Growing Houston bank is adding a CFO to its ranks. You will report to the CEO and have a Controller and a small staff under you. Responsible for all regulatory reporting, internal and external reporting, supervision of staff, and partnering with the chairman to grow the bank.
Background must include 10 plus years of related banking experience either in public accounting, banking, or a combination of the two. Degree in accounting or finance is required. CPA and/or MBA is a big plus.
PRIMARY OBJECTIVE OF POSITION
Plans and directs the organization's financial plans, policies and accounting practices, ensuring compliance with State and Federal rules and regulations. Directs such functions as budgeting, accounting, financial reports, and financial analysis and investments activities to ensure they meet generally accepted accounting principles (GAAP). Responsible for ensuring financial stability and customer satisfaction commensurate with the best interest of the account holders, the employees, and the bank.
ESSENTIAL JOB FUNCTIONS
- Directs the accounting function of the bank to include: ALM, A/P, A/R, budgets, G/L, financial analysis, financial reporting and recordkeeping, investments, and all other related functions. Responsible for accurate financial reporting to include monthly financial statements, Quarterly Call Reports, ALM and other financial analysis.
- Develops, establishes and directs the accounting and finance activities of the bank to support overall policies and objectives. Includes planning, recommending, and implementing programs and policies. Includes analysis of financial operations and recommendations to enhance efficiencies and internal controls.
- Directs, develops, implements, and evaluates policies and procedures for the Accounting and Finance Department. Ensures that policies and procedures reflect current regulations and GAAP and are communicated to and implemented by subordinates.
- Participates in developing strategic plan and defining financial goals and objectives. Measures and reports financial performance and recommends changes or initiatives to achieve financial goals.
- Develops, coordinates, and reviews annual budget. Makes recommendations to ensure that net income objectives are met. Provides the branch/dept managers with budget information.
- Monitors capital adequacy, asset quality, IRR, NEV, and liquidity.
- Manages an investment portfolio that provides liquidity and safety while optimizing earnings. Makes recommendations for investing excess cash. Keeps CEO apprised of cash position and investment opportunities.
- Complete research, analysis, development, and implementation of new financial tools, products, and procedures.
- Assist with contract and lease negotiations and major purchasing decisions for capital equipment or other capital expenditures.
- Responsible for overseeing access for bank accounts and corporate credit cards.
- Evaluates work performance of staff under supervision
- Recommends personnel action based on performance and budget guidelines.
- Ensure that new employees are thoroughly trained in all aspects of their job.
- Responsible for approval of all absence and annual leave and overtime for the staff reporting directly.
- Hold monthly staff meetings identifying areas for improvement, changes in procedures, new developments, or changes in services. Keep staff up to date on trends and general bank information.
- Develop career plans for direct reports identified as potential successors and implement actions needed to ensure adequate successor(s) are developed in accordance to the succession plan.
- Ensures the adherence of the bank policies and procedures but may authorize exceptions to normal policy or procedures when circumstances warrant.
- Performs other duties and responsibilities as required or assigned.
RELATIONSHIPS AND CONTACTS
Supervise Approximately: 2-6 employees
Reports To: CEO
Contacts: May have contact with customers, vendors, and other departments.
JOB SPECIFICATIONS
To adequately perform this position, incumbent must have a bachelor’s degree in accounting, finance, business or related field and possess a minimum of 10 years of experience in a financial (accounting/finance) leadership role, with progressive management experience in a financial industry (banking/credit union/savings/loan) is required. Must have a thorough knowledge of GAAP, financial accounting standards, applicable federal, state and securities regulations. Must have ability to analyze and solve complex problems, develop automated systems and communicate effectively. Must have the ability to lead and supervise others, including annual reviews and disciplinary actions as necessary. Must be able to work independently and maintain confidentiality regarding the affairs of bank customers and employees.
EQUIPMENT SKILLS
Incumbent is required to have excellent computer skills in a Microsoft Windows environment; must include Excel, Word, and experience with accounting applications.
