We are seeking a Chief Financial Officer/Chief Operation Officer to lead our company! You will help develop and execute the company's strategy and direction.
•Overall Responsibilities as CFO
Perform the full range of managerial duties associated with the Chief Financial Officer function, including complete adherence to all financial planning and accounting policies, practices and procedures of the Bank and its Holding Company in complete adherence to all Bank policies/procedures and applicable state and federal regulations.
Establish and maintain contacts with the Bank and Holding Company’s lending and investment institutions.
•Manage the Accounting, Deposit Operations and Information Technology functions. Ensure that quality service is provided to both the organizations internal and external customers.
•A member of the Bank’s Strategic Planning and Senior Management Committees, Chair the Asset/Liability Committee, Co-Chair the Enterprise Risk Management Committee and Chair the Information Technology Steering Committee.
•Asset and Liability Management as CFO
Appraise the organization’s financial position and issue periodic reports on the organization’s financial stability, liquidity and growth.
•Direct and analyze studies of general economic, business and financial conditions and their impact on the organization’s policies and operations.
•Direct, coordinate the establishment of, and monitor performance in comparison to the organization’s budget.
•Monitor interest margins for loans and deposits by tracking competitor rates, recommending rate strategies and evaluating compliance with ALCO strategies.
•Determine the Bank’s interest rate sensitivity position via an asset and liability simulation model utilizing varying interest rate projections and GAP reports.
Manage daily cash to establish and project the Bank’s cash position and funding requirements.
•Buy and sell short-term funds and repurchase agreements.
•Manage the investment portfolio and purchase and sell securities.
•Maintain fed funds lines and lines of credit arrangements with correspondent banks.
•Monitor cash in-flows/out-flows for potential liquidity challenges.
•Investment Portfolio Management as CFO
Manage excess funds in the investment portfolio to achieve yield and profit targets.
•Recommend strategies to improve interest margins.
•Keep abreast of market conditions.
•Prepare, review and discuss reports that analyze portfolio performance.
•Cash and Float Management as CFO
Identify ways to minimize due-from bank balances and other non-earning assets.
•Monitor daily cash availability.
•Debt and Capital Management as CFO
Calculate minimum risk-based capital requirements and determine whether the Bank and Holding Company are in compliance.
•Prepare financial projections and plans for capital and debt requirements.
•Calculate and evaluate the cost of debt and capital alternatives.
•Information Technology Management as CFO
Oversee and direct the organization’s information technology function. Responsible for contractual arrangements with data service providers and other third party vendors and ensuring quality technology service to both internal and external customers.
•Other Duties as CFO
Direct the Accounting Department in providing and implementing procedures and accounting systems necessary to maintain proper records and to afford adequate accounting controls and services.
•Oversee and direct the preparation and issuance of the organization’s annual audit and tax reporting.
•Analyze issues impacting products, cost centers, the overall organization, etc. and determine their financial impact.
•Assist direct reports in establishing goals and implementing and monitoring the same.
•Develop and maintain a positive and motivational environment so that the staff can effectively accomplish their goals and objectives.
Qualifications: •Previous experience in executive management, particularly in a financial service organization setting (commercial banking preferred) •Strong leadership qualities •Strong integrity and accountability •Strong negotiation skills •Ability to handle pressure •Excellent written and verbal communication skills
West Central Wisconsin Bank of approximately $200,000,000 in assets (headquartered in Tomah, WI). Well respected full service community bank that specializes in the business markets. 46 Employees. 2 locations. Deeply involved in local and area community activities, charities, and events. Aggressive competitor in local and area marketplace.