Chief Financial Officer; CFO

Position Summary:

As an essential member of the senior management team, the CFO is responsible for the overall financial governance, policies, and administrative operations within the Accounting, Finance, and Payments and Facilities Departments. This role has a high degree of responsibility and accountability for the performance of these departments, including but not limited to financial reporting and communication, financial and business planning and analysis, asset‑liability management, and board of directors reporting and relations.

• Manages the balance sheet via analysis of credit union financial condition, balance sheet makeup, market analysis and direction, and strategic and tactical opportunities that are identified or present themselves.
• Sees the “big picture” and is a leader in driving strategic direction to achieve balance sheet goals and to maintain and improve the overall financial condition of the Credit Union.
• Supervises and sets the tone and direction for the leadership of the Finance, Accounting, Payments, and Facilities departments, including processes and personnel development.
• Recognized as the Credit Union’s subject matter expert pertaining to all policies, practices, and procedures for Accounting and Finance.
• Presents timely and accurate periodic reporting, analysis, and communication to Senior Management and the Board of Directors.
• Actively participates in both Internal Meetings and Board Committee Meetings. Serves as Chairman of the Internal Asset Liability Management (ALM) committee.
• Provides a blend of strategic and operational competencies to help drive the Credit Union’s financial initiatives and strategies to enhance member value.
• Leads, educates, consults, and provides excellent customer service on the Credit Union’s financial philosophy, performance, and long‑term plans.
• Works to create a positive image of the Credit Union through various avenues including community involvement and participation in professional associations.
• Is responsible for ensuring Credit Union Succession Plans are met in the departments managed.
• Ensures compliance with Cobalt’s affirmative action plan, providing equal employment opportunities for all individuals.

• Develops and directs the development and implementation of the Credit Union’s fiscal strategic plans, initiatives, and policies, including the annual budgeting process and periodic forecasting process.
• Assists the SVP, Finance in coordinating the Credit Union’s fiscal year‑end audit processes and scheduled regulatory safety and soundness examinations.
• Assists HR in the reports and analysis related to the Credit Union’s employee and senior management incentive plans.
• Provides financial input and leadership relative to decisions made on business challenges, potential mergers and acquisitions, and potential new business partnerships or alliances.
• Provides oversight and analysis for:
  • Peer Group and Comparative Market Analysis
  • Corporate Insurance Policies
  • Industry trends and changes that could impact the Credit Union

• Board meeting preparation, reporting, and communication.
• Prepares information and analysis provided for the annual member meeting.
• Serves as an authorized corporate signer on documents and resolutions.
• Acts as fiduciary of the Credit Union’s 401(k) plan.
• Advises from the financial and compliance perspective on any vendor contracts the Credit Union may enter into.

• Responsible for the inputs, assumptions, projections, and analysis for the third‑party ALM modeling process used for both liquidity and interest rate risk management.
• Manages the Credit Union’s investment portfolio and wholesale funding portfolios.
• Actively participates with Senior Management in determining the Credit Union’s deposit and loan pricing, including effective net interest margin management.
• Actively participates at the quarterly Board Risk Management Committee meetings.
• Manages the following risk management areas:
  • Current and contingent liquidity risk…