What are the responsibilities and job description for the Chief Financial Officer position at Crescent Search Inc.?
Our bank client is seeking an experienced and strategic-minded Chief Financial Officer to join their team.
Position Overview :
The Chief Financial Officer (CFO) will be a key member of the executive leadership team, responsible for providing strategic financial direction and ensuring the bank’s financial health and stability. The CFO will oversee all financial activities, including financial reporting, budgeting, forecasting, treasury, asset / liability management, and regulatory compliance, while collaborating closely with senior leadership to support the bank's mission to serve the underserved and create lasting community impact.
This role offers a unique opportunity to shape the financial strategy of a growing organization to drive both stability and innovation.
Key Responsibilities :
- Financial Strategy & Leadership :
Make your application after reading the following skill and qualification requirements for this position.
Provide strategic insights to senior management and board of directors to support decision-making and long-term planning. Lead financial due diligence efforts and provide financial analysis and guidance for potential mergers, acquisitions, and strategic growth.
Lead the finance and accounting teams in providing accurate financial reporting and analysis.
Oversee the bank’s financial operations, including budgeting, forecasting, general ledger management, cash flow and financial reporting.
Manage capital planning, liquidity, and cash flow management, ensuring strong asset and liability management.
Lead efforts in maintaining a robust internal control environment and improving operational efficiency.
Oversee the company finance IT system to streamline financial processes and enhance data accuracy.
Control and evaluate the organization’s fundraising plans and capital structure to support growth objectives.
Manage vendor relationships to negotiate favorable terms and ensure cost-effective financial services.
Manage internal and external audits / exams by the FDIC and others as required.
Ensure the bank adheres to all relevant federal, state, and local regulatory requirements, including FDIC, OCC, and Federal Reserve regulations.
Coordinate with external auditors and regulators to maintain compliance and address any financial issues promptly.
Perform risk management by analyzing the organization’s liabilities and investments, identifying potential risks, and implementing risk mitigation strategies.
Lead and mentor a high-performing finance and accounting team, fostering a culture of accountability and continuous improvement.
Drive employee development and succession planning for key roles within the finance function.
Collaborate with business unit leaders and executives to drive profitability and identify opportunities for revenue growth.
Play a key role in merger and acquisition (M&A) activities, as well as potential expansions or new branch openings.
Present financial reports and updates to the Board of Directors, investors, and key stakeholders.
Build strong relationships with external auditors, banks, and regulatory authorities.
Qualifications :
Strong technical knowledge of U.S. GAAP and experience with FDICIA / SOX requirements.
Proficient in the preparation and filing of Call Reports with the appropriate regulatory authorities, ensuring accuracy and compliance with regulatory requirements.
Working knowledge of the Community Reinvestment Act (CRA), Minority Depository Institution (MDI), and Community Development Financial Institution (CDFI) programs.
Education and Experience :
Compensation and Benefits :
Executive Recruiter :
Darrell Palombo - CEO
Banking and Finance
Crescent Search, Inc.
Email : Darrell.Palombo@CrescentSearch.net
Job Type : Full-time
Pay : $200,000.00 - $275,000.00 per year
Work Location : Hybrid remote in Atlanta, GA 30309
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Salary : $200,000 - $275,000
