PURPOSEOur CFO Advisors are our credit union partners' high-level fractional Finance and Accounting services providers. Typically responsible for multiple clients, they are responsible for producing required CFO-level reports, spreadsheets, and analytics for their assigned clientele and attending ALCO/Board Meetings, collaboration with and possible direction of the available accounting resources, and functioning as a strategic partner to credit union senior management.
ESSENTIAL JOB FUNCTIONS - Prepare and examine accounting records, financial statements, and other financial reports for all assigned clients.
- Assist in developing, evaluating, and implementing policies and procedures for the accounting department.
- Ensure policies and procedures reflect current regulatory and GAAP requirements/standards.
- Responsible for financial reporting, financial analyses, cash management, and forecast reports in alignment with client timing requirements for all assigned clients.
- General ledger reconciliations, analysis of financial accounts, and preparation of journal entries. Provide end-of-month close and produce monthly financial statements for all assigned clients on a timely basis.
- Preparation of budgets and periodic analysis of budget variances for all assigned clients.
- Conduct special accounting studies, analyses, and special projects as requested by management.
- Support clients through exam and audit events.
- Provide tactical and strategic consulting; visit client sites from time-to-time to strengthen relationships and support fractional CFO job functions.
- Track hours for billing and product profitability modeling.
- Accuracy and attention to detail are paramount for the success of this role.
SERVICE LEVEL AGREEMENT - Internal
- Uphold CU*SOUTH Code of Conduct and P.R.A.I.S.E. Core Values
- Provide same-day responses to all internal inquiries received by noon that day, provide next-day responses to all others, establishing priority to urgency on all requests
- Provide internal support to all CUSO Development lines of business accordingly, to advocate and encourage internal collaboration
- External
- Uphold CU*SOUTH Code of Conduct and P.R.A.I.S.E. Core Values
- Adhere to timelines provided to Clients and communicate necessary changes to implementation timelines clearly and effectively.
JOB QUALIFICATIONS - B.A. in Accounting, Business Administration or equivalent and five years' related accounting/ finance experience. CPA and/or MBA preferred but not required.
- 5+ years' experience leading credit unions' (or other qualifying financial institutions) finance/accounting teams.
- Fundamental knowledge of GAAP.
- Proficient with MS products. Expert-level Excel.
- Detail and deadline-oriented
- Strong analytical and problem-solving skills
- Excellent verbal and non-verbal communication skills are required.
- Thoroughness, excellent attention to detail, and good problem-solving skills are required.
- Ability to work independently and initiate several projects simultaneously with minimal supervision.
WORK ENVIRONMENT & PHYSICAL ACTIVITIES CU*SOUTH operates with a hybrid workforce strategy. Some job assignments at CU*SOUTH are primarily conducted within the office building(s) while others have moderate to extensive travel responsibilities as described in the Job Functions and/or Job Qualifications section(s) above. CU*SOUTH is committed to working with its employees to reasonably accommodate their needs to perform effectively.
Notice: This job description is not intended to be, nor should it be construed as a contract for employment. CU*SOUTH makes no guarantee of permanent employment. This job description is to be used as a guideline to give the employee an understanding of what CU*SOUTH has defined this position to be.
