Chief Financial Officer

Abbott Laboratories Employees Credit Union•Gurnee, IL

5h•Hybrid

About The Position

ALEC is one of the largest credit unions in Illinois, backed by the strength and stability of over $1.1 billion in assets. Every day, we work hard to prove our commitment to provide the very best financial products and services to more than 30,000 ALEC members. We welcome bright, service-oriented professionals who want to build their career and help our credit union continue to expand its presence, offerings and the people it serves. ALEC is looking for a CFO to join our team. SUMMARY: The CFO is responsible for the effective management, operation, results and strategic advancement of the Finance, Accounting, and Operations departments.

Requirements

Master’s degree in Business Administration (MBA) or related field, Certified Public Accountant (CPA) designation
8 years of progressive, strategic management experience in an accounting or finance role
Ability to assess, plan and deliver strategic initiatives
Ability to perform job functions independently
Ability to work as part of a team
Ability to resolve complex problems with independent action
Ability to effectively present information to employees, Senior Management and the Board of Directors
Ability to verbally communicate effectively with internal and/or external members
Ability to use computers and job-specific technology/software efficiently
Maintains confidentiality
Performs responsibilities with composure, quality and accuracy under stress of deadlines/requirements
Ability to attract, develop and retain talent and build high performing teams

Responsibilities

Manages the overall financial activities of the credit union, including the preparation and interpretation of financial statements, asset liability management, investing and budgeting
Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives
Prepares all credit union financial statements in accordance with GAAP and applicable federal and state regulatory laws for financial reporting
Produces all financial and statistical reports for presentation to the Board of Directors
Provides management with analysis and advice on the financial implications of business activities
Responsible for the preparation of the annual budget along with financial forecasting
Provides CEO with recommendations to strategically enhance financial performance and business opportunities
Manages and optimizes the organization’s investment portfolio in order to achieve the organizational investment goals of liquidity, safety and return
Oversees and manages the preparation and submission of the 5300 Call Report
Prepares monthly reports and analysis to the ALCO committee
Reports financial results at monthly board meetings
Supervises the budget for the Finance, Accounting, and Operations departments to ensure they are consistent with the overall strategic plan and budget of the credit union
Negotiates significant vendor contracts and completes the vendor management process
Other duties as may be assigned
Responsible for overseeing employees’ performance, identifying development areas, addressing employee relations issues and providing direction, support, training and regular coaching.
Responsible for communicating organizational needs and updates