The EVP & Chief Financial Officer (CFO or Officer), either directly or through subordinate supervision, is responsible for the technical and operational accounting, finance, tax and Treasury activities of Bancorp of the Bank on a day-to-day basis. The Officer assists senior management and the Board in the formulation of strategies and business plans to achieve the Bank's long-range objectives. The CFO contributes to the formation and execution of the Company's investment, asset/liability management, liquidity and funding, accounting and capital policies. The CFO oversees financial reporting to the Management /team and the Board and directs preparation and evaluation of budgets and capital plans. The Officer manages the external audit and tax engagements and ensures the accurate preparation and timely submission of the regular and periodic SEC and Regulatory Bancorp and Bank reports such as the 10-K, 10-Q, 8-K, FRY and Call Reports, as well as all required tax filings.

The CFO is also for meeting the Finance area's business plan, assisting other areas of the Company in meeting their business plans and for identifying and driving efficiencies throughout the organization.
The CFO serves as the Investor Relations manager for the Company.
The CFO manages and negotiates all of the Company's corporate insurance policies.
The CFO serves as a member of the Bank's Senior Management Team, ALCO Committee, Audit Committee, Compliance Committee, Vendor Management Committee, IT Steering Committee and Enterprise Risk Management Committee.
Evaluates, develops and administers the Bank's accounting policies, practices, procedures and systems in accordance with GAAP, FASB rulings, banking regulations and federal, state and local laws.
Establishes, maintains, and monitors the internal accounting control environment in order to ensure safe/sound operations, accurate accounting records for Bancorp and the Bank, and timely, accurate report data for the SEC, Regulators, the Board and Management.
Assumes primary responsibility for COSO-conforming documentation of the Company's control environment as it pertains to the financial statements.
Supervises the preparation, verification and timely submission of Bancorp's and the Bank's regulatory reports and tax filings and monitors ongoing compliance.
Manages the Bank's Liquidity and Contingency Funding positions.
Manages the tax position of Bancorp and the Bank, including current and deferred provisions, assets and liabilities.
Ensures the accurate interface of new products/procedures bank-wide into the general ledger.
Manages the Company's corporate insurance policies. Maintains awareness of company-wide strategies and activities impacting insurance coverage and adjusts policies in turn. Communicates improvements in Company's financial condition to insurance broker to use as leverage in negotiating best pricing.
Serves as liaison for the provision of and discussion of financial information with all regulators.
Manages Bancorp's stock-based compensation program.
Serves as Bancorp's Investor Relations contact. In that capacity, responds to inquiries from shareholders, is primary interface with Bancorp's transfer agent and with NASDAQ and is responsible for the preparation and distribution of Bancorp's earnings releases, maintenance of listing requirements, etc.
Monitors the Bank's capital position and provides guidance on the permissible asset growth in accordance with capital requirements and constraints.
Contributes to the formation of administrative policies and strategic initiatives by serving as a member of the Senior Management Team.
Supervises monitoring of controls for cash, cash items, correspondent accounts, wire transfers and accounts payable.
Studies and reports the relationship between assets and liabilities as to their maturity and repricing intervals in order to provide liquidity and control interest rate risk; prepares and presents deposit and loan pricing information, liquidity position reports, interest rate risk control analysis. Studies pricing of assets and liabilities acquired in order to make recommendations that will result in attaining net interest margin returns consistent with budget objectives.
Assists with the purchase and sale of asset and security investments in compliance with the Bank's Investment Policy.
Participates in funds acquisition activities through bidding on private and public money (deposits or FHLB advances), negotiating agreements in compliance with the standards set by the Bank's Asset and Liability Committee (ALCO).
Develops and maintains profit center reporting for the Bank.
Updates, trains and develops staff and associate's in accounting policies and procedures.
Provides supervision over accounting for fixed assets and the investment portfolio.

Supervises the preparation, verification, audit of and timely submission of Bancorp's filings with the Securities & Exchange Commission (SEC). Provides required documentation to facilitate receipt of unqualified opinion on financial statements from external auditors including:

Quarterly memos: Fair Value of Financial Instruments, Non-GAAP Policies, Other-Than-Temporary-Impairment Analysis & Evaluation, Uncertain Tax Positions Analysis & Evaluation and DTA Analysis Conclusion Memo.
Management Control Review of the Bank's Allowance for Loan Losses calculation.

Monitors compliance with policies and procedures for:

Invoice payment and expense reimbursement.
Security as it applies to the protection and allocation of assets.
Accounting and tax functions.

Performs special projects:

Assists the President/CEO and the Board in accomplishing any activities that advance the goals of the Business Plan and/or the Capital Plan.
Assists in developing strategies to maximize the efficiency of capital deployment.
Directs and/or develops high level financial cases to attain specific accounting treatment.
All employees are responsible for compliance with the Bank Secrecy Act and in some roles, OFAC regulations. Depending on your job responsibilities, more or less aspects of the regulations may apply, but at a minimum , all employees are responsible for reporting suspicious activity they identify in the course of performing their job duties. This includes activities conducted by customers, fellow employees, board members, and vendors.

Patriot Bank, N.A.

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EVP, Chief Financial Officer