Chief Financial Officer - Banking

Belmont Savings Bank is a proud community bank committed to serving individuals, families, and businesses with personalized service and sound financial related solutions. As a mission-driven institution, we value trustworthiness, integrity, personal accountability, adaptability, and reliability to drive our long-standing relationships with our customers and our community. We are currently seeking a strategic and hands-on Chief Financial Officer (CFO) to join our executive team and lead the bank’s financial health and strategic direction.

Position Summary:

The CFO is responsible for managing and directing all financial functions of the bank, including accounting, financial reporting, budgeting, investments, asset/liability management, and regulatory compliance. As a member of the executive leadership team, the CFO plays a key role in guiding the bank’s strategic direction and long-term sustainability while ensuring operational excellence and fiscal responsibility.

Primary Duties & Responsibilities:

Financial Management & Reporting

•  Oversee preparation and accuracy of financial statements in accordance with GAAP and regulatory standards.
• Ensure timely monthly, quarterly, and annual reporting to internal and external stakeholders.
• Manage the bank’s general ledger and accounting functions.

 Budgeting & Forecasting

•  Lead the annual budgeting process, providing insight and analysis to support strategic goals.
• Prepare regular financial forecasts and variance analyses for executive and board review.

 Asset/Liability & Treasury Management

•  Monitor and manage the bank’s liquidity, capital, and interest rate risk through effective asset/liability strategies.
• Oversee investment portfolio in compliance with policy and risk tolerances.

 Regulatory Compliance & Risk Oversight

•  Ensure compliance with federal and state banking regulations, including regulatory filings.
• Liaise with auditors, examiners, and regulatory agencies.

 Strategic Leadership

•  Serve as a key advisor to the CEO and Board of Directors on financial strategy and performance.
• Participate in long-term strategic planning, M&A evaluation, and growth initiatives.
• Identify opportunities for operational efficiencies and cost savings across departments.

 Team Leadership & Development

• Supervise and mentor finance and accounting team members.
• Promote professional development and ensure cross-functional collaboration.

 Qualifications:

 Education & Experience

•  Bachelor’s degree in Accounting, Finance, or related field (required); CPA or MBA (preferred).
• Minimum of 7-10 years of progressive financial leadership experience, preferably in banking or similar financial services.
• Prior experience as a Controller, VP of Finance, or CFO in a community bank or similar institution is strongly preferred.
• Must have very effective verbal and written communication skills and the ability 
• Must be anticipatory and have the ability to adjust to situations and circumstances to achieve meaningful bank developed objectives and results. 

Knowledge, Skills & Abilities:

•  Deep understanding of banking regulations, GAAP, and risk management principles.
• Proficiency with core banking systems and financial analysis tools.
• Strong leadership, communication, and interpersonal skills.
• Strategic thinker with attention to detail and a hands-on approach.
• Ability to translate complex financial data into actionable insights for leadership and the board.
• Commitment to community values and mutual banking principles.

Why Join Us?

At Belmont Savings Bank, you’ll be part of a mission-driven institution with a culture of trust, collaboration, and community impact. We offer competitive compensation, benefits, and the opportunity to shape the future of a growing and respected community bank.

Please apply by no later than May 5, 2025.

Equal Opportunity Employer