Title: Chief Financial Officer
Department: Accounting
Reports to: CEO
Overview:
Responsible for financial functions of the Bank and Holding Company, including all accounting and financial reporting. Oversees and assists in the development of financial, statistical, and profitability reports in accordance with the appropriate accounting principles (GAAP) and standards.
Essential Duties:
- Prepare, review and sign all SEC filings (10-K, 10-Q, 11-K, 8-K, etc.)
- Prepare and review investor communications including press releases, investor conference materials, and proxy statements
- Review annual GAAP and SEC disclosure checklists
- Organize and lead the testing of internal controls over financial reporting (Sarbanes-Oxley or SOX testing)
- Responsible for coordinating the completion of the annual Company-wide internal audit plan and risk assessment
- Responsible for presenting financial and branch/operations reports at the monthly Board meetings. Prepare meeting minutes
- Act as main contact for regulators, external and internal auditors. Support internal audit function including planning audits; collecting, examining and evaluating information; communicating the results of audit work; and following up to ascertain that appropriate action is taken on reported audit findings
- Assist the external accounting firm in performing requested audit procedures in connection with their financial audit of the Company
- Manage funding liquidity sources and interest rate derivative products
- Oversee monthly and year-end close process and monthly Board reporting
- Responsible for preparing annual budget and any updates as needed
- Responsible for preparing annual business/strategic plans and any updates as needed
- Act as primary contact for Registrar, maintain shareholder records, plan and prepare proxies and shareholder letter and information for annual shareholders meeting. Make quarterly dividend payments
- Upload monthly FRB Borrower in custody reports
- Act as Assistant Secretary to Bank and Holding Company. Prepare quarterly Holding Company meeting agenda and prepare and maintain meeting minutes
- Assist with negotiations of new and renewal leases for bank locations
- Renew annual Corporate Registration for Bank and Holding Company
- Track and process NMLS license renewals
- Review and sign Call Reports prior to filing
- Assist ISO in establishing and maintaining information security standards and procedures in compliance with FFIEC information security and risk management policies, standards and guidelines.
- Work with Bank’s insurance agent as needed to provide requested information and complete applications to renew bank insurance policies, ie, Banker’s liability and Bond insurance, property insurance, General Liability, etc.
- Prepare responses to audits and examinations
- Prepare news releases as needed
- Act as one of two people in bank authorized to participate in Medallion Stamp Signature guarantee program
- Prepare shareholder notices as needed
- Assist the Chief Compliance Officer with responses to consumer complaints filed with the FDIC
- Serve as member of the Management Liquidity/Investment Committee
- Act in advisory capacity to Bank Controller on accounting issues
- Coordinate and supervise the implementation of CECL and any other new accounting standards
- Perform all duties in compliance with BSA/AML regulations and requirements
- Obtains adequate data for CIP on all wire and money instrument transactions
- Monitors and reports suspicious activity to the BSA Officer
- Adheres to Bank’s EEO/AAP policies
Education/Additional Training or Certifications:
- Bachelor’s Degree in Accounting/Finance
- CPA Preferred
Knowledge/Experience:
- Software skills including Microsoft Office, Adobe, Internet, and Email
- Fifteen or more years of financial services or banking experience
- Thorough understanding of accounting principles and procedures
- SEC filing experience
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. The noise level in the work environment is usually moderate.
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 occasionally required to stand; walk and reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and color vision.
AAP/EEO Statement:
Metro City Bank is an Equal Employment Opportunity/Affirmative Action Employer with regard to Females, Minorities, Veterans and Disabled Persons
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
