AP Professionals
March 27, 2024
Buffalo, NY, United States
Job Type


Pay: $100,000 - $130,000 a year (+ annual bonus/incentive)

The Opportunity

  • The Chief Financial Officer directs and manages all practices and activities in the Finance and Accounting functions to ensure compliance with State and Federal rules and regulations. The CFO manages auditing, accounting, and recordkeeping activities of the credit union to ensure they meet generally accepted accounting practices (GAAP) and additionally provides support and makes recommendations relating to budget preparation, income forecasts, and operational changes as needed.

Duties and Responsibilities

  • Participate in the credit union’s long and short-term strategic planning. Oversee budget planning, preparation, and administration processes to control operating expenses and achieve credit union’s strategic direction.
  • Communicate with Board of Directors, the Supervisory Committee and management team regarding strategic recommendations, financial results and policies which effect the credit union to assure that they are informed about matters which affect the financial institution.
  • Develop, implement, and evaluate policies and procedures for the Accounting/Finance Department. Ensure that policies and procedures reflect current regulations and are communicated to and implemented by subordinates.
  • Represent the credit union at external functions and attend board meetings and report on assigned areas s requested by the CEO.
  • Manage direct reports to maximize productivity, efficiency, and the potential human assets of the credit union including: hiring, directing job assignment, monitoring staff performance, coaching, counseling, training, assuring compliance with regulatory requirements and organizational mission, vision, and core values.
  • Hold periodic staff meetings. Identify areas for improvement, changes in procedures, new developments, or changes in services. Keep staff up to date on trends and general credit union information.
  • Assist with vendor negotiation/due diligence and major purchasing decisions for capital equipment or other capital asset expenditures.
  • Develop, perform, and oversee various internal audit procedures, i.e., cash counts, teller drawer audits, review of employee accounts, loan documentation, wire transfers, etc.
  • Serve as the credit union’s liaison with regulatory agency examiners and auditors.
  • Maintain ALM reporting and analysis according to OSFCU policies and procedures.
  • Assist lending staff with CECL reporting and accounting summary developments, or changes in services. Keep staff up to date on trends and general credit union information.

Minimum Qualifications:

  • Bachelor’s Degree in Accounting or Finance required.
  • Certified Public Accountant and/or MBA highly desirable.
  • Credit Union or financial institution and/or banking experience in accounting or finance with consistently increasing responsibility.
  • Excellent communication and negotiation skills; collaborative leadership style; ability to manage change. Candidates should have experience in a leadership role with a proven ability to manage and oversee the long-term growth and goals of a company.
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