Chief Financial Officer

Alabama State Employees Credit Union (ASE) was established in 1954 to serve the financial needs of the state employees and their families.  Now with over $420 Million in assets, ASE has expanded bringing on additional select employee groups while serving 11 counties in the state of Alabama.  With headquarters in Montgomery, AL, their mission is to serve their communities with integrity and commitment while helping members manage finances and realize dreams.   They have been awarded “Best of the Best” credit unions in the state and their core values consist of putting members first, demonstrating integrity, fostering trustworthiness, treating others with respect, being engaged and acting with a sense of urgency.   

The credit union is poised for additional growth and has an exciting new opportunity for a financial executive to join their team as the Chief Financial Officer.  This individual oversees the credit union’s overall financial plans and policies, accounting practices, budgeting, taxes, asset and liability management and relationships in accordance with applicable state and federal regulations and laws. They will also develop and coordinate necessary and appropriate accounting and statistical data and reports, and counsels’ management on fiscal control and profitability.

Major Duties and Responsibilities

• Oversees, evaluates and interprets statistical and financial reporting on the status of

the financial institution to provide information to management and the Board of

Directors.

• Serve as a coach and mentor to the team by providing direction, support, and

encouragement. Empower team members to take ownership in job responsibilities and

maintain focus on the credit union’s mission, vision, and core values in goal

achievement. Provide open ongoing communication to the team. Responsible for

recruiting, performance management, adherence to policies, career development,

recognition, employee engagement and retention. Knowledge of employment laws and

practices.

• Represents the credit union on financial matters with industry, governmental, and

regulatory organizations as well as with ratings agencies and outside investors as

applicable. Serves as the Credit Union's liaison with NCUA and ACUA examiners and

independent auditor to ensure they receive the necessary information to perform their

reviews. Oversees all required regulatory reporting to assure compliance in the most

cost-effective manner and minimize legal liabilities.

• Monitors product utilization and feedback regarding financial institution services to

accurately evaluate and recommend new product and business lines which provide

customers valuable services while enhancing the stability and financial results of the

company.

• Monitors interest rate, credit and portfolio risk status and set limitations as required for

Asset/Liability Management. Identify ways to reduce interest rate risk and sensitivity.

Provide detailed ALCO and Investment reports to Board and Executive Management.

Updates the ALM policy in accordance with the NCUA rules and regulations.

• Manages and optimizes the investment and borrowing portfolios of the company in

order to achieve above average earnings and safeguard the assets of the financial

institution for the customers.

• Manage the financial institution’s Risk Management program; acquire adequate and

appropriate casualty and liability insurance coverage to adequately protect the financial

institution from various types of exposure.

• Comply with all company policies, procedures, and service standards. Comply with all

applicable laws and regulations.

The selected candidate will have eight to ten years of demonstrated success in financial management and accounting with a minimum of five years in management.  A forward-thinking mindset, excellent leadership and communication skills, belief in the cooperative culture and exceptional integrity and trust are a must.  Bachelor’s degree and CPA preferred.