Chief Financial Officer

Position Description:

The Chief Financial Officer (CFO) is a vital organizational leader responsible for critical activities related to organizational financial operations and strategy as well as business planning and forecasting efforts of CCF. The CFO will drive the performance of the accounting processes within CCF, be responsible for optimizing the finance and accounting functions, and actively reinforcing our team-based, performance-oriented culture by developing team members to their highest potential. This pivotal role will actively seek opportunities to enhance operations, mitigate risks, and leverage investments to support the Credit Union's mission and long-term strategic direction. This role is responsible for the primary oversight of budgeting, accounting, interest rate risk, liquidity management, and other critical risk factors, alongside promoting appropriate and intentional organizational growth. The position will direct and coordinate a broad range of activities associated with the financial affairs of the credit union and establish major economic and financial objectives/policies in alliance with the CU's strategic plan, Mission, Vision, Goals and Service Promises.

What You'll Do in This Role:

• Partners with the CEO and organizational leadership to identify and address financial strategies and opportunities for growth while maintaining discipline in cost management, financial management, near and long-term forecasting and strategic planning, and reporting. Provide critical and strategic financial insight to the leadership team through analysis and study of general economic, business, and financial conditions and their impact on the organization including long-range forecasting for the organization.
• Analyzes organizational financial and operational statistics and make recommendations to obtain optimum efficiency, appropriate resource allocation, expense reduction, and growth opportunities for the credit union.
• Oversees, analyzes, and directs the finance and accounting operations of the organization, including budgeting, auditing, accounting, purchasing, and insurance activities. Directs the preparation and evaluation of budgets and capital plans, as well as analyzing department budgets and allocating operating budgets.
• Directs and provides oversight over the preparation of financial reports, including income statements, balance sheets, and reports for regulatory agencies and the Board of Directors.
• Directs the credit union's investment activities as custodian of funds, securities, and assets of the organization. Promotes the credit union in financial markets to assure sources of capital.
• Leads accounting team members to maximize productivity, efficiency, and effectiveness of the department. This includes hiring, directing job assignments, monitoring staff performance, coaching, development, training, assuring compliance with regulatory requirements and CCF's Mission, Vision, Goals, and Service Promises. Appraises performance and provide recommendations for staff compensation, promotion, development, and termination, as appropriate.
• Analyzes CCF's financial position and issues monthly, quarterly, and yearly reports on the organization's financial stability, liquidity, and growth. Completes and submits regulatory reporting, including the call report, in a timely manner on behalf of the CU. Analyzes, consolidates, and directs all cost accounting procedures together with other statistical and routine reports.
• Establish and maintain appropriate internal control safeguards through the formulation and execution of CCF's ALM, Concentrated Risk, Interest Rate Risk, Liquidity, and Investment Management and practices and policies, ensuring annual review with the Board of Directors. Develops and enforces financial policies to ensure sound decision-making and proper compliance and accounting for all assets and securities. Analyzes and monitors CCF's adherence financial policies, oversees ALM preparation and chairs the ALM Committee.
• Oversees reporting to regulatory authorities and collaborates with auditors on year end and comprehensive audits. Ensure compliance with financial regulations and internal policies.
• Must comply with applicable laws and regulations, including but not limited to generally accepted accounting principles, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control, in addition to all company policies.

What You'll Bring To CCF:

• Five to ten years of similar or related experience, including time spent in preparatory positions.
• A postgraduate degree (similar to a CPA, or MBA).
• Proficient in generally accepted accounting principles and all State and Federal regulations, including those affecting the company's finance function.
• Experience in budget forecasting and regulatory reporting required.
• Proficient in the Microsoft suite of products including Word, Excel, Outlook, and PowerPoint.
• Experience in investment strategies and management of liquidity and investment portfolios.
• 4-6 years management experience in a related field or financial institution.
• Experience with not-for-profit work or a mission-based organization preferred.
• Ability to analyze data and make recommendations with acute attention to detail.
• Demonstrated ability to lead, manage, and motive employees to action through performance management, training, coaching, recognition and development.
• Ability to work effectively in a team setting.
• Ability to meet or exceed deadlines.

What You'll Get Working At CCF:

• Working with an energetic team focused on making our members financially successful!
• An opportunity to work with others that have your back every step of the way!
• An opportunity to grow your career and do amazing things!
• Opportunities to make a difference both inside and outside of our walls!
• Being treated like you are more than the work you do!

EOE

Location: Auburn Hills, MI. Potential for hybrid after 3-6 months.