Controller/CFO/ VP

JOB TITLE: Controller/CFO/VP

JOB DESCRIPTION

The Controller is responsible for asset and liability reporting, strategy development, defining financial goals and objectives, budget forecasting, and financial reporting. The Controller has the responsibility for managing all aspects of financial accounting, including research, policies, and procedures, while assuring the accuracy of reported financial results. The Controller interfaces with all levels within the credit union which requires strong interpersonal and communication skills ensuring a cooperative relationship between all areas of the Credit Union. This role relies on experience and sound judgement to plan and successfully accomplish departmental and individual goals. Must be able to lead by example in the adherence of IRCO’s Organizational Statements and Employee Mission Statement components.

· Plan, develop, organize, implement, direct, and evaluate IRCO’s fiscal function and performance.

· Collaborate with other members of Senior Management in developing strategic plans and budgets.

· Prepare budgets, forecasts, calculate variances from the budget and report significant issues and recommend solutions.

· Prepare information, analysis, and recommendations for effective asset/liability management by reviewing and monitoring all phases of operations as they relate to the ALM process.

· Prepare monthly and quarterly CECL financial reports, analysis, and economic commentary.

· Manage the accuracy and productivity of the daily activities of accounts payable, accounts receivable, fixed assets, general accounting according to GAAP.

· Preparation of NCUA Call Report and other regulatory reports.

· Responsible for preparation and analysis of financial and regulatory reports, and as applicable, presenting financials to employees, management, the Board of Directors, etc.

· Function as the liaison with outside auditors and regulators for their review of financial results and condition.

· Administration, review and reconciliation of the credit union’s investment portfolio, asset/liability management systems, and other credit union financial activities.

· Oversee accounting operations, control systems, transaction-processing, policies, and procedures.

· Continually evaluates established policies and procedures, and updates or modifies those, as necessary.

· Advises department managers regarding accounting entries, reports, comparative analysis, and reconciliations.

· Attends and participates in meetings and committees as appropriate.

· Responsible for managing finance staff, ensuring they develop and maintain the appropriate expertise and that the staff is appropriately cross-trained.

· Represent and promote IRCO within the community through community participation activities and organizations.

· Compliant with BSA/AML/OFAC.

· Perform all duties as assigned by the CEO/President.

STRATEGY, PLANNING AND MANAGEMENT

· Function as Controller and strategic business partner to CEO and management team.

· Assess and evaluates financial performance of IRCO regarding long-term operational goals, budgets, and forecasts.

· Provide insight and strategic recommendations for both short-term and long-term growth plans of IRCO.

· Identify and implement systems to provide critical financial and operational efficiency and accuracy.

· Evaluate departments and make suggestions for automating processes and continuous improvement.

· Communicate, engage, and interact with Board of Directors, Supervisory Committee, CEO, and all team members.

· Create and establish yearly financial objectives that align with IRCO’s plan for growth and expansion.

· Participate in pivotal decisions as they relate to strategic initiatives and operational models.

· Implement policies, procedures and processes as deemed appropriate by CEO and the Board of Directors.

· Guide larger, cross-divisional teams outside of direct span of control when assigned.

FINANCIAL ANALYSIS, BUDGETING AND FORECASTING

· Review budgets, forecasts, calculate variances from the budget and report significant issues and recommend solutions.

· Prepare and present monthly financial budget reports including monthly profit and loss by branch and forecast vs. budget by branch.

· Review and analyze monthly financial results and provide variances and recommendations.

· Identify, develop, and execute analysis of business initiates, product launches, and/or service offerings.

· Manage financial planning and analysis accounting department, Supervise tools for budgeting and forecasting.

· Participate in Management meeting as scheduled.

· Manage cash flow planning process and ensure funds availability/liquidity.

· Manage, select (with CEO) the investment portfolio, maturities, and calls. Ladder investments as outlined in the Investment Policy.

· Explore new investment opportunities and provide recommendations on potential returns and risks.

· Manage and direct the ALCO process as outlined in the ALCO Policy. Make recommendations to reduce risk exposure in the areas of asset/liability, credit, operations, and compliance.

ACCOUNTING, GENERAL LEDGER, ADMINISTRATION AND OPERATIONS

· Supervise the accounting department to ensure the proper functioning of all systems, databases, and financial software.

· Provide regular maintenance and backup of all systems and supervise IRCO financial staff.

· Review and ensure application of appropriate internal controls, compliance, and financial procedures.

· Prepare and manage IRCO’s 5300 Call Report. Ensure timeliness and accuracy of financial management reporting data.

· Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.

· Review all month-end closing activities including general ledger accounts, balance sheet accounts, and expenses.

· Enhance and implement financial and accounting systems, processes, tools, and control systems.

· Serve as a key point of contact for external auditors: Manage preparation and support of all external audits.

· Coordinate and strategize methods used to attain goals with the CEO and Management Team.

· Maintain outstanding relationships with NCUA Examiners, Fiserv, Alloya and Jack Henry (ProfitStar).

· Utilize forward-looking models and activity-based analysis to provide financial insight into IRCO’s plans and operating budgets.

· Remain current on audit best practices, GAAP, as well as state, federal laws regarding IRCO operations.

· Oversee weekly cash management and Accounts Payable process. Supervise Accounts Receivable management and provide guidance.as appropriate Approve large payables within the scope of approved thresholds.

FINANCE AND ACCOUNTING TEAM MANAGEMENT

· Mentor and develop a team of two, managing work allocation, systems, cross-training, and performance appraisals.

· Build an effective and efficient team dynamic.

· Attention to departmental continuous process improvements.

COMPENTENCIES

Change Management:

· Must embrace change and see it as an opportunity. Must be willing to express and support management’s ideas to affected staff.

· Stays informed of trends and changes in the accounting and finance fields.

Managing Work:

· The capacity to outline overall project plans, determine the necessary steps for completion, and delegation of tasks to the appropriate staff to ensure the project is finished accurately, on time and within budget.

• Critical Evaluation.
• Excellent analytical, reasoning, and problem-solving and critical thinking skills.

Oral/Written Communication Skills:

• Must be able to communicate thoughts clearly, both orally and written. Must be able to communicate throughout the organization and to all levels of staff.
• Writes, conducts, and coaches to annual performance appraisals as assigned.

Computer Skills:

· Proficiency with MS Office Suite required; ability to create and maintain complex Excel spreadsheets independently.

Organizational Skills:

• Must possess excellent organizational skills. Must be able to function well in a multiple project, deadline-oriented environment. Ability to oversee multiple projects simultaneously, work independently and under minimum supervision.

MINIUMUM REQUIREMENTS

· Proficiency with MS Office Suite required; ability to create and maintain complex Excel spreadsheets independently.

· Excellent oral, written, communication, analytical and technical skills.

· Ability to organize, coordinate, direct and execute assignments or projects.

· Demonstrated leadership talent, confidence, and ability to motivate staff.

· Significant experience collaborating with external auditors, internal controls, and compliance-related issues.

PREFERED EDUCATION AND EXPERIENCE

· Bachelor’s degree in accounting/finance or Equivalent Work Experience

· 8 Years’ Financial/Accounting Experience within a Financial Services environment.

· 6 Years Supervisory Experience preferable in a credit union environment.

· Additional job specific training and continuing education will be required.

The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Candidate must possess sufficient manual dexterity to skillfully operate standard office equipment including but not limited to a computer, adding machine, facsimile machine, photocopier, and telephone. A telephone device to enhance hearing will be provided if needed. 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 occasionally required to stand; walk, sit; use hands to finger, handle or feel objects, tools, or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch or crawl; talk or hear; taste or smell. The employee must occasionally lift and/or move up to thirty pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Employees must be able to relate to other people beyond giving and receiving instructions: (a) can have a good relationship with co-workers or peers without exhibiting behavioral extremes; (b) perform work activities requiring negotiating, instructing, supervising, persuading, or speaking with others; and (c) respond appropriately to constructive criticism from a supervisor. Must be available and willing to travel to such locations and with such frequency as the employer determines is necessary or desirable to meet its business needs.

Job Type: Full-time

Pay: $85,000.00 - $120,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Physical Setting:

• Office

Application Question(s):

• Do you have direct credit union or financial services experience?
• Do you have significant experience working with external auditors, internal controls and compliance?
• Do you consider yourself to be a positive change agent?
• Are you experienced in continuous quality improvement initiatives?
• Do you have experience with NCUA 5300 reporting or call reports overall?

Experience:

• GAAP: 8 years (Required)
• supervisory: 6 years (Required)

Work Location: In person