Job: Chief Financial Officer

Department:              Executive

Reports To:                President/CEO

Supervises:                 Accounting

 SUMMARY

Direct financial and accounting activities of the financial institution

 ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Coordinate the preparation of financial statements including IOQ and IOK, annual report and audited financial statements

Maintain bank Investments financial records

Oversees the Federal Reserve reporting which includes: call report; Y8; Y9; weekly reports and various other reports

Oversee the asset and liability software model monthly and prepare Board Reports and ALCO reports including financial reports, cash management and forecasting reports

Coordinate the provision of information to external auditors and internal auditors for the annual audit and exams

Responsible for coordinating with external tax accountants for income tax preparation and auditors who prepare internal audits

Negotiating lines of credit and vendor agreements, as well as reviewing all financial contracts, financing agreements and insurance policies

Oversees accounts payable function, including reviewing and approving all invoices to be paid

Maintain a system of controls over the company’s accounting and financial procedures and ensure that they are in compliance with generally accepted accounting principles

Oversee all accounting and finance functions

Prepare budget

Handle regulatory exams in finance and accounting areas

Ensure compliance with local, state, and federal government reporting requirements and tax filings

Establish policies and procedures for finance and accounting areas

SUPERVISORY RESPONSIBILITIES

Directly supervises employee(s) in the Accounting Department and carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

EDUCATION and/or EXPERIENCE 

Master’s degree (M.A.) from four-year college or university; or five to ten years related experience and/or training in banking finance, accounting, bank operations and technology; or equivalent combination of education and experience.

BANK SECRECY ACT

In the performance of respective tasks and duties, the employee is expected to maintain knowledge of and ensure compliance with Bank Secrecy Act regulations and all other regulatory, security and bank policies.

COMPANY CONFORMANCE

In the performance of respective tasks and duties, the employee is expected to successfully perform quality work within deadlines with or without supervision, interact professionally with other employees, customers and suppliers; work effectively as a team contributor on all assignments and work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations.