Chief Financial Officer

Job Description:


As the Chief Financial Officer at State Bank of Reeseville you'll be in charge of navigating our institution through some of the most exciting transformations and advancements in our history! With oversight in many of the bank's crucial operations such as asset and liability management, liquidity management, investment portfolio management, and debt and capital management. You'll also play a major role in assessing issues with our products, cost centres, the overall organization, and determine their financial impact, efficiency, and effectiveness


Principal Duties and Responsibilities:
• Establish and maintain contacts with the Bank and Holding Company's lending and investment institutions.
• Manage the Accounting, Deposit Operations and Information Technology functions. Ensure that quality service is provided to both the organization's internal and external customers.
• A member of the Bank's Strategic Planning and Senior Management Committees, Chair the Asset/Liability Committee, Co-Chair the Enterprise Risk Management Committee and Chair the Information Technology Steering Committee.


Asset and Liability Management
• Appraise the organization's financial position and issue periodic reports on the organization's financial stability, liquidity and growth.
• Monitor interest margins for loans and deposits by tracking competitor rates, recommending rate strategies and evaluating compliance with ALCO strategies.
• Determine the Bank's interest rate sensitivity position via an asset and liability simulation model utilizing varying interest rate projections and GAP reports.


Liquidity Management
• Manage daily cash to establish and project the Bank's cash position and funding requirements.
• Buy and sell short-term funds and repurchase agreements.
• Manage the investment portfolio and purchase and sell securities.


Investment Portfolio Management
• Manage excess funds in the investment portfolio to achieve yield and profit targets.
• Recommend strategies to improve interest margins.


Cash and Float Management
• Identify ways to minimize due-from bank balances and other non-earning assets.
• Monitor daily cash availability.


Debt and Capital Management
• Calculate minimum risk-based capital requirements and determine whether the Bank and Holding Company are in compliance.
• Prepare financial projections and plans for capital and debt requirements.
• Calculate and evaluate the cost of debt and capital alternatives.


Information Technology Management
• Oversee and direct the organization's information technology function. Responsible for contractual arrangements with data service providers and other third party vendors and ensuring quality technology service to both internal and external customers.


Knowledge, Skills and Abilities Required:
• Attainment of this position may be contingent upon successful mastery of the skills and responsibilities to include Controller, if currently employed in this position, and 8 to 10 years prior financial institution controller, financial reporting, regulatory, accounting, investment, internal audit, information technology, and supervisory experience prior to attainment of this position.
• Excellent verbal and/or written communication skills as evidenced by the ability to interact both face-to-face and over the telephone with customers and co-workers. Demonstrated ability to use tact, diplomacy, and a "professional" personal appearance, when dealing with customers, vendors and co-workers.
• Ability to impart knowledge of tasks to be performed to staff trained, and identify learning/performance deficiencies, performing remedial training as necessary.
• Demonstrated leadership and motivational skills/abilities and ability to create an environment that will allow for the motivation of individuals and groups toward the achievement of individual and group goal accomplishment.
• Ability to manage multiple tasks simultaneously in a fast-paced environment and assist at other locations as called for.
• MBA specializing in accounting or finance