Chief Financial Officer

Position Summary

The Chief Financial Officer (CFO) acts as a key strategic partner to the President/CEO and Board of Directors, overseeing the organization's financial health. This senior executive is in charge of shaping and executing the financial strategies to maintain long-term safety, soundness, and growth.

Key Responsibilities

• Direct oversight of accounting, financial reporting, asset/liability management, treasury, capital planning, and regulatory compliance.
• Provide actionable financial insights for informed decision-making.
• Play a pivotal role in enterprise risk management, digital finance transformation, and corporate strategic initiatives.

Financial Management and Reporting

• Manage all accounting processes including general ledger and period-end closing activities.
• Ensure financial statements comply with GAAP and are delivered timely and accurately.
• Prepare regulatory filings such as Quarterly Call Reports and enforce stringent internal financial controls.
• Lead budgeting, forecasting, and cost control initiatives.
• Oversee investment accounting, accounts payable, and expense approvals.
• Provide necessary reports for board review, shareholders, and regulatory purposes.

Risk and Regulatory Compliance

• Ensure adherence to regulations set by federal and state entities (FDIC, Federal Reserve, DIFS).
• Collaborate with compliance and risk management teams to monitor interest rate, liquidity, and capital adequacy risks.
• Support audits and regulatory examinations.

Asset/Liability Management (ALM)

• Lead the Asset/Liability Committee and oversee interest rate risk and balance sheet structure management.
• Implement strategies to optimize net interest margins and earnings.

Budgeting and Strategic Planning

• Head the annual budgeting and long-term financial planning efforts.
• Conduct financial modeling, forecasting, and scenario analysis for executive decision-making.
• Support strategic growth, branch expansion, and product development initiatives.

Treasury and Liquidity Management

• Manage cash operations, funding strategies, and the investment portfolio.
• Ensure compliance with liquidity requirements to meet operational and regulatory demands.
• Maintain relationships with correspondent banks and funding sources.

Leadership and Collaboration

• Lead and mentor finance, accounting, investment, and facilities teams.
• Promote a culture emphasizing accountability, accuracy, and continuous improvement.
• Work collaboratively with operations, lending, risk, and compliance units.
• Build strong partnerships with board members, regulators, and auditors.
• Translate complex financial data into clear recommendations for stakeholders.

Additional Duties

• Fulfill other responsibilities assigned by the President, CEO, or Board of Directors.
• Suggest improvements to accounting functions and department processes.

Working Conditions

• Primarily desk-based role with up to full-time sitting.
• Occasional travel to branch locations for upkeep and inspection.
• No exposure to hazardous conditions or physical exertion.

Qualifications

• Bachelor's degree in Accounting, Finance, or related discipline is required; advanced credentials such as MBA, CPA, or CFA are highly preferred.
• Minimum of 10–15 years in progressively responsible financial leadership roles, including experience in senior management.
• Proven ability to lead multi-disciplinary teams effectively.
• Extensive background in banking or regulated financial services including community or commercial banking or credit unions.
• Thorough knowledge of GAAP, regulatory reporting, and financial oversight in regulated settings.
• Strong proficiency in Microsoft Office suite, especially Excel; familiarity with financial reporting systems is advantageous.
• Demonstrated success spearheading financial initiatives and communicating with executives and board members.

Equal Employment Opportunity Statement

The employer is committed to providing equal employment opportunities to all applicants and employees regardless of race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other legally protected status. Affirmative action is practiced to ensure fairness. Discrimination of any kind is not tolerated.

This job description outlines the main duties but is not all-inclusive. Duties and responsibilities may change, and employment is at will, meaning either party may terminate the relationship at any time without cause or notice.