Falls Church, VA
Arlington Community Federal Credit Union (Arlington) is searching for a chief financial officer (CFO). The credit union’s mission is to empower the financial lives of its members through Remarkable Service. At Arlington, remarkable service means embodying core values in all interactions with members, potential members, co-workers, and the community.
The CFO will oversee the areas of accounting, finance, risk management, and facilities management striving for results and excellence in all areas of responsibility. The CFO is a member of Arlington’s executive team and will bring leadership and innovation while remaining at the forefront of financial services management. The CFO can coach and manage accounting operations while also engaging and working with an experienced team on matters of financial strategy, risk management, and asset-liability management. He or she will develop and implement long-range strategic plans to address the evolving needs of the organization and its members.
Financial Strategy and Balance Sheet Management- The CFO will create and execute the financial strategy of the organization and ensure full transparency over the financial performance of the organization. Additionally, the CFO will advise on long-term business and financial planning and administer, develop, and manage the Credit Union investment portfolio to provide liquidity and safety while optimizing earnings. The CFO will effectively utilize asset-liability management tools and partnerships to conduct analysis and make recommendations for effective balance sheet management and participate in the leadership team and organizational projects by contributing ideas and concerns. The CFO analyzes, justifies, and recommends changes in operations to enhance productivity and the financial strength of the organization.
Financial Reporting/Budget Management- The CFO will manage the processes for financial forecasting, financial controls, budgeting, and budget management. The CFO will oversee the preparation of all financial reporting and prepare an annual budget in support of the organization’s goals and objectives, which include capital expenditures and personnel costs. The CFO will also act as the key liaison for all financial audits and examinations and ensure effective and transparent reporting to the Board and Supervisory Committee.
Risk Management Oversight- The CFO is responsible for the management and development of the credit union’s enterprise risk management program, including adequate risk analysis, risk mitigation, risk reporting and oversight of effective risk mapping and prioritization in partnership with Internal Audit. The CFO oversees the formulation and maintenance of business impact analysis, compliance, and disaster recovery plans, procedures, and testing and ensures credit union engages in all required audits and examinations and engages in a proactive approach to enterprise risk management.
Facilities Oversight- The CFO is responsible for facilities management, including maintenance and signage., management of facilities contracts and broker managed lease negotiations.
Professional Leadership and Staff Development- The CFO consistently and positively contributes to the professional image of the credit union and executive team with generative thought, leadership, and ongoing evolution of executive performance. The CFO coaches and develops direct reports to deliver excellence and continually evolve their skill sets and organizational contributions. As the CFO, you will forecast the future skills needed in each area of oversight.
Qualified candidates will have a bachelor’s degree in accounting, finance, business, or a related field and a CA, CMA, or CPA designation is preferred. Candidates should have 10 or more years of experience in a financially sound institution, 5 of which must be at the executive or senior management level. Top candidates will be able to create and manage a sophisticated budget process and understand/learn the core data system and workflow of operations. Top candidates will also be results-oriented, a strategic thinker and planner, and an exceptional communicator and presenter. The CFO must have advanced computer skills, including proficiency in MS Office.