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Chief Financial Officer (CFO)

University of Kentucky Federal Credit Union

This is a Full-time position in Lexington, KY posted April 5, 2021.

UKFCU is an equal employment opportunity employer and is committed to providing employment opportunities to minorities, females, veterans, and disabled individuals.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or status as a protected veteran.

UKFCU invites you to review the current “EEO Is the Law” poster as part of the application process.

A link to the most current posters is here .

Please also see the 2015 Supplemental EEO Poster here .n nApplications are only accepted through our online application system.

However, if you need assistance with any part of the application process or are unable to apply online because of a medical condition or disability and need an accommodation, please contact to let us know the nature of your request.

Please note, UKFCU accepts only employment applications that are complete and received by the Office of Human Resources by the specified deadline for each opening.n _________________________________________________________________________________________________________n Title: Chief Financial Officern Department: Administrationn Reports to: President/Chief Executive Officern FLSA: Exemptn Job Grade: 21n n Job Purpose: This positions primary purpose is to ensure the long term financial stability of the credit union.

It is responsible for the strategic direction and oversight of the accounting, finance, deposit and lending operations of the credit union.

The incumbent will create and execute long range strategies to ensure healthy and balanced growth of the credit union.n n Essential Job Results: n n JOB SPECIFIC RESULTS n Assumes responsibility for all processes related to the accounting department, including accounting control, cash management, invoice processing, cash position, Federal Reserve transactions, general ledger, expense accounting, investments and securities.

Ensure that all Accounting processes are conducted according to GAAP.

Oversee and direct Treasury, audit, tax, accounting, purchasing, real estate and insurance activities.

Responsible for monitoring and responding to interest rate, credit and lending portfolio risks and establishing appropriate concentration limits in order to maintain an appropriate Asset/Liability mix.

Provide monthly reports to the Senior Staff and Board related to Asset/Liability Management and investments.

Establish, monitor compliance with and ensure that all policies related to finance, accounting, lending and deposit operations are current and aligned with all applicable regulations and laws.

Work with all major areas of the credit union to establish budget, revenue, expense and capital expenditure plans and monitor progress toward established goals.

Ensure reconciliation of all assigned general ledger accounts.

Review and approve all expenses related to area in a timely fashion.

Review contracts with vendors for favorable terms and ensure compliance with terms and conditions.

Oversee the creation and analysis of statistical and financial reporting that provides insight on rates, terms, income and expense trends, performance, risks, and opportunities for the credit union and may be used for effective decision making.

Monitor the profitability and utilization of credit union products and services to identify those with positive ROI.

Make recommendations on the continuation or discontinuation of products and services that do or do not meet the needs of the member while enhancing the financial results of the credit union.

Oversee the investment portfolio of the credit union to achieve above average earnings and the proper utilization of borrowing capacity for managing liquidity.

Oversee the lending operations to ensure proper underwriting practices and processes are implemented and that members lending needs are met in a compliant manner.

Oversee the Asset Recovery department to ensure all collections activities are compliant.

Responsible for overseeing the maintenance and support of the credit unions digital banking platform and all related activities.

Remains current on accounting conditions that may affect the credit union.

Develop effective working relationships with regulatory agencies and auditors.

n GENERAL MANAGEMENT RESULTS n Maintains staff by recruiting, selecting, orienting and training employees, maintaining a safe and secure work environment, and developing personal growth opportunities.

Mentors staff by providing individual guidance and technical expertise.

Accomplishes staff job results and departmental goals by coaching, counseling and disciplining employees; communicating job expectations; effectively scheduling staff to meet the credit unions needs; planning, monitoring and appraising job results; conducting training; initiating, coordinating, implementing and enforcing systems, policies and procedures; and keeping supervisor updated on issues on a regular basis.

Completes operations by developing schedules; assigning and monitoring work; gathering resources; implementing productivity standards; resolving operations problems; maintaining reference manuals; implementing new procedures; keeping supervisor informed of problems and solutions.

Maintains department policies and procedures by assessing practices, identifying strengths and weaknesses, and recommending changes to the supervisor.

Maintains operations by initiating, recommending, coordinating and enforcing operational and personnel policies and procedures; and coordinating, developing and maintaining comprehensive procedures for each position in the operational area of responsibility.

Manages diversity in the workplace by understanding, supporting and practicing equal employment opportunity regulations and participating in all mandatory training regarding this and related topics.

n GENERAL STAFF RESULTS n Maintains member and employee confidence and protects operations by keeping information confidential and sharing on a business-related as-needed basis only.

Engages in problem resolution by clarifying the members and/or employees complaint; determining the cause of the problem; selecting and explaining the best solution to solve the problem; expediting correction or adjustment; following up to ensure resolution; and keeping the supervisor informed of problems and solutions.

Complies with UKFCU policies and procedures by enforcing and adhering to internal UKFCU procedures and board-established policies.

Complies with federal, state and local regulations and legal requirements by enforcing and adhering to requirements.

Maintains professional and technical knowledge by maintaining an awareness of competitors rates and terms, industry trends and technology; attending staff meetings; identifying opportunities to attend seminars that enhance skills and maintain knowledge of new products that could assist in improving operational effectiveness; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; and participating in professional societies.

Contributes to a team effort by accomplishing corporate and individual goals and other related results as needed.

n KEY COMPETENCIES n Professionalism in all communications.

Commitment to the Credit Union movement and philosophy.

Integrity in all actions.

Ability to identify the needs of the member and provide services to meet those needs.

Accountability to established metrics and performance goals.

MENTAL DEMANDS: n The mental characteristics necessary to competently perform this job include the occasional need to be persuasive, use good judgment; and, the continuous need to use auditory perception, memory, and reasoning ability.n n*The intent of this job description is to provide a representative summary of the types of results that will be required of the positions given this title, and shall not be construed as a declaration of the specific responsibilities of any particular position.

Employees may be requested to perform job-related tasks other than those specifically outlined in this description.n nQualificationsn n MINIMUM REQUIREMENTS n Ten to fifteen years of similar or related experience, including financial data processing systems.

Experience should show a progression in responsibility and supervision.

Minimum of five years supervising high performing teams.

Advanced degree (Masters or above) with a focus in Finance, Accounting, Economics or related field.

CPA preferred.

Experience in GAAP and all State and Federal regulations, including those that have a direct impact on financial institutions.

Ability to effectively use office technology.

Ability and willingness to work as part of an established Senior Management team.

Excellent communication skills, including the ability to actively listen, collaborate, and foster trust and cooperation.

Ability to create high quality correspondence, policies and procedures using proper sentence structure, punctuation, grammar and spelling.

Ability to manage multiple projects and assignments simultaneously and meet required deadlines.

Ability to foster positive relations with volunteers, community leaders, business leaders and internal managers.

Ability to add, subtract…..

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