De novo bank Chief Financial Officer (Los Angeles, CA)
Description
SUMMARY The Chief Financial Officer is responsible for reporting, planning, and managing all of the Bank?s fiscal operating results utilizing generally accepted accounting principals, cost accounting principals, budgeting techniques, and producing and delivering regulatory agency and government reports on scheduled deadlines, and ensuring the safeguard of Bank assets. Counsels senior management on fiscal control and profitability; prepares, presents and interprets financial reports to senior management; adheres to tax laws and regulatory compliance to properly reflect the financial position of the Bank. Directs accounting department activities; provides leadership, training and supervision within the department; provides a high level of customer relations and service; and ensures compliance with Bank policies and procedures. The position of Chief Financial Officer assists in attaining established Bank and department financial goals. Hires and performs supervisory duties with regards to department staff, coordinates staff for coverage in all related areas of the department. Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations, as they would apply to a capitalized De Novo Bank with initial equity capital of approximately $15 million to $20 million. The Chief Financial Officer will serve the Bank as a consultant until the Bank receives charter approval by the O.C.C., at which time the consultant will serve as the Bank?s full-time Chief Financial Officer. As a condition of both the candidate?s consultancy and promotion to Chief Financial Officer, the candidate must achieve and maintain acceptability and approvability by the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and/or any applicable state regulatory banking agency with regards to a position as CFO of a De Novo Bank. ESSENTIAL DUTIES 1. Provides supervision and support to all areas of of responsibility; oversees activities of personnel. 2. Sup ervises the following accounting functions, including but not limited to: ? General Ledger ? Accounts Payable/Receivable ? Payroll Administration ? Benef its Administration ? Development and implementation of systems and procedures to maintain proper financial records. ? Computation of Federal Reserve Bank Reserves 3. Directs the preparation of all financial reports, including income statements, balance sheets, reports to shareholders, tax returns, and reports for government regulatory agencies. 4. Oversees accounting departments, budget preparation, and audit functions; meets regularly with supervisors to keep informed and to offer direction. 5. Reviews reports to analyze projections and sales and profit against actual figures, budgeted expenses against final totals; suggests methods of improving the planning process as appropriate. 6. Analyzes Bank operations to pinpoint opportunities and areas that need to be reorganized, down-sized, or eliminated. 7. Confers with senior management to coordinate and prioritize planning. 8. Studies long-range economic trends and project company prospects for future growth in overall sales and market share, opportunities for acquisitions or expansion into new product areas; estimates requirements for capital, land, buildings, and an increase in the work force. 9. Supervises investment of funds. 10. Develops, tests and implements policies and procedures (manual and computerized) pertaining to the maintenance of accurate accounting records and report preparation. 11. As sures audit compliance and procedure quality control are maintained for the department and Bank; reviews, recommends and initiates corrective actions; oversees certification and audit activities for all branches and departments; and ensures department is in compliance with established Bank policies, procedures and state and federal regulations. 12. Prep ares annual budget projections based on input from executives; reviews expenditures to ensure compliance with budgets; and notifies appropriate executive(s) in the event expenditures exceed budgets. 13. Reviews and approves invoices and checks prior to signature to ensure security of Bank funds. 14. Oversees and/or performs payroll processing functions to ensure time records are maintained; ensures pay is accurately calculated and proper deductions are made; and is responsible for functions relating to check preparation and distribution as scheduled. 15. Maintains advanced knowledge and awareness of financial industry status and trends. 16. Responds to inquiries or refers inquiries to the appropriate department or person, and exhibiting the necessary follow through with customers and/or staff involved. 17. Provid es supervision and support to all areas of the department where service or assistance is needed; oversees activities of assigned department personnel; opens and closes the department. 18. Monitors staff in daily tasks, operations and quality control; ensures the organization of assigned areas of the department, coordinating available resources (e.g., staff, materials, etc.) for maximum results. 19. Consist ently applies superior decision making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development. 20. Assumes responsibility for special projects; gathers data and prepares reports for the Board of Directors and other members of Senior Management, audits and other personnel. 21. Plays a positive role in the development and growth of assigned department staff through excellent communication skills, both verbal and written, along with strong delegation skills assuring a highly cross-trained staff. 22. Performs personnel actions including performance appraisals, disciplinary actions, and interviewing candidates for employment; supervises the daily activities of the department including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training. 23. Pro cesses, solves and answers complex customer transactions, problems or inquiries. 24. Processes account activity, determine balances and resolve problems within given authority. 25. Demonstrat es knowledge of and adherence to EEO policy. SECONDARY DUTIES The position of Chief Financial Officer performs duties specific to the position and other functions as assigned. SUPERVISORY RESPONSIBILITY The position of Chief Financial Officer is responsible for the supervision of employees, and carries out supervisory responsibilities in accordance with the Bank s policies and applicable laws, ensuring adherence to EEO guidelines. MINIMUM REQUIREMENTS Thes e specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines. ? Bachelor?s degree from an accredited college or university, an MBA from a highly-rated business school and/or CPA license, and/or more than 20 years of related experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of an in-depth background in accounting, finance, management and supervisory skills. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be applicable to finance executive management in the commercial banking industry. ? Advanced experience, knowledge and training in progressively responsible branch or department operations, management and supervisory activities. ? Intermediate knowledge of general accounting, payroll, budgeting, and related accounting and record keeping systems in a financial institution. ? Advanc ed knowledge of related state and federal banking compliance regulations, and Bank accounting policies and procedures. ? Advanced skills related to the consolidation and reporting of Bank financial results, and formulation and implementation of Bank accounting procedures. ? Intermediate knowledge of human resource labor laws and policies. To apply send resume, cover letter and salary requirement, in confidence, to 109981@myrecruitmentads.com
Announcement ID: #143683
Published on 01-14-2009
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Contact
- Type of sale:A la Compra
- Estado:Excellent