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Chief Financial Officer & Treasurer

150,000 – 210,000 yearly

NPAworldwide Recruitment Network

Last Updated: 11/25/22

Job Description

Job description:

Chief Financial Officer & Treasurer

ESSENTIAL JOB FUNCTIONS

Oversees the management of the finance, and treasury departments and specific individuals within the accounting department to coordinate directly or through subordinate staff members, treasury and finance internal control policies and procedures.Manages, coaches and develops designated individuals in the accounting, treasury, and finance staff.Presents management reporting and strategy to the Board of Directors and Regulators on regular basis, as well as addressing questions and recommendations from both.Monitors performance of Bank and makes suggestions to improve performance.Reviews all organizational policies and procedures impacting the accounting and treasury departments to ensure these documents are consistent with best business practices and regulatory requirements, making recommendations for enhancement as needed.Reviews the accounting and management reporting systems that provide management the necessary information to run the Bank in compliance with Generally Accepted Accounting Practices (GAAP), regulatory requirements, and Internal Revenue Service (IRS) regulations.Maintains knowledge of banking laws, regulations and changing accounting practices.Acts as the liaison between the Bank and its shareholders, ensuring that any sub debt offerings and other shareholder matters are managed and accounted for appropriately.Works with management representatives of different departments of Bank to maintain a financial management system to ensure the necessary information is collected and analyzed to make appropriate financial decisions for the organization.Prepares periodic regulatory reports and reports for senior management and the Board.Ensures appropriate budgets and other strategic planning tools are utilized as needed for appropriate management of the Bank.As the Treasurer, ensures coordination of this function and Accounting regardingAsset/Liability function and investment portfolio accounting.Analyze and recommend capital structure strategies; evaluate and execute capital markets transactions; oversee the transfer and paying agent activities regarding the Companys debt and equity securities.Monitor cash position to cover cash commitments; coordinate movement of excess cash to and from investment accounts. Execute overnight borrowing and investment of corporate liquidity.Guide management of the investment portfolio within policy guidelines and recommend policy updates as needed.Provide authoritative guidance and recommendations to senior management on balance sheet management issues. Such issues include, but are not limited to; market risk, balance sheet structure, the investment portfolio, funding and hedging, and funds transfer pricing.Formulate balance sheet strategy with the assistance of the CEO to determine appropriate volumes, maturity structure and optionality of discretionary assets and liabilities.Formulate or approve investment growth, shrinkage, and restructuring strategies, ensuring that they are designed to meet liquidity, balance sheet management, income, tax, policy and regulatory parameters.Reviews, educates and consults with other members of senior management regarding economic and financial market conditions, and risk and balance sheet management issues.Manage ALCO reporting for the Board ALCO Committee. Serves as Chairman of the Management Asset/Liability Committee (ALCO).Develops and maintains relationships with the investment community and stays informed of new developments in the money and capital markets.Designs and implements cash management system.Advises management on investments and loans for short- and long-range financial plans.Performs such other duties as may be assigned or which inherently or logically belong with the position.Exemplifies client's values while carrying out its mission and organizational goals and priorities. Qualifications:

Chief Financial Officer & Treasurer

  • Masters degree in Business Administration, Accounting, or Finance required.
  • Certified Public Accountant designation preferred.
  • Eight or more years of experience in financial management required.
  • Experience with Public Accounting firm preferred.
  • Prior Experience as CFO in a financial institution.
  • Experience in Capital Planning and investor presentations.
  • Exposure to due diligence with mergers and acquisitions would be helpful.
  • Extensive experience partnering with an executive team.
  • Exceptional management and supervisory skills.
  • Outstanding analytical and organizational skills.
  • Proficient in database and accounting computer application systems.
  • Robust written and verbal communication skills.
Why is This a Great Opportunity:

This is not a Remote/Work From Home opportunity.

Chief Financial Officer & Treasurer

Opportunity Description

This individual is responsible for the strategic analysis and contribution towards planning for the Banks increasingly profitable financial performance. The finance and treasury departments and designated accounting staff members, will be managed by this role. Directs and managesthe Banks treasury management activities; specifically, all Bank discretionary assets and liabilities including the investment portfolio and all market sourced funding, the Banks strategic modeling and asset/liability management function. Successful individuals will be hands on in the performance of the role. Also responsible for providing corporate-wide market related information, determining funding costs for corporate loans and funds transfer pricing, executing derivative strategies for A/L management and exercising oversight for retail loan and deposit pricing.

Salary Type : Annual Salary

Salary Min : 150000

Salary Max : 210000

Currency Type : US Dollars



Company Details

Grand Rapids, Michigan, United States
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