Chief Financial Officer

Overview:
The Chief Financial Officer position at Northwest Federal Credit Union (NWFCU) is accountable for the accounting, financial, and risk management operations, to include maintaining the credit union's financial operations, overseeing budgeting and forecasting and contributing to the organization's planning activities. Responsible for all functions within the Accounting, Finance and, Risk Management departments, this executive will establish and uphold the goals in order to maintain the credit union's financial health and assist in growth. The CFO will serve as the primary leader of the credit union's asset-liability strategies, cash management and investment functions, financial reporting and production pricing/cost accounting models.

As a key member of the executive team, this position provides strategic direction and is responsible for the development and sponsorship of long-term financial objectives for the credit union.

Responsibilities:
Manage a team of 30 employees in Accounting, Finance and Risk Management

Responsible for the monitoring and analysis of the credit union's financial performance and providing recommendations and plans for performance enhancements

Responsible for the assessing, monitoring, and managing the Credit Union's enterprise-wide risk management framework, related policies and reporting of pertinent risk items including recommendations to the Board for changes in the various risk components

Management and oversight of the institution's investment portfolio, in conformance with applicable laws and regulations as well as in accordance with the credit union's Investment Policy and defined risk parameters

Responsible for oversight of bond accounting activities and modeling of projected performance of the portfolio and individual investments under varying conditions and scenarios

Management of the institution's cash flows and related short-term cash and cash equivalent investments and overall liquidity requirements and positioning of the organization

Provide oversight of the Credit Union's internal accounting systems and procedures necessary for recording, monitoring and evaluating the Credit Union's financial performance and insuring the accuracy and efficiency of these systems

Design, development, implementation, reporting and maintenance of the organization's cost accounting system including unit costing, product costing and member costing systems

Ensure compliance of accounting reporting and systems with generally accepted accounting principles and applicable regulatory directives

Prepare, review and analyze financial reports and information

Direct and coordinate all budgeting processes and prepare and report on the organization's annual budget

Develop software-modeling capabilities suitable to measure and manage the various risks embedded in the organization's sheet including interest rate, credit and liquidity risks

Qualifications:
Bachelor's degree in Accounting, Finance, or a related field and a minimum of 10 years' experience as a Chief Financial Officer in a large financial institution

CPA preferred

Demonstrated leadership experience as it relates to developing corporate vision, culture, and strategic plans

Extensive experience developing and successfully executing financial and organizational plans to achieve established goals

Effective presentation and speaking skills to groups, particularly including the Credit Union's Board of Directors

Familiar with all risks embedded in the institution's balance sheet and must be skilled in the identification, quantification and effective management of these risks

Thorough knowledge of generally accepted accounting principles (GAAP) and a general understanding of international financial reporting standards (IFRS) is mandatory

Comprehensive understanding of financial reporting standards including regulatory call reports along with knowledge of NCUA regulations is essential

In-depth knowledge of asset/liability theory along with practical application to the management of the institution's balance sheet is required

Experience in managing a large fixed income portfolio and preferably have experience in designing and managing interest rate risk hedges utilizing interest rate derivatives

Extensive experience is also required in developing and successfully executing financial and organizational plans to achieve established goals

Extensive knowledge of principles of financial institution operational functions and data processing systems is necessary

EEO Notice:
Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.

NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at (phone number removed) or (url removed).