Chief Financial Officer CFO

Job Description

Job Description

ALEC is one of the largest credit unions in Illinois, backed by the strength and stability of over $1.1 billion in assets. Every day, we work hard to prove our commitment to provide the very best financial products and services to more than 30,000 ALEC members. We welcome bright, service-oriented professionals who want to build their career and help our credit union continue to expand its presence, offerings and the people it serves. ALEC is looking for a CFO to join our team.

SUMMARY: The CFO is responsible for the effective management, operation, results and strategic advancement of the Finance, Accounting, and Operations departments. 

ESSENTIAL FUNCTIONS: 

• Manages the overall financial activities of the credit union, including the preparation and interpretation of financial statements, asset liability management, investing and budgeting
• Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives
• Prepares all credit union financial statements in accordance with GAAP and applicable federal and state regulatory laws for financial reporting
• Produces all financial and statistical reports for presentation to the Board of Directors
• Provides management with analysis and advice on the financial implications of business activities
• Responsible for the preparation of the annual budget along with financial forecasting
• Provides CEO with recommendations to strategically enhance financial performance and business opportunities
• Manages and optimizes the organization’s investment portfolio in order to achieve the organizational investment goals of liquidity, safety and return
• Oversees and manages the preparation and submission of the 5300 Call Report
• Prepares monthly reports and analysis to the ALCO committee
• Reports financial results at monthly board meetings
• Supervises the budget for the Finance, Accounting, and Operations departments to ensure they are consistent with the overall strategic plan and budget of the credit union
• Negotiates significant vendor contracts and completes the vendor management process 
• Other duties as may be assigned

QUALIFICATIONS: 

• Education Required: Bachelors degree in Business Administration or related field, Certified Public Accountant (CPA) designation
• Education Preferred: Masters degree in Business Administration (MBA)
• Experience Required: 8 years of progressive, strategic management experience in an accounting or finance role

 
Knowledge, Skills and Abilities (KSAs):

• Ability to assess, plan and deliver strategic initiatives
• Ability to perform job functions independently 
• Ability to work as part of a team
• Ability to resolve complex problems with independent action
• Ability to effectively present information to employees, Senior Management and the Board of Directors
• Ability to verbally communicate effectively with internal and/or external members
• Ability to use computers and job-specific technology/software efficiently 
• Maintains confidentiality 
• Performs responsibilities with composure, quality and accuracy under stress of deadlines/requirements
• Ability to attract, develop and retain talent and build high performing teams
  

SUPERVISORY RESPONSIBILITIES: 

• Responsible for overseeing employees’ performance, identifying development areas, addressing employee relations issues and providing direction, support, training and regular coaching. 
• Responsible for communicating organizational needs and updates
• Supervises: Accounting Director, Operations Manager, and Finance Manager 

TRAVEL:  Up to 10% local travel. Up to 10% national travel may be required to attend conferences and visit micro branches. 

The base pay for this position is $217,901.33 to $363,168.89 per hour. In specific locations, the pay range may vary from the range posted. Click the link below to learn more about ALEC and our benefits.

ALEC is one of the largest credit unions in Illinois backed by the strength and stability of over one billion in assets. Every day, we work hard to prove our commitment to provide the very best financial products and services to more than 30,000 ALEC members.

Setting the bar high is a proud tradition at ALEC that has resulted in the strong, loyal support of our members. We welcome bright, people-oriented professionals who want to build their career and help our credit union continue to expand its presence, offerings and the people it serves.

Company Description

ALEC is one of the largest credit unions in Illinois backed by the strength and stability of over one billion in assets. Every day, we work hard to prove our commitment to provide the very best financial products and services to more than 30,000 ALEC members.\r\n\r\nSetting the bar high is a proud tradition at ALEC that has resulted in the strong, loyal support of our members. We welcome bright, people-oriented professionals who want to build their career and help our credit union continue to expand its presence, offerings and the people it serves.