Belmont Savings Bank is a proud community bank committed to serving individuals, families, and businesses with personalized service and sound financial related solutions. As a mission-driven institution, we value trustworthiness, integrity, personal accountability, adaptability, and reliability to drive our long-standing relationships with our customers and our community. We are currently seeking a strategic and hands-on Chief Financial Officer (CFO) to join our executive team and lead the bank’s financial health and strategic direction.

Position Summary:

The CFO is responsible for managing and directing all financial functions of the bank, including accounting, financial reporting, budgeting, investments, asset/liability management, and regulatory compliance. As a member of the executive leadership team, the CFO plays a key role in guiding the bank’s strategic direction and long-term sustainability while ensuring operational excellence and fiscal responsibility.

Primary Duties & Responsibilities:

Financial Management & Reporting

Oversee preparation and accuracy of financial statements in accordance with GAAP and regulatory standards.
Ensure timely monthly, quarterly, and annual reporting to internal and external stakeholders.
Manage the bank’s general ledger and accounting functions.

Budgeting & Forecasting

Lead the annual budgeting process, providing insight and analysis to support strategic goals.
Prepare regular financial forecasts and variance analyses for executive and board review.

Asset/Liability & Treasury Management

Monitor and manage the bank’s liquidity, capital, and interest rate risk through effective asset/liability strategies.
Oversee investment portfolio in compliance with policy and risk tolerances.

Regulatory Compliance & Risk Oversight

Ensure compliance with federal and state banking regulations, including regulatory filings.
Liaise with auditors, examiners, and regulatory agencies.

Strategic Leadership

Serve as a key advisor to the CEO and Board of Directors on financial strategy and performance.
Participate in long-term strategic planning, M&A evaluation, and growth initiatives.
Identify opportunities for operational efficiencies and cost savings across departments.

Team Leadership & Development

Supervise and mentor finance and accounting team members.
Promote professional development and ensure cross-functional collaboration.

Qualifications:

Education & Experience

Bachelor’s degree in Accounting, Finance, or related field (required); CPA or MBA (preferred).
Minimum of 7-10 years of progressive financial leadership experience, preferably in banking or similar financial services.
Prior experience as a Controller, VP of Finance, or CFO in a community bank or similar institution is strongly preferred.
Must have very effective verbal and written communication skills and the ability
Must be anticipatory and have the ability to adjust to situations and circumstances to achieve meaningful bank developed objectives and results.

Knowledge, Skills & Abilities:

Deep understanding of banking regulations, GAAP, and risk management principles.
Proficiency with core banking systems and financial analysis tools.
Strong leadership, communication, and interpersonal skills.
Strategic thinker with attention to detail and a hands-on approach.
Ability to translate complex financial data into actionable insights for leadership and the board.
Commitment to community values and mutual banking principles.

Why Join Us?

At Belmont Savings Bank, you’ll be part of a mission-driven institution with a culture of trust, collaboration, and community impact. We offer competitive compensation, benefits, and the opportunity to shape the future of a growing and respected community bank.

Please apply by no later than May 5, 2025.

Equal Opportunity Employer

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