Keesler Federal Credit Union
Chief Financial Officer 4821
Keesler Federal Credit Union, El Paso, Texas, United States
Pass Road Hqtrs
2602 Pass Road
Biloxi, MS 39531, USA
Description
KEESLER FEDERAL CREDIT UNION is seeking to select a Chief Financial Officer to join our TEAM! Do you thrive in an environment where you are surrounded by a team that is driven, dedicated and authentic? Do you think of advancing your career while being able to make a positive impact? Are you ready to join a team that will celebrate your accomplishments and hold you up when you need support? ONE TEAM PHILOSOPHY
We are a diverse and inclusive company with over 800 team members. Our CEO will be the first to tell you….” Here at Keesler Federal Credit Union, we are ONE TEAM, committed to excellence.” The Keesler Federal Credit Union team has over 75 years of service to over 300,000 members worldwide. We are the largest credit union in Mississippi, with over $4 billion in assets. Keesler Federal Credit Union has received the honor of Mississippi’s Top Rated Credit Union 4 years in a row by Forbes Magazine. We have 39 full-service branch locations covering MS, LA, AL, and three RAF base locations in the United Kingdom. Compensation
An excellent competitive compensation package will be offered to the selected candidate. Keesler Federal Credit Union team members enjoy competitive salaries and a wide range of benefits, some of which include: Medical, dental, and vision insurance Section 125 Flexible Spending Accounts for Health Care and Dependent Care expenses Employee and Dependent Life Insurance 401(k) Retirement Plan with 100% match on the first 5% contributed by you Tuition Reimbursement Short Term & Long Term Disability Benefits The Opportunity
Responsible for assisting the credit union President/CEO in the overall management of the credit union. Directly responsible for the overall management and operation of the following departments: Accounting, Finance, and Corporate Real Estate. The primary responsibility for the Chief Financial Officer is to protect the assets of the Membership; this will be accomplished through developing, monitoring and managing institutional controls and prudent Strategic Financial Management. SUPERVISORY RESPONSIBILITIES:
Carries out supervisory responsibilities in accordance with the organization’s policies and procedures, strategic plan, and applicable federal, state and local laws. Responsibilities include interviewing, selecting, and hiring employees; planning, assigning, and directing work; appraising performance; coaching, counseling, rewarding and disciplining employees; addressing complaints and resolving problems; promoting, demoting, transferring, and terminating employees; developing strategic direction for the credit union; and leading the annual budgeting process. The expectations of the CFO are to build and sustain an environment of development through developing staff and teaching them how to develop their staff. Strategic Leadership:
In conjunction with the Chiefs and CEO, directs and participates in the credit union’s development, implementation, and achievement of strategic objectives. Develops and implements long and short-term financial strategies that align with the credit union’s growth objectives and ensure long-term financial stability. Manages the credit union’s liquidity position in compliance with the liquidity policy; periodically forecasts cash flows and regularly reviews cash position. Mitigation, management, and monitoring of interest rate risk (IRR); recommends strategies for maximizing earnings while properly managing risk tolerances. Investment Management:
Oversees investment portfolios and develops strategies to optimize returns while managing risk, ensuring compliance with regulatory requirements. Manages the allocation and investment of cash/funds to optimize rate of return in compliance with governing regulations. Manages and monitors the credit union’s investment portfolio to assure timely investment decisions as investments mature. Chooses investments consistent with prevailing economic conditions, the credit union’s assets/liability mix, and the credit union’s goals of safety, liquidity, and yield. Financial Reporting and Compliance:
Maintains reliable records prepared on a timely basis that fully address all aspects of the credit union’s assets, liabilities, income, expense, and reserves. Appraises the credit union’s financial position and issues periodic financial and operating reports that adequately assess and report on the financial condition of the credit union. Reviews consolidated financial statements to determine reserve position and adjusts reserves in order to obtain specified reserves ratio. Ensures the credit union’s financial statements are prepared in conformity with generally accepted accounting principles (GAAP) and maintains financial records in conformity with prudent guidelines of regulatory agencies (state and federal) and GAAP. Works closely with federal examiners and external auditors to ensure compliance with prescribed accounting methods set out in regulations, laws, FASB rules, and GAAP. Responsible for compliance with all Federal regulations including Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) Budgeting and Forecasting:
Leads the budgeting process, including financial forecasts and variance analysis, to support decision-making. Directs and coordinates the establishment of budget programs. Analyzes, consolidates, and directs all cost account procedures together with other statistical and routine reports. Economic and Financial Analysis:
Directs and analyzes studies of general economic, business, and financial conditions and their impact on the credit union’s policies and operations. Analyzes financial information to forecast business, industry, and economic conditions for use in making investment and dividend rate decisions. Prepares dashboard reports and executive financial reports for the CEO and Board of Directors. Team Management:
Directs and mentors the Accounting, Finance, and Corporate Real Estate team, fostering a culture of collaboration, accountability, and high performance. Directs departmental staff in the creation and maintenance of required systems and procedures necessary to maintain proper records and adequate accounting controls and services. Ensures that direct reports are granted proper authority and responsibility to carry out assigned functions. Routinely and effectively coaches staff to meet personal, departmental, and organizational goals, including documenting and tracking progress and results. Committee Involvement:
Voting member of the Compensation Committee; non-voting member of the Retirement Committee; Chair of the ALCO. Other Duties and Responsibilities:
Ensures that the entire accounting system is maintained to conform to federal and state requirements and other rules and regulations as prescribed and/or recommended for the prudent financial management of the credit union. Ensures that the periodic reports prepared by assigned personnel accurately reflect the various departments’ productivity. KNOWLEDGE & SKILLS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education:
Bachelor’s degree in accounting or finance required. Certified Public Accounting (CPA) accreditation required. MBA preferred. CFA designation preferred but not required. Experience and Other Requirements:
Ten to fifteen years of similar or related experience. Minimum of 10 years of financial management experience in a credit union or similar financial institution, with 5+ year’s strong managerial/leadership experience. Knowledge of credit union operations and leading-edge delivery systems required. Knowledge of the fundamentals of the financial industry, including an understanding of the Federal Reserve System; the check clearing process; and the legal theory of negotiable instruments required. Must possess a working understanding of basic data processing system concepts, including an understanding or a conceptual grasp of systems, hardware and EFT technology. Must possess a strong knowledge of finance, accounting, Asset Liability Management (ALM), and investment concepts and practices. Must possess the ability to handle multiple, conflicting deadlines. Strong analytical and reasoning skills required. Must possess excellent oral and written communication skills. Must be able to manage a number of priorities simultaneously, establish and meet deadlines, coordinate activities with other departments, and perform job with accuracy and attention to detail. Must possess the ability to interact positively with Management, the Board, other Volunteers, coworkers, and the public to promote a team effort and maintain a positive attitude even under extreme pressure. Computer Skills:
Extensive use of personal PC required with advanced proficiency in Microsoft applications, including Excel. Must be proficient using e-mail and the internet. Interpersonal Skills
The ability to motivate or influence others is a material part of the job, requiring a significant level of diplomacy and trust. Obtaining cooperation (internally and/or externally) is an important part of the job and a high level of interpersonal skills is critical to the success of this position. Work frequently involves contacts requiring considerable discussion of problems, material presentations, and resolving issues impacting departments or divisions. PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit, stand, walk; talk and hear; use hands to finger, handle or feel objects, tools or controls; and reach with hands and arms. The employee is occasionally required to stoop, kneel, or crouch; and lift and/or move up to 10 pounds. WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Extensive use of personal computer is required. The noise level in the work environment is usually that of a normal office environment. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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Description
KEESLER FEDERAL CREDIT UNION is seeking to select a Chief Financial Officer to join our TEAM! Do you thrive in an environment where you are surrounded by a team that is driven, dedicated and authentic? Do you think of advancing your career while being able to make a positive impact? Are you ready to join a team that will celebrate your accomplishments and hold you up when you need support? ONE TEAM PHILOSOPHY
We are a diverse and inclusive company with over 800 team members. Our CEO will be the first to tell you….” Here at Keesler Federal Credit Union, we are ONE TEAM, committed to excellence.” The Keesler Federal Credit Union team has over 75 years of service to over 300,000 members worldwide. We are the largest credit union in Mississippi, with over $4 billion in assets. Keesler Federal Credit Union has received the honor of Mississippi’s Top Rated Credit Union 4 years in a row by Forbes Magazine. We have 39 full-service branch locations covering MS, LA, AL, and three RAF base locations in the United Kingdom. Compensation
An excellent competitive compensation package will be offered to the selected candidate. Keesler Federal Credit Union team members enjoy competitive salaries and a wide range of benefits, some of which include: Medical, dental, and vision insurance Section 125 Flexible Spending Accounts for Health Care and Dependent Care expenses Employee and Dependent Life Insurance 401(k) Retirement Plan with 100% match on the first 5% contributed by you Tuition Reimbursement Short Term & Long Term Disability Benefits The Opportunity
Responsible for assisting the credit union President/CEO in the overall management of the credit union. Directly responsible for the overall management and operation of the following departments: Accounting, Finance, and Corporate Real Estate. The primary responsibility for the Chief Financial Officer is to protect the assets of the Membership; this will be accomplished through developing, monitoring and managing institutional controls and prudent Strategic Financial Management. SUPERVISORY RESPONSIBILITIES:
Carries out supervisory responsibilities in accordance with the organization’s policies and procedures, strategic plan, and applicable federal, state and local laws. Responsibilities include interviewing, selecting, and hiring employees; planning, assigning, and directing work; appraising performance; coaching, counseling, rewarding and disciplining employees; addressing complaints and resolving problems; promoting, demoting, transferring, and terminating employees; developing strategic direction for the credit union; and leading the annual budgeting process. The expectations of the CFO are to build and sustain an environment of development through developing staff and teaching them how to develop their staff. Strategic Leadership:
In conjunction with the Chiefs and CEO, directs and participates in the credit union’s development, implementation, and achievement of strategic objectives. Develops and implements long and short-term financial strategies that align with the credit union’s growth objectives and ensure long-term financial stability. Manages the credit union’s liquidity position in compliance with the liquidity policy; periodically forecasts cash flows and regularly reviews cash position. Mitigation, management, and monitoring of interest rate risk (IRR); recommends strategies for maximizing earnings while properly managing risk tolerances. Investment Management:
Oversees investment portfolios and develops strategies to optimize returns while managing risk, ensuring compliance with regulatory requirements. Manages the allocation and investment of cash/funds to optimize rate of return in compliance with governing regulations. Manages and monitors the credit union’s investment portfolio to assure timely investment decisions as investments mature. Chooses investments consistent with prevailing economic conditions, the credit union’s assets/liability mix, and the credit union’s goals of safety, liquidity, and yield. Financial Reporting and Compliance:
Maintains reliable records prepared on a timely basis that fully address all aspects of the credit union’s assets, liabilities, income, expense, and reserves. Appraises the credit union’s financial position and issues periodic financial and operating reports that adequately assess and report on the financial condition of the credit union. Reviews consolidated financial statements to determine reserve position and adjusts reserves in order to obtain specified reserves ratio. Ensures the credit union’s financial statements are prepared in conformity with generally accepted accounting principles (GAAP) and maintains financial records in conformity with prudent guidelines of regulatory agencies (state and federal) and GAAP. Works closely with federal examiners and external auditors to ensure compliance with prescribed accounting methods set out in regulations, laws, FASB rules, and GAAP. Responsible for compliance with all Federal regulations including Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) Budgeting and Forecasting:
Leads the budgeting process, including financial forecasts and variance analysis, to support decision-making. Directs and coordinates the establishment of budget programs. Analyzes, consolidates, and directs all cost account procedures together with other statistical and routine reports. Economic and Financial Analysis:
Directs and analyzes studies of general economic, business, and financial conditions and their impact on the credit union’s policies and operations. Analyzes financial information to forecast business, industry, and economic conditions for use in making investment and dividend rate decisions. Prepares dashboard reports and executive financial reports for the CEO and Board of Directors. Team Management:
Directs and mentors the Accounting, Finance, and Corporate Real Estate team, fostering a culture of collaboration, accountability, and high performance. Directs departmental staff in the creation and maintenance of required systems and procedures necessary to maintain proper records and adequate accounting controls and services. Ensures that direct reports are granted proper authority and responsibility to carry out assigned functions. Routinely and effectively coaches staff to meet personal, departmental, and organizational goals, including documenting and tracking progress and results. Committee Involvement:
Voting member of the Compensation Committee; non-voting member of the Retirement Committee; Chair of the ALCO. Other Duties and Responsibilities:
Ensures that the entire accounting system is maintained to conform to federal and state requirements and other rules and regulations as prescribed and/or recommended for the prudent financial management of the credit union. Ensures that the periodic reports prepared by assigned personnel accurately reflect the various departments’ productivity. KNOWLEDGE & SKILLS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education:
Bachelor’s degree in accounting or finance required. Certified Public Accounting (CPA) accreditation required. MBA preferred. CFA designation preferred but not required. Experience and Other Requirements:
Ten to fifteen years of similar or related experience. Minimum of 10 years of financial management experience in a credit union or similar financial institution, with 5+ year’s strong managerial/leadership experience. Knowledge of credit union operations and leading-edge delivery systems required. Knowledge of the fundamentals of the financial industry, including an understanding of the Federal Reserve System; the check clearing process; and the legal theory of negotiable instruments required. Must possess a working understanding of basic data processing system concepts, including an understanding or a conceptual grasp of systems, hardware and EFT technology. Must possess a strong knowledge of finance, accounting, Asset Liability Management (ALM), and investment concepts and practices. Must possess the ability to handle multiple, conflicting deadlines. Strong analytical and reasoning skills required. Must possess excellent oral and written communication skills. Must be able to manage a number of priorities simultaneously, establish and meet deadlines, coordinate activities with other departments, and perform job with accuracy and attention to detail. Must possess the ability to interact positively with Management, the Board, other Volunteers, coworkers, and the public to promote a team effort and maintain a positive attitude even under extreme pressure. Computer Skills:
Extensive use of personal PC required with advanced proficiency in Microsoft applications, including Excel. Must be proficient using e-mail and the internet. Interpersonal Skills
The ability to motivate or influence others is a material part of the job, requiring a significant level of diplomacy and trust. Obtaining cooperation (internally and/or externally) is an important part of the job and a high level of interpersonal skills is critical to the success of this position. Work frequently involves contacts requiring considerable discussion of problems, material presentations, and resolving issues impacting departments or divisions. PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit, stand, walk; talk and hear; use hands to finger, handle or feel objects, tools or controls; and reach with hands and arms. The employee is occasionally required to stoop, kneel, or crouch; and lift and/or move up to 10 pounds. WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Extensive use of personal computer is required. The noise level in the work environment is usually that of a normal office environment. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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