Cornerstone Community Financial Credit Union · 17 hours ago
Chief Financial Officer
Auburn Hills, MI
Full-time
Hybrid
Lead/Staff, Director/Executive
5+ years expCornerstone Community Financial Credit Union is seeking a Chief Financial Officer (CFO) to lead its financial operations and strategy. The CFO will oversee budgeting, accounting, and risk management while promoting organizational growth and ensuring compliance with financial regulations.
AccountingCreditFinancial ServicesLending
Responsibilities
Partners with the CEO and organizational leadership to identify and address financial strategies and opportunities for growth while maintaining discipline in cost management, financial management, near and long-term forecasting and strategic planning, and reporting. Provide critical and strategic financial insight to the leadership team through analysis and study of general economic, business, and financial conditions and their impact on the organization including long-range forecasting for the organization
Analyzes organizational financial and operational statistics and make recommendations to obtain optimum efficiency, appropriate resource allocation, expense reduction, and growth opportunities for the credit union
Oversees, analyzes, and directs the finance and accounting operations of the organization, including budgeting, auditing, accounting, purchasing, and insurance activities. Directs the preparation and evaluation of budgets and capital plans, as well as analyzing department budgets and allocating operating budgets
Directs and provides oversight over the preparation of financial reports, including income statements, balance sheets, and reports for regulatory agencies and the Board of Directors
Directs the credit union's investment activities as custodian of funds, securities, and assets of the organization. Promotes the credit union in financial markets to assure sources of capital
Leads accounting team members to maximize productivity, efficiency, and effectiveness of the department. This includes hiring, directing job assignments, monitoring staff performance, coaching, development, training, assuring compliance with regulatory requirements and CCF's Mission, Vision, Goals, and Service Promises. Appraises performance and provide recommendations for staff compensation, promotion, development, and termination, as appropriate
Analyzes CCF's financial position and issues monthly, quarterly, and yearly reports on the organization's financial stability, liquidity, and growth. Completes and submits regulatory reporting, including the call report, in a timely manner on behalf of the CU. Analyzes, consolidates, and directs all cost accounting procedures together with other statistical and routine reports
Establish and maintain appropriate internal control safeguards through the formulation and execution of CCF's ALM, Concentrated Risk, Interest Rate Risk, Liquidity, and Investment Management and practices and policies, ensuring annual review with the Board of Directors. Develops and enforces financial policies to ensure sound decision-making and proper compliance and accounting for all assets and securities. Analyzes and monitors CCF's adherence financial policies, oversees ALM preparation and chairs the ALM Committee
Oversees reporting to regulatory authorities and collaborates with auditors on year end and comprehensive audits. Ensure compliance with financial regulations and internal policies
Must comply with applicable laws and regulations, including but not limited to generally accepted accounting principles, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control, in addition to all company policies
Qualification
Required
Five to ten years of similar or related experience, including time spent in preparatory positions
A postgraduate degree (similar to a CPA, or MBA)
Proficient in generally accepted accounting principles and all State and Federal regulations, including those affecting the company's finance function
Experience in budget forecasting and regulatory reporting required
Proficient in the Microsoft suite of products including Word, Excel, Outlook, and PowerPoint
Experience in investment strategies and management of liquidity and investment portfolios
4-6 years management experience in a related field or financial institution
Ability to analyze data and make recommendations with acute attention to detail
Demonstrated ability to lead, manage, and motivate employees to action through performance management, training, coaching, recognition and development
Ability to work effectively in a team setting
Ability to meet or exceed deadlines
Preferred
Experience with not-for-profit work or a mission-based organization preferred
Benefits
Competitive Base Compensation: Competitive salary with eligibility for performance-based incentives.
Paid Time Off: PTO available to support work-life balance, in addition to 13 paid company holidays per year.
Wellness & Volunteer Time: Additional time off to support employee wellness and community involvement.
Health Insurance Coverage: Multiple low-deductible medical plan options, as well as dental and vision coverage.
Employer-Paid Coverage: Company-paid life insurance and short- and long-term disability coverage.
Flexible Spending Accounts (FSA): Options for both medical and dependent care FSAs.
Education Assistance: Tuition reimbursement and student loan repayment support to help advance your education and career.
Retirement Benefits: 401(k) plan with up to 4% company match, plus an additional 4% profit-sharing contribution.
Employee Assistance Program (EAP): Confidential support services for personal and professional challenges
Company
Cornerstone Community Financial Credit Union
Cornerstone Community Financial Credit Union is a progressive, full-service financial institution owned and operated by its members.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Heidi Kassab
President/CEO
Rob Stier
Chief Financial Officer
Recent News
2025-08-27
American Banker
2022-05-05
2021-12-28
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