Chief Financial Officer

FinanceInfos; Attica (OH); Sur place; USD 180 000 - 240 000; Plein temps

Avantages offerts par ce poste

401k with ESOP

Bonus

Life, STD, LTD

Medical, Dental, Vision Day 1

Sick leave

Vacation

Résumé du poste

Sutton Bank in Attica, OH is seeking a Chief Financial Officer to lead the bank’s financial health, long-term planning, budgeting, forecasting, and strategic investments, ensuring regulatory compliance and strong internal controls.

You will oversee the balance sheet, manage the investment portfolio, guide the finance team, and collaborate with the CEO and board to align financial goals with growth strategies.

Qualifications

• Bachelor's Degree in Accounting; CPA required.
• 10+ years of finance leadership experience in a financial institution.
• Deep knowledge of GAAP and regulatory standards.
• Certified Public Accountant (CPA) required.

Responsabilités

• Analyzes financial information, cash flow, and industry trends to increase profitability.
• Oversees treasury management and budgeting processes.
• Prepares financial statements, reports, and regulatory filings (Call Reports).
• Manages balance sheet funding and liquidity to meet regulatory requirements.
• Leads the accounting and finance team and mentors staff.
• Provides strategic financial input to CEO and other executives.

Connaissances

Leadership

Financial analysis

Strategic planning

Regulatory knowledge

Communication

Problem solving

Team management

Written reporting

Formation

Bachelor's Degree in Accounting

Master's degree (preferred)

Description du poste

Job Highlights

• Title: Chief Financial Officer
• Type: Full Time
• Experience: 10 Years
• Function: Finance
• Location: Attica, OH, United States
• Company: Sutton Bank

Company Profile

Sutton Bank offers a full range of financial services, including personal and business banking, lending, and digital solutions. It helps clients manage and grow their finances securely.

Job Profile

The bank is looking for a Chief Financial Officer who will be responsible for the entire financial health of the organization and direct the Bank's financial planning, including long-term strategy, budgeting, forecasting, and investment decisions.

Oversees the Bank's balance sheet, managing the investment portfolio to optimize returns while ensuring liquidity and capital adequacy, and making strategic decisions regarding other business opportunities and investments are crucial aspects of this role.

Identifies, assesses, and mitigates financial risks, such as interest rate risk, liquidity risk, and credit risk, that are essential to safeguarding the Bank's stability and reputation.

Ensures strict adherence to relevant banking regulations, including Reg W and other compliance standards.

Directs all aspects of financial reporting, including preparing financial statements, board reports, and regulatory filings (like Call Reports), and ensuring the accuracy and timeliness of these reports.

Optimizes cash flow, managing accounts payable and receivable, and ensuring adequate funding sources to meet operational and regulatory requirements.

Leads and mentors the accounting and finance team, fostering their professional growth and ensuring teamwork.

Collaborates with other executives, including the CEO, to inform decision‑making, drive growth and profitability, and ensure that financial goals are aligned with overall business objectives.

Education Level

• Bachelor's Degree in Accounting
• Master's (preferred)

Work Experience

• At least 10 years of finance experience in a leadership role to include the management of an accounting/finance department in a financial institution.
• Must have a thorough knowledge of GAAP, financial accounting standards, and applicable federal and state regulations.

License/Certification

• Certified Public Accountant (required)

Duties/Responsibilities

• Analyzes financial information, cash flow, market data, and industry trends to determine effective cost-effective measures and pricing strategies to increase profits.
• Assists HR in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff.
• Assists the payments and prepaid card division with Treasury Management activities, as well as accounting and analysis for the division.
• Coordinates the on‑balance sheet funding for the institution and monitors the liquidity and cash position of the Bank.
• Coordinates the preparation of financial statements, reports, and tax filings.
• Develops and maintains budgeting systems to provide financial projections and control expenditures; recommends budget policies and procedures.
• Develops proposals for alternatives to funding and spending decisions to make optimal use of funding alternatives.
• Ensures compliance with FDICIA, oversees internal controls over financial reporting.
• Interfaces with the community and industry at large.
• Manages the interest rate risk of the balance sheet, along with chairing the Asset/Liability committee.
• Members of various internal committees.
• Monitors Bank performance in regards to the annual budget. Determines industry trends and responds to changes in the market to maintain profitability.
• Monitors capital adequacy, asset quality, interest rate/net earnings at risk, and liquidity.
• Oversees all financial and accounting functions and staff within the Bank to include ALM, AP, AR, budgets, CECL, G/L, financial analysis, financial reporting, recordkeeping, investments, and all related functions.
• Oversees and manages the Bank's investment portfolio that provides liquidity and safety while optimizing earnings.
• Partners with HR in recruitment efforts, as well as managing performance, to include but not be limited to: corrective action or development plans, evaluating performance and developing staff members, identifying training needs and performance issues.
• Plans, prepares, and oversees the annual budget. Utilizes cost accounting measures to determine line of business and department budgeting. Establishes and maintains strong financial controls to manage operational expenses.
• Provides strategic business guidance to department heads. Assists in the negotiation of vendor contracts, projects, and business endeavors. Oversees renewal of corporate insurance policies.
• Provides strategic financial input and leadership on decision‑making issues and initiatives affecting the organization.
• Responds to audit findings. Formulates and implements solutions to rectify issues.

Skills/Knowledge/Abilities

• Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to solve problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
• Ability to work with mathematical concepts such as probability, statistical reference, fundamentals of finance, economics, and accounting. Ability to apply mathematical concepts to practical situations.
• Deep understanding of the banking industry and its regulations.
• Excellent interpersonal skills.
• Must have the ability to analyze and solve complex problems, and develop automated systems.
• Strong knowledge of the business area(s) that are being supported.
• Strong leadership skills.
• Technical writing, to include reports, procedure manuals, and articles for publication.
• The ability to communicate effectively, both in verbal and written communications, as well as present information to groups of managers, employees, customers, and the general public.
• The ability to manage multiple tasks.
• The ability to read, analyze, and interpret financial statements, government regulations, professional journals, etc.

Working Conditions

• Attends meetings regularly
• Handles high‑pressure decisions
• Uses computers and financial tools
• Works in office settings
• Works long hours at times

Benefits/Perks

• 401k, ESOP w/Match
• Bonus
• Life, STD, LTD
• Medical, Dental, Vision: Day 1
• Sick
• Vacation

Employer’s Statement

Sutton Bank is an Equal Opportunity Employer.