** Position is in the Black Hills area of South Dakota - it is NOT REMOTE **
The Chief Financial Officer (CFO) of the bank has primary responsibility to serve as a strategic advisor to the CEO and Board on financial performance, capital strategy, liquidity, and long-term planning.
Essential Job Responsibilities
- Oversee the bank’s accounting and financial reporting in accordance with GAAP and all regulatory requirements.
- Ensure timely preparation of monthly and quarterly financial statements, Call Reports, FR Y-9SPs, and related filings.
- Partner with the CLO in preparing quarterly CECL/ACL reports and analysis.
- Maintain effective liquidity and cash management, including daily cash position and funding oversight.
- Chair the ALCO Committee and guide balance sheet strategy, including investments, funding, liquidity, and interest rate risk.
- Lead the annual budget and prepare multi-year financial forecasts that support the bank’s strategic goals.
- Maintain the bank’s capital plan, stress testing process, and contingency funding plan.
- Monitor interest rate and economic trends and recommend strategies for deposit pricing, funding, and investment portfolio structure.
- Manage liquidity sources, including cashflow forecasting, wholesale funding availability, and investment portfolio execution.
- Coordinate with auditors, examiners, and regulatory agencies and ensure timely follow-up on findings.
- Ensure compliance with FDIC, state banking department, and all financial reporting standards.
- Prepare clear and accurate financial and forecasting reports for management and the Board.
- Provide leadership across bank operations to support strong controls, accurate processes, and operational efficiency.
- Partner with the CEO and senior management on long-term planning, financial decisions, and strategic initiatives
Qualifications, Knowledge, and Skills
- Proven experience as a community bank CFO, finance officer or relevant role.
- In depth knowledge of banking law and risk management practices.
- Excellent knowledge of data analysis and forecasting methods.
- Ability to strategize and solve problems.
- Strong leadership and organizational skills.
- An analytical mind, comfortable with numbers.
- BA in Accounting, Finance, or relevant field; CPA is a plus.
- Excellent communication and people skills.
- Proficient in the use of MS Office and financial management software.
Specifics of Duties
- Oversee daily accounting operations, including general ledger activity, account reconciliations, fixed assets, and accounts payable.
- Monitor correspondent bank accounts, daily cash position, and incoming/outgoing wires.
- Maintain investment portfolio records, including settlements, safekeeping, pledging, and investment accounting schedules.
- Support liquidity management by tracking cashflows, FHLB collateral, borrowing availability, and wholesale funding needs.
- Assist with deposit and loan pricing analysis by reviewing cost of funds, margin trends, and balance-sheet impacts.
- Maintain accurate holding company and shareholder records, including stock transactions, dividends, and annual reporting.
- Prepare financial schedules, variance analysis, and supporting materials for management and Board meetings.
- Maintain internal financial controls, procedures, and documentation to support audits and examinations.
- Provide financial support and analysis to department managers on projects, expenses, and operational initiatives.
- Supervise and mentor operations staff, promoting accuracy, timeliness, and strong internal controls.
