Chief Financial Officer

Blackhawk Community Credit Union•Janesville, WI

About The Position

The Chief Financial Officer is responsible for managing the movement of money through the credit union, identifying and managing acceptable levels of risk, and supporting the organization’s safety, security, profitability, and efficiency. The role oversees finance and accounting activities and owns financial and accounting strategies, payment systems policies and procedures, risk management functions, account resolutions, and underwriting procedures. The CFO ensures the quality and accuracy of accounting and bookkeeping, including accounts payable, payroll, the general ledger, and daily cash control. The role conducts financial analysis, prepares financial reports and annual operating and capital budgets, oversees day-to-day investments, and advises senior management and the Board on financial matters. The CFO also works with auditors and examiners, monitors market and regulatory developments, serves as staff liaison to the ALCO, and leads and develops direct reports.

Requirements

Extensive experience in finance or accounting within a financial institution.
Familiarity with IT systems, such as core databases, project management software, business intelligence solutions, and online databases.
Strong leadership skills, a positive attitude, and a desire to help people.
Ability to identify opportunities for financial improvement, communicate recommendations, and provide support.
Excellent verbal and written communication skills.
Ability to project a professional image.
Pass the pre-employment credit and background check.
Bachelor’s degree or equivalent knowledge, skills, and abilities typically acquired through work experience.
Fifteen years of previous management experience, preferably in finance or accounting at a financial institution.
Ability to communicate with a diverse membership and employee group.
Ability to use computers and technology to accomplish the responsibilities.
Ability to sit and/or stand for extended periods and work in a changing, challenging, fast-paced environment.

Nice To Haves

CPA license or CFA certification.
Previous executive-level experience in a credit union.
Extensive knowledge of banking and/or credit union regulations.

Responsibilities

Coordinate finance and accounting activities by delegating responsibilities to appropriate managers and staff.
Analyze data and implement improvements or changes aligned with organizational goals.
Own financial and accounting strategies, payment systems policies and procedures, risk management functions, and account resolution and underwriting procedures.
Review and evaluate related policies, procedures, and methods to ensure resources are allocated properly.
Follow established processes and procedures to ensure compliance with the Bank Secrecy Act and complete required annual BSA training.
Make recommendations to senior management and/or the Board of Directors on accounting, ALM, data processing, and investment matters, and develop objectives consistent with Board or Committee requests.
Ensure the quality and accuracy of general accounting and bookkeeping, including accounts payable, payroll, general ledger, and daily cash control; maintain general ledger integrity, GAAP adherence, and verification of monthly journal entries.
Perform financial analysis for ALM, cash flow, service costing, and department costing.
Prepare regular financial reports, including P&L, balance sheet, and cash flow statements, and present them to the President as scheduled.
Prepare annual operating and capital spending budgets consistent with the strategic plan.
Collect and analyze data, prepare reports, and make recommendations on special projects as requested by the President or Board.
Evaluate and decide on day-to-day investments of credit union funds for adequate returns and security in accordance with policy; recommend investment policy changes or enhancements.
Serve as the credit union’s liaison with examiners and auditors and assist them in reviewing financial accounts.
Monitor market conditions, key economic data, and regulatory changes that may affect the credit union’s financial performance.
Serve as staff liaison to the ALCO and hold quarterly committee meetings.
Seek opportunities to improve programs, procedures, operational efficiency, and productivity.
Evaluate industry standards, practices, rates, and methods to maintain competitiveness.
Promote teamwork and collaboration, and coach, mentor, and train direct reports to support their personal and professional growth.
Plan and conduct department meetings.
Implement management strategies and participate in policy decisions.
Serve on committees as required.
Participate as a member of the Senior Management Team in meetings and planning sessions.
Complete special projects as assigned.