solution."Our members are the driving force behind entertainment and are shaping how it evolves," said Allison
When Firstent launched its Union Dues Sweepstakes, the goal was simple: highlight the importance of union and guild membership while giving back to its community.
In response to the devastating wildfires in Los Angeles, First Entertainment reinforces its commitment by giving financial support to entertainment industry guilds and community organizations for those affected HOLLYWOOD, Calif., March 5, 2025 /PRNewswire/ -- First Entertainment Credit Union, the premier financial partner for creators and below the line professionals in the entertainment industry, has made a donation of $75,000 to support individuals affected by the recent Los Angeles wildfires. These funds will provide aid to local industry organizations in their relief efforts as the community heals
Firstent also partnered with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco), a member-driven cooperative helping local lenders in California, to provide these donations.