Chief Financial Officer

Veridian Credit Union•Cedar Falls, IA

33d•Hybrid

About The Position

The Chief Financial Officer is responsible for developing the strategic direction for the divisions of Internal Audit, Accounting, and Finance at the credit union. The position provides strategic leadership by articulating each division's needs and plans to the Executive Team and the Board of Directors.

Requirements

Bachelor's Degree.
Five years of leadership experience in a management or supervisory role, or ten years of related experience with a proven track record of increasing responsibility, leadership, and professional growth.
Certified Public Accountant.

Nice To Haves

Master's Degree.
5+ years of experience in a financial institution setting or closely related area.

Responsibilities

Plan the strategies and operations of the divisions of Internal Audit, Accounting, and Finance, including knowledge of relevant laws, regulations, and credit union policies and procedures.
Collaborate with the Management Team on special projects, including research, report preparation, and follow-up.
Work with the Chief Officer team on bank acquisitions and credit union mergers.
Oversee the creation of the annual operating budget for the credit union and The Veridian Group, ensuring alignment with established goals and the long-range plan.
Establish and oversee investment, hedging, securitization, loan participations, and Asset Liability Management strategies, including investments in venture capital funds and CUSO's, in conjunction with the Asset and Liability Management Committee.
Research and determine critical partners for Veridian's success, build and maintain relationships, and hold strategic partners accountable for deliverables. Ensure Veridian provides exceptional service to business partners where Veridian is the service provider.
Monitor primary competitors to assess competitiveness and identify opportunities regarding loan and deposit rates.
Stay informed about regulatory or compliance requirements that may impact financial performance.
Monitor financial results and key metrics of the Credit Union and CUSO, informing the board and management of performance. Identify trends or risk factors for discussion with the Executive Team.
Complete all necessary financial projections for strategic-level decisions.
Oversee the completion of quarterly asset liability management board reports.
Serve as a decision-maker on the Commercial Lending Committee, staying updated on decision-making criteria, risk factors, and loan quality for commercial loans.
Serve as a member on the Asset and Liability Management, Commercial Lending, and 401(K) Investment Committees.
Serve as a board member of The Veridian Group.
Together with the other Executive Team members, manage the Credit Union in the absence of the President/CEO.
Act as liaison to the Audit and Risk Committee.
Provide ongoing coaching to team members to encourage personal, professional, and career development, and clearly define expectations.
Interview and hire qualified applicants, providing initial orientation and ongoing support regarding the organization's mission, vision, values, and leadership culture.
Plan and prepare for the future by being open-minded, perceptive, and proactive, making decisions that support members, the department, and the organization financially and strategically.
Ensure security measures are in place and adhered to regarding PCI and other highly secure data compliance requirements.