The CFO is an executive level position and the sole individual responsible for complete oversight of all financial accounting functions of the bank. The CFO will have additional responsibilities for IT oversight and certain operational functions, including data processing.
The CFO will:
Prepare the annual budget in coordination with all departments, offices, and subsidiaries and present to the Board of Directors for final approval.
Assemble and analyze future budgeting models for short and long term financial planning for the bank and subsidiaries, including acquisition and/or de novo branch opportunities.
Implement branch accounting system that tracks company-wide overhead and funds transfer pricing related to deposits & loans.
Analyze strategies to improve financial efficiency of the bank and subsidiaries, including pricing and net interest margin strategies, non-interest income & expense strategies.
Supervise the preparation of the quarterly call report.
Monitor capital in the bank and holding company, maintain the bank’s capital plan and impose capital strategies supporting sustained growth objectives in the bank’s operating plan.
Assist with long term strategic planning and risk management, specifically as they relate to the bank’s long term and tactical goals, facilities management and expansion strategy.
Understand tax planning and its ramifications for the bank and holding company.
Coordinate the preparation of the annual financial audit, associated tax returns, and policy/procedure reviews with internal and external sources.
Supervise the Information Technology department and IT contractors outside of the bank.
Provide support in vendor management, including all contract negotiations for bank functions.
Lead the Asset/Liability function including preparation of the Profitstar model and all reports for the ALCO committee.
Monitor, analyze and report bank liquidity daily.
Evaluate and recommend funding strategies allowing the bank to compete effectively for changing customer demands, including long term fixed rate pricing.
Manage the bank’s investment portfolio in a manner that enhances return within the guidelines of bank’s risk management policy.
Provide expertise as it relates to profitability analysis for product and services development, along with profitability analysis at the branch, customer and banker level.
Represent the bank professionally and enthusiastically in civic organizations.
Support the vision, values, long term goals and ongoing endeavors of the bank.
Attend banking conferences and continuing education courses.
Be an effective communicator with all areas of the bank.
Provide leadership in all operational aspects of the bank, especially in the oversight of direct reports
Oversee Compliance/BSA function of the bank in coordination with CEO and Audit Committee.
Perform other duties as requested or assigned.
A 4-year college degree in an applicable area-Accounting/Finance
Post graduate work in an applicable area is a plus (MBA or CPA)
10 years banking/applicable business experience
5 years accounting or finance experience
Experience should reflect financial acumen and familiarity with technology
Leadership and supervisory experience
About Green Belt Bank & Trust
Green Belt Bank & Trust is a progressive bank in north central Iowa with a focus on strategic growth.