Chief Financial Officer

The Chief Financial Officer is responsible for serving as the Bank’s lead financial executive overseeing and representing the Bank’s Accounting and Operations Departments and all financial and accounting operations of the Bank.  The position is responsible for adhering to all related generally accepted accounting principles, tax and regulatory laws, rules and regulations to adequately and accurately reflect the financial position of the Bank at all times.  Participates and assists the Bank in formulating and meeting its overall strategic business plans and goals, including the Bank’s capital plan.  The CFO also conducts financial and management reporting; prepares forecasting and budgeting; plans, coordinates and executes effective processes related to the Bank’s capital, asset and liability structure; develops, implements and monitors accounting policies, procedures, practices and internal controls.  Performs direct supervisory duties of Operations staff, and coordinates staff for coverage in all related areas of the department.

ROLE-SPECIFIC DUTIES:

• Creation and presentation of Monthly Bank Financials
• Annual and Quarterly Regulatory reporting (Call Report, FRY-8, 9sp, 2900, 6, Fed Stock, etc)
• Compilation of financial information for use in stock valuation, annual audited financial statements
• Creation and maintenance of Annual Budget
• Forecasting of Income/Capital
• Ensuring accuracy of Tax Reporting (1099s)
• Quarterly Network Debit Card Reporting
• Maintenance and reporting of Bank owned Life Insurance
• Monthly ACL calculation
• Quarterly ACL methodology creation
• Quarterly Residential repurchase reserve
• Quarterly Commercial Loan concentration reporting
• Quarterly and Annual Payroll returns (940, 941, 945, W2, UCT6, Worksite)
• Board Securities Reporting
• Creation of Quarterly ALCO package
• Manage the Bank’s Asset Liability Function including providing information for third party vendors to perform modeling and compiling Committee Package for the Funds Management Committee
• Oversight and maintenance of Bank’s deferred tax asset
• Oversight of bank’s accrued expense projections and calculations
• Oversight of Loan Stress testing
• Oversight of Bank Holding Company accounting
• Assist in preparation of the Bank’s Strategic and Capital Plans
• Oversight of the Bank’s vendor management program and Vendor Due Diligence

QUALIFICATIONS

• Bachelor’s degree or comparable experience