POSITION SUMMARY: Directs and oversees all the financial activities of the organization, including interest rate risk measurement, preparation of financial reports and forecasts, as well as summaries and forecasts for future business growth and general economic outlook. Serves on the Senior Management team to establish long-range goals, strategies, plans and policies. Primary functions for this role include, but are not limited to: corporate governance, budget management, financial analysis, regulatory compliance, strategic advisory, and liquidity management.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Oversee the financial operations of the bank in accordance with polices established by the board of directors (BOD) and regulatory requirements and ensure accounting procedures are in compliance with Generally Accepted Accounting Principles (GAAP)
Chair Asset Liability Committee (ALCO) and oversee Asset Liability and Funds Management to establish and maintain contingency funding plans including adequacy and availability of funding sources
Manage the Bank’s interest rate risk position and ensure compliance with all policy and regulatory requirements by overseeing interest rate risk modeling, including Interest and Economic Value simulations to ensure the model assumptions are well supported and documented
Monitor the Bank’s balance sheet and capital levels, ensure capital conforms to Bank Policy and regulatory requirements and advise Bank leadership, board and ownership of any changes that may impact capital levels.
Lead the Bank’s Pricing Committee and provide guidance on loan and deposit pricing strategies and provide recommendations on rate and composition adjustments to balance sheet that are appropriate with economic conditions
Manage all aspects of the Bank’s investment portfolio from strategy to execution and analysis
Develop, implement and monitor financial institution fiscal plans, ongoing forecasts, budgets and policies
Oversee the annual audit of the bank’s parent company and review audited financial statements and related footnote disclosures under FDICIA independence
Review the bank’s quarterly call report and other regulatory reports ensuring accuracy and timely reporting
Manage existing and potential new vendor relationships related to the finance function
Engage with peers, vendors, regulators and outside professionals to stay abreast of current trends and innovations applicable to the banking environment.
Manage assigned personnel providing an environment to drive maximum performance and consistently modeling the bank’s core values.
Maintain education and professional expertise through attendance at job related seminars, conferences and workshops, and involvement in professional civic and community groups in leadership positions.
Comply with all banking regulations, policies, and procedures.
Other duties as assigned.
DESIRED KNOWLEDGE, SKILLS, & ABILITIES
Previous work history in financial institution, accounting and auditing operations, and policies and procedures related to procurement
High level analytical, communication, and presentation skills
Knowledge of federal, state, and local tax laws and regulatory requirements
Advanced knowledge of Microsoft Office Excel/Access
Ability to develop and maintain positive and effective relationships with coworkers, internal and external auditors, regulatory agencies, correspondent banks, and others
Education: Bachelor’s degree in accounting or Finance is required. CPA and/or Master’s Degree in Finance/Accounting/Business Administration is strongly preferred.
Experience: A minimum of ten years of experience in accounting and/or auditing, preferably in banking, with extensive administrative experience or an equivalent combination of education and work experience.
About First Security Bank & Trust
500 MM+ bank with 13 locations in North Iowa. Locally owned and managed.