Chief Financial Officer (CFO) March 26, 2020

March 26, 2020, Legacy Ag Credit, Sulphur Springs, TX

Company Profile

Legacy Ag Credit, ACA is a full-service, locally owned cooperative lender specializing in financing rural land and agricultural operations in Northeast Texas. We are headquartered in Sulphur Springs and have five offices conveniently located across the northeastern region of Texas in Sulphur Springs, Canton, Gilmer, Kaufman and Longview. Part of the Farm Credit System, we provide financing for farms, timberland, recreational property, agribusinesses and rural homes.

Education and Experience Requirements

Bachelor's degree in Finance, Accounting, Business, or a related field and ten (10) or more years of experience in finance, accounting, budget, cash management, credit, insurance, tax, and treasury operations including three (3) years or more of supervisory or management experience. Master's degree in business administration, finance, or accounting preferred. CPA certification preferred.

Job Purpose and Scope

Develops and implements financial objectives, strategies, and policies that enhance profitability and moderate risk. Prepares, presents, and interprets financial reports for the Chief Executive Officer (CEO), Association Directors, and governmental agencies. Has broad responsibility for the organization's fiscal operating results. Has considerable un-reviewed latitude for decision making in the planning and accomplishment of association goals.

Essential Functions

  • Develops sound, progressive, and effective association program in the areas of funding, investments, cash management, forecasting, budgeting, and similar activities of the association within guidelines established by Farm Credit Association (FCA) and the association's Board of Directors.
  • Oversees planning activities, including establishment of performance standards and monitoring departmental performance.
  • Develops and executes the annual operating budget, capital budget, capital plan, and interest rate policy.
  • Provides financial and operational analysis to support managerial decision-making processes.
  • Develops, implements, and monitors loan product pricing programs designed to meet earnings requirements, adequately compensate for risk, and are competitive in the marketplace.
  • Analyzes and recommends appropriate levels of capital for the Association and makes recommendations for uses of excess capital for consideration by executive staff and the board.
  • Oversees staffing, including selection, performance evaluations, and training and development.
  • Develops, analyzes, and recommends new or improved policies and procedures that contribute to the successful operation and financial soundness of the Association.
  • Operates sound, progressive, and effective association programs in the area of loan accounting within guidelines established by the FCA, the Association's board and within the bounds of sound business practices.
  • Responsible for departments budget. Commits expenditure of funds within delegated approval authority limits.

Other Job Duties

  • Serves as chairperson of the Asset/Liability Committee and coordinates the association's asset/liability management programs to facilitate the assessment and control of interest rate risk an ensures compliance with association financial objectives.
  • Oversees the allowance for loan loss calculation and adjustments.
  • Keeps the Association's senior management team and Board of Directors informed on significant items affecting the Association's financial operations.
  • Communicates association board policy and management philosophy on fiscal related items to association staff affecting the Association's financial operations.
  • Serves as a member of system-wide work groups or committees as appropriate.

Skill Requirements

General knowledge of accounting/financial systems. Specialized knowledge of accounting/financial principles. Skill in oral and written communication. Intermediate to advanced skill level in Microsoft Office applications. Ability to perform advanced accounting/financial analyses under limited supervision.

Working Relationships

Frequent interactions with association departmental staff and management. Occasional interaction with Farm Credit Bank of Texas staff and FCA. Occasional interaction with area professionals who deal with the association in the normal course of business.

Physical Demands

This job operates in a professional office environment. This is a largely sedentary role. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk hear. The employee frequently is required to stand, walk, use hands and/or fingers to handle or feel, and reach with hands and arms.

Policy and Compliance

Compliance with Farm Credit Bank of Texas and Association technology and security standards is required.

To Apply

If you’re interested in joining the Legacy Ag Credit team and meet the minimum requirements for this position, please send your resume to:

Legacy Ag Credit, ACA
ATTN: Sherry Sturgis, Senior Vice President/Chief Administrative Officer
303 Connally
Sulphur Springs, TX 75482
Sherry.Sturgis@legacyaca.com
AA/EOE/M/F/D/V

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