DEPARTMENT: Finance
SEATED AT: Main Office, Berkeley Springs
REPORTS TO: President/CEO
The Chief Financial Officer (CFO) will direct and oversee the financial activities of the Bank, direct the preparation of current financial reports and summaries, and create forecasts predicting future growth.
Who We Want:
Champion of Growth –
- Responsible for the preparation of all financial statements, including income statements, balance sheets, shareholder reports, tax returns, and governmental agency reports
- Compare sales and profit projections to actual figures and budgeted expenses to actual expenses and make any necessary adjustments to future projections and budgets
- Participate in community affairs to increase the Bank’s visibility and enhance new business opportunities
Industry Expert –
- Develop and implement the appropriate capitalization policy for fixed assets and policies and procedures for controlling and monitoring the expenditure of bank funds
- Responsible for managing actual income expense and balance sheet figures on a monthly basis for the Board of Directors to review
- Oversee the additions, deletions, and transfers to the Bank’s stockholders register and prepare the appropriate stock certificates, when necessary
Analytical Thinker –
- Ability to recognize long-range economic trends and project the impact on future growth in sales and market share
- Review planning processes and suggest improvements to current methods
What You'll Do:
- Prepare the Bank profit plan on a yearly basis
- Oversee preparation of actual income expense and balance sheet figures on a monthly basis for Board of Directors and officer’s review
- Compute, prepare and run the bank’s Asset/Liability Management Program on a quarterly basis for Board of Directors review
- Act as secretary for the Asset/Liability Committee
- Compute and prepare reserve for loan loss analysis for Board of Directors on a quarterly basis
- Responsible for preparing Risk Based Capital Ratios for Board review on a semi-annual basis
- Review correspondent bank balances and activity within accounts, on a continuing basis, to evaluate profitability and progress toward objectives. Coordinates and directs the transfer of funds relating to these accounts
- Oversee all the incoming and outgoing wire transfers. Ensures appropriate charges are applied to customers’ accounts
- Oversee morning and evening settlement on the Fedline Advantage system ensuring the daily activity balances are correct
- Oversee payment of all bills incurred by the bank, assuring receipt of goods purchased, proper documentation in support of purchases and proper signature authorization for expense
- Oversee all prepaid expenses are properly accrued monthly and balanced to the proper General Ledger asset account
- Prepare, or oversee the preparation of, and files Federal and State income, sales, and purchaser’s use tax returns for the bank
- Compile, calculate and review the monthly liquidity reports and the quarterly liquidity reports for the bank’s executive committee
- Act as Secretary for the annual Stockholders meeting
- Oversee all monthly accruals and ensures General Ledger entries are correct. Reviews the semi-annual payment to the Board of Directors
- Oversee the computations and figuring of generation and preparation of the quarterly Bank Call Report for submission to the Comptroller of the Currency
- Responsible for the computation and figuring of generation and preparation of the quarterly QCR report
- Participate in community affairs to increase the Bank’s visibility and to enhance new business opportunities
- Reconcile the Suntrust reports to our General Ledger on a monthly basis
- Initiate changes in the basic organization structure to accomplish objectives developed with the President/CEO
- Activate new work procedures and systems to accomplish planning and bank development objectives more efficiently
- Ensure all asset/liability accounts are reconciled by an independent bank employee on a monthly or quarterly basis
- Make recommendations to supervisors about budgetary needs of department
- Responsible to the President/CEO for the fulfillment of functions and responsibilities
- Advise and assist department managers, officers and staff in their respective functions associated with the areas of direct responsibility
What You Get:
- Competitive pay
- Executive bonus compensation
- Excellent benefits package such as medical, dental, vision
Requirements:
- Bachelor’s degree required. CPA or advanced degree preferred
- Eight to ten years of experience in financial management required
- Strong knowledge of practical accounting and a familiarity with laws and regulations governing banks
- Extensive background in financial institution accounting and auditing, operations, and policies and procedures
- High-level analytical and communication skills
- Ability to manage a group of highly trained personnel
CNB Bank is an Equal Opportunity/Affirmative Action Employer
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