Position SummaryThe Chief Financial Officer (CFO) serves as a strategic business partner to the President/CEO and Board of Directors, responsible for the overall financial stewardship of the organization. The CFO leads financial strategy, planning, and performance management to ensure long-term safety, soundness, and growth.
This role oversees accounting, financial reporting, asset/liability management (ALM), treasury, capital planning, and regulatory compliance while delivering actionable insights to drive decision-making. The CFO plays a critical role in enterprise risk management, digital finance transformation, and organizational strategy.
Essential Skills- Deep knowledge of GAAP, regulatory reporting, and banking regulations
- Expertise in ALM, capital planning, and interest rate risk management
- Strong strategic thinking and business acumen
- Advanced financial modeling and analytical capability
- Executive presence with strong communication and influencing skills
- Proven ability to lead through change and transformation
- High level of integrity and sound judgment
Essential FunctionsPrimary Responsibilities- Provide overall financial leadership and stewardship of the organization.
- Establishes, coordinates and maintains an accounting system that properly reflects the financial position of the financial institution, and provides financial consolidation of branches and subsidiaries.
- Ensures accurate financial reporting, sound capital and liquidity management, regulatory compliance, and provides clear financial insight to support the bank's long-term stability and growth.
- Serve as a strategic advisor to the CEO and Board
- Lead long-term financial planning aligned with business strategy
Core Job ResponsibilitiesFinancial Management & Reporting- Oversee all accounting functions, including general ledger, financial reporting, and month-end/Quarter-end/year-end close
- Prepare and present accurate and timely financial statements in accordance with Financial Accounting Standards Board (GAAP)
- Ensure timely and accurate regulatory filings (e.g., Quarterly Call Reports)
- Maintain internal controls and financial policies to safeguard assets
- Responsible for preparation of budgets and forecast reports.
- Prepare regulatory reports, all financial reports and consolidations, ALCO reports, various other reports for Board or Director's review, Annual Report and quarterly financial report to shareholders.
- Manages financial institution investment accounting activities.
- Manages and monitors general ledger accountancy activity and reconciliations.
- Supervises accounts payable process, approves processing of expense checks.
- Monitors cost control strategies. Approves and implements cost control strategies on an as-needed basis.
Regulatory Compliance & Risk Management- Ensure compliance with applicable regulations and guidance from regulators such as the Federal Deposit Insurance Corporation, Federal Reserve, and DIFS
- Partner with compliance and risk teams to monitor financial risks, including interest rate risk, liquidity risk, and capital adequacy
- Support internal and external audits and regulatory examinations
Asset/Liability Management (ALM)- Lead the Bank's Asset/Liability Committee (ALCO) process
- Monitor and manage interest rate risk, liquidity, and balance sheet structure
- Develop strategies to optimize net interest margin and earnings performance
Budgeting & Strategic Planning- Lead annual budgeting and long-term financial planning processes
- Provide financial modeling, forecasting, and scenario analysis for management and BOD
- Support strategic initiatives including growth, branch expansion, and product development
Treasury & Liquidity Management- Oversee cash management, funding strategies, and investment portfolio
- Ensure adequate liquidity to meet operational and regulatory requirements
- Manage relationships with correspondent banks and funding sources
Board & Executive Reporting- Prepare and present financial reports to the Board of Directors
- Provide insights into financial performance, trends, and key risks
- Serve as a strategic advisor to executive leadership
Leadership- Lead, develop, and mentor the finance and accounting team, Investment team, and Facilities.
- Foster a culture of accountability, accuracy, and continuous improvement
- Collaborate cross-functionally with operations, lending, risk, and compliance
- Build strong relationships with Board members, regulators, and auditors
- Translate financial data into clear, actionable insights for decision-making
Other Functions- Other duties assigned by the President & CEO or Board of Directors.
- Make recommendations to management concerning possible methods to improve accounting functions of department.
Working Conditions of the Job- Stationed at desk 75-100% of working time.
- Travel to branch locations periodically to assess & inspect building location regarding maintenance/upkeep.
- No hazards.
- No unusual or physical exertion required.
Job Qualifications- Bachelor's degree in Accounting, Finance, or a related field required; MBA, CPA, or CFA strongly preferred
- 10-15+ years of progressive financial leadership experience, with a proven track record in senior/executive roles
- Demonstrated experience leading complex, multi-functional teams or business units
- Extensive experience within banking or highly regulated financial services (e.g., community banking, commercial banking, or credit unions)
- Strong knowledge of GAAP, regulatory reporting, and financial management in regulated environments
- Advanced proficiency in Microsoft Office Suite, particularly Excel; experience with financial systems and reporting tools preferred
- Proven ability to drive strategic financial initiatives, influence decision-making, and communicate effectively with executive leadership and boards
