Experience establishing or contributing to strategies to manage IRR
Familiarity with tools to measure IRR
Familiarity with transactions and strategies to manage IRR
Knowledge of regulations dealing with IRR
Investment Portfolio Management
Experience managing fixed income investment portfolio
Knowledge of broker dealings and requirements
Experience executing transactions with brokers and safekeeping entities
Knowledge of diverse universe of eligible investments
Experience establishing and/or implementing investment strategies from within ALCO
Knowledge of accounting requirements for fixed income investments
Experience managing liquidity requirements
Experience managing or executing borrowing arrangements with correspondent entities
Supervision of Accounting Area
Experience managing staff and overseeing accounting area
Knowledge of or experience in regulatory reporting
Knowledge of monthly closing process and preparation/interpretation of monthly internal financial statements
Familiarity with bank tax returns and provision requirements
Experience preparing and communicating budgets bank wide and on a departmental basis
Ability to educate/communicate with department managers on budget and business results
Experience monitoring bank and departmental results and making recommendations for improvement
Mergers & Acquisitions
Exposure to or knowledge of accounting for acquisitions and subsequent reporting
Experience converting acquired institution systems
Familiarity in evaluating acquisition candidates
Other important characteristics or experience
Working closely and collaboratively with CEO, COO and other senior management
Presenting information to the Board of Directors
Coordinating examinations with regulators, internal auditors and independent auditors
Ability to contribute to the strategic planning effort
Assessment of risk and oversight of internal control systems
Knowledge of regulations and capital requirements for banks
Experience implementing accounting systems changes as necessary
Management oversight of Information Technology
Knowledge of regulatory and accounting requirements for preparing the bank’s Allowance for Loan and Lease Loss analysis.
Some knowledge of the new accounting standard for “Current Expected Credit Loss” (CECL) and its implementation.
BS in Business/Finance/Accounting. CPA or graduate preferred. Minimum 7 to 10 years experience in financial institution and/or 7 to 10 years a public accounting firm dealing with financial institution accounting. Previous investment experience desirable. In depth knowledge of GAAP, Bank regulations, legislation, financial reporting and data processing. Must possess exceptional organizational, analytical and problem solving skills. Ability to manage multiple projects/priorities. Ability to educate non-financial professionals about financial reporting and investments. Minimum two years' previous supervisory experience. PC proficient including Microsoft Office (Word, Excel, PowerPoint, Access, Outlook) and the Internet as well as other spreadsheets and financial analysis programs. Excellent verbal, written, telephone and interpersonal communication skills. Must possess strong service orientation. Ability to function in a financial institution branch environment and utilize standard office equipment including but not limited to: PC, fax, copier, telephone, etc. Travel required. Ability to lift a minimum of 50 lbs. (file boxes, computer terminal)
Internal Number: CFO
About Arundel Federal Savings Bank
Arundel Federal has offices in Brooklyn, Glen Burnie, Pasadena, Severna Park, Gambrills and Annapolis. We have committed ourselves to personal, friendly service. We know most of our customers by name and there are no 800 numbers at Arundel Federal. We are consistently rated as one of the safest financial institutions with capital levels far in excess of federal regulatory requirements.
"Your Vision. Our Strength." is the phrase that we have adopted for our on-going advertising and promotional efforts. This phrase describes what we do and have consistently done for over 100 years.....use our strong capital position and financial strength to help our customers achieve their financial dreams and personal visions.
Arundel Federal Savings Bank is an EEO/AA employer who recruits/hires qualified candidates without regard to race, religion, color, sex, sexual orientation, genetic information, age, national origin, citizenship, veteran status, marital status or disability, or any other factor prohibited by law. We promote the concept of equal employment in accordance with all applicable federal and state laws. Arundel Federal maintains a smoke-free and a drug-free workplace. Necess...ary accommodations will be made to enable individuals with disabilities to perform the essential functions of any position.
Candidates must possess the legal right to work in the United States and are subject to a background investigation. It is not our practice to sponsor individuals requiring work visas.
In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.