What are the responsibilities and job description for the Assistant Chief Financial Officer/Chief Investment Officer position at Union State Bank?
Benefits:
- Disability Insurance
- Life Insurance
- ESOP
- 401(k)
- Dental insurance
- Health insurance
- Opportunity for advancement
- Paid time off
- Tuition assistance
- Vision insurance
Position Title: Assistant Chief Financial Officer/Chief Investment Officer
Reports To: Chief Financial Officer
Status: Salary; Exempt
Position Summary: This position is designed as a strategic role to prepare the incumbent for a future CFO role within the bank. The Assistant CFO will work closely with the CFO, gaining in-depth knowledge of financial planning, budgeting, reporting and strategic planning, while also developing leadership and management skills. Ensure the bank’s accounting procedures and reporting conforms to generally accepted accounting principles. Manage the Bank’s Investment Portfolio.
Principal Responsibilities and Duties:
- Assist CFO in carrying out responsibilities.
- Manage the Bank’s investment portfolio.
- Assist in implementing various projects and initiatives.
- Identify, develop, and implement efficiencies in current processes.
- Assist in maintaining CECL and help manage the ACL process.
- Monitor and analyze monthly operating results against budget.
- Recommend benchmarks for measuring the financial and operating performance of the bank and/or branches.
- Development of market performance matrix and Board reporting and dashboards.
- Coordinate the preparation of the bank’s annual budgeting and forecasting process.
- Ensure compliance with local, state, and federal reporting requirements.
- Work with CFO to develop business models to support bank’s strategic plan.
- Assist in establishing short- and long-range bank goals, objectives, policies, and operating procedures.
- Serve on ALCO
- Coordinate, with the CFO, the financial audits and participate in regulatory examinations.
- Provide recommendations for procedural improvements.
- Prepare presentations to support and communicate bank and branch results.
- Oversee the preparation of the monthly ALCO reports.
- Perform other duties as may be required or assigned.
Supervisor Responsibilities: N/A
Education and Experience Requirements: Bachelor’s Degree in Finance, Accounting or Business with strong finance experience. Minimum Five (5) years’ experience in a mid-to-senior level finance, controller or CFO position in Banking required. CPA preferred. Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles. Knowledge of automated financial and accounting reporting systems. High level of technical computer skills and software knowledge. Project management experience is highly valuable. Valid driver’s license is required. Knowledge of federal and state financial regulations
Specific Skills Required: Ability to communicate, written and verbal, effectively with people both internally and externally. High degree of accuracy and attention to detail with the ability to handle multiple tasks and meet deadlines. Ability to identify and resolve problems. Organizational and time management skills. Ability to work with all levels within the organization. Advanced computer skills to include high level of proficiency in Microsoft Excel. Able to handle confidential information and positively represent the company.
Competencies: Communication, strategic thinking, critical thinking, decision making, and analytical.
System Accesses: Fiserv Precision, Microsoft Office Suite, etc.
Equipment Used: Office equipment which includes computer, multi-line phone system, multi-function unit, etc.
Working Conditions: Work is performed in an office environment. Prolonged (90%) sitting and periodic (less than 10% of the time) physical exertion to manually move, lift, carry or push heavy objects or materials weighing up to 50 pounds; Constant and repetitive use of arms and hands below shoulder level for computer usage; This position required the individual to perform normal office activities including, but not limited to, lifting, filing and retrieving, operating office equipment, etc. Travel to other locations will be required.
This job description describes the general nature and level of work performed by the employee assigned to this position. Responsibilities and duties describe those functions considered essential to the performance of the job. This description does not state or imply that these are the only duties and responsibilities assigned to the job. The employee may be required to perform other job-related duties as requested by their supervisor. All requirements are subject to change over time, at the discretion of your supervisor, and to possible modification to reasonably accommodate individuals with a disability.
Union State Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender, identity, age, disability, or status as a protected veteran.
Education and Experience Requirements: Bachelor’s Degree in Finance, Accounting or Business with strong finance experience. Minimum Five (5) years’ experience in a mid-to-senior level finance, controller or CFO position in Banking required. CPA preferred. Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles. Knowledge of automated financial and accounting reporting systems. High level of technical computer skills and software knowledge. Project management experience is highly valuable. Valid driver’s license is required. Knowledge of federal and state financial regulations
Specific Skills Required: Ability to communicate, written and verbal, effectively with people both internally and externally. High degree of accuracy and attention to detail with the ability to handle multiple tasks and meet deadlines. Ability to identify and resolve problems. Organizational and time management skills. Ability to work with all levels within the organization. Advanced computer skills to include high level of proficiency in Microsoft Excel. Able to handle confidential information and positively represent the company.
Competencies: Communication, strategic thinking, critical thinking, decision making, and analytical.
System Accesses: Fiserv Precision, Microsoft Office Suite, etc.
Equipment Used: Office equipment which includes computer, multi-line phone system, multi-function unit, etc.
Working Conditions: Work is performed in an office environment. Prolonged (90%) sitting and periodic (less than 10% of the time) physical exertion to manually move, lift, carry or push heavy objects or materials weighing up to 50 pounds; Constant and repetitive use of arms and hands below shoulder level for computer usage; This position required the individual to perform normal office activities including, but not limited to, lifting, filing and retrieving, operating office equipment, etc. Travel to other locations will be required.
This job description describes the general nature and level of work performed by the employee assigned to this position. Responsibilities and duties describe those functions considered essential to the performance of the job. This description does not state or imply that these are the only duties and responsibilities assigned to the job. The employee may be required to perform other job-related duties as requested by their supervisor. All requirements are subject to change over time, at the discretion of your supervisor, and to possible modification to reasonably accommodate individuals with a disability.
Union State Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender, identity, age, disability, or status as a protected veteran.
