Position Summary

Leads the planning, oversight, and direction of the Credit Union’s accounting operations, budgeting, financial reporting, investment management, asset/liability management, and related financial controls. Serves as a strategic advisor to the President/CEO and Board of Directors on financial policies, systems, programs, and procedures to support accurate reporting, effective oversight, compliance with generally accepted accounting principles (GAAP), and applicable regulatory requirements. Also serves as the Credit Union’s Investment Officer.

Essential Duties and Responsibilities

Financial Management and Reporting

· Oversee budgeting, accounting, owned real estate, and related financial operations for the Credit Union.

· Evaluate the organization’s financial position and deliver periodic financial and operational reports that accurately reflect the Credit Union’s performance and condition.

· Lead the annual budgeting, forecasting, and financial performance review process, including variance analysis and reporting to senior management and the Board as appropriate.

· Prepare required and recurring reports that summarize and forecast business activity and financial performance, including assets, liabilities, income, expenses, and earnings.

· Present financial reports, investment updates, budget information, and related financial analyses to the President/CEO and Board of Directors, as applicable.

· Monitor and manage the Credit Union’s capital and liquidity position and recommend strategies to support financial strength, growth objectives, and regulatory compliance.

Accounting Controls and Regulatory Compliance

· Lead departmental staff in developing and maintaining systems, procedures, and internal controls that ensure accurate records, effective financial oversight, and high-quality accounting services.

· Partner with external auditors and federal Credit Union examiners to ensure compliance with applicable laws, regulations, FASB standards, and GAAP.

· Support regulatory examinations and audit activities by coordinating financial, investment, accounting, liquidity, and ALM-related information and responses.

· Collaborate with management to identify reporting and information requirements driven by operational needs, regulatory expectations, and board policy.

· Review policies, procedures, objectives, and goals within areas of responsibility to ensure alignment with organizational priorities and compliance with applicable laws and regulations.

· Coordinate regulatory compliance activities and reporting requirements for assigned areas of responsibility.

· Oversee financial internal controls, audit responses, and remediation activities within assigned areas of responsibility.

· Oversee insurance programs, including fidelity, surety, liability, and property.

Investment and Asset/Liability Management

· Serve as the Credit Union’s Investment Officer

· Manage corporate Credit Union and investment accounts, including reconciliations, fund transfers, regulatory reporting updates, and payments related to expenses and asset purchases.

· Evaluate investment data, including price, yield, stability, and projected trends, to support decisions aligned with the Credit Union’s investment policies.

· Assess and summarize short- and long-term trends in investment risk and the economic factors affecting investment performance.

· Execute investment transactions with brokers in accordance with approved investment policies.

· Recommend updates to investment policy to support sound portfolio management and regulatory compliance.

· Analyze economic, business, and financial trends and assess their impact on organizational strategy, policies, and operations.

Strategic Leadership and Organizational Support

· Develop, present, and execute the Finance Department’s portion of the Credit Union’s strategic plan.

· Participate as a member of the executive management team in strategic planning, policy development, risk assessment, and cross-functional organizational initiatives.

· Serve as a member of the Disaster Recovery Team.

· Serve as a member of the E-Commerce Team.

· Serve as a member of the Asset Liability Management Team.

· Perform other duties as assigned by the President/CEO to support the efficient and effective operation of the Credit Union.

Qualifications

· Bachelor’s degree in business administration, finance, accounting, or a related field required. An advanced degree or professional designation relevant to finance, accounting, investments, or executive leadership is preferred.

· Minimum of seven years of progressive experience in a financial institution, including leadership responsibility; credit union experience preferred.

· Minimum of five years of management experience, or an equivalent combination of education and experience.

Skills and Abilities

· Strong research skills, including the ability to use industry, regulatory, and professional resources effectively.

· Working knowledge of the Asset Liability Management software (e.g., IPS Sendero) and related operating systems.

· Demonstrated ability to interpret financial results and communicate complex financial information to senior management and the Board of Directors.

· Proficiency in Microsoft Office applications, including Word, Excel, Outlook, and PowerPoint, and the ability to learn and use online training, compliance, and internal operations platforms.

· Ability to operate standard office equipment and technology, including copiers, scanners, and related office tools.

· Ability to use and support the Credit Union’s core banking and data processing systems, including data entry, report generation, account activity review, input requirements, output capabilities, and general system operations.

· Working knowledge of the Credit Union’s operations, products, services, internal systems, data structures, terminology, and operational processes.

· Knowledge of applicable laws, regulations, and guidance, including BSA/AML and OFAC requirements.

· Strong organizational skills and attention to detail, including the ability to manage multiple priorities simultaneously and meet deadlines.

Pay: $146,575.00 - $244,292.00 per year

Benefits:

401(k)
401(k) matching
Dental insurance
Employee assistance program
Flexible spending account
Health insurance
Life insurance
Paid time off
Tuition reimbursement
Vision insurance

Work Location: In person

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Chief Financial Officer