Chief Financial Officer

ICCU•Chubbuck, ID

About The Position

This person provides visionary leadership for all Accounting, Finance, Consumer Compliance, Audit, Enterprise Risk Management, Legal, Internal Audit, Purchasing and Third-Party Risk Management functions. Responsible for driving financial performance, ensuring regulatory compliance, managing enterprise risk, and enabling organizational growth. Duties and Responsibilities: As a strategic partner to the CEO and Board, help set overall Credit Union strategies, long-term financial planning, Board Scorecard metrics, and assist in their achievement. Ability to build strong, collaborative working relationships with fellow executive leaders and to operate effectively as part of a unified executive leadership team in support of the Credit Union’s culture and organizational goals. Oversee key strategies and goals impacting specific areas of responsibility. Responsible for preparation and verification of monthly financial statements including verification of all general ledger entries, fixed transactions, internal and external accounts, and performing month end adjustments. Responsible for all aspects of reporting to the Board of Directors, the Supervisory Committee, internal auditors, financial statement auditors, regulators, etc. Interpret data, analyze reports, and recommend action to be Oversee, analyze and prepare special reports and projects. Oversee the investment portfolio. Ensure it achieves the Credit Union objectives. Approve and review rates earned on investments. Work closely with lending and deposits to help determine strategies for loan and deposit rates. Ensure all parties manage rates to ensure proper focus on net interest margin. Maintain a strong knowledge of accounting principles and practices, risk management techniques, financial principles and tools and strategies. Responsible for preparation of annual budget and ensure departments manage within it. Responsible for reports to the State of Idaho Department of Finance, the NCUA, the Consumer Financial Protection Bureau, and Federal Reserve Bank. Implement, maintain, and revise Internal Controls and related Responsible to implement, oversee, monitor, review, and adjust, the Asset Liability Management and Liquidity policies, procedures, and Oversee development of the Annual Capital Plan which serves as a strategic roadmap to ensure sufficient financial strength to support operations, growth, and risk management. Ensure the Capital Plan meets all regulatory requirements. Oversee and manage the credit union’s derivative program, a tool which helps manage interest rate risk. Ensure the program is fully compliant with regulatory requirements. Oversee and manage the Credit Union’s Subordinated Debt. Ensure it is being used to strengthen the capital base and support strategic growth. Ensure it is fully compliant with regulatory requirements. Ensure regular updates with rating agencies. Implement, oversee, monitor, review, and adjust the Enterprise Risk Management programs. Work with auditors and examiners to perform the annual financial statement audit, internal audit, and regulatory Assist with potential mergers and acquisitions by analyzing market and financial implications and giving input on the potential ramifications. Develop appropriate succession plans for teams and current position.

Requirements

Bachelor’s Degree with emphasis in Accounting or Finance
10 years experience in accounting and/or finance with financial institution experience preferred.
5 years management experience.
Excellent math skills and basic computer knowledge.
Good communication and interpersonal skills.
Ten key, data entry, and typing experience.
Ability to maintain the confidentiality of Credit Union and member records at all times.
Ability to maintain and balance accounts accurately.
Must be accurate and reliable.
Be able to diagnose problems.
Ability to learn other duties quickly.
Understanding of general accepted accounting principles and NCUA accounting regulations.
Understanding of Asset Liability Management and Liquidity principles and strategies.
Understanding of Risk Management principles and strategies.
Understanding of finance principles and strategies.
Professional in appearance, attendance, quality, and quantity of work performed.
Ability to work without supervision.
Must be willing to comply with the Bank Secrecy Act and USA Patriot Act as implemented by Idaho Central Credit Union.
Perform tasks requiring manual dexterity (processing paperwork, filing, stapling, sorting, collating, typing, counting cash, etc.).
Sit for extended periods of time.
Lift 20-40 pounds of applicable supplies including but not limited to copy paper, cash drawers, marketing material, etc.
Repetitive motion using wrists, hands, and fingers.
Reach keyboards.
Ability to operate basic office machines (calculator, computer, telephone, copy machine, fax machine, etc.).
Must be eligible for membership at ICCU to obtain employment.

Nice To Haves

Certified Public Accountant Certificate preferred.
financial institution experience preferred.

Responsibilities

Provide visionary leadership for all Accounting, Finance, Consumer Compliance, Audit, Enterprise Risk Management, Legal, Internal Audit, Purchasing and Third-Party Risk Management functions.
Drive financial performance.
Ensure regulatory compliance.
Manage enterprise risk.
Enable organizational growth.
Help set overall Credit Union strategies, long-term financial planning, Board Scorecard metrics, and assist in their achievement.
Build strong, collaborative working relationships with fellow executive leaders and to operate effectively as part of a unified executive leadership team in support of the Credit Union’s culture and organizational goals.
Oversee key strategies and goals impacting specific areas of responsibility.
Responsible for preparation and verification of monthly financial statements including verification of all general ledger entries, fixed transactions, internal and external accounts, and performing month end adjustments.
Responsible for all aspects of reporting to the Board of Directors, the Supervisory Committee, internal auditors, financial statement auditors, regulators, etc.
Interpret data, analyze reports, and recommend action to be Oversee, analyze and prepare special reports and projects.
Oversee the investment portfolio.
Approve and review rates earned on investments.
Work closely with lending and deposits to help determine strategies for loan and deposit rates.
Ensure all parties manage rates to ensure proper focus on net interest margin.
Maintain a strong knowledge of accounting principles and practices, risk management techniques, financial principles and tools and strategies.
Responsible for preparation of annual budget and ensure departments manage within it.
Responsible for reports to the State of Idaho Department of Finance, the NCUA, the Consumer Financial Protection Bureau, and Federal Reserve Bank.
Implement, maintain, and revise Internal Controls and related Responsible to implement, oversee, monitor, review, and adjust, the Asset Liability Management and Liquidity policies, procedures, and
Oversee development of the Annual Capital Plan which serves as a strategic roadmap to ensure sufficient financial strength to support operations, growth, and risk management.
Oversee and manage the credit union’s derivative program, a tool which helps manage interest rate risk.
Oversee and manage the Credit Union’s Subordinated Debt.
Implement, oversee, monitor, review, and adjust the Enterprise Risk Management programs.
Work with auditors and examiners to perform the annual financial statement audit, internal audit, and regulatory
Assist with potential mergers and acquisitions by analyzing market and financial implications and giving input on the potential ramifications.
Develop appropriate succession plans for teams and current position.