Chief Financial Officer

SF Fire Credit Union • Full-time • San Francisco, CA, US • 3m ago

Where it all began…
In 1951 SF Fire Credit Union first opened its doors from a modest 10′ × 15′ office space in 17 Engine. It was from those humble beginnings—where everyone pitched in to help one another in their community—that the organization forged its way of business forever. Today, the San Francisco-based credit union has grown to $1.7B in assets and a membership that extends from the regional firefighters we trace our roots back to throughout our many neighbors in San Francisco, San Mateo and Marin Counties. Our members benefit from the ideas and principles that have shaped us: Shared trust, continuous innovation of products and services, competitive rates, and excellent member service. These qualities foster a true sense of member-ownership and strengthen the credit union’s bond with the people for whom this credit union was created.
What we stand for…
There are a few things we look for those we hire at SF Fire Credit Union, regardless of role or team.
First, do they align with our values?
Be Personal – Walk the Member/Employee Path
Be a Leader – Empower, Collaborate, Own
Be Outside the Box – Innovate, Educate, Engage
Be Real – Integrity and Transparency Matter
Be the Connection – Serve our Community
Second, will they thrive in a culture like ours, where we default to trust, embrace feedback, and desire to innovate? Finally, do they share our vision to help empower members to accomplish their dreams and build lasting financial security in whatever way is most relevant to their role?
What it feels like…
Most days it feels more like going to work with a big family. Whether it’s a pot luck lunch, baking birthday cakes for colleagues in the kitchen, or after-hours get together, we’re here to do a great job and have a good time while doing it! We value a good sense of humor, are motivated by a higher purpose, and always bring an “in-this-together” attitude. While we’re driven to do great work, we also value real work/life balance.
Is This the Career for You?
The Chief Financial Officer (CFO) functions as a key member of the Executive Management Team and provides overall leadership, vision, and direction for the Finance Division. The role serves as a strategic advisor to the CEO and Board of Directors, playing a key role in shaping strategy. The CFO Division includes Accounting, Treasury, and Financial Planning & Analysis. The CFO is responsible for the development and execution of the financial programs in support of the strategic goals and objectives of the Credit Union.
Leads the Asset Liability Committee, working to ensure financial results are within established risk parameters and the Credit Union’s goals of liquidity and adequate capital to ensure the safety, soundness, and viability of the Credit Union.
Brings a high level of technical expertise, guiding technological transformation throughout the organization. Responsible for deep business intelligence within Finance, building out advanced tools and systems to improve reporting within the business and the overall organization. The role requires a high degree of familiarity with liquidity modeling and stress testing.

What You Get To Do:
In collaboration with senior leadership and other departments, develops, recommends, and implements the Finance Division’s strategies, policies and operating procedures that are consistent with overall Credit Union policies and goals.

Makes recommendations for the Credit Union’s Finance Division goals. Based on best practices and proven research, seeks, and delivers operational enhancements. Recommend and implement process improvements.
Manages the Credit Union’s financial and regulatory (including tax) reporting processes.
Leads the Credit Union’s annual budget process. Work with the Executive Management Team to ensure forecasting assumptions are sound and plans are in place to achieve financial goals.
Manages the ALM process including management of the in-house ALM model, development and analysis of assumptions, and preparation of interest rate and scenario modeling to assess the appropriateness of the credit union’s interest rate and liquidity risks.
Leads CECL modeling and reporting, ensuring oversight of third-party vendor systems, and regular validation of the company’s models
Responsible for developing and maintaining the organization’s profitability models, assumptions, and periodic reports
Monitors trends within the interest rate markets, overseeing overall loan and deposit pricing.
Monitors and achieves operational compliance in accordance with the procedures described in Credit Union regulations, policies, by-laws, and guidelines.
Assists in the development of policies related to the duties and responsibilities of the Finance Division to assist organizational continuity in its operations and decision-making.
Ensure compliance with generally accepted accounting principles (GAAP) and with State and Federal rules and guidelines.
Leads the development and execution of a Finance Division Business Line Strategy.
Participates on the 401K Trustee Committee which is responsible for the investments held by the plan.
Leads the Asset Liability Committee.
Participates on the Crisis Management Team (CMT) as the Information Facilitator and Finance Lead for the Credit Union’s Business Continuity Plan.
Participates on the Credit Risk (CRC), Enterprise Risk Management (ERM), and Finance Committees.
Remains cognizant of and adheres to credit union policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Builds and sustains a highly capable and contributing leadership team consistent with the Credit Union’s culture. Manage all aspects of the staffing and employee development within this department including the hiring, promotion, coaching, on-going evaluation, and termination of employees.

Note: This job description is non-contractual, or an exhaustive list and it may be added to or changed to from time to time.
What We Look For In You:
EDUCATION: A bachelor's degree in accounting or finance is required.
EXPERIENCE: A minimum of 15 years of progressively responsible management experience in a financial institution setting. Advanced knowledge of financial reporting, planning and analysis, asset liability management, CECL modeling, liquidity stress testing is required. Must possess in-depth knowledge of all laws and regulations impacting the credit union industry and generally accepted accounting principles (GAAP).
SKILLS & COMPENTENCIES:

Thorough understanding of banking practices and regulations is essential. A qualified applicant must possess strong analytical skills, and the ability to gather, analyze and present complex concepts or information in a clear and concise fashion. An applicant must also have strong interpersonal skills with the desire to coach and interact with all facets of the organization.
Proven track record of driving technological change within Finance and across the organization.
Excellent leadership skills with experience managing and developing high-performing teams.
Exceptional communication and interpersonal skills, with the ability to engage effectively with both internal and external stakeholders.
Willingness to “roll-sleeves” up to help the credit union achieve its broader goals.
Quantitative mindset with the ability to leverage data and insights to inform financial decisions.
Commitment to the credit union’s mission, values, and member-first approach.
Adaptability and the ability to thrive in a dynamic and fast-paced environment.

Note: This job description is non-contractual, or an exhaustive list and it may be added to or changed to from time to time.

Salary
This compensation range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. At SFFCU, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range for the San Francisco Market is an annual salary of $300,000 to $385,000.