Chief Financial Officer

Prince George's Community Federal Credit Union

Schedule: Full-time

Position Overview

Prince George’s Community Federal Credit Union is seeking an experienced professional to fill the position of Chief Financial Officer. This position is responsible for all practices and activities in the Accounting department and for ensuring compliance with State and Federal rules and regulations. This role manages or conducts (as needed) all auditing, accounting and record keeping activities of the credit union to insure they meet generally accepted accounting principles; and is responsible for the overall fiscal administration of the Credit Union concerning income, expense, assets, liabilities, and capital as a basis for planning and decision-making. This includes, but is not limited to measuring, analyzing, interpreting, reporting, and forecasting of financial and economic activity, regulatory reporting, and trend analysis. Also manages and maintains the Credit Union’s investment portfolio and is responsible for all internal controls, documentation and maintenance of finance and accounting processes. The Chief Financial Officer also represents the Credit Union to regulatory agencies, other financial organizations, trade associations and other institutions.

The ideal candidate is an experienced credit union CFO who is willing to be very hands-on, but may also be a highly-experienced controller, senior accounting and operations manager, or similar professional who is experienced in banking or credit union operations; regulatory compliance and risk management; supervising staff; working with a supervisory board; managing assets, liabilities and investments; budgeting and reporting on all financial activities; and with working in a fast-paced environment requiring a can-do work ethic and hands-on participation and support across department functions.

DUTIES AND RESPONSIBILITIES

• Directly or through subordinates, oversee and manage the financial and accounting functions of the credit union to include: ALM, AP/AR, budgets, collections, GL, financial analysis, financial reporting and record keeping, investments, payroll and taxes.
• Interviews, hires, trains, schedules, assists work to, coaches and counsels, establishes performance expectations, monitors and manages the results of the Accounting department staff; including recommending the training, discipline and/or discharge of subordinate staff, as appropriate, while maintaining required personnel documentation.
• Develop, implement, and evaluate policies and procedures for the Accounting department. Ensure that the policies and procedures reflect current regulations and are communicated to and implemented by subordinates.
• Present monthly reports to the Board of Directors and senior management.
• Participate in determining deposit and loan rates.
• Hold periodic staff meetings. Identify areas of improvement, changes in procedures, new developments, or changes in service. Keep staff up to date on trends and general credit union information.
• Assist in analysis of new branch site and ATM locations and closing of existing branches.
• Serve as credit union’s liaison with regulatory agency examiners and auditors.
• Is responsible for the maintenance and control of all asset, liability and capital accounts of the Credit Union; coordinating with the Executive Management Team asset/liability activities including the preparation of model simulation and projections, etc.; maintaining and updating ALM software; and serving on the Asset Liability Management Committee.
• Is responsible for the original classification, recording, summarization and financial reporting of all income and expenses; and for the development and implementation of internal controls and procedures.
• Assist President/CEO in defining/preparing credit union’s financial goals and annual budget. Projects income, expenses, profits and asset/liability growth. Monitors budget on an on-going basis and provides President/CEO with analytical breakdowns. Analyzes and investigates budget variances. Prepares a variety of financial reports on a monthly, quarterly and year-end basis,. Monitors the Credit Union’s investments and ALM as outlined in PGCFCU’s policies and procedures. Provides President/CEO and Board Members with monthly, and annual reports. Works with a Third-Party Investment firm, monitors the purchases and sales of investments for the Credit Union. Monitors Credit Union’s cash position and manages short term investments.
• Performs reconciliation, research and problem-solving on a variety of general ledger accounts. Utilizes tact and experience-based knowledge to resolve complex accounting problems, explaining specific policies and procedures.
• Utilizes tact and experience-based knowledge to resolve more complex member (internal and external) concerns and operational issues by explaining policies and products while representing the Credit Union in a professional manner and maintaining positive member relations.
• Resolves all annual Supervisory Audit accounting exceptions and appropriate NCUA examination findings. Responsible for accurate and timely completion of regulatory reports.
• Maintains current knowledge of NCUA rules/requirements, general accounting procedures and technology trends related to computerized accounting functions.
• Prepares a variety of monthly and quarterly reports for Asset/Liability Committee, President/CEO and/or Board of Directors including, but not limited to financial statements, tax reports, etc.
• Completes the NCUA Call Report quarterly.
• Performs other managerial, accounting duties, research, or analysis and prepares special reports as assigned by the President/CEO.

Education & Experience

To be considered for this position, a bachelor’s degree in business, accounting or finance is required, with CPA and CCUE qualifications preferred.

Requirements

Additional requirements for this position include:

• Minimum of 7 to 10 years’ experience dealing with banking or credit union accounting required, with previous investment experience preferred
• In-depth knowledge of GAAP, credit union regulations, legislation, financial reporting and data processing required.
• Minimum three years’ previous supervisory experience of professional staff required.
• Excellent verbal, written and interpersonal skills required
• Proficiency with Microsoft Office applications (Word, Excel, Outlook, PowerPoint) as well as other spreadsheet and financial analysis programs required
• Proficiency in Symitar preferred, and with nCino (formerly Visible Equity), Federal Reserve Fedline, Vizo, Eascorp, and Zelle desired but not required.

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