Chief Financial Officer

Job Description

Minimum Education:

Bachelor's degree in Finance, Accounting, Business, or related field and ten (10) or more years of experience in finance, accounting, budget, cash Management, credit, insurance, tax, and treasury operations including three (3) years of supervisory or management experience. Master's degree in business administration, finance or accounting preferred. CPA certification preferred.

Job Purpose and Scope:

Develops and implements financial objectives, strategies and policies that enhance profitability and moderate risk. Prepares, presents, and interprets financial reports for the Chief Executive Officer (CEO), Association Directors, and governmental agencies. Has broad responsibility for the organization's fiscal operating results. Has considerable unreviewed latitude for decision making in the planning and accomplishment of association goals.

Essential Functions:

Develops sound, progressive and effective association programs in the areas of funding, investments, cash management, forecasting, budgeting, and similar activities of the association within guidelines established by FCA and the association's Board of Directors.

Oversees budget planning activities, including establishment of performance standards and monitoring investment performance.

Develops the annual operating budget, capital budget, and capital plan.

Provides financial and operational analysis to support managerial decision-making processes; including the development of new analytics for association performance.

Reporting programs to assess operational team effectiveness and efficiencies which directly report to the CFO's office.

Analyzes and recommends appropriate levels of capital for the Association and makes recommendations for uses of excess capital for consideration by executive staff and the board.

Oversees staffing, including selection, performance evaluations and training and development within the financial and accounting division of the association.

For the financial and accounting division of the association develops, analyzes and recommends new or improved policies and procedures that contribute to the successful operation and financial soundness of the Association.

Operates sound, progressive and effective association programs in the area of investments, financial accounting, loan accounting, cash management, and treasury services within guidelines established by the FCA, the Association's board and within the bounds of sound business practices.

Responsible for departmental budget. Commits expenditure of funds within delegated approval authority limits.

Responsible for monitoring compliance with GFA and participating in the stress testing process.

Create and enforce accounting and finance policies, procedures, internal controls, and maintain the Association's ICFR program.

Collaborate with executive management on technology projects and responsible for financial system upgrades and changes.

Manage insurance and other financial protections of the association.

Provide strategic leadership for the association's finance and accounting functions.

Other Duties:

Serves as co-chairperson of the Asset/Liability Committee and coordinates the association's asset/liability management programs to facilitate the assessment and control of interest rate risk and ensures compliance with association financial objectives.

Oversees the allowance for loan loss calculation and adjustments.

Keeps the Association's senior management team and Board of Directors informed on significant items affecting the Association's financial operations.

Communicates association board policy and management philosophy on fiscal related items to division staff and where applicable, to other association areas.

Serves as a member of system-wide work groups or committees as appropriate.

Acts as liaison for audit and review activities within the division of the association. Coordinate the preparation of information requested by third parties which effects the finance and accounting division.

Skill Requirements:

General knowledge of accounting/financial systems. Specialized knowledge of accounting/finance principles. Skill in oral and written communication. Intermediate to advanced skill level in Microsoft Office applications. Ability to perform advanced accounting/financial analyses under limited supervision.

About Us

Alabama Farm Credit is an aggressively growing $1 billion Farm Credit association dedicated to the financial needs of our rural communities. In short, we help fund new ways to grow food, generate energy, access technology, and otherwise improve life in rural America. A career at Alabama Farm Credit can offer you the opportunity to make a personal impact on the people and communities where we do business.

The institution is headquartered in Cullman, AL with five offices that serve the northern twenty-seven (27) counties of Alabama. We continue to serve the agricultural related needs of the two major metropolitan areas of Alabama in Birmingham and Huntsville. We…