Job Description
Job Summary
The Vice President Finance/Controller will play a key role in the current and long-term financial strategy of our Bank. This position is responsible for leading the Bank’s financial reporting and accounting areas. Oversees all financial systems integrating core bank systems, loan and servicing systems.
Duties/Responsibilities:
- Responsible for regulatory financial reporting for the bank and holding company.
- Assess and evaluate financial performance of organization with regards to long-term operational goals, budgets and forecasts. Provide insight and recommendations to both short-term and long-term growth plan of organization.
- Create and establish yearly financial objectives that align with the bank’s plan for growth and expansion.
- Prepare and present monthly financial budgeting reports including monthly profit and loss and forecast versus budget.
- Develop and maintain monthly operating budget and annual bank operating budget.
- Oversees all transactions and aspects of operations related to general ledger, payables, and receivables.
- Drafts and implements policies and best practices to support achievement of objectives and required standards.
- Ensures compliance with federal, state, local, and organizational laws, regulations, guidelines, and best practices, including but not limited to generally accepted accounting principles (GAAP) and tax laws.
- Prepares Call Report analysis and submissions.
- Prepares ALLL (now CECL).
- Manage fixed assets schedules.
- Cash management and treasury functions – including cash flow projection and analysis.
- Manages the Bank’s business and insurance policies,
- Analyzes and develops policies, procedures, and systems to ensure effective internal controls, optimum efficiencies, and improvement of processes.
- Performs other duties as required.
Supervisory Responsibilities:
- Manages the finance staff.
- Interviews, hires, and trains new employees for the division.
- Conducts performance evaluations that are timely and constructive.
Required Skills/Abilities:
- Excellent verbal and written communication skills.
- Thorough knowledge of financial and legal best practices and requirements with a proven ability to provide sound and ethical financial counsel to executive leadership.
- Thorough understanding of and personal involvement with systems and methodologies of accounting and finance.
- Strong analytical and problem-solving skills.
- Excellent organizational skills and attention to detail.
- Strong supervisory and leadership skills.
- Proficient with Microsoft Office Suite or related software.
Education and Experience:
- Bachelor’s degree in Accounting or Finance required.
- Certified Public Accountant status highly desired.
- At least ten years of experience in the financial function of a company required.