Position Summary: The position of Chief Financial Officer is responsible for the oversight of all bank accounting and asset/liability management activities. This position helps develop and coordinate the bank’s financial plans and budgets for current and future business growth and general economic outlook.
ESSENTIAL DUTIES AND RESPONSIBILITIES: Essential duties and responsibilities are intended to describe those functions that are essential to the performance of this position. It is not stated or implied that these are the only duties assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.
Prepare and coordinate the annual budget with all departments as well as review the day and monthly accounting entries and reports for accuracy and integrity.
Prepare the preparation of the annual financial audit and associated tax returns with internal and external sources.
Lead the Asset/Liability function within the bank including preparation of the Profitstar model and all reports for the ALCO committee.
Prepare and present financial, budgeting, and planning reports to the Board.
Review reports to analyze projections of revenue and profit against actual figures, budgeted expenses against final totals and suggest methods of improving the planning process as appropriate.
Supervise management of the bank’s cash and liquidity positions. Participate in continual improvement of the budgeting process through education of department managers on financial issues impacting their budgets.
Review reports daily to determine bank cash liquidity.
Assists in administering the Bank’s investment of funds including coordinating bond purchases and sales.
Provide strategic financial input and leadership on decision-making issues affecting the organization; i.e., evaluation of potential alliances, acquisitions and/or mergers, and retirement funds and investments.
Be an advisor, from the financial perspective, on any contracts into which the corporation may enter.
Maintains the Bank’s fiscal record keeping system by utilizing generally accepted accounting principles and adheres to tax laws and regulatory compliance to properly reflect the financial position of the Bank.
A 4-year college degree in accounting/finance
CPA license preferred
Post graduate work in an applicable area is a plus
5-10 years accounting or commensurate experience
Preference will be given to those with banking experience
Experience should reflect financial acumen and familiarity with technology
About Iowa State Bank
Iowa State Bank is located in Northwest Iowa and has eight branch locations as well as our affiliates of ISB Wealth Management, ISB Services and ISB Insurance. Iowa State Bank is a growing company with over $689,000.000 in assets and 112 FT and PT employees and offers a full benefit package.