Chief Financial Officer

Job Summary

• Under the direction of the Chief Executive Officer, provide monthly and periodic financial management reporting to the Board;
• direct the annual composition of the TCU budget and manage operating results in relation to the budget; manage general ledger (GL) and accounting and bookkeeping functions, and A / R, A / P;

lead asset-liability management (ALM), manage and implement corporate borrowing and deposits, provide for loan funding and liquidity management.

Maintain share insurance, reserves against delinquency, and oversight of debt or other securities held for investment or sale.

All responsibilities are to be performed in compliance with TCU standard operating procedures, TCU policies, applicable state and Federal regulations and applicable state and federal law, as well as according to TCU's Core Values and Performance Standards.

Essential Responsibilities

• Monitor and manage TCU's financial status and performance. Provide financial management reporting monthly and otherwise periodically to the Board and provide context at Board meetings.
• Coach, mentor, supervise and support staff, ensuring optimal performance, and appropriate career development. Ensure that people are well trained regarding products, policies and procedures and well informed regarding legal and regulatory developments.

Ensure that staffing levels are appropriate.

Direct the composition of TCU's annual budget in collaboration with the CEO, providing formats and guidance to contributors, analyses of current positions and forecasting for the coming budget year.

Prepare the budget for strategic planning and Board review.

Monitor and manage operating results. Bring material line-item differences to the attention of department and business line heads and collaborate on solutions as needed.

Champion cost control and operating efficiency.

Manage the accounting and bookkeeping functions, maintaining TCU's books and accounts in an always audit- and exam-ready stance.

Monitor A / R and A / P, expected cashflow and ensuring TCU's commercial credit.

• Lead ALM through monitoring, management, and reporting. Collaborate with the executive group, the Board and committees of the Board to maintain an ALM posture in keeping with regulatory standards, accounting standards, and TCU's safety and soundness.
• Forecast, implement, and manage corporate borrowings and deposits.
• Manage TCU's liquidity in support of strategic targets and regulatory standards. Ensure needed loan funding, participate in product pricing targeting interest and non-interest income.
• Collaborate with the Chief Lending Officer (CLO) and the CEO on establishing and adjusting reserves against delinquency.
• Lead in oversight of all balance sheet items, including debt and other securities held from time to time, ensuring all likely profitability and preventing likely losses.

Follow and maintain TCU's Investment Policy.

• Contribute to vendor risk management and business continuity planning.
• Timely completion of own performance evaluation / and review and submission of supervised employees' evaluations.
• Other duties related to TCU's operations or mission as assigned.

Required Experience & Skills

• At least ten years of direct experience, including seven years in leadership within finance
• Proficiency with Microsoft Office, or software, applications, and SaaS currently used by TCU and assigned to this position
• Can perform responsibilities accurately and timely with moderate and reasonable supervision, with minimal reminders and corrections
• Evident habits of organized workspace and materials, and detail-orientation
• Courtesy, clarity, tact and diplomacy in written and oral communication. Work involves personal contact with others inside and outside the organization, for purposes of giving or obtaining information which may require some discussion and persuasion.
• Critical thinking to evaluate sources of information and draw conclusions

Equal Employment Opportunity and Non-discrimination

Tremont Credit Union provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability or genetic information;

in addition to (MGL C 151b) mental illness, retaliation and active military. Tremont Credit Union complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities and to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

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