Chief Financial Officer (CFO)

ARE WE THE COMPANY FOR YOU

Are you looking for a position that you can really enjoy Cornerstone Financial Credit Union is truly a positive and fun place to work! Our employees love working together as a team learning new things and helping others! We value our employees and provide excellent benefits and the opportunity to grow in a professional business environment. We are looking for a full time Chief Financial Officer (CFO) to join our growing team! This position is located at our Nashville location.

ABOUT CORNERSTONE FINANCIAL CREDIT UNION:

Cornerstone Financial Credit Union currently has seven locations that surround the Nashville area. These locations serve over 45000 members. Founded in 1955 Cornerstone Financial Credit Union is guided by the philosophy of people helping people. At Cornerstone we not only offer the most competitive rates possible but also provide exceptional service to our members and their families. We are Not for profit Not for Charity but for Service.

IS THIS POSITION FOR YOU

The Chief Financial Officer is responsible for safeguarding the financial health stability and longterm sustainability of Cornerstone Financial Credit Union. This role oversees financial strategy accounting operations budgeting asset/liability management (ALM) CECL modeling investments and risk management. The CFO partners closely with the President Senior Management Team and Board of Directors to guide the credit unions financial direction and ensure alignment with Cornerstones mission and strategic goals. The CFO ensures that the Credit Unions accounting practices are in compliance with generally accepted accounting practices (GAAP) and state and federal regulations.

DUTIES AND RESPONSIBILITIES:

Strategic Financial Leadership

• Provide strategic financial insight to the President Senior Management Team and Board of Directors to include but not limited to planning economic analysis and forecasting.
• Direct financial strategies that promote sustainable growth operational efficiency and strong financial performance.
• Evaluate financial and operational data to identify opportunities for improvement cost reduction and member enhancement.

Financial Management & Reporting

• Oversee preparation of all financial reports in accordance with GAAP and NCUA requirements - including internal financial reports regulatory call reports and board package reports.
• Ensure timely and accurate monthly quarterly and annual reporting.
• Develop implement and evaluate accounting policies and procedures and internal controls. Ensure policies and procedures reflect current regulations and are communicated to and implemented by staff
• Coordinate with external and internal auditors and State and Federal examiners on all audits and examinations.

Asset/Liability Management (ALM) CECL & Risk Oversight

• Lead ALM processes including monitoring interest rate risk and liquidity risk and develop strategies to mitigate exposure.
• Oversee ALM and CECL modeling with third party vendors to ensure models are completed and reported to ALCO and Board of Directors in a timely manner.
• Lead monthly ALCO meetings including preparation and presentation of related reports.

Budgeting

• Coordinates the preparation implementation and monitoring of the annual budgeting process.
• Monitor budget performance monthly and provide actionable insights to department leaders.

Investments

• Manage the Credit Unions investment portfolio ensuring compliance with investment policies and regulatory guidelines.
• Responsible for purchase and sale of investment securities in support of overall financial strategy of the Credit Union and investment policy.

Operational & Departmental Leadership

• Oversee accounting and operational services departments ensuring strong performance operational efficiency accountability and staff development.
• Ensure adequate staffing training and succession planning within these departments.

Regulatory Compliance

• Ensure compliance with federal state and NCUA regulations governing credit union financial operations
• Prepare and/or review all required tax filings regulatory reports and certifications.

Other

• Represent the credit union at external functions and attend board meetings and report on assigned areas requested by the President.
• Assist with vendor negotiation and major purchasing decisions for the credit union.
• Perform other duties as necessary.

JOB SPECIFICATIONS:

Education

Bachelors degree in accounting finance business administration or related field required. Graduate school is preferred. CPA or MBA preferred. Additional creditunionspecific financial certifications are a plus.

Experience

Minimum 5-7 years of progressive leadership experience in financial management preferably within a credit union or regulated financial institution. Demonstrated experience with GAAP ALM practices budgeting financial analysis and regulatory reporting. Experience supervising accounting/finance teams and leading organizational financial strategy.

Skills & Competencies

Strong leadership communication and strategic planning skills. High level of proficiency in financial modeling accounting systems and data analysis tools. Ability to manage multiple priorities meet deadlines and operate with accuracy and integrity. Ability to maintain positive and professional relationships with employees management vendors and regulators.

PERSONAL QUALIFICATIONS:

This position requires a professional appearance and manner. Must be detail oriented with the ability to perform work assignments accurately with a high level of accuracy. Excellent analytical and problem-solving skills with strong attention to detail is required. Must have good organization and communication skills and work effectively with other departments and branches function as a team player and cooperate with co-workers members and business associates.

Required Experience:

Chief