Posting Date: 08/12/2025

Job Number: 25-13

Position: Chief Financial Officer, Banking

Location: McMinnville, Oregon (on-site)

Hours Per Week: Full Time - Exempt

We are seeking an experienced Chief Financial Officer (CFO) to provide leadership in the development of and continuous evaluation of strategic financial objectives. The CFO directs and oversees all aspects of Accounting for the Association and provides executive management and the Board of Directors with strategic advice and guidance on financial implications of business activities.

About The Role

Chief Financial Officer is a single-position classification and is accountable for the financial and fiscal management of Association operations, including accounting and finance operations to insure compliance with common industry practices, generally accepted accounting practices (GAAP) and federal rules and regulations. Manage cash and investment position to assure greatest return on investment and positive cash flow status of the organization and consideration of interest rate risk. Chief Financial Officer is a member of the executive management team.

Key Responsibilities

Financial Reporting: Directs accounting team to ensure that financial reporting objectives are met.
- Ensure that the financial close and control review is completed timely.
- Serves as an acting member of the ALCO Committee and non-voting member of the Finance Committee of the Board.
- Prepare for and participate in ALCO committee meetings.
- Prepare board and financial reports.
- Manage the ALM model, producing reports and presenting to senior management and the Board.
- Manage investment portfolio performance review and strategy.
- Liaison with external auditors and regulatory examiners.
- Prepare budget and 3 year forecast and provide monitoring report monthly.
- Prepare ALLL calculation and narrative.
- Utilize risk management software to provide management with models on interest rate risk, potential strategies in varying interest rate environments.
- Perform liquidity calculation and stress testing
- Perform ALM and Capital stress testing
- Assist in annual risk assessment project and vendor management program evaluations.
- Manage strategic plan for the Accounting Department and participate in providing quarterly update to the Board.

Bank Administration

Responsible for management of the Association Vendor Management Program and will participate in creation and evaluation of risk assessments.
Oversee company insurance programs including but not limited to; building liability, D & O, EPLI, auto, E & O Etc.
Will participate in negotiating contracts with vendors, contractors and others and works with outside counsel as needed on same.
Will function as a back-up on payroll and be expected to maintain an up-to-date understanding of this program.

Audits and Examinations: Will function as the primary contact for responding to and managing document flow for external audits.

Participate as a non-voting member of the Audit Committee of the Board of Directors, working closely with Audit Chair to develop agenda.
Create and maintain the audit matrix, ensure audit exception logs are completed and provide monthly reports to the Board on completed and upcoming audits.
Participate as a member of the CRA Committee, including making board presentations as needed.
Assist the Board and executive management in sourcing and evaluating various external audit firms.
Serves as primary contact for external audit requests, ensuring timely submission of audit materials as requested.

Supervision: Supervises Accounting staff to ensure maximum productivity and contribution of personnel.

Interviews, hires, and directs all relevant job positions within the Accounting Department. Monitors staff performance and department morale, conducts disciplinary interviews and assist HR in the preparation of written documentation when necessary.
Ensures that proper authority is delegated to Accounting team in accordance with Association policy and procedure.
Hold regular staff meetings to ensure effective communication of Association information facilitate training and solicit suggestions for efficiencies.

Compliance Management

Maintain the Accounting Department calendar of reporting requirements to ensure timely completion quarterly and annual regulatory reporting.
Responsible for active participation in and completion of assigned Enterprise Risk Management processes.
Adhere to First Federal's BSA/AML policies, procedures and processes.
Complete required compliance training and ensure that staff fully meet expectations in this area, including BSA/AML training programs and be able to pass tests to demonstrate your knowledge of these regulations.
Immediately report suspicious activity covered under the Bank Secrecy Act to the BSA Officer and be aware that noncompliance could mean a demotion, reassignment, or termination of employment. Violators can face significant civil and criminal penalties.

Communication: Performs a variety of written and verbal communication tasks and projects in order to ensure satisfactory completion/implementation of work or projects

Responsible for communication of the Association's financial plan and direction.
Coordinates and conducts staff, management, and committee meeting presentations. Make presentations to Board of Directors as necessary.
Authors formal and informal written communiques for internal and/or external customers, management, employees, etc.
Facilitates critical business meetings requiring negotiation, strategic planning, etc.
Responsible for communication of time frames developed/established for accounting/finance related projects.
Contribute leadership to the community and attend community functions and special events sponsored by service clubs and Chamber. Support industry organizations such as Oregon Bankers Association and hold offices or committee assignments when elected or invited.

Other Duties - Will perform other duties as assigned by the President/CEO and the Board of Directors.

What You Bring

Minimum Job Requirements:
- Four-year college degree with a major in Accounting, Finance or Economics and a minimum of 8 years of experience. Financial institution experience, CPA, MBA, or Banking School certificate preferred.
- Prior experience in interest rate risk, capital markets and investment, liquidity and asset liability management preferred.
- Proven leadership and delegation skills.
- Excellent problem solving skills.
- Proficient in the use of Microsoft Office Products, accounting software applications and various company systems.
- Excellent written and verbal communications skills.
- Effective interpersonal skills to relate to a variety of managers, executives, directors, customers, and employees; public relations skills; tact, diplomacy, and patience.
- Ability to use good judgment and make appropriate decisions.
- Demonstrated effective time management and organizational skills.
- Ability to manage highly confidential information.
- Ability to work on several projects simultaneously and with a variety of employees, managers, executives, etc. Ability to work under pressure with constant interruptions.
- Valid state driver's license and proof of automobile insurance.
- Ability to meet bonding requirements for employment purposes.

Why Join Us?

Impactful Leadership Role: You'll have the opportunity to shape the direction of our risk management strategies while partnering with leaders across the organization.
Collaborative Environment: Join a dynamic team that values your input and works together to achieve ambitious compliance and risk management goals.
Competitive Compensation: We offer a competitive salary and benefits package, along with opportunities for growth and development.
We're Great!: Named 100 Best Companies to Work for in Oregon, 2023, 2024, and 2025

Pre-Employment Requirements: This position will have access to cash, financial instruments, financial transactions or confidential customer financial information. As a result, the following pre-employment screens are required.

Pre-employment drug screen (excluding Marijuana)
Criminal background screen
Consumer credit report

Applications: Applications for employment are available online at First Federal at https://firstfed.applicantpool.com/jobs/

Deadline for Application: Position will remain open until filled

First Federal is an Equal Opportunity Employer-Vets/Disabled, committed to a diverse workforce. First Federal participates in the Federal E-Verify Program and is an Affirmative Action Employer. If you need assistance with completion of an application for employment, please contact the Human Resources Department at 503-435-3216 or email humanresources@firstfedweb.com.

First Atlantic Federal Credit Union

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Chief Financial Officer, Banking