Job Description

Job Description

Job Description

Southern Chautauqua FCU

Chief Financial Officer

Job Title: Chief Financial Officer

Reports To: Chief Executive Officer

FLSA Status: Exempt

Salary Range: $80k - $120k

Summary: Direct and manage all practices and activities in the Finance and Accounting functions to ensure compliance with State and Federal rules and regulations. Ensure generally accepted accounting practices (GAAP) are met. Make recommendations relating to budget preparation, income forecasts, and operational changes as needed. Assist is grant preparation including research and reporting to the various entities. Strategic Planning development. Responsible for Credit Union’s investments under NCUA regulations.

Duties and Responsibilities include the following. Other duties may be assigned.

1. 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 recordkeeping, investments.
2. Develop, implement, and evaluate policies and procedures for the Accounting/Finance Department. Ensure that policies and procedures reflect current regulations and are communicated to and implemented by subordinates.
3. May direct and supervise development, production, promotion, and sale of the credit union’s products and services.
4. Preparation of reports and presentations at the Credit Union’s monthly Board meetings.
5. Attend scheduled Senior management meetings
6. Participate in determining deposit and loan rates.
7. Provide guidance regarding investment decisions.
8. Hold periodic department meetings. Identify areas for improvement, changes in procedures, new developments, or changes in services. Keep staff up to date on trends and general Credit Union information.
9. Assist with lease negotiation and major purchasing decisions for capital equipment or other capital asset expenditures.
10. Prepare and maintain ALM and quarterly reporting.
11. Manage and maintain funding of Allowance for Loan Lease Loss Model.
12. Forecasting of the balance sheet.
13. Assist in analysis of new branch site locations and closings of existing branches.
14. Oversee various internal audit procedures, i.e. cash counts, teller drawer audits, review of employee accounts, loan documentation, wire transfers, etc.
15. Serve as the Credit Union’s liaison with regulatory agency examiners and internal auditors. Gatekeeper for exam documents.
16. Oversee & Manage the Debit Card department. Debit Card/Accounting/Fraud staff are crossed-trained in all departments.
17. Oversee & Manage the Fraud department.
18. Develop and implement the Strategic Plan & quarterly reporting to the Board of Directors.
19. Assist with contract negotiations.
20. Grants - Participate in the research and application process including but not limited to preparing all necessary reports as required by the Grantor(s). Responsible for tracking grant funds.
21. CDFI – manage and track requirements of recertification.
22. Periodically travel to branches.
23. Attend conferences pertinent to position.

Supervisory Responsibilities:

Directly supervises employees in the Accounting and Debit Card/Fraud Department. Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include training employees, planning, assigning, and directing work, appraising performance, rewarding, and disciplining employees, addressing complaints and resolving problems.

Qualifications:

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, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Language Ability:

Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to write speeches and articles for publication that conform to prescribed style and format. Ability to effectively present information to top management, public groups, and/or boards of directors.

Math Ability:

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages ratios, and proportions to practical situations.

Reasoning Ability:

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Computer Skills:

To perform this job successfully, an individual should have knowledge of Microsoft Word, Microsoft Excel, Email, Texting, Microsoft Teams, Main Street check ordering, Kbase, SimplifyIt, Debt card software, check scanning, accounting software, Inventory software, Project management software, Database software, Order processing software and Timeclock software.

Education/Experience:

BS/BA Degree and/or 5 years’ experience in related field.

Knowledge of Federal Rules and Regulations is preferred

Certificates and Licenses:

CPA or experience with financial institutions.

Equipment:

N/A

Knowledge, Skills, and Other Abilities:

Time management, Communication skills- Oral and Written, Professionalism, and Public speaking skills.

Regulatory Reporting

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 use hands, reach with hands and arms, and talk/hear. The employee is frequently required to sit. The employee must occasionally stand, walk, climb, or balance, taste/smell and lift and/or move up to 10-15 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus (ability to adjust the eye to bring an object into sharp focus).

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.

While performing the duties of this job, the employee is regularly exposed to work near moving mechanical parts. The employee is occasionally exposed to outdoor weather conditions.

The noise level in the work environment is usually moderate.

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