Director of Finance

Job Type

Full-time

Description

SUMMARY

For those seeking to deliver the latest financial solutions rooted in trustworthy, high-quality service, Charlesbridge, a mutual bank holding company, provides the operational support, resources, legacy, and innovative thinking to financial institutions so they can deliver a suite of flexible, personalized solutions designed to meet the evolving needs of our clients and our communities. Our local roots, dedication to the communities we serve, loyalty to our people, and commitment to excellence ensure that we remain a trusted partner in an ever-evolving financial journey, today and tomorrow. While our employees are committed to helping our clients, we are committed to our employees. To support our employees, we offer a competitive benefit package with Medical, Dental, Vision, Flexible Spending, Tuition Reimbursement, Childcare Subsidy, Retirement, Life Insurance, and many other benefits.

The Director of Finance directs the day-to-day operations of and manages the accounting and financial reporting related to the investment portfolios, wholesale funding and other treasury management functions of Charlesbridge Group. The Director of Finance oversees investment portfolio, wholesale funding and hedging activities in addition to quarterly Asset-Liability and Funds Management reporting for Charlesbridge Group and its affiliate banks. The Director of Finance will assist the Director of Accounting with the preparation and review of regulatory reports, monthly and annual financial reports, and the annual budget process for Charlesbridge Group and its affiliate banks. This role manages the finance team and has responsibility for coordinating the ALCO meeting agendas and ensuring minutes of ALCO meetings are accurate and prepared in a timely manner.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Manage Finance Department including planning, assigning, and directing work; appraising performance; addressing complaints and resolving problems.
• Research and interpret new accounting and regulatory pronouncements that impact Finance area functions. Determine their financial and operational impact on the organization.
• Develop and implement new finance-related accounting policies and procedures within the organization by working with other business line leaders where necessary.
• Review and revise finance policies and procedures when changes are warranted.
• Oversee the daily, month-end, and quarter-end finance processes for all entities.
• Review financial results for reasonableness.
• Investigate and report on variances.
• Review and discuss finance reports and results with Deputy CFO and CFO / COO.
• Oversee the production of management, board, and regulatory finance reports.
• Assist in the production of annual audited financial statements and footnotes with external auditors.
• Collaborate with the Director of Accounting in the preparation of the annual budget.
• Produce a budget for finance that includes any request for capital expenditures and / or additional staffing needs.
• Supervise the production of investment reports for management and boards.
• Work with Investment vendors to ensure policies are adhered to and services are provided in safe, sound and operationally efficient manner.
• Ensure investment accounting practices follow current GAAP.
• Ensure that finance-related software and vendors are appropriate for the size and complexity of the organization.
• Research new software and vendors and make recommendations to change or acquire when needed.
• Oversee the implementation / conversion of software when necessary.
• Provide ALM data to ALM third-party service provider(s) to produce quarterly ALM report package. With input from the Deputy CFO & CFO / COO reviews key model assumptions and model construction to ensure IRR, Liquidity, and Capital risks are appropriately measured and captured for the holding company and affiliate banks.
• Monitor FHLBB collateral levels to ensure borrowing capacity is sufficient at affiliate banks. Work with Deputy CFO and CFO / COO to secure term wholesale funding as needed.
• Oversee activities of the finance staff. Develops and ensures their effectiveness by providing educational, training, and special project opportunities to the staff.
• Conduct performance reviews, and provides advice and guidance as needed.
• Ensure that finance operations comply with applicable laws, regulations, and accounting standards.
• Continuously researches opportunities to improve efficiencies within the finance function, the department and organization.
• Understand department operating metrics and continue to improve bank efficiencies.
• Performs any functions necessary, within the scope of authority and expertise, to provide the highest level of service and responsiveness to internal Bank customers.
• Complete all internal Company training as assigned and required.
• Adhere to the Company's privacy and data security policies including but not limited to safeguarding of sensitive information and complying with relevant regulations to protect non-public information.
• Exhibit the ability and desire to embrace and enhance the Company culture.

Consider this description to be the foundation of your job, not its boundaries. Expect to participate in internal and external training sessions and activities not described here which enhance the quality of service to the client.

SUPERVISORY RESPONSIBILITIES

Two direct reports.

Requirements

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and / or EXPERIENCE

SKILLS

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to sit and talk or hear. The employee is occasionally required to stand, walk; use sufficient hand, arm and finger dexterity or feel objects, tools, or controls. The employee must occasionally lift and / or move up to 10 pounds. Specific vision abilities required by this job include close vision.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

KEY POINTS

Charlesbridge is committed to providing equal opportunity for all employees and applicants without regard to race, color, religion, gender, sexual orientation, age, marital status, national origin, physical or mental disability, veteran or disability status, gender identity, or expression, citizenship, genetic information, ancestral origin, military status, pregnancy, childbirth, and or conditions relating to pregnancy or any other related medical conditions or any other status protected by Federal, State or local laws.

Here at Charlesbridge, we strive to foster a culture where every voice is valued and where employees have a sense of belonging and connection with each other. We are dedicated to creating a work environment that understands, supports, and welcomes diverse perspectives and backgrounds. Together, we will create an inclusive and culturally competent and supportive environment where employees model behavior that enriches both Banks and the communities we support.

EOE / F / M / Vet / Disabled

Salary Description

145K - $180K

Salary : $145,000 - $180,000