Are We the Place for You?
Members 1st Credit Union is currently recruiting to replace our retiring Chief Financial Officer. The credit union is headquartered in beautiful Redding, recently voted as one of the top 100 best places to live! M1CU is a thriving community credit union serving 24,000 members with six locations in Northern CA. Recognized by our communities year after year for providing the best service and top place to work, we are committed to improving the lives of others. Surrounded by mountains and crystal-clear lakes, the North State is known for its affordable living, abundant outdoor activities, and strong community spirit.
Is This the Career for You?
Reporting directly to the CEO, the CFO plays a pivotal role in advancing our mission and setting direction. As a strategic financial leader, the CFO oversees the comprehensive financial landscape of the credit union, including direct oversight of accounting, quality control, asset-liability-management, risk management, and budgeting. The CFO actively contributes to short and long-term strategic direction and collaborates with others to effectively execute strategies, programs, and processes that help the credit union meet business objectives. By actively managing investments, overseeing risk, and ensuring analysis and compliance, the CFO safeguards the financial stability that underpins our members' trust. A strong working knowledge of GAAP is required. The CFO ensures compliance with regulations and legal requirements for the reporting and management of all financial activities. The CFO is responsible for the preparation of the annual budget, financial reports, call reports, and financial analysis. This position requires initiative, candid communication, strategic vision, and the ability to execute..
Responsibilities:
- Assumes responsibility for the fiscal operations of the credit union including effective maintenance and reporting of financial records, financial analysis, leads ALM review, directs investment policy and investment activities; acts as custodian of funds, prepares annual budget and projections that meet credit union strategies, and responsible for tax preparation.
- Oversees preparation of monthly, annual, and other financial statements in accordance with generally accepted accounting principles. Establishes and maintains a cost accounting system and prepares related reports. Directs the maintenance of the credit union’s financial and accounting records.
- Coordinates audits of the credit union’s financial statements by an independent CPA firm. Ensures governmental filings and payments are accurate and timely. Serves as liaison with examiners, auditors, and the Supervisory Committee.
- Develops, recommends, and implements policies and procedures ensuring they meet regulatory guidance and approval. Provides safekeeping, controls, and accounting for assets and securities.
- Establishes, directs, and maintains effective accounts receivable policies and measures. Oversees Treasury including the credit union’s checking and depository accounts and manages the credit union’s liquid assets.
- Analyzes and reviews major purchase decisions, including capital projects, real estate investments, and technology investments and human capital decisions.
- Manages insurance coverage and leads Enterprise Management efforts for the organization. Establishes and monitors internal controls.
- Evaluates department structure for continual improvement of the efficiency and effectiveness of the group. Provides individuals with opportunities for professional growth.
- Performs other job-related duties as assigned.
Job Qualifications:
- Hold a B.A. degree in accounting, finance, or a related field, with a preference for professional certification (CPA) and/or graduate degree.
- Must be able to communicate well with subordinates and other credit union employees and demonstrate leadership ability and set direction. A professional attitude and appearance are vital to the success of this position.
- Understanding of audit functions and procedures and related regulations.
- Experience in forecasting and experience managing transactions in the financial markets.
- Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, Board of Directors, members, and the public.
- 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.
PHYSICAL REQUIREMENTS
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 accommodation may be made to enable individuals with disabilities to perform essential functions.
While performing the duties of this job, the employee is regularly required to sit. The employee frequently is required to use hands to finger, handle, or feel objects, tools, or controls and talk or hear. The employee is occasionally required to stand and walk.
The employee must occasionally lift and/or move up to 50 pounds.
OTHER SKILLS and ABILITIES:
Ability to operate a personal computer including a full working knowledge and ability to utilize the following software programs:
- Microsoft Office
- Asset/Liability Management
- Additional financial management software as needed.
- Familiarity with credit union accounting terminology and standards.
- Familiarity with credit union system terminology and acronyms.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions. The noise level in the work environment is usually moderate.
Must be able to complete pre employment screenings, including a credit report and drug screening.
If you are ready to make a difference, apply today at https://www.m1cu.org/career/.
Job Type: Full-time
Pay: $124,942.87 - $208,238.12 per year
Work setting:
Ability to Relocate:
- Redding, CA 96003: Relocate before starting work (Required)
Work Location: In person