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Purpose of the Job
The Chief Financial Officer is responsible for organizing,
planning and directing the strategic activities of the following
areas: Financial Analysis & Risk, Accounting, Electronic Funds &
Payment Processing, Purchasing, Card and ATM Services, and
Electronic Fraud Management. The Chief Financial Officer is
responsible for setting Truliant’s financial policy and direction
while also being an active participant in the organization’s
overall strategy. The CFO will lead all financial administration,
accounting, and budgeting initiatives and operations. As a member
of the Chief Planning Team, the CFO will assist in developing and
implementing short-term and long-term financial, operational and
strategic business goals.
Essential Functions and Responsibilities
Serves as a member of the Chief Planning Team (CPT) to direct
the financial strategies of the Credit Union through active
participation with Senior Management.
Provides financial projections and analysis as needed to the
President/CEO, Chief Planning Team and Board of Directors.
Oversees the Credit Union budgeting process and maintains and
monitors annual business plan financial targets.
Assures that appropriate financial and pro forma reporting is
made in a timely fashion to the Board and Chief Planning Team (CPT)
and Senior Management Team (SMT).
Ensures compliance with all generally accepted accounting
principles (GAAP) and all applicable National Credit Union
Administration (NCUA) rules and regulations.
Serves as a member and Chair of the Credit Union’s
Asset/Liability and Pricing Committee (ALCO).
Ensures that ALCO meets regularly in order to address ALM issues
in a timely manner.
Provides analysis and information to ALCO on a weekly basis to
facilitate effective ALM decision-making.
Maintains and periodically updates the Credit Union’s
asset/liability management (ALM) model and reports results to CPT
and the Board of Directors.
Evaluates and recommends updates and amendments to the Credit
Union’s Asset/Liability Management and Interest Rate Risk
Based on reporting from Risk Management, evaluates credit,
interest rate, liquidity, continuity and other significant
potential risks making recommendations to the President/CEO, CPT
and Board to manage risk while achieving business plan goals.
Works with investment brokers and dealers to gather data
necessary for quality investment recommendations.
Works with President/CEO to manage the investment portfolio in
conjunction with business plan and strategic goals.
Evaluates and recommends updates and amendments to the Credit
Union’s Investment Policy such as investment type and broker
Serves as a trustee of the Truliant Federal Credit Union defined
benefit Pension and 401(k) Plan.
Serves as a voting member on the MBLC Committee.
Maintains a strong understanding of balance sheet management
tools including arbitrage, derivatives and asset sale/purchase
transactions with the ability to communicate the risks and value as
related to the Truliant business and strategic objectives.
Serves as management liaison to external auditors and provides
financial statements and footnotes appropriate for obtaining an
opinion audit of the Credit Union and its subsidiary.
Provides data and input to facilitate the regulatory examination
process, in particular the asset/liability management, liquidity,
troubled debt restructuring and investment components.
Assures that appropriate financial reporting is made in a timely
manner to the Board of Directors, Senior Management, and branch and
department managers. Reports to the Board of Directors monthly on
the status of financial results, especially funds management
Responsible for the strategic direction of electronic fraud
prevention strategies within the various systems that will identify
ATM, credit, and debit card fraud, ACH fraud, and electronic
services fraud. Responsible for the strategic direction of
investigation & recovery of fraud loss and the identification of
Leads Card Services Operations Manager to ensure smooth
operations of the Card Services department.
Leads ATM Services Manager to ensure smooth operations of the
ATM Services department.
Provides direction as needed and supports any development,
implementation, and maintenance of credit card, debit card and any
future card programs.
Lead the Functional Data Liaison in their role as part of the
Data Analytics initiative
Serves as treasurer of Truliances, LLC, the Credit Union’s
credit union service organization (CUSO).
Gives input and analysis in the formation of annual updates to
the Credit Union’s Strategic Plan and Business Plan.
Provides financial projections and analysis as needed for
specific purposes such the evaluation of the viability of new
branch locations and mergers.
Serves as a member of the Credit Union’s Investment
Actively promotes the mission of the Credit Union within the
organization and throughout the communities served by the Credit
Other Duties and Responsibilities
Assists with other tasks and projects as assigned.
Knowledge, Skills, and Abilities
Must have sound understanding of accounting procedures and
concepts, including investments and functional cost theory
Must have a thorough understanding of NCUA guidelines and
Must be competent in asset/liability management and interest
Must have excellent communication skills in English, both verbal
Must have advanced skills in MS Excel, including macros
Must have sound understanding of Financial Information
Strong analytical skills required
Strong managerial and administrative skills required
Must have ability to make decisions and work independently
Must be able to motivate employees and build effective teams
Must be able to evaluate systems and procedures, implementing
Must have ability to understand all business processes within
the credit union
Must be detail oriented and well organized
Must be flexible and able to shift resources and priorities as
Must have ability to generate and analyze research data
including a working knowledge of appropriate financial analysis
Must be able to work in a general office environment
Should possess a strong commitment to providing excellent
service to Truliant’s members
Occasional standing, walking, bending, and stooping required
Must be able to sit at a desk for long periods of time and use a
Must be able to moderately lift or move up to 5 pounds and
occasionally lift or move up to 10 pounds
Education and Background
Bachelor’s Degree ( with preference in Accounting, Finance, or
Business), or equivalent work related experience required; MBA,
CPA, or CMA required
Must have a minimum of 10 years’ experience in financial
reporting, budgeting, and functional cost, preferably in financial
Minimum of 10 years management experience required, 5 years of
which in a senior management role
Previous exposure to non-accounting functions, financial
products and services and their relationships to accounting
A strong working knowledge of the fundamentals of the financial
Location Corporate Headquarters - Winston Salem, NC 27103 US
Last sync: 2020-08-27 09:35:03
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