GFA is looking for an experienced financial executive to join ourteam. Reporting to the CEO, the Chief Financial Officer serves in an executive capacity overseeing the credit union’s Accounting, Finance Treasury and Wire Transfer departments. This position’s primary purpose is to ensure the long-term financial stability of the credit union, to establish major economic and financial objectives, and policies for the credit union. Essential Functions and Responsibilities: Directs and monitors finance and accounting operations of the Credit Union and its subsidiaries/CUSOs to ensure the credit union meets established goals and objectives. Oversees accounting, finance, treasury, and budgeting. In collaboration with the CEO and Senior Management, prepares an annual Credit Union and subsidiaries/CUSOs operating budget. Preparation and evaluation of budgets and capital plans; directs receipt, disbursement, and expenditures of money and/or capital assets. Oversees month-to-month reporting of financial results to the Board of Directors and to ALCO. Chair and guide ALCO committee meetings, making recommendations on rates, concentration limits, cash flow management, and other models as used. Works with the CEO and Senior Management to monitor and develop program profitability models on which ALCO and/or the Board of Directors can base decisions. Develops long-range trend analysis of operating revenues and expenses, including projected interest from loans, funds available for investments, and quarterly dividends. Prepares and presents monthly reports to the Board of Directors and Senior Management. Ensures periodic financial and statistical reports accurately reflect the position of the Credit Union and its subsidiaries/CUSOs. Implements annual financial strategic plan and oversee organizational budget to accomplish objectives.Maintains control over departmental expenditures. Ensures accounting procedures are in compliance with current GAAP, NCUA Regulations, and any other applicable federal and state regulations. Writes, reviews, and distributes financial policy and procedures to ensure regulatory compliance. Conducts financial analysis of the Credit Union and its subsidiaries/CUSOs operations to maximize profits. Prepares recommendations with regard to changes in or adjustments of services for analysis and action. Coordinates all regulatory and CPA annual external audits with Senior Management. Works with the CEO and COO to ensure up-to-date adequate Fidelity and Blanket Bond Coverage, Real Estate, Auto, and Liability Insurance for all operational aspects of the Credit Union and its subsidiaries. Administers, files, and tracks claims. Coordinates negotiations and requests for proposal for such coverage as required. Provides guidance, advice and purchase investment decisions per policy. Monitors and ensures liquidity of the Credit Union. Overseas the Credit Union’s treasury, cash management, and wire transfer functions. Works with the Credit Union’s ALM, Investment and CECL Advisors to ensure current and accurate reporting. Manages the investment portfolio ensuring investment security purchases/sales are in line with Credit Union regulations policies and procedures. Ensures Credit Union investment securities are held in safekeeping at approved repositories. Ensures the pledging of Credit Union investment securities where required and necessary with authorized safekeeping repositories. Coordinates and recommends all borrowing through the FHLB Boston and/or any other liquidity sources. Works with ALM, Investment and CECL Consultants and Advisors for recommending to the CEO for ultimate approval by theBoard of Directors of an off-balance sheet strategies involving the use of interest rate swaps, hedging and/or derivatives. Assists in lease negotiation, and major Credit Union fixed asset and real estate purchase, and sale decisions. Supervises and manages all accounting personnel and provides direct guidance and supervision of the Controller. Stays current and up to date with all new FASB/GAAP standards, NCUA Regulations, and any other Federal and State regulations which may apply. Attends credit union industry conference and educational sessions as necessary and required in order to stay current on new FASB/GAAP standards and NCUA regulations applicable to the Credit Union. Provides advice and recommendations for the setting of fees and pricing of deposits, residential and commercial real estate mortgages, equity lines, and consumer and commercial loans as a member of the Deposit and Loan Pricing Committee. Provides direction for planning model runs; review and approve office property improvement requests. Assists in analysis of new branch site locations and closings of existing branches. Selects, develops, and motivates high-quality employees to ensure a motivated and professional staff. Represents the Credit Union in a professional, courteous manner to members, associates, vendors and the public. Seeks out and participates in community events, and serves on appropriate non-profit and/or civic organization boards. Manages a variety of special projects on an ongoing basis. Participates as a voting member on various committees as assigned. Other duties as assigned. Additional Responsibilities: Participates in the Credit Union’s Community/Civic Engagement Program which requires participation in one community event each calendar year. Act as a role model for staff by completing tasks in a timely and accurate manner. Demonstrates a commitment to learning by cross training on other functions as required. Participates, completes and attends mandatory training and/or online assignment for regulatory compliance. Models and promotes the behaviors of the Credit Union’s core values, and actively works to enhance the member and employee experience throughout the Credit Union. Adheres and complies with credit union and regulatory agencies (i.e. NCUA, State, Federal) policies and procedures. Knowledge and Skills: Bachelor’s Degree required, advanced degree and/or professional designation as a CPA and/or CMA valued and a plus. 7+ years of progressively responsible experience in an executive capacity with an emphasis on accounting/finance at a complex bank or credit union with subsidiaries or CUSOs having consolidated assets in excess of $500MM. Exceptional leadership, communication, and interpersonal skills. Ability to think strategically, synthesize complex business/financial data, and develop innovative solutions. Strong verbal and written communication skills, as well as math skills. Organizational, interpersonal and customer service skills. Ability to multi-task, and maintain a high degree of detail and accuracy. Microsoft Office Suite. Physical Requirements: When submitting application please include yoursalary requirements. Applications without the requested information will not be considered.No phone calls please.GFA offers competitive wages and an excellent benefits package which includes: medical, dental, vision, STD, LTD, Life, 401K with match and more. For more information visit our website atwww.gfafcu.com .
- Address Boston, MA
- Salary Offer 250.000 +