Senior Vice President Finance

TITLE OF JOB : Senior Vice President, Finance

REPORTS TO : Executive Vice President & General Manager

POSITION STATUS : Exempt

JOB SUMMARY :

Responsible for overseeing and directing the Bank’s finance / accounting, treasury administration and loans functions and activities, ensuring accurate financial reporting that conforms to the U.S. Generally Accepted Accounting Principles (GAAP), as well as effective financial analysis and controls that supports efficient business operations, compliance with legal lending limit and loans policies and procedures, in addition to maintaining adequate levels of liquidity and compliance with the reserve requirements.

Additionally responsible for overseeing and directing the Bank’s Processing Services finance / accounting, and general administration, ensuring accurate financial reporting that conforms to the U.S. Generally Accepted Accounting Principles (GAAP), as well as effective financial analysis and controls that support efficient business operations.

ESSENTIAL DUTIES AND RESPONSIBILITIES :

• Manage the Accounting Department, including developing and implementing policies and procedures of the finance and accounting functions, ensuring proper accounting methods, practices, and operations that conform to the U.S. GAAP in an efficient manner.
• Manage the treasury & loan area, including developing and implementing policies and procedures of the treasury functions and loan functions, ensuring proper practices, and operations that conform to all applicable laws and regulations.
• Participate in the preparation of the Company's business plan and associated accounting and financial strategies.
• Responsible for accurate and timely financial and regulatory reporting, ensuring compliance to the U.S. GAAP, and applicable regulatory reporting requirements.
• Coordinate the preparation of the Company's financial projections and budget, and monitors the financial performance variances.
• Ensure accurate and timely financial reporting and analysis to support the Company's business decisions and strategies.
• Provide guidance to the other functional managers on accounting requirements of current and future business products and services.
• Oversee the proper execution and documentation of Loan Committee activities and functions.
• Coordinate the Assets Liability Management Committee (ALM) and establish strategy to obtain ALM established objectives, balancing maximized earnings and sufficient liquidity within the established limits.
• Develop and implement effective expenditure controls that optimize cost efficiencies.
• Coordinate with tax advisors in formulating tax planning and strategy and compliance to the Federal and State tax requirements.
• Ensure adequate financial and internal controls and procedures are in place while maintaining optimum efficiencies.
• Serve as liaison officer to the bank regulators and internal and external auditors.
• Oversee and direct various accounting / finance, treasury and administration personnel and functions
• Participate in the Retirement Plans Committee as well as the administration of both Pension and 40l(k) Plan and reviews asset statements and actuary reports.
• Responsible for maintaining an adequate risk / return balance within the assets of the portfolio.
• Responsible for negotiation of major contracts (office lease, furniture acquisitions, etc.)
• Business recovery plan coordination leader and backup administrator.
• Coordinate with Head Office Finance unit for debentures issuance and administration.

Stay abreast of all applicable regulations and rules of all supervisory and regulatory government agencies pertaining to accounting, finance and related functions; implements any necessary changes immediately as required,

Stay abreast of all applicable regulations and rules of all supervisory and regulatory government agencies pertaining to accounting, finance and related functions; implement any necessary changes immediately as required.

Perform functions related to the corporate governance of BPS such as participating in Directors / Board Meetings and carrying out Director appointed functions.

Oversee Third Party Risk Management and represent the Bank in the TPRM committee.

Performs all additional tasks as assigned by company management.

POSITION REQUIREMENTS :

SUPERVISORY RESPONSIBILITIES :

EDUCATION & EXPERIENCE

PREFERRED :

PERSONAL RESPONSIBILITIES