Chief Financial Officer
: Job Details :

Employment Type: Full-Time, Hybrid #LI-HYBRID

What you should know about the role

The Chief Financial Officer assists the President/CEO in the oversight of the financial activities of the credit union, directs the preparation of current financial reports and summaries, and creates forecasts predicting future growth. The CFO position is responsible for treasury, budgeting, tax, accounting, asset and liability management, and financial control activities. This position develops and coordinates necessary and appropriate accounting and statistical data and reports. The CFO counsels management on fiscal control and profitability, ensuring the fair measurement and presentation of the company's financial results and condition under U.S. GAAP, and for the safeguarding and optimum use of the organization's assets in order to maximize return.

The CFO directs Accounting, Business Reporting, and Finance, providing leadership, training, and supervision while ensuring compliance with company policies and procedures, applicable state and federal banking regulations and laws. This position must be focused on meeting operational and strategic goals as well as the professional growth, development, and success of their team members.

One of the most essential functions of this position is to drive the credit union's mission by providing outstanding service to both internal and external members while demonstrating the core values of the credit union: Act with Integrity, Drive Progress, Build & Strengthen Relationships, and Keep People at the Core.

Major Duties and Responsibilities

• Manages direct reports to maximize productivity, efficiency, and the potential of the human assets of the company, including hiring, directing job assignments, monitoring staff performance, coaching, counseling, training, and assuring compliance with regulatory requirements and organizational mission, values, policies, and work rules.
• Oversees budget planning, preparation, and administration processes to control operating expenses and achieve the company's strategic objectives.
• Manages and optimizes the investment and borrowing portfolios of Advia Credit Union in order to achieve above-average earnings and safeguard the assets of the financial institution for the membership.
• Monitors interest rate, credit, and portfolio risk status and sets limitations as required for Asset/Liability Management. Identifies ways to reduce interest rate risk and sensitivity. Provides detailed ALCO and Investment reports to Board and Executive Management.
• Proactive outreach and engagement with the community, including utilizing Advia volunteer hours, serving on committees or boards, or other situations that help support Advia's core values and social mission.
• Responsible for the leadership team managing the Analytics team, supporting all analytics needs of Advia CU, including recommending marketing activity, increasing market expansion, and managing product and service delivery.
• Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Experience

Experience in investment strategies and management of liquidity and investment portfolios.

Education/Certifications/Licenses

A college degree and a professional certificate or a post-graduate degree. CFA, CPA, and CMA preferred.

Interpersonal Skills

Work frequently involves contacts requiring considerable discussion of problems, material presentations, and resolving issues impacting multiple departments or divisions. The ability to motivate or influence others is a material part of the job, requiring a significant level of professional diplomacy, trust, and relationship.

Other Skills

Experience in generally accepted accounting principles and all State and Federal regulations affecting the company's finance function.

Experience in budget forecasting and regulatory reporting.

Knowledge of income tax regulations and requirements for Thrift institutions.

Physical Requirements

Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing/descending stairs in emergency situations.

Working Conditions

Must be able to routinely perform work indoors in a climate-controlled private office with minimal noise.

Mental and/or Emotional Requirements

Must be able to perform job functions independently and work effectively either on own or as part of a team; capable of planning and directing the work activities of others.