CFO

First Bank

Job Description

Effective Date:

EEO Code:   

Job Description:     CFO  

Officer Title:  Executive Officer

Employee Name: 

Reports To:  CEO

Location:  

FLSA Status: 

Job Status:

Notes:   

Summary: The Chief Financial Officer will direct and oversee all financial activities of the bank and holding company, direct the preparation of current financial reports and summaries, manage and direct the accounts payable process, provide analysis on the costs/benefits of existing or new products and services, prepare annual budget and lead balance sheet and income statement management. 

Duties and Responsibilities:

1.       Oversees accounting department, budget preparation, and audit functions.

2.       Prepares or directs the preparation of all financial statements, including income statements, balance sheets, shareholder reports, tax returns, and governmental agency reports.

3.       Analyzes performance verses projections; makes, oversees or recommend any necessary adjustments to current operations, future projections and budgets.

4.       Reviews operations, products and markets to identify and recommend opportunities.

5.       Works with the CEO and other executives to coordinate planning and establish priorities for the planning process.

6.       Studies long-range economic trends and projects their impact on future growth in sales and market share along with recommending strategies to properly positions the bank’s balance sheet. 

7.       Oversees bank treasurer in ALCO preparation and reporting, liquidity management, investment of funds, and determining appropriate deposit and loan pricing.

8.       Supervises the trust department and investor relations.

9.       Leads the budgeting process.

Secondary or Additional Job Duties:

This job description in no way states or implies that these are the only duties to be performed. You will be expected to follow any other job-related instructions and to perform other job-related duties as requested by management.

Reports:

The bank treasurer and accounts payable will report to CFO. 

Education and Experience

• Master’s degree (or equivalent experience) in business administration, business accounting, or finance required.
• Certified Public Accountant preferred.
• Eight to ten years of experience in bank financial management is preferred.

Other Requirements

• Excellent management and supervisory skills.
• Excellent analytical and organizational skills.
• Proficient in database and accounting computer application systems.
• Excellent written and verbal communication skills.

All First Bank employees are required to:

1.      Be attentive to our customer needs with a welcoming personality.

2.      Possess a team-oriented attitude with a desire to see success in themselves and others.

3.      Maintain a strict standard of confidentiality involving all transactions and relationships.

4.      Develop a working knowledge of all bank products.

5.       Maintain a professional appearance appropriate for conducting business.

Statement of Understanding:

I understand that the above duties and how I perform them are the requirements on which my performance will be judged. It is understood that these duties may be revised from time to time at the discretion of the Bank’s management.

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Employee’s Signature                                              Date

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Bank Representative                                                Date