A department head and member of senior management, the Chief Financial Officer (CFO) oversees the Bank’s financial management, accounting, and financial reporting functions. Broadly defined, this position is responsible for asset liability management, accounting, tax returns, financial analysis and reporting, regulatory reporting, and overseeing the Bank’s investments and accounts.
• Assists the President in developing policies relating to asset liability management (ALM), interest rate risk management (IRR), accounting, and investing the Bank’s funds.
• Chairs the Bank’s Asset Liability Committee (ALCO) and prepares ALCO meeting packages.
• Takes a lead role in analyzing and choosing strategic alternatives by providing financial analysis/projections, planning, budgeting, and ongoing tracking of results compared to plans.
• Supports the Bank’s asset liability management and interest rate risk management by implementing appropriate ALM/IRR modeling.
• Plans and manages the Bank’s liquidity.
• Keeps the Board and management informed of the Bank’s financial position and performance through periodic financial reporting.
• Implements the Board’s and ALCO’s investment directives by managing all aspects of the Bank’s investment portfolio.
• Oversees all aspects of the Bank’s accounting, financial reporting, and tax matters, primarily by managing the Controller and accounting staff.
• Acts as the Bank’s liaison with its regulators on financial and accounting matters.
• Acts as the management’s primary liaison with the Audit Committee of the Board of Directors.
• Determines and implements the appropriate departmental systems, procedures, and internal controls.
• Ensures timely resolution of audit and examination findings.
• Researches, recommends, and implements department solutions including systems and vendors.
• Assists in the Bank’s periodic allowance for loan loss analysis by providing relevant data.
• Supervises and develops department staff, implements HR policy and procedure within the department, conducts performance evaluations, establishes objectives, and monitors staff performance.
• Ensures the accounting staff provides the best customer satisfaction for internal customers.
• Ensures the department’s compliance with applicable laws and regulations.
• Coordinates the department’s efforts to satisfy audits and examinations and ensures the necessary corrective actions are taken in response to findings.
• Promotes teamwork and open communication within the department and bank as a whole. Leads by example.
• Completes all internal training assignments in a timely manner.
• Participates in community service opportunities.
• Completes the Bank’s Leadership Academy.
• Portrays an overall professional behavior whenever conducting bank business.