| American Pride Bank is seeking an experienced candidate for the position of Chief Financial Officer (CFO). The CFO will direct and manage the accounting, financial, asset liability management, liquidity, and investment functions of the Bank and the Bank’s holding company. The CFO will provide financial leadership ensuring financial reporting; accounting systems, processes and controls are compliant with all technical and regulatory requirements. The CFO will take an active and accountable role in reporting, strategic planning and analysis needed to maintain the Bank’s history of success. This employee serves as an Executive Officer of the Bank as defined by regulatory agencies. Essential Functions - Prepares all financial reports, including income statements and balance sheets, which accurately reflect the financial condition of both the bank and the holding company.
- Responsible for all accounting activities including reconciling balance sheet accounts, income tax accounting, and month, quarter, and year end closing.
- Ensures accounting procedures are in compliance with GAAP and applicable regulations.
- Completes all required bank and holding company regulatory reports, including, but not limited to, quarterly call reports, FRY-9, FRY-8, FR2900.
- Presents regular reports to the CEO and Board of Directors, and other entities, as needed, regarding the financial position of the bank.
- Coordinates external audit efforts.
- Manages development of bank’s annual budget, in conjunction with Senior Management team. Regularly analyzes bank performance compared to budget. Provides detailed reports of that analysis to management and Board.
- Provides analysis of account activities and bank operations on an as-needed basis. Analyzes bank performance to pinpoint opportunities for increased efficiency and improved profitability.
- Oversees accounts payable, and accounts receivable processes.
- Maintains familiarity with the laws and regulations governing the sale of the bank’s products and services.
- Develops and implements bank’s plans and policies related to activities of a financial nature. Develops and implements new procedures for improved financial records maintenance and compilation of reports.
- Provides guidance regarding the pricing of the bank’s financial products and services. Analyzes product and service profitability. Evaluates new products and services for profitability.
- Provides input regarding lease negotiation and capital purchases, as well as branch openings and closings. Oversees fixed asset accounting system.
- Liaison to regulatory agencies.
- Works with external accountants for income tax planning and annual report preparation.
- Manages bank’s cash position. Determines bank’s cash investment strategies. Monitors bank’s liquidity position and cash needs.
- Manages bank’s investment portfolio. Initiates sales, purchases of securities. Monitors quality, liquidity, profitability of investment portfolio in accordance with existing bank policies.
- Develops and implements bank’s investment policy and liquidity plan, balancing risk, return, and liquidity needs.
- Develops plan to support strategic objectives of the bank.
- Provides direction on training activities and employee career development.
- Serves as trustee of the bank’s 401k plan.
- Supervises deposit operations and staff accountant.
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