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Financial Operations Jobs in Michigan (NOW HIRING)

Michigan Educational Credit Union

CFO

Plymouth, MI · On-site

Oversee the overall financial operations and accounting functions of the Credit Union. * Direct and support the Director of Finance/Controller to ensure efficient and accurate accounting department ...

Michedcu

CFO

Plymouth, MI · On-site

$180 - $260/hr

Oversee the overall financial operations and accounting functions of the Credit Union. * Direct and support the Director of Finance/Controller to ensure efficient and accurate accounting department ...

Oaklandchn

Chief Financial Officer (Troy)

Troy, MI · On-site

The CFO provides executive leadership for all financial operations with a focus on ensuring the long-term fiscal health and sustainability of OCHN and its contracted provider network. Responsible for ...

Socket.dev

Chief Financial Officer (Troy)

Troy, MI · On-site

The CFO provides executive leadership for all financial operations with a focus on ensuring the long-term fiscal health and sustainability of OCHN and its contracted provider network. Responsible for ...

Michedcu

CFO (Plymouth)

Plymouth, MI · On-site

Oversee the overall financial operations and accounting functions of the Credit Union. * Direct and support the Director of Finance/Controller to ensure efficient and accurate accounting department ...

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All JobsFinancial Operations JobsFinancial Operations Jobs in Michigan

Financial Operations information

See Michigan salary details

$30.9K

$101K

$121.2K

How much do financial operations jobs pay per year?

As of Sep 6, 2026, the average yearly pay for financial operations in Michigan is $100,982.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,100.00 and $120,300.00 per year, depending on experience, location, and employer.

What is financial operations?

Financial operations refer to the processes and activities involved in managing a company's financial resources, including tasks such as budgeting, accounting, financial reporting, cash flow management, and compliance. Professionals in financial operations ensure that all financial transactions are accurately recorded and that the organization adheres to financial regulations and policies. Their work helps businesses maintain financial health, make informed decisions, and achieve their strategic goals. Financial operations roles can exist in various industries and often collaborate closely with other departments such as finance, accounting, and management.

What are the key skills and qualifications needed to thrive in financial operations, and why are they important?

To thrive in Financial Operations, you need strong analytical skills, attention to detail, and a solid understanding of accounting principles, usually supported by a degree in finance, accounting, or a related field. Familiarity with enterprise resource planning (ERP) systems, financial reporting tools, and certifications like CPA or CFA are often required. Effective communication, problem-solving abilities, and organizational skills help professionals excel in cross-functional teams and manage complex transactions. These skills and qualifications are vital for ensuring accurate financial management, compliance, and efficient business operations.

What are some common challenges faced in a financial operations role, and how can they be addressed?

One common challenge in Financial Operations is managing tight deadlines while ensuring accuracy in financial reporting and transaction processing. Team members often handle large volumes of data and must reconcile discrepancies quickly to support organizational decision-making. Effective communication with cross-functional teams, such as accounting and compliance, is crucial to resolving issues promptly. Utilizing automation tools and maintaining strong attention to detail help mitigate errors and streamline workflow, making it easier to meet demanding timelines.

What is the difference between Financial Operations vs Financial Analyst?

AspectFinancial OperationsFinancial Analyst
Primary FocusManaging financial processes, transactions, and reporting systemsAnalyzing financial data, trends, and investment opportunities
Required SkillsAccounting, financial systems, complianceFinancial modeling, data analysis, forecasting
Work EnvironmentFinance departments, accounting teamsInvestment firms, corporate finance, consulting
CertificationsCPA, CFA (optional), CPA preferredCFA, CPA, or related certifications often preferred

Financial Operations primarily handles the day-to-day financial processes and reporting within an organization, ensuring accuracy and compliance. In contrast, a Financial Analyst focuses on analyzing financial data to support decision-making and strategic planning. Both roles require strong financial knowledge and certifications like CPA or CFA, but their core responsibilities and work environments differ significantly.

What do you do in financial operations?

Financial operations professionals manage and oversee financial processes such as accounts payable and receivable, budgeting, financial reporting, and compliance. They often use financial software and require strong analytical skills to ensure accurate and efficient financial management within an organization.

What are the most commonly searched types of Financial Operations jobs in Michigan?

The most popular types of Financial Operations jobs in Michigan are:

What are popular job titles related to Financial Operations jobs in Michigan?

For Financial Operations jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Financial Operations jobs in Michigan look for?

The top searched job categories for Financial Operations jobs in Michigan are:

What cities in Michigan are hiring for Financial Operations jobs?

Cities in Michigan with the most Financial Operations job openings:

Financial Operations jobs near you
Infographic showing various Financial Operations job openings in Michigan as of August 2026, with employment types broken down into 1% As Needed, 78% Full Time, 13% Part Time, 3% Temporary, 3% Contract, and 2% Nights. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $100,982 per year, or $48.5 per hour.

CFO

Michigan Educational Credit Union

Plymouth, MI • On-site

Full-time

Posted 22 days ago

Job description

Chief Financial Officer (CFO)
Position Summary
The Chief Financial Officer (CFO) is responsible for the strategic oversight and management of the Credit Union's financial operations, including financial reporting, asset/liability management, investments, budgeting, regulatory compliance, liquidity management, and accounting functions. The CFO serves as a key member of the management team, providing financial analysis and guidance to executive leadership, the Asset Liability Management (ALM) Committee, and the Board of Directors.
Essential Duties and Responsibilities
Financial Reporting & Accounting Oversight
  • Oversee the overall financial operations and accounting functions of the Credit Union.
  • Direct and support the Director of Finance/Controller to ensure efficient and accurate accounting department operations.
  • Review monthly financial statements and management reports for accuracy and completeness.
  • Present and analyze the Credit Union's financial condition at ALM Committee and Board of Directors meetings.
  • Monitor accrual accounts to ensure liabilities and expenses are properly recognized and funded.
  • Review vendor invoices and ensure appropriate general ledger coding, expense classification, and authorization.
  • Oversee the accounting treatment of prepaid expenses and fixed assets, including capitalization, amortization schedules, and ongoing monitoring.

Budgeting & Financial Planning
  • Collaborate with executive management to develop the annual operating and capital budgets.
  • Monitor budget performance and analyze variances from plan.
  • Prepare and present significant budget variance reports and recommendations to management and the Board of Directors.

Asset Liability Management (ALM)
  • Manage the Credit Union's Asset Liability Management (ALM) program.
  • Run the ALM model monthly and prepare analytical reports for management, the ALM Committee, and the Board of Directors.
  • Facilitate quarterly ALM review meetings with third-party providers and the ALM Committee to evaluate financial performance, review assumptions, and assess future financial scenarios.
  • Prepare and maintain monthly cash flow overrides and related ALM model updates.
  • Coordinate independent ALM model validations with third-party vendors every two to three years.

Investments & Liquidity Management
  • Manage the Credit Union's investment portfolio to maintain appropriate liquidity and optimize returns within approved policies.
  • Evaluate and purchase investments to support a structured maturity ladder and long-term liquidity needs.
  • Monitor investment market values, credit ratings, and associated risks.
  • Conduct annual due diligence reviews of investment brokers and representatives.
  • Monitor liquidity levels, including balances maintained with Alloya and other financial partners.
  • Recommend and execute liquidity management strategies, including potential investment sales when necessary.
  • Perform quarterly testing of Federal Reserve Discount Window and FHLB borrowing capabilities to ensure operational readiness.
  • Prepare monthly Line of Credit Utilization reports.

Loan Portfolio & CECL Management
  • Calculate and maintain the Allowance for Credit Losses (CECL) to ensure appropriate reserve levels.
  • Review loan portfolio performance and prepare monthly reports related to loan participations, yields, and portfolio returns.
  • Establish loan prepaid periods for each loan product to determine loan average life spans.
  • Prepare Home Equity and Mortgage Delinquency reports for management review and reserve analysis.
  • Fund mortgage loan advances through established credit facilities and prepare related amortization schedules.

Regulatory Compliance & External Relations
  • Serve as the primary liaison with external auditors, internal auditors, NCUA examiners, state regulators, compliance and FHLB professionals.
  • Review and file quarterly NCUA Call Reports, ensuring accuracy and timely submission.
  • Coordinate with external CPA firms regarding annual tax filings, including IRS Form 990.
  • Prepare and file annual personal property tax statements for municipalities within the Credit Union's service area.
  • Review fidelity bond and insurance coverage annually to ensure adequate protection of Credit Union assets.
  • Ensure the Credit Union's Annual Report includes required condensed financial statements prepared by independent auditors.

Governance & Strategic Leadership
  • Participate as a member of the Information Technology Steering Committee, providing financial insight and strategic recommendations regarding technology investments and initiatives.
  • Prepare and distribute financial and operational reports for management, committees, and the Board of Directors, including:
    • ACH and Web Loans Reports
    • Loan Portfolio Return Reports
    • Liquidity and credit line utilization reports
    • ALM and investment performance reports

Qualifications/Preferred Experience
  • Bachelor's degree in Accounting, Finance, Business Administration, or a related field required.
  • Master's degree in Business Administration (MBA), Finance, or Accounting preferred.
  • Minimum of 10 years of progressive experience in accounting, finance, treasury management, or financial leadership roles, with at least 5 years in a senior management position.
  • Prior experience in a credit union, banking, or other regulated financial institution environment strongly preferred.
  • Demonstrated experience with Asset Liability Management (ALM), liquidity management, investment portfolio management, and balance sheet strategy.
  • Extensive knowledge of NCUA regulations, Call Report preparation, and regulatory examination processes.
  • Experience developing and managing annual operating and capital budgets.
  • Proven experience with Current Expected Credit Loss (CECL) methodology, allowance calculations, and loan loss reserve management.
  • Experience working directly with Boards of Directors, ALM Committees, executive leadership teams, external auditors, and regulatory agencies.
  • Strong understanding of Generally Accepted Accounting Principles (GAAP) and financial statement preparation.
  • Experience managing third-party vendor relationships, including ALM providers, investment brokers, auditors, and technology partners.
  • Demonstrated ability to analyze financial trends, assess risk, and develop strategic recommendations that support organizational growth and financial stability.
  • Experience leading and developing accounting and finance teams with a focus on operational excellence and employee development.
  • Proficiency with credit union core processing systems, financial reporting tools, ALM software, and Microsoft Office applications, particularly advanced Microsoft Excel.

Systems and Software Proficiency
  • Microsoft Excel, Word, and PowerPoint, MS Teams
  • Fiserv Prologue
  • Fiserv DNA
  • Alloya Premier View
  • Stifel ShareFile
  • Kinective Omnilytics / NXTsoft CECL Solutions
  • Plansmith Compass (ALM & CECL)
  • Diligent Board Books
  • Callahan Peer-to-Peer Analytics
  • FHLB Member Link Portal

This position requires a high level of financial expertise, strategic insight, regulatory knowledge, and leadership to ensure the Credit Union's long-term financial strength, compliance, and operational success.

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