Description:
Chief Financial Officer (CFO)
Are you a strategic financial professional ready to advance your career and make a significant impact?
Scale Bank, formerly known as Fidelity Bank, is a locally owned bank that has served a community of business owners for more than 50 years. Located in Edina, MN, Scale Bank is focused on our clients’ vision of success and how we can help them achieve it. The bank has a legacy of stability, growth, and superior financial performance with over $600 million in assets.
Scale Bank is excited to welcome its next CFO to our Senior Leadership Team. This is your chance to drive strategic initiatives for growth, optimize financial performance, and guide a talented team at a top performing bank.
As the steward of the Bank’s financial health, you will:
- Create value and support growth while managing risk
- Help transform and improve performance and steer change through the ability to understand and leverage data
- Influence and collaborate across the organization and with the Board of Directors using effective communication skills
- Bring a well-rounded comprehensive skillset, including a strong customer orientation and exceptional business acumen
- Effectively lead individuals, teams, and innovation driving the organization towards strategic objectives
As the CFO, you will have four principal areas of focus:
Strategic/Board Communication (55%)
- Optimize Balance Sheet and Profitability
- Asset Liability Management
- Analyze Acquisitions and New Opportunities
- Manage Investment Portfolio
- Board Communication/Administration
- Executive Compensation/Comp Committee
- Facilitate and manage strategic planning process/EOS Integrator
Financial Reporting (15%)
- Accounting
- Deposit and Loan Pricing
- Forecasting and Budgeting
- Financial Reporting/Internal Controls
- Payables
- Collateral/Investment administration
Audit/Compliance (15%)
- Strong Audit Program/Controls
- Compliance Management Program
- Relationships with Regulators
- Relationships with External Auditors
- Vendor Management/Contracts
- Audit Committee
Human Resources (15%)
- Facilitating Strong Culture and Employee Experience
- Compensation and Benefit Programs
- Hiring and Recruiting
- Performance Management
- Diversity, Equity, and Inclusion
Supervision
The person in this role directly supervises 3 exempt employees and indirectly manages 3 exempt/non-exempt employees. Leaders at this level are expected to set overall bank vision/strategy/direction and deliver shareholder results, identify and foster the development of leaders for every level of the organization to ensure continuity and long-term growth, preserve and protect the values and culture of the organization, and create a great place to work.
Search Led by Henderson Search and Consulting Company
All applicants will be vetted through Henderson Search
Derek Dissell, Senior Recruiter
ddissell@hendersonsearchllc.com
Jennifer Henderson, President & Owner
jhenderson@hendersonsearchllc.com
Requirements:
EDUCATION, EXPERIENCE AND SKILLS
- BS/BA or equivalent. MBA or CPA preferred
- 15+ years of financial services experience
- Strong understanding of bank deposits, assets, liabilities, and interest margins
- Progressive success in financial leadership roles
- Demonstrated experience leading and developing talent
- Experience managing risk in a highly regulated environment
- Strategic and business acumen; analytical mindset/critical thinker
- Strong written and verbal communication and negotiation skills
