WORK ENVIRONMENT

Full-time on-site office setting in Los Angeles, CA

POSITION OVERVIEW

The Chief Financial Officer is responsible for the all of the Bank's fiscal operating results utilizing generally accepted accounting principles, such as cost accounting, budgets, regulatory agency and government reports ensuring the safeguard of Bank assets. Counsels senior management on fiscal control and profitability; prepares, presents and interprets financial reports to senior management; adheres to tax laws and regulatory compliance to properly reflect the financial position of the Bank. Directs accounting department activities; provides leadership, training and supervision within the department; provides a high level of customer relations and service; and ensures compliance with Bank policies and procedures. The position of Chief Financial Officer assists in attaining established Bank and department financial goals. Performs supervisory duties of department staff, coordinates staff for coverage in all related areas of the department.

Adheres to Bank policies and procedures and complies with all State and Federal banking regulatory requirements, including but not limited to the Bank Secrecy Act, Anti-Money Laundering, OFAC, Customers Right to Privacy Act, Regulation D, Regulation DD/Truth in savings, USA Patriot Act, CIP, Elder Care, Sexual Harassment, Information Security and Privacy requirements as they pertain to this position. This position is responsible for escalating suspicious activity to the BSA.

POSITION RESPONSIBILITIES:

Oversees Accounting, Treasury Department, financial reporting and analysis; profitability and business analytics.
Manages the Bank’s overall finance function
Manages Bank-wide accounting policies and systems
Timely and accurate financial and management reporting to the Board, regulators, taxing authorities and investors
Manages the Bank’s annual external audits of financial statements and internal control
Oversees legal and regulatory compliance on accounting, investment, ALCO and investor relations
Oversees cash, investment portfolio, asset liability, liquidity and capital management
Responsible for ALM and modeling, as well as ALM reporting
Oversees correspondent banking relationships. Act as liaison to Federal Reserve Bank, Federal Home Loan Bank and other depositories and outside transfer agents
Oversees enterprise-wide strategic financial initiatives
Oversees enterprise-wide capital initiatives
Develops the annual budget and monitors actual performance to plan on a monthly basis
Participates in corporate policy development as a member of the executive management team and ALCO
Oversees accounts payable and expense control
Safeguards the assets of the Bank
Oversees investor relations and annual shareholder meetings
Manages and controls bank insurance
Serves as corporate secretary and maintains minutes and records of the Board and its subcommittees
Performs various projects as directed by the Board and CEO
Comply fully with all Bank policies and procedures as well as all regulatory requirements
Drive customer services and help business development within Operations Department
Provide oversight and direction to the development and implementation of client relationships strategies while enhancing the Bank’s market share

SKILLS / QUALIFICATIONS

Core Competencies for this role include, but are not limited to the following:

o Exhibit a high level of ethical behavior and sound independent judgment

o Ability to make decisions and initiate actions in a timely manner

o Leading and supervising a diverse group of bank/technology professionals

o Working with people

o Adhering to principles and values

o Analyzing data and trends

o Formulating strategies and concepts

Excellent organizational and time management skills with the ability to provide leadership, supervision and training for employees using positive supervisory techniques to ensure maximum productivity; demonstrated ability in organization and delegation skills.
Proficient skills in computer terminal and personal computer operation; word processing and spreadsheet software programs. Strong knowledge of mainframe and cloud-based computer systems and technology in general.
Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, read, analyze and interpret documents and professional journals, understand procedures, write reports, correspondence and procedures, speak clearly to customers and employees.
Thorough understanding of management procedures; ability to plan department or Bank activities (setting objectives, developing strategies, budgeting, and developing policies and procedures); initiative to organize various functions necessary to accomplish department or Bank activities; effectively staff (selecting, training and developing employees); directing employees towards the desired objectives (delegating, motivating, resolving problems); controlling the function (developing performance standards, measuring results, taking corrective action and rewarding employees as appropriate).
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
Ability to work with no supervision while performing duties.
Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.
Demonstrates good leadership, team management and interpersonal skills
Excellent analytical and abstract reasoning skills, plus excellent organization skills

EDUCATION / EXPERIENCE

Bachelor’s degree from accredited 4-year University
Minimum 10 years in bank financial management
CPA or MBA designation will be an added advantage
Strong analytical, computer, data and systems integration skills
Excellent verbal and written communications skills
Thorough knowledge of accounting principles, financial statement analysis and banking operation and regulations
Willingness to adapt to changing business needs, deadlines and extended work hours

REWARDS PACKAGE

Medical Insurance
Dental Insurance
Vision Insurance
Life Insurance
Paid Time Off
401(k) with Matching Contributions

We offer a competitive total rewards package, including but not limited to Medical, Dental, Vision, and Life Insurance, 401k retirement savings plan, and paid federal holidays, for this full-time position. Annual pay ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.

Must be authorized to work in the US.

We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.

CBB Bank - Commonwealth Business Bank Jobs

Chief Financial Officer