Chief Financial Officer (Bank/Financial Services only)

$130,000 - $190,000/Yr

NPAworldwide - Murfreesboro, TN

Full-time - Senior

Onsite - Murfreesboro, 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 (Asset-Liability Committee) and Board level Finance Committee meetings. This includes reporting on key areas such as interest rate risk, liquidity, and the sources and uses of funds, while also comparing financial metrics against CCB policy guidelines. 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 in relation to the approved budget and its peers. The role also emphasizes the importance of continuous efficiency improvements through the leverage of technology and automation. The CFO conducts quantitative data analysis and financial modeling, focusing on branch profitability, loan and deposit portfolio parameters, and product profitability. Furthermore, the CFO is responsible for overseeing the model for Allowance for Credit Loss (ACL) estimation, Current Expected Credit Loss (CECL) calculation, and general economic reviews related to potential credit loss outlooks. In addition to these financial responsibilities, the CFO manages critical relationships related to Accounting and Finance, oversees the Bank's accounts payable process, and ensures compliance with BSA and OFAC requirements. The position also promotes a diverse work environment that aligns with the bank's core values, while completing all duties as assigned. This role is not a remote or hybrid opportunity, emphasizing the need for a physical presence in the office.

Responsibilities

• Supports the Board of Directors on Corporate Financial Management including 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, loan and deposit portfolio parameters, and product profitability.
• Identifies, measures, monitors, and controls the model for ACL estimation and CECL calculation.
• Oversees and enhances the bank's corporate credit card relationship.
• Maintains and implements policies related to Accounting & Finance functions of the bank.
• Oversees the Bank's accounts payable process and wire funds transfers.
• Manages the bank's BOLI portfolio and critical relationships in Accounting and Finance.
• Completes continuing education opportunities 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.