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Steve Ricco
CFO PEMCO Insurance Company
Professional Background
Steve Ricco is an accomplished financial executive with extensive experience in the banking and credit union sectors. With a strong foundation in accounting, he has held pivotal leadership roles that have shaped his career and contributed to the financial health of the organizations he has served. As the Chief Financial Officer (CFO) at PEMCO, he is responsible for overseeing all financial activities and ensuring compliance with regulatory standards, which are critical for maintaining the trust of stakeholders and the public.
Prior to his current role at PEMCO, Steve demonstrated his financial expertise as the Chief Financial Officer at the School Employees Credit Union of Washington. In this position, he played a key role in driving the organization’s financial strategy, enhancing operational efficiencies, and supporting the institution's mission of providing excellent service to its members. His leadership contributed significantly to the credit union's growth and stability in a competitive financial landscape.
Before advancing to these leadership roles, Steve served as the Assistant Controller at Group Health Credit Union. During his time there, he honed his skills in financial reporting, budgeting, and strategic planning, which laid a strong groundwork for his future successes in finance and executive management. Steve’s journey through various levels of financial oversight has equipped him with a comprehensive understanding of the financial sector, enabling him to make informed decisions that align with organizational objectives.
Education and Achievements
Steve earned his Bachelor of Arts degree in Accounting from Central Washington University, where he laid the groundwork for his future career in finance. His academic background provided him with the necessary technical abilities and analytical thinking skills that are essential for success in the financial industry. Throughout his education, he developed a keen interest in finance and accounting practices, which has driven his professional growth and desire for excellence in his roles.
His professional journey is marked by a series of achievements that highlight his exceptional capabilities in finance. At PEMCO, he implemented several financial strategies that not only optimized operational efficiencies but also contributed to the overall profitability of the organization. He has been pivotal in leading financial teams, fostering a culture of collaboration, and ensuring that the financial operations are aligned with the broader goals of the organization.
Through his career, Steve has also prioritized the development of young finance professionals, mentoring and guiding the next generation of leaders in the accounting and finance sectors. His commitment to professional development reflects his belief in the importance of nurturing talent and enhancing the capabilities of teams.
Key Achievements
- Leadership at PEMCO: As CFO, Steve has led significant financial initiatives that have improved the organization’s fiscal health and operational efficiency.
- Strategic Growth at School Employees Credit Union: His contributions to financial strategy at the School Employees Credit Union were instrumental in enhancing member services and expanding the credit union's reach.
- Contributions to Group Health Credit Union: As Assistant Controller, he implemented key financial practices that improved reporting accuracy and facilitated strategic financial planning.
- Mentorship and Development: Steve's dedication to mentoring emerging finance professionals showcases his commitment to fostering a culture of continuous learning and excellence in the field.
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