Chief Financial Officer (CFO)

Description

The CFO Directs the organization's financial planning and accounting practices as well as its relationship with lending institutions, shareholders, and the financial community. Provides leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the bank. Develops and maintains tools and systems to provide critical financial and operational information to the CEO. 

Benefits include: Medical, Dental, Vision, Life Insurance, 401K, 6% Match, 3% Safe Harbor Contribution, Profit Sharing, 5 weeks of Vacation and ability to work an average of 2 days per week remote.

Summary: Directs the organization's financial planning and accounting practices as well as its relationship with lending institutions, shareholders, and the financial community. Provides leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the bank. Develops and maintains tools and systems to provide critical financial and operational information to the Board and CEO. 

Essential Duties and Responsibilities includes but is not limited to the following:

· Oversees and directs the accounting function of the Bank to include; financial reporting, investments, cash management, borrowings, fixed assets, and accounts payable.  

· Manages the insurance relationships and policy coverage for the Bank.

· Manages and directs procedures and computer applications necessary to maintain proper records and to afford adequate accounting controls and services.

· As the investment officer prepares pre-purchase analyses, monitors cash flow, approves security purchases/sales and serves as Chairman of the Asset Liability Committee (ALCO) reporting and meetings. 

· Works with the Bank’s investment advisor in the management of investment activities. A strong investment background is preferred.

· Coordinates the preparation of the quarterly ALM and interest rate risk reporting.

· Appraises the organization's financial position and issues periodic reports on organization's financial stability, liquidity, and growth. Including the Call report, board reporting, UBPR report and regulatory filings.

· Reviews and monitors the general ledger daily.

· Directs, coordinates and prepares the annual budget and long-range forecasting.

· Coordinates tax preparation, reporting and payments for Federal, State, and Local taxes.

· Analyzes, consolidates, and directs all cost accounting procedures and branch profitability reporting.

· Oversees and directs the preparation and issuance of the corporation's annual and mid-year consolidated reports.

· Prepares documentation for the stock appraisal and dividend calculations.

· Directs and analyzes studies of general economic, business, and financial conditions and their impact on the organization's policies and operations.

· Collaborates with Loan Administration in determining the allowance for credit losses.

· Evaluates and recommends business partnering opportunities and vendors.

· Serves as liaison between bank and audit firms, audit committee and regulatory agencies.

· Establishes and maintains contacts with financial institutions, investment firms, and accounting firms.

Supervisory Responsibilities:   

Manages one subordinate supervisor who supervises a total of three employees in Finance. Is responsible for the overall direction, coordination, and evaluation of this department. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Competency:  

To perform the job successfully, an individual should demonstrate the following competencies:

Analytical - Collects and researches data; Designs work flows and procedures. Demonstrates attention to detail.

Communication (Oral & Written) - Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Demonstrates group presentation skills; Participates in meetings. Writes clearly and informatively; Presents numerical data effectively; Able to read and interpret written information.

Customer Service - Manages difficult customer situations and responds promptly to customer needs; Meets commitments; Looks for ways to improve and promote quality.

Interpersonal Skills - Focuses on solving conflict; Maintains confidentiality.

Judgment - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.

Leadership - Displays passion and optimism; Inspires respect and trust; Mobilizes others to fulfill the vision; Provides vision and inspiration to peers and subordinates. Understands business implications of decisions.

Managing People - Delegates work assignments; Includes staff in planning, and process improvement; Provides regular performance feedback; Develops subordinates' skills and encourages growth; Improves processes, products and services. Treats others with respect and consideration.

Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization's goals and values.

Problem Solving - Gathers and analyzes information skillfully; Develops alternative solutions.

Project Management - Develops and coordinates projects; Communicates changes and completes projects on time and budget.

Strategic Thinking - Develops strategies to achieve organizational goals; Understands organization's strengths & weaknesses; Analyzes market and competition; Identifies external threats and opportunities; Adapts strategy to changing conditions.

Technical Skills – Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.

Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals and objectives.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions 

Education and/or Experience   

Master’s degree in Accounting, Business Administration or Finance and 10+ years of progressively responsible experience in Accounting preferably in the Banking Industry; or a Bachelor's degree in Accounting or Finance and comparable experience as determined by the bank. Degree must be acquired from an accredited college or university.  Certified Public Accountant (CPA) preferred. 

Language Skills   

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Mathematical Skills   

Ability to work with mathematical and financial concepts to analyze data and determine practical solutions.

Reasoning Ability

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Computer Skills   

To perform this job successfully, an individual should have proficient knowledge of Bank Accounting software and Microsoft Office products to include Excel and Word.; 

Physical Demands 

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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is frequently required to reach with hands and arms. The employee is occasionally required to stand; walk; climb or balance and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. No hazardous or significantly unpleasant conditions (such as a typical office). The noise level in the work environment is usually quiet.