Fleetwood Bank, the only Bank headquartered in Berks County, is currently seeking an experienced Chief Financial Officer to join our team!
The CFO is responsible for managing the Finance Department in order to ensure the proper control of all Bank accounting, finance, and related activities; implementing strategies to achieve goals developed for the department as part of the Bank's annual strategic plan; ensuring the department's compliance with operating policies and procedures and outside regulatory requirements; directly supervising assigned personnel; communicating with appropriate management and staff personnel; providing periodic reports.
Responsibilities
- Prepares or reviews all regulatory reports and internal financial statements in accordance with FASB and all federal and state reporting regulations.
- Communicates directly with internal/external auditors and examiners during audits and exams. Provides documentation as requested and participates in discussions with such.
- Maintains a classification system for new and established general ledger and subsidiary ledger accounts which meets the reporting requirements of all regulatory agencies and which provides adequate operating and financial data to responsibility centers.
- Monitors Bank accounts and balances.
- Monitors the Bank's cash position and, when applicable, daily cash requirements for buying or selling of overnight funds or other funding sources including accounts with The Federal Reserve, ACBB, and Federal Home Loan Bank, Pittsburgh.
- Reviews the general ledger daily for clearings and unusual changes.
- Reviews and approves reports prepared by Accounting Department staff, i.e., call report, A/L report, depreciation report, monthly financial reports.
- Monitors reviews and approves bills for accounts payable function. Participates with the lending group in calculation of the Bank's allowance for loan loss reserve.
- Supervises funds transfer operations; performs wire transfer initiation/verification as needed.
- Member of the Executive Team, Emergency Management and ALCO.
- Responsible for development and oversight of the annual budget.
- Actively manages the Bank's asset/liability management function to review conditions and develop long-range strategies.
- Responsible for the investment portfolio management processes, as directed.
- Coordinates tax planning and compiling information for tax returns and reporting purposes with independent auditors.
- May be assigned special finance or accounting-related projects by the Chief Executive Officer.
- Implements strategies to achieve goals assigned to the department as established in the Bank's annual strategic plan; adheres to budget parameters.
- Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the workplace.
- Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g. Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.; ensures that the department and all personnel adhere to the same.
Qualifications
Education/Training: A B.S. or B.A. degree in Accounting, Finance, or a related field of study; CPA designation preferred; specialized bank finance education and training.
Skill(s): Proficient reading, writing, grammar, and mathematics skills; proficient financial analysis and accounting skills; proficient PC skills; high analytical ability; demonstrated management and supervisory skills; visual and auditory skills; valid driver's license.
Experience: A minimum of eight (8) years' related experience normally required.
