Chief Financial Officer

At over $2.2 billion in assets located in Montgomery, AL, MAX Credit Union is one of the most stable and reputable credit unions in the industry. Established in 1955 for the airman of Maxwell Air Force Base, MAX currently has 16 branches serving the River Region and has consistently been named one of the “Best Places to Work” in Alabama for well over a decade.   With core values to include Hospitality, Integrity and Simplicity, the credit union uses their competitive advantage to Find A Way for solutions to provide personal service, be a reliable partner of financial advice, and offer competitive products.  At MAX we believe what we do matters.  We are passionate about our work and inspired by the impact it has on our business and our members.

The Credit Union is looking for a forward-thinking, results focused, and collaborative financial leader to join their team as their next Chief Financial Officer.  Reporting to the CEO, this role will oversee the activities of the Accounting/Finance Department and is responsible for providing a sound and progressive financial plan for the Credit Union.  Primary responsibilities include investments, asset/liability management, and financial reporting to the Board of Directors, management, auditors and members.

Essential Functions & Responsibilities:

Oversees all financial management functions of the credit union including accounting systems, accounts payable, budgeting and forecasting, risk analytics and related reporting.

Strategic partner to the CEO, Executive Management Team and the Board of Directors for the development and implementation of strategic business plans and goals; strives for continuous improvement with the development and application of new processes, services and technologies for better productivity and member service. Coordinates monthly updates to supporting metrics for the effective execution of related strategic commitments.

Directs analytics for strategic financial planning and forecasting processes of the Credit Union and any CUSO organizations; leads the development of divisional operating and capital budgets; presents annual budget recommendations to the Board’s Budget Committee and oversees implementation of the approved budget; analyzes budget variances and profitability trends and recommends financial corrective actions.

Supervises direct reports and establishes performance requirements, business targets and personal development plans for staff; monitors and evaluates their performance; provides coaching and development opportunities and finds ways to recognize performance; addresses performance deficiencies and takes disciplinary action if warranted, in accordance with Credit Union policies and procedures.

Oversees the Credit Union’s management of its liquidity and investment decisions, considering total return concepts, regulatory requirements, market conditions and future lending needs.

Serves as Chair of the Asset Liability and Management Committee (ALCO) and partners with external consultants for technical expert guidance and related financial analysis reports meeting regulatory requirements and compliance with the Credit Union’s Assets Liability Management policies.

Serves as Chair of the Current Estimated Credit Losses (CECL) Committee and provides oversight of underlying systems to comply with related GAAP requirements.

Maintains current knowledge of and ensures compliance with regulatory reporting requirements and internal policies and procedures

Oversees the maintenance of adequate bond insurance in accordance.

Ensures the credit union’s accounting records are in compliance with Generally Accepted Accounting Principles (GAAP).

Partners with Internal Audit as a liaison to the CPA firm during the financial statements audit, keeping the CEO informed throughout the process.

Presents interest rate recommendations supported by analysis to the CEO.

Participates in the Fees and Limits Committee for the periodic review of member fees and risks related to the processing of member transactions; coordinates periodic analyses employing customer and product profitability assumptions.

Completes annual updates to the Credit Union’s capital adequacy plans, including any financial contingency plans that may be required for regulatory compliance.

Promotes the Credit Union by volunteering in community and special events.

Upholds core values and develops teamwork and collaborative relationship within the organization.

Knowledge and Skills:

The successful candidate will be a visionary, emotionally intelligent with a strong desire for continuous improvement, and have an understanding and belief of the credit union’s cooperative purpose.  They will also possess strong leadership and interpersonal abilities; solid organizational, analytical, and tactical skills with the ability to coordinate, manage, and direct others effectively.  10+ years of progressive finance and accounting experience in a financial institution and a bachelor’s degree required.  MBA and/or additional certifications (e.g., CPA) preferred.


To apply submit your resume here.