Chief Financial Officer

FreeStar Financial Credit Union is looking for a dynamic Chief Financial Officer to join our Executive Team. If you are passionate about making strategic level decisions, and setting the financial direction for the credit union, this may be the right job for you!

Job Location: Clinton Township (Main Office)

Days: Monday Thru Friday (Hybrid Opportunities Available)

Hours: 8 AM - 5 PM

Salary: $130,000-$160,000/Annually

What You'll Do In This Role:

A C-suite Executive influencing strategic discussions

A leader engaged in monthly Board Meetings

Spearhead the credit union's mission

Propel key projects forward

Position Purpose:

The primary purpose of the Chief Financial Officer is to assist FreeStar Financial Credit Union in fulfilling our mission to impact the lives of our members, team members, and community through making meaningful connections and progressive financial solutions.

This is accomplished by directing and managing all practices and activities in the Finance and Accounting functions to ensure compliance with State and Federal rules and regulations. Manage auditing, accounting, and recordkeeping activities of the credit union to ensure they meet generally accepted accounting practices (GAAP). Make recommendations relating to budget preparation, income forecasts, and operational changes as needed.

Duties:

• Supervise and direct the Accounting and Repayment Solutions Departments

• Directly or through subordinates, oversee and manage the financial and accounting functions of the credit union to include: ALM, AP, AR, budgets, collections, GL, financial analysis, financial reporting and recordkeeping, investments, and taxes.

• Develop, implement, and evaluate policies and procedures for the Accounting/Finance department. Ensure that policies and procedures reflect current regulations and are communicated to and implemented by subordinates.

• Participate in the credit union's long and short-term strategic planning. Oversee budget planning, preparation and administration processes to control operating expenses and achieve credit union's strategic direction.

• Communicate with the Board of Directors, and senior leadership team regarding strategic recommendations, financial results and policies which effect the credit union to assure that they are informed about matters which affect the financial institution.

• Prepare and review monthly reports for the Board of Directors. Attend board meetings and report on any assigned areas requested.

• Manage direct reports to maximize productivity, efficiency, and each team members' potential including: hiring, directing job assignments, monitoring team performance, coaching, counseling, training, assuring compliance with regulatory requirements and living the organization's mission.

• Hold periodic staff meetings. Identify areas for improvement, changes in procedures, new developments, or changes in services. Keep team up to date on trends and general credit union information.

• Evaluate and set deposit account rates.

• Collaborate with senior leadership in lending to set loan rates.

• Assist with vendor negotiation and major purchasing decisions for capital equipment or other capital asset expenditures.

• Serve as the credit union's liaison with regulatory agency examiners and auditors.

• Prepare financial analyses of the operations and management of the credit union, including projection of income and expense, profit and loss and asset/liability growth.

• Prepare the annual budget and business plan.

• Monitor Credit Union financial performance and identify profit improvement opportunities.

• Develop short- and long-range trend analyses of operating revenues and expenses, including projected interest from loans, funds available for investment and quarterly dividends.

• Monitor Investment Portfolio for timely maturity of investments and to improve yield opportunities. Provide guidance regarding investment decisions.

• Responsible for establishing and maintaining effective business relationships with vendors, outside auditors and regulators, and professional trade groups.

• Completes special projects as assigned.

• Participates in the credit union movement on a local and state level. Represents the credit union at trade functions, professional organizations, community activities, and any other external credit union functions as needed.

• Evaluates business needs, objectives and goals, researching products available, and designating procedures to best meet those needs.

What You'll Bring To FreeStar Financial:

• Bachelor Degree in Accounting, Finance, or related field is required.
• Minimum of three to five years of experience in a senior management position- financial institution setting preferable but not required.
• Must have knowledge of various federal regulations and the responsibilities relating to each act of the following:
  • • • Bank Secrecy Act (BSA)
      • Right to Financial Privacy Act
      • Gramm-Leach-Bliley Act
      • Regulation E

What You'll Get Working at FreeStar Financial:

• Partner with a talented team helping to provide financial solutions to our members!
• Be part of an environment where our service to each other is just as important as our service to our members!
• A wonderful opportunity to expand your skillset and develop professionally!
• Join a Credit Union culture that makes an impact in the community!
• Join an organization which appreciates and promotes having balance in your life!
• A competitive compensation structure which rewards the contributions of our team members!

Key Words: Credit Union, Vice President, CFO, Finance, Financial, Executive, Leadership, Upper Management, Analysis, Strategic Planning, Bank, Chief Financial Officer, CFO