Chief Financial Officer

Chief Financial Officer
Arlington Community Federal Credit Union
$505M in Assets
Fall Church, Virginia

Making Every Day REMARKABLE!

At Arlington Community Federal Credit Union (ACFCU), every day and every member interaction is an opportunity to be remarkable. We believe in empowering our neighbors to achieve their financial goals and dreams, which helps our community thrive. Discover how our vision and values drive exceptional service and create a meaningful impact for our members and the communities we love as our new Chief Financial Officer.

ACFCU Chief Financial Officer (CFO)

Our next Chief Financial Officer (CFO) will join a dynamic senior leadership team committed to fostering a culture of excellence by leading with integrity, collaboration, and a hands-on approach. This role is pivotal in maintaining a healthy and supportive working environment for our employees, which directly contributes to member satisfaction and loyalty.

As a visible and influential strategic leader, the Chief Financial Officer will play a pivotal role in shaping the credit union's future. Reporting directly to the chief executive officer, the CFO will drive financial success by making sound decisions, spearheading strategic planning initiatives, and ensuring operational excellence. This dynamic leader will provide financial insights, oversee fiscal management, and collaborate with executive leadership to achieve the organization's goals and long-term vision.

The CFO will oversee the Accounting, Finance, and Risk Management, ensuring alignment with the credit union’s goals and values. This vital role involves performing essential financial functions that support the credit union's efficient and profitable operations while promoting a thriving culture and exceptional member experience. The following are the essential duties and responsibilities of our next CFO.

Financial Strategy and Asset Liability Management
Develop and Execute Financial Strategy: Create and implement the organization’s financial strategy to align with its goals and ensure sustainable growth.
Ensure Transparency: Maintain full transparency over the organization's financial performance, fostering stakeholder trust.
Advise on Long-Term Planning: Provide strategic advice on long-term business and financial planning to support the Credit Union’s mission and vision.
Investment Portfolio Management: Administer, develop, and manage the Credit Union’s investment portfolio to ensure liquidity and safety, as well as optimize earnings.
Asset Liability Management: Leverage asset liability management tools and partnerships to perform in-depth analysis and offer effective balance sheet management recommendations.
Collaborative Leadership: Actively participate in leadership team discussions and organizational projects, contributing ideas and insights and addressing concerns to drive strategic initiatives.
Operational Analysis and Recommendations: Analyze current operations, identify opportunities for improvement, and recommend changes to enhance productivity and financial stability.

Financial Reporting and Budget Management
Financial Forecasting and Controls: Manage processes for financial forecasting, maintaining robust financial controls and ensuring accurate budget development and oversight.
Financial Reporting: Oversee the preparation and delivery of all financial reports, ensuring they are accurate, timely, and aligned with regulatory requirements.
Annual Budget Preparation: Develop and manage the annual budget to support the organization’s strategic goals, including capital expenditures and personnel costs.
Audit and Examination Liaison: Serve as the primary liaison for all financial audits and regulatory examinations, ensuring compliance and fostering confidence among stakeholders.
Board and Supervisory Committee Reporting: Deliver transparent and comprehensive financial reporting to the Board of Directors and Supervisory Committee, enabling informed decision-making.

Risk Management Oversight
Enterprise Risk Management (ERM): Lead the management and continuous development of the Credit Union’s ERM program to ensure a comprehensive and proactive approach to risk management.
Risk Analysis and Mitigation: Ensure effective risk analysis, mitigation strategies, and reporting to address current and emerging risks.
Risk Mapping and Prioritization: Partner with Internal Audit to oversee the development of effective risk mapping, prioritization, and mitigation plans.
Business Continuity Planning: Manage the formulation and ongoing maintenance of business impact analyses, compliance initiatives, disaster recovery plans, and related testing procedures.
Audit and Examination Compliance: Ensure the Credit Union engages in all required audits and examinations, adhering to regulatory standards and fostering a culture of compliance.
Proactive Risk Management: Champion a forward-looking approach to risk management, aligning with the Credit Union’s strategic goals and safeguarding its assets and reputation.

Executive Leadership
Professional Representation: Uphold and enhance the professional image of the Credit Union and executive team by consistently contributing generative thought, leadership, and strategic insights.
Team Development: Coach and develop direct reports to achieve excellence in their roles, fostering continual growth in their skill sets and organizational contributions.
Future Skills Planning: Anticipate and forecast future skills and competencies needed within areas of oversight, ensuring the team remains agile and prepared for evolving organizational needs.
Leadership Evolution: Actively contribute to the ongoing evolution of executive performance, promoting innovation, collaboration, and alignment with the Credit Union’s mission and vision.

Other Duties
Supports the credit union with other duties as assigned.

Education, Knowledge, and Experience
Education and Experience: A Bachelor’s Degree in Accounting, Finance, Business, or a related field is required. Professional accounting designation (CA, CMA, or CPA) is preferred. 10+ years’ experience in a financially sound institution (credit union or banking industry experience is preferred—five years of experience at the executive or senior management level.

EMPLOYMENT AT ACFCU
Champion of Diversity: As an ACFCU employee, you must treat all individuals fairly and respectfully. You will work effectively with others regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, or state as an individual with a disability. Embrace diversity; be open to different viewpoints.
Reasonable Accommodation: Our People & Culture team will evaluate reasonable accommodations that enable individuals with disabilities to perform the job's essential functions.
Security Requirements: This position requires appropriate background checks, such as employment verification, credit checks, and criminal checks, to ensure suitability for employment. This position also requires that you be bondable.

ABOUT DDJ MYERS, an ALM FIRST Company
DDJ Myers is the executive search consultant for this organization. Our expertise is in supporting leadership teams in sustainable practices for high-performing organizations through succession planning, leadership development programs, executive coaching, board governance and renewal, and executive search. Please learn more about us at www.ddjmyers.com.