SVP/Chief Financial Officer

Responsible for directing, coordinating, maintaining, and controlling all financial transactions and activities of the Credit Union in accordance with the Generally Accepted Accounting Principles and regulatory guidelines. Ensures the accounting and financial activities are carried out in accordance with established legal, regulatory, and Credit Union procedures. Oversees the Asset Liability Management Reporting software and processes. Leads the Asset Liability and Funds Management Committee. Responsible for investment analysis and oversight of the investment portfolio. People leader for the Accounting and Finance department.

ESSENTIAL FUNCTIONS AND BASIC DUTIES :

• Oversees all the financial activities of the Credit Union as they are recorded through the automated and manual journal entry processes.
• Works in conjunction with the Board, CEO, and senior management to prepare the annual budget and ongoing forecasts.
• Creates short- and long-term goals for the accounting department that fit within the scope and direction of the Credit Union and senior management team.
• Responsible for development, training, and performance appraisals for all Accounting and Deposit Operations staff.
• Oversees the preparation of all monthly and quarterly financial statements for the Board and for regulatory reporting requirements.
• Works in conjunction with the Mortgage Department to complete loan sales to Fannie Mae.
• Prepares and monitors the accounting budgets and strategic business plans.
• Thorough knowledge of financial and accounting practices and procedures.
• Knowledge of PC software, accrual accounting, and asset / liability management procedures. Understanding of governmental regulations and reporting requirements.
• Prepares analysis for investment purchases and monitors outstanding investment portfolio.
• Ensures all reconciliations are completed timely and any research items are resolved within 90 days.
• Ensures the integrity and accuracy of items moving through the general ledger accounts.
• Ensures the asset liability management software is updated in a timely manner. Completes the monthly ALM analysis and twice per year ensures outside validation of the ALM model.
• Represents the credit union at external functions and attends board meetings and reports on assigned areas requested by the President / CEO.
• Conducts the monthly ALCO meetings to ensure the Committee has proper information to set the direction for the Credit Union in terms of interest rate, duration, and liquidity risks.
• Holds periodic staff meetings. Identifies areas for improvement, changes in procedures, new developments, or changes in services. Keeps staff up to date on trends and general credit union information.
• Represents the Credit Union to various trade professionals and groups.
• Serves as a liaison between the Credit Union and regulators / auditors.
• Develops and implements audit procedures. Performs internal audit for back-office accounting and assists with front office auditing at various levels. Monitors for compliance with generally accepted accounting principles. Creates appropriate reports for management, outside auditors, and supervisory committee.
• Assists with vendor negotiation and major purchasing decisions for capital equipment or other capital asset expenditures.
• Oversees the preparation of Federal and State wage and tax reports.
• Assists in developing and fostering a “winning” culture within the Credit Union that is evident in both member and staff feedback.
• 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

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