KEMBA Financial Credit Union
Overview
The Chief Financial Officer (CFO) serves as an integral member of the Executive Management Team and is responsible for shaping the overall vision, planning, and leadership of the Credit Union’s financial health. Through dynamic and hands-on involvement, the CFO participates actively in establishing and executing major goals and objectives of the Credit Union, with a focus on all aspects of financial management. The CFO oversees accounting, asset and liability management, budgeting, capital expenditures, investments, pricing, projections, profitability, liquidity risk, and regulatory management, as well as other departments and financial systems that reflect the Credit Union’s financial position. The CFO ensures compliance with all state and federal regulations and reviews the soundness, adequacy, effectiveness, and proper application of financial controls. Additionally, the CFO leads the development and implementation of effective operational planning and directs all back-office operations related to electronic banking services, including treasury services, ACH, share draft, wire transfer, ATMs, and associated vendor relationships. The CFO also directs and evaluates the performance of the Accounting, Electronic Banking, and Finance Departments.
Duties And Responsibilities
Develops and implements effective financial strategies, objectives, policies, and procedures for the organization
Assists Senior Management in developing short and long-term goals and objectives
Manages the Credit Union’s investment portfolios in conjunction with established Asset Liability strategies, while executing securities and other investment purchases within policy limitations
Leads the Asset and Liability Committee (ALCO) as well as the Loan and Share Committees
Serves as a member of various organizational committees including:
Enterprise Risk Management Committee, both at the Board and Management levels
Charitable Giving Committee
Finance Committee
Technology Information Security Committee
Effectively manages Credit Union risks including loan loss reserve, compliance, profitability, interest rates, and liquidity
Ensures the effective preparation, maintenance, and reporting of internal and external financial records and analyses
Develops the critical financial management information to improve key business decisions
Ensures effective and efficient operations; conducting periodic reviews of existing systems, products, and procedures; provides recommendations regarding improvements in service delivery, processes, and equipment needs, which will further the Credit Union’s objectives
Builds and sustains a highly capable and contributing leadership team consistent with the Credit Union’s culture and goals
Establishes and maintains effective communication and coordination with Credit Union personnel, management, and the board of directors
Ensures effective business relations with vendors, outside auditors and regulators, and with professional trade groups
Assumes responsibility for related duties as required or assigned
Performs all duties in a manner that is fully compliant with applicable industry regulations as well as KEMBA policy and procedures
Develops an understanding of Credit Union history, philosophy, organization, policies, and operational procedures
On a self-directed basis, continues to improve individual level of competency through training and certification on established educational programs
Relates to others beyond giving and receiving instructions:
Communicates with coworkers or peers without exhibiting behavioral extremes
Performs work activities requiring negotiating, instructing, supervising, persuading, or speaking with others
Responds appropriately to feedback
Performs other duties as required
Required Qualifications
Thorough knowledge of financial and accounting practices and procedures of a financial institution
Experience in Fixed Income Portfolio Management
Understanding of governmental regulations and reporting requirements
Competence in related auditing and risk management functions
Understanding of Credit Union operations and information needs
Ability to forecast economic trends and develop strategies to meet desired outcomes
Ability to develop and execute plans
Strong oral and written communication skills
Excellent analytical abilities
Solid organizational skills
Effective supervisory and management skills
Highly competent in the use of products contained within the Microsoft Office suite
Well-developed interpersonal skills and strong ability to build and maintain effective relationships
Commitment to ongoing professional development
Desired Qualifications
Advanced degree, CPA and/or CMA
Financial services industry experience
Education And/Or Experience
Bachelor’s degree in finance, accounting, or related field
Ten or more years of related progressive experience
Five or more years of experience as a controller or CFO
Ten or more years of management experience
CFA or equivalent certification
Physical Demands The physical demands listed below represent those necessary to perform the essential functions of this role. Reasonable accommodation may be provided to enable individuals with disabilities to perform these functions. The employee is regularly required to sit, use their hands, reach with their arms, and communicate verbally and orally. Occasional standing, walking, and lifting of objects up to 25 pounds are required. Vision requirements include close, distance vision, and focus adjustment.
Equity and Employment Details
Seniority level: Executive
Employment type: Full-time
Job function: Strategy/Planning and Information Technology
Industries: Banking
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Duties And Responsibilities
Develops and implements effective financial strategies, objectives, policies, and procedures for the organization
Assists Senior Management in developing short and long-term goals and objectives
Manages the Credit Union’s investment portfolios in conjunction with established Asset Liability strategies, while executing securities and other investment purchases within policy limitations
Leads the Asset and Liability Committee (ALCO) as well as the Loan and Share Committees
Serves as a member of various organizational committees including:
Enterprise Risk Management Committee, both at the Board and Management levels
Charitable Giving Committee
Finance Committee
Technology Information Security Committee
Effectively manages Credit Union risks including loan loss reserve, compliance, profitability, interest rates, and liquidity
Ensures the effective preparation, maintenance, and reporting of internal and external financial records and analyses
Develops the critical financial management information to improve key business decisions
Ensures effective and efficient operations; conducting periodic reviews of existing systems, products, and procedures; provides recommendations regarding improvements in service delivery, processes, and equipment needs, which will further the Credit Union’s objectives
Builds and sustains a highly capable and contributing leadership team consistent with the Credit Union’s culture and goals
Establishes and maintains effective communication and coordination with Credit Union personnel, management, and the board of directors
Ensures effective business relations with vendors, outside auditors and regulators, and with professional trade groups
Assumes responsibility for related duties as required or assigned
Performs all duties in a manner that is fully compliant with applicable industry regulations as well as KEMBA policy and procedures
Develops an understanding of Credit Union history, philosophy, organization, policies, and operational procedures
On a self-directed basis, continues to improve individual level of competency through training and certification on established educational programs
Relates to others beyond giving and receiving instructions:
Communicates with coworkers or peers without exhibiting behavioral extremes
Performs work activities requiring negotiating, instructing, supervising, persuading, or speaking with others
Responds appropriately to feedback
Performs other duties as required
Required Qualifications
Thorough knowledge of financial and accounting practices and procedures of a financial institution
Experience in Fixed Income Portfolio Management
Understanding of governmental regulations and reporting requirements
Competence in related auditing and risk management functions
Understanding of Credit Union operations and information needs
Ability to forecast economic trends and develop strategies to meet desired outcomes
Ability to develop and execute plans
Strong oral and written communication skills
Excellent analytical abilities
Solid organizational skills
Effective supervisory and management skills
Highly competent in the use of products contained within the Microsoft Office suite
Well-developed interpersonal skills and strong ability to build and maintain effective relationships
Commitment to ongoing professional development
Desired Qualifications
Advanced degree, CPA and/or CMA
Financial services industry experience
Education And/Or Experience
Bachelor’s degree in finance, accounting, or related field
Ten or more years of related progressive experience
Five or more years of experience as a controller or CFO
Ten or more years of management experience
CFA or equivalent certification
Physical Demands The physical demands listed below represent those necessary to perform the essential functions of this role. Reasonable accommodation may be provided to enable individuals with disabilities to perform these functions. The employee is regularly required to sit, use their hands, reach with their arms, and communicate verbally and orally. Occasional standing, walking, and lifting of objects up to 25 pounds are required. Vision requirements include close, distance vision, and focus adjustment.
Equity and Employment Details
Seniority level: Executive
Employment type: Full-time
Job function: Strategy/Planning and Information Technology
Industries: Banking
#J-18808-Ljbffr