Chief Financial Officer
Edmond, OK
Full Time
Executive
Executive
Oklahoma AgCredit provides loans, leases and financial services to farmers, ranchers and rural businesses and homeowners in 60 of 77 counties in Oklahoma.
We are part of the Farm Credit System that supports rural communities and agriculture with reliable and consistent credit. Oklahoma AgCredit offers a competitive compensation and benefits package, including:
We are part of the Farm Credit System that supports rural communities and agriculture with reliable and consistent credit. Oklahoma AgCredit offers a competitive compensation and benefits package, including:
- 401(k) Match 9% Maximum
- Paid Vacation (15 days), Sick Leave (15 days) and Holidays (12 days)
- Medical, Dental, Vision, Life Insurance
- Flexible Spending and Health Savings Accounts
- Varied On and Off-the Job Learning Opportunities
- Customer-Centric Environment
- Opportunity to Give Back to Agriculture
Summary: The Chief Financial Officer leads the Association’s financial activities, including financial reporting, budgeting, and forecasting, capital management, accounting operations, tax management, asset/liability management and internal controls over financial reporting. Presents and interprets financial results to management and the Board. Ensures compliance with regulatory financial reporting requirements, internal controls over financial reporting (ICFR), and safeguards the assets of the Association. Assumes leadership and management responsibilities for finance, accounting, and ICFR teams. Serves as a member of the Executive Management Team and as chair of the Association Asset/Liability Committee (ALCO).
Position Responsibilities:
Strategic Leadership
Audit, Internal Control, and Data Governance
Minimum Qualifications:
Position Responsibilities:
Strategic Leadership
- Serves as a member of the Association’s Executive Committee and Management Team by participating in the development of long-term and short-term strategies, personnel decisions, and financial decisions.
- Represents the Association on System workgroups and at System meetings.
- Attends and participates in Board of Director meetings and co-facilitates the Board’s Audit Committee meetings.
- Contributes to the compilation of the Association’s annual business plan.
- Selects, develops, and leads the accounting and finance teams.
- Identifies training needs and provides necessary training at Association meetings.
- Assesses talent and determines the division of responsibilities and how teams should be organized.
- Establishes performance standards and measures performance against standards.
- Ensures that accounting operations are reliable and effective by directing, advising, and supporting the SVP-Corporate Accounting, who leads the accounting team in providing timely and accurate information.
- Reviews and approves more complex or sensitive reconciliations, such as those concerning fixed assets or payroll and benefits.
- Reviews and approves significant accounting estimates, including the Association’s allowance and relation provision for credit losses.
- Manages the development, preparation, and distribution of financial reports in compliance with generally accepted accounting principles, regulations and organizational policies and procedures including:
- Shareholders’ reports
- FCA call reports.
- Funding bank reporting including GFA, variance report and borrowing base reports.
- Directs the resolution of technical accounting issues.
- Directs Association interactions with third-party IT service provider(s) to monitor service levels requirements and to support collaborative initiatives.
- Directs the preparation of Association budgets, financial forecasts, and ad hoc scenario modeling.
- Presents budget and forecast variance reports to management and governance.
- Participates in recommendations on interest rates, spreads, and equity positioning.
- Analyzes KPI’s and financial statement trend/variances.
- Oversees the measurement and reporting of profitability and cost allocations at the Association, business unit, portfolio, and transactional levels.
- Identifies problems and proposes solutions related to the financial condition and performance of the Association.
- Monitors the Association’s solvency to ensure capital meets regulatory requirements and is sufficient to achieve the Association’s strategic objectives.
- Recommends patronage distribution amount to the Board, based on alternative scenarios.
- Directs the patronage preparation, reconciliation, and distribution process.
Audit, Internal Control, and Data Governance
- Designs, implements, and maintains effective internal controls over financial reporting including key reports and spreadsheets for the Association.
- Serves as Executive sponsor for ICFR and IOR audits with third party internal audit service provider who performs key internal control testing, ICFR reporting, periodic updates to Audit Committee and other contracted services.
- Directs the conduct of internal and external audits, ensuring that requests are fulfilled in a timely and effective manner by the Manager Internal Controls and VP Controller
- Prepares and/or reviews System and GFA reports, ensuring submissions are complete and accurate.
- Reviews reports of internal audit results and directs remediation efforts.
- Serves as data owner of the Finance domain by identifying and resolving significant data issues as they arise.
Minimum Qualifications:
- Bachelor’s degree in accounting, business, or a related field. Advanced degree preferred.
- Ten years of experience in accounting, auditing, or finance
- Three years of supervisory experience
- Or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
- CPA required.
- Expert knowledge of internal controls over financial reporting and IT general controls
- Expert knowledge in interpreting and applying GAAP (Generally Accepted Accounting Principles)
- Expert knowledge of budgeting processes and financial projections
- Expert knowledge of accounting and reporting software functionality and implementation best practices
- Working knowledge in economics and interest rates
- Skill in selecting, managing, coaching, and motivating employees.
- Skill in utilizing various software applications to increase efficiency and/or effectiveness.
- Skill in analyzing financial information to formulate logical and objective conclusions.
- Oral and written communication skills sufficient to discuss a variety of job-related topics, and to effectively communicate complex topics to a variety of audiences.
Important note: We care about your hiring process and take it seriously. A real person will review your application, meaning response timelines may vary. The interviewing process at Oklahoma AgCredit may include emails, texts, phone calls, and on-site interviews. We cannot personally follow-up with each applicant, and we will do our best to create a professional, respectful, and thorough process for candidates with whom we identify as a potential fit.
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