Chief Financial Officer (Bank/Financial Services only)

$130,000 - $190,000/Yr

NPAworldwide - Winchester, TN

Full-time - Executive

Onsite - Winchester, TN

Administrative and Support Services

About the position

The Chief Financial Officer (CFO) is a pivotal leadership role within the Bank, specifically tailored for the financial functions of the organization. This position is responsible for guiding the Board of Directors on various aspects of Corporate Financial Management, which encompasses critical topics such as dividend policy, capital structure, corporate governance, and strategic initiatives. The CFO plays a crucial role in reviewing the Bank's investment portfolio, providing buy, hold, or sell recommendations directly to the CEO, and ensuring that the financial strategies align with the overall goals of the institution. In addition to these responsibilities, the CFO facilitates Management level ALCO and Board level Finance Committee meetings, where they report on key areas such as interest rate risk, liquidity, and the sources and uses of funds. The CFO is tasked with creating and maintaining the annual budget, providing detailed monthly reports to the Board of Directors regarding the Bank's financial performance compared to the approved budget and self-identified peers. Continuous improvement is a priority, and the CFO is responsible for seeking and implementing efficiencies through technology and automation wherever feasible. The role also involves conducting quantitative data analysis and financial modeling, focusing on branch profitability, loan and deposit portfolio parameters, and product profitability. The CFO must identify, measure, monitor, and control the model for Allowance for Credit Loss (ACL) estimation and Current Expected Credit Loss (CECL) calculation, alongside a general economic review related to potential credit loss outlooks. Furthermore, the CFO oversees the Bank's corporate credit card relationships, accounts payable processes, and wire funds transfers, both domestic and international. The CFO is expected to manage critical relationships within the Accounting and Finance sectors of the Bank, ensuring compliance with BSA and OFAC requirements while promoting an environment that supports diversity and upholds the Bank's core values. This role is not a remote or hybrid opportunity, emphasizing the importance of in-person leadership and collaboration within the Bank's operational framework.

Responsibilities

• Supports the Board of Directors on Corporate Financial Management including topics of dividend policy, capital structure, corporate governance, and strategic initiatives.
• Reviews the Bank's investment portfolio and makes buy/hold/sell recommendations to the CEO.
• Facilitates Management level ALCO and Board level Finance Committee meetings, reporting on interest rate risk, liquidity, and financial metrics.
• Creates and maintains the annual budget with monthly detail, reporting financial performance to the Board of Directors.
• Seeks and implements continuous efficiencies through technology and automation.
• Conducts quantitative data analysis and financial modeling for branch profitability and loan portfolio parameters.
• Identifies, measures, monitors, and controls the model for ACL estimation and CECL calculation.
• Oversees the Bank's corporate credit card relationship and accounts payable process.
• Manages incoming and outgoing wire funds transfers, both domestic and international.
• Manages the Bank's BOLI portfolio and critical relationships in Accounting and Finance.
• Completes continuing education to stay updated on regulations and best practices.
• Ensures compliance with BSA and OFAC requirements.
• Promotes an environment that supports diversity and upholds the Bank's core values.

Requirements

• Bachelor's degree in accounting with CPA and/or MBA.
• Ten-plus years of experience in a financial leadership capacity in a financial institution or independent mortgage banker.
• Proven sustained success in high-level management and leadership roles.
• Demonstrated success in discerning market forces and developing profitable business strategies.
• Proven expertise in banking regulations and operations, balancing efficiency and regulatory expectations.
• Experience managing corporate governance matters and communicating with boards of directors and shareholders.
• Demonstrated entrepreneurial mindset with strong organizational and leadership skills.