Chief Financial Officer

GENERAL SUMMARY:
This Chief Financial Officer (CFO) plays a key leadership role within Siouxland Federal Credit Union, overseeing the Finance and Accounting functions to ensure compliance with all relevant state and federal regulations, including National Credit Union Administration (NCUA) guidelines and generally accepted accounting principles (GAAP). This position is critical to maintaining financial integrity, supporting strategic goals, and contributing to the growth and success of the credit union. The CFO works closely with the President, providing financial insights, managing audits, and implementing financial controls.   
 
PRIMARY DUTIES/RESPONSIBILITIES: 

1. Financial Management:
   • Prepare and maintain accurate financial statements, general ledgers, and budgets in alignment with organizational policies and goals.
   • Ensure compliance with GAAP and regulatory requirements through sound accounting practices.
2. Audit and Compliance:
   • Develop and execute internal and external audit procedures to safeguard assets and maintain effective financial controls.
   • Serve as the primary liaison with regulatory agencies and auditors, ensuring timely and accurate reporting.
3. Cash and Investment Oversight:
   • Monitor cash management and investment strategies to optimize financial performance and maximize earnings.
4. Budgeting and Financial Planning:
   • Lead the budget planning and forecasting process to align with the credit union’s long-term strategic direction and control operating expenses.
   • Provide financial analysis and recommendations to support decision-making.
5. Team Leadership:
   • Manage and mentor the finance and accounting team, ensuring productivity and compliance. Responsibilities include hiring, assigning duties, performance management, coaching, and professional development.
6. Vendor and Asset Management:
   • Oversee vendor negotiations and major capital purchases, ensuring alignment with organizational objectives and financial prudence.

1. Payroll and Benefits Administration:
   • Oversee payroll processing and 401K recordkeeping, ensuring accuracy and compliance with relevant laws.
2. Insurance and Bond Compliance:
   • Ensure the credit union maintains adequate insurance coverage and complies with bond requirements (e.g., TruStage Bond, Beasley Cyber).
3. IRS and Regulatory Compliance:
   • Ensure compliance with IRS regulations and other tax-related requirements.
4. Accounts Payable Oversight:
   • Supervise the payment of bills and invoices, ensuring accurate and timely processing.
5. Vendor and Auditor Relations:
   • Maintain strong relationships with auditors, examiners, and third-party vendors (e.g., NCUA, Peterson & Associates, Mark Smith ALM).
6. System Improvements:
   • Learn and evaluate data processing systems, recommending and implementing improvements to increase efficiency.
7. Operational Support:
   • Rotate with management staff to ensure operational coverage, including service availability until 5:30 p.m.