SUMMARY
A department head and member of senior management, the Chief Financial Officer (CFO) oversees the Bank’s financial management, accounting, and financial reporting functions. Broadly defined, this position is responsible for asset liability management, accounting, tax returns, financial analysis and reporting, regulatory reporting, and overseeing the Bank’s investments and accounts.
POSITION RESPONSIBILITIES
• Assists the President in developing policies relating to asset liability management (ALM), interest rate risk management (IRR), accounting, and investing the Bank’s funds.
• Chairs the Bank’s Asset Liability Committee (ALCO) and prepares ALCO meeting packages.
• Takes a lead role in analyzing and choosing strategic alternatives by providing financial analysis/projections, planning, budgeting, and ongoing tracking of results compared to plans.
• Supports the Bank’s asset liability management and interest rate risk management by implementing appropriate ALM/IRR modeling.
• Plans and manages the Bank’s liquidity.
• Keeps the Board and management informed of the Bank’s financial position and performance through periodic financial reporting.
• Implements the Board’s and ALCO’s investment directives by managing all aspects of the Bank’s investment portfolio.
• Oversees all aspects of the Bank’s accounting, financial reporting, and tax matters, primarily by managing the Controller and accounting staff.
• Acts as the Bank’s liaison with its regulators on financial and accounting matters.
• Acts as the management’s primary liaison with the Audit Committee of the Board of Directors.
• Determines and implements the appropriate departmental systems, procedures, and internal controls.
• Ensures timely resolution of audit and examination findings.
• Researches, recommends, and implements department solutions including systems and vendors.
• Assists in the Bank’s periodic allowance for loan loss analysis by providing relevant data.
• Supervises and develops department staff, implements HR policy and procedure within the department, conducts performance evaluations, establishes objectives, and monitors staff performance.
• Ensures the accounting staff provides the best customer satisfaction for internal customers.
• Ensures the department’s compliance with applicable laws and regulations.
• Coordinates the department’s efforts to satisfy audits and examinations and ensures the necessary corrective actions are taken in response to findings.
• Promotes teamwork and open communication within the department and bank as a whole. Leads by example.
• Completes all internal training assignments in a timely manner.
• Participates in community service opportunities.
• Completes the Bank’s Leadership Academy.
• Portrays an overall professional behavior whenever conducting bank business.
QUALIFICATIONS
•Bachelor’s Degree in a business curriculum.
•Bachelor’s Degree in business curriculum required, accounting or finance degree preferred.
•Certified Public Accountant or Certified Management Accountant designation desirable.
•Extensive accounting and financial management experience in a financial institution or similar environment.
•5 years of employee supervision experience.
KNOWLEDGE/SKILLS/ABILITIES REQUIRED
• Knowledge and experience with operating a computer, calculator, and other general office equipment.
• Extensive knowledge and experience in accounting systems, general ledgers, spreadsheets and related systems and equipment.
• High attention to detail and accuracy.
• Excellent social and communication skills:
o Use of professional and clear verbal communication skills.
o High quality writing skills, using accurate word usage, grammar, spelling, and punctuation in all written correspondence.
o Use of professional phone etiquette, including tone and volume of voice.
• Ability to multi-task, work in a fast paced, changing environment and maintain a commitment to accuracy and timeliness.
• Ability to follow policies, procedures and written instructions, as well as verbal instructions or directions from his/her supervisor.
• Ability to maintain confidentiality.
• Self-motivated.
• Ability to solve problems using creative, innovative solutions.
• Ability to motivate, mentor and develop employees to their best performance.
• Commitment to work towards the Bank’s goals set forth by its Board of Directors.
