What are the responsibilities and job description for the Chief Financial Officer position at Alabama Credit Union?
Description
The Chief Financial Officer (CFO) provides strategic and operational leadership for all financial functions of the credit union. As a key member of the strategic leadership team, the CFO is responsible for financial strategy, performance management, balance sheet optimization, and regulatory financial oversight. This role ensures the credit union's financial strength, long-term sustainability, and alignment with its mission while supporting growth, innovation, and prudent risk management.
Some Job Duties Include
Experience: Ten to fifteen years of progressive financial leadership experience, with significant experience in a financial institution; credit union experience strongly preferred.
Education: Bachelor's degree in Finance, Accounting, Business or related field required; MBA strongly preferred. CPA required.
Industry Knowledge
The Chief Financial Officer (CFO) provides strategic and operational leadership for all financial functions of the credit union. As a key member of the strategic leadership team, the CFO is responsible for financial strategy, performance management, balance sheet optimization, and regulatory financial oversight. This role ensures the credit union's financial strength, long-term sustainability, and alignment with its mission while supporting growth, innovation, and prudent risk management.
Some Job Duties Include
- Serve as a strategic advisor to the CEO and Board of Directors on financial performance, capital strategy, liquidity, and long-term financial planning.
- Oversee all accounting, financial reporting, and internal controls to ensure accuracy, integrity, and timeliness.
- Lead Asset Liability Management (ALM), liquidity management, interest rate risk modeling, and capital planning.
- Direct the annual budgeting process and rolling forecasts, ensuring alignment with strategic priorities.
- Support Board and committee governance, including Finance, Asset Liability, and Risk Committees.
- Lead, mentor, and develop a high-performing finance team with a focus on succession planning, continuous improvement and innovation.
Experience: Ten to fifteen years of progressive financial leadership experience, with significant experience in a financial institution; credit union experience strongly preferred.
Education: Bachelor's degree in Finance, Accounting, Business or related field required; MBA strongly preferred. CPA required.
Industry Knowledge
- Ability to analyze data, reading and creating reports with numerous software platforms
- Advanced understanding of Credit Union products and services, as well as competitor and potential products and services
- Demonstrated expertise in ALM, capital planning, liquidity management, and regulatory financial planning
- Excellent supervisory skills, with the ability to delegate some supervisory functions
- Professional presentation and the ability to maintain a calm demeanor under potentially stressful circumstances
- Strong project management skills, to include multi-departmental initiatives that may require significant resource investment in learning new data analytics techniques and procedures
- The ability to gather buy-in and drive completion of projects that affect multiple areas of the organization
- The ability to use discretion in the sharing of information is required, including the highest degree of confidentiality with information that is not to be disclosed according to law and/or ACU policy
- Ability to independently travel, occasionally overnight.
- Advanced Excel knowledge required
- Proficiency in Power BI and ALM software