Director of Financial Management

Servbank

$142K — $167K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Accounting, or related field (Master's preferred)
  • CPA or CFA certification highly desirable
  • 7-10 years experience in banking or mortgage servicing
  • Proven track record in financial management and risk management
  • Strong analytical skills with attention to detail
  • Excellent communication and presentation abilities
  • Proficient in financial modeling and data analysis tools

Responsibilities

  • Lead and manage budgeting, forecasting, and strategic planning processes
  • Conduct thorough data analysis to support internal reporting
  • Design and present internal financial reports on performance and profitability
  • Analyze merger and acquisition opportunities to aid strategic growth
  • Assess and manage interest rate risks in uncertain environments
  • Monitor liquidity risks to ensure adequate cash flow
  • Manage and analyze the securities portfolio for liquidity and yield
  • Oversee wholesale funding to meet short and long term liquidity needs
  • Guide the use of derivatives to hedge interest rate risk
  • Develop pricing models for loans and deposits

Benefits

  • Collaborative work environment
  • Leadership opportunities
  • Engagement in strategic decision-making
  • Access to advanced financial software and tools
  • Development of skills in financial management and risk mitigation
Full Job Description
Director of Financial Management This role requires a proactive leader with experience in overseeing various financial management functions, including budgeting, forecasting, financial reporting, and treasury risk management. This role requires a strong understanding of managing performance and profitability in a banking and mortgage servicing environment.

Key Responsibilities:
  • Financial Management: Lead and manage budgeting, forecasting, and strategic planning processes to ensure financial stability and growth.
  • Data Analysis: Conduct thorough data analysis to support internal reporting and drive informed decision-making.
  • Internal Reporting: Design, prepare and present internal financial reports, including LOB performance, profitability, and scorecards.
  • M&A Analysis: Conduct thorough analysis of merger and acquisition opportunities to support strategic growth initiatives.
  • Interest Rate Risk: Assess and manage interest rate risks to optimize financial outcomes in uncertain interest rate environment.
  • Liquidity Risk: Monitor and manage liquidity risks to ensure adequate cash flow and financial stability.
  • Securities Management: manage, analyze, and trade the securities portfolio to meet liquidity and yield needs within defined parameters.
  • Wholesale Funding: Manage funding of balance sheet growth, ensuring short and long term liquidity needs are met.
  • Derivatives Activity: Monitor and guide line of business use of back-to-back swaps and manage use of derivatives to hedge balance sheet from interest rate risk.
  • Loan & Deposit Pricing: Develop and maintain pricing models for loans and deposits to ensure competitiveness and profitability.


Requirements

  • Bachelor's degree in Finance, Accounting, or a related field (Master's degree preferred).
  • CPA or CFA certification is highly desirable.
  • 7-10 years banking or mortgage servicing industry experience required
  • Proven experience in financial management, accounting, treasury, and risk management.
  • Proven ability to manage multiple tasks and meet deadlines
  • Strong analytical skills and attention to detail.
  • Excellent communication and presentation skills.
  • Proficiency in financial modeling, forecasting, and data analysis tools.

Skill and Competencies:
  • Proficiency in financial software and tools.
  • Strong leadership and team management skills.
  • Ability to work collaboratively with cross-functional teams.
  • Problem-solving and critical thinking abilities.
  • High level of integrity and ethical standards.

Salary Description

$142.9k to $167.1k

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