Chief Financial Officer - Clean Energy Credit Union

JOB DESCRIPTION

 

Job Title: Chief Financial Officer (CFO)

Department/Group: Finance

Reports To: CEO

Status: Full Time Hybrid Position

Clean Energy Credit Union is passionate about promoting clean energy to protect our environment and improve our economy. Our focus is on providing clean energy loans that reduce the cost of living for members while also decreasing their environmental footprint. We envision a world where everyone can participate in the clean energy movement.

Primary Purpose of Position:
As the Chief Financial Officer, you will serve as our financial architect of our climate-friendly credit union, steering our financial strategies and ensuing sustainable growth.  Your role is pivotal in shaping our financial future. Your responsibilities include strategic financial leadership, driving our plans, policies and accounting practices to align with our growth.  Oversees the regulatory reporting, budgeting and accounting standards while managing our asset liability management.  Leads our financial control activities, interfaces with external auditors and NCUA examiners, and safeguards our assets.  Develops and coordinates necessary and appropriate accounting and statistical data and reports to guide strategic decisions. Counsels management on fiscal control and profitability ensuring fair measurement and presentation of financial results under U.S. GAAP. Provides leadership, training and supervision to accounting and finance teams fostering a culture of excellence.   

Job Description

Essential Functions: Oversees all daily, weekly, quarterly, and annual accounting activities. Responsible for identifying and placing appropriate investments to maximize gains under the direction of the CEO Communicates with the Board of Directors, the Supervisory Committee, and management regarding strategic recommendations, financial results, and policies which affect the credit union. Ensure that these communications are timely, accurate, and adequately informed about matters. Presents financials at monthly Board meetings. Collaborates with management on projects, programs, and events to create budgets, then regularly monitors results to ensure we are staying within budgeted guidelines.   Ensures accurate preparation and timely submission of regulatory reports including Call Reports (Form 5300). Assists NCUA examiners, Supervisory Committee and independent auditors to ensure they receive the necessary information to perform their reviews. Manages direct reports in both a report to maximize productivity, efficiency, and potential This includes hiring, directing job responsibilities, monitoring performance, providing coaching, training, assuring compliance with regulator requirements and organizational mission, values, policies, and work rules. Promotes a culture of teamwork. Appraises performance and provides recommendations for staff compensation, promotion, and termination, as appropriate. Prepares relevant reports for the Asset Liability Committee (ALCO) and serves as an active voting member to the committee. Identifies and implements process improvements to enhance and streamline internal operations. Oversees accounts payable and vendor management, including required periodic vendor due diligence and contract renewal negotiations. Oversees electronic payments to ensure efficient, timely processing and full compliance with all FRB and NACHA rules. Oversees the annual budget cycle. Coordinates periodic Asset Liability Management testing and builds and maintains related financial models. Works with the VP of Sustainability and Dealer Relations to ensure compliance with Loan Loss Reserve programs and audits to ensure proper coverage. Participates in establishing the strategic direction of the credit union by developing plans with the management team. Fosters a culture of innovation and sustainability, encouraging the development of new financial products and services that support the credit unions mission and goals. Must comply with all credit union policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. Responsible for researching compliance with new and existing technical accounting issues. Supports credit union staff as needed. Performs other tasks and duties as assigned.

Position Titles That Report to this Position

Director of Accounting

 

Preferred Job Competencies

Analytical Skills: Proficiency in analyzing financial data and generating insightful reports to support decision-making. Detailed knowledge of the credit union’s products, services, policies, and procedures. Regulatory Knowledge: Familiarity with regulatory requirements and compliance, including experience with NCUA examiners and external auditors. Self-motivated and Resourceful with an ability to juggle multiple priorities, handle assignments independently, detail-oriented, and work under tight deadlines. Leadership – Identifying opportunities for long-term credit union success and inspiring others to pursue excellence.  Works closely with other departments to ensure financial strategies support overall business objectives. Driving for Results - Setting high goals for personal and group accomplishment; using measurement methods to monitor progress toward goals; tenaciously working to meet or exceed goals while deriving satisfaction from that achievement and continuous improvement. Data Analysis – Gathering, manipulating, processing, and evaluating numeric data to guide credit union decisions. Earning Trust- Gaining others’ confidence by acting with integrity and following through on commitments. Has strong ethical standards and integrity, ensuring transparency and fairness. Adaptability:  Ability to adapt to changing financial landscapes and regulatory environments. Communication - Excellent verbal and written communication skills to effectively counsel management and board of directors with the ability to present financial information. Process Development – Creating and improving procedures to increase workflow, efficiency, and outcomes. Has familiarity with financial software and tools to streamline accounting and reporting processes. Driving Innovation - Creating an environment (culture) that inspires people to generate novel solutions with measurable value for existing and potential customers (internal or external); encouraging experimentation with new ways to solve work problems and seize opportunities that result in unique and differentiated solutions. Financial Acumen: Deep understanding of financial planning, budgeting, and accounting principles, especially within the context of U.S. GAAP

Education and Work Experience

Four-year college degree in business with specialization in accounting or finance. Minimum five years’ experience in budget forecasting and regulatory reporting, while adhering to generally accepted accounting principles and all State and Federal regulations. Minimum five years’ experience in a leadership role in a financial institution with at least two of which are in a Credit Union. Certified Public Accountant CPA. Experience with Wisdom Accounting a plus. Advanced knowledge of Microsoft Office applications (Word, Excel, PowerPoint). Excellent Math, Communication, and Analytical skills.

WorkingEnvironment/PhysicalActivities

This job operates in a professional office environment and may be eligible for part-time remote work. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this job. Sedentary computer work. Position is subject to irregular hours. May require occasional travel to attend off-site meetings and or conferences. Must be able to lift 35 lbs. Ability to read, write, and understand English fluently.

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