POSITION SUMMARY: This position directs financial reporting, record keeping and accounting activities of the bank and is responsible for budget preparation and asset/liability management. Directs investment activities and handles bank funding requirements.
Key Responsibilities
- Financial Management: Act as the Bank's Chief Financial Officer. Oversee the development and implementation of financial strategies to meet the Bank's and Holding Company's profitability and other objectives.
- Analyze the general economic, business and financial trends and conditions and their impact upon the Bank and incorporates into the Bank's strategic planning process. Direct the preparation of, and approve, three year financial projections (with assumptions) for use in the strategic planning process. Direct the preparation of an annual operating budget for the Bank and Holding Company; present to the Board of Directors for approval; monitor actual results against budget and analyze reasons for variances; report to the Board.
- Chair the Bank's Asset/Liability Management (ALCO) and oversee the Audit Committee.
- Develop and implement the Bank's asset liability management, liquidity, and other financial policies; present to the CEO and Board of Directors for approval. Manage the Bank's interest rate risk position; report to the ALCO committee and the Board of Directors quarterly.
- Advise Senior Officers on the pricing of deposit and loan products.
- Analyze and assist with major purchasing decisions
- Oversee the functions of the Accounting Department and recommend changes to ensure the integrity of all financial and account records, the timely and accurate preparation of all financial management information and the maintenance of accurate customer account records. Develop and implement the Bank's financial management policies; present to the Board of Directors for approval.
- Comply with all applicable state and federal banking and accounting regulations and all Bank operating policies and procedures.
Cash Management & Investments: Direct the Bank's cash management and investment programs to minimize cash balances and maximize return on the investment portfolio. Develop and implement the Investment Policy presenting it to the Board of Directors for approval. Work with the Bank's investment advisor and brokers; determine prudent investments for the Bank, consistent with the Investment Policy, to achieve the Bank's profitability and other objectives. Execute investment transactions as appropriate. Review all investment portfolio reports; provide the Board of Directors with regular updates on the status of all investments. Remain abreast of current regulatory and securities regulations and requirements for bank investment portfolios.
Internal Controls: Act as the liaison with the Bank's outside auditors and regulatory examiners; oversee the annual audit and examinations to ensure all information is provided on a timely basis.
Regulatory/legal review/interaction: Act as the liaison between the Bank and its regulators. Communicate frequently with the Bank's regulatory authorities to maintain good relations and ensure all information is provided on a timely basis.
Risk Management: Monitor the Bank's insurance program to ensure that the most complete and cost-effective coverage is in place at all times. Interact with insurance agents and companies as needed.
Management Committees: Participate as a member of all of the Bank's internal management committees, including but not limited to the Asset/Liability Management Committee and Audit Committee.
Community/public relations: Actively participate in community organizations and events. Represent the Bank in the community.
Other duties: Perform other duties as required.
Education/Experience Required
- Bachelor's degree or higher, with a concentration in Business, Economics or Finance and/or equivalent work experience.
- 10 or more years' experience in a senior financial position, with extensive administration experience in financial institutions.
- Experience with bank financial accounting, auditing, investments, asset/liability management, liquidity and financial reporting.
- High-level analytical, communication and management skills.
- Must have no record of felony criminal convictions or serious financial citations
Other Requirements
- Possess excellent attention to detail, problem solving and multi-tasking skills.
- Strong analytical skills.
- Proactive and takes ownership of their work.
- Honest, discrete, responsible, and reliable.
- High degree of ethics and must be able to maintain confidentiality regarding bank business and customer information.
- Punctual and willing to maintain a flexible schedule.
- Ability to learn quickly and to retain what has been learned.
- Able to present a professional, businesslike image to customers in business appropriate attire.
- Communicate professionally and clearly by telephone and written (email) correspondence.
- Fluent in English.
- Able to sit or stand for extended periods of time.
- Able to spend extended periods of time operating a computer keyboard and working at a computer monitor.
Benefits
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Life insurance
- Paid time off
- Tuition reimbursement
- Vision insurance
Education: Bachelor's (Required)
Experience: Banking: 10 years (Required)
