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CHIEF FINANCIAL OFFICER: BASIC FUNCTION

OUR MISSION:

Financial security. Community reinvestment.

OUR PURPOSE:

To support our local communities in which we live and work, stimulate the growth of our customers' businesses and personal endeavors, and provide financial services, security and advice to our customers and community.

CHIEF FINANCIAL OFFICER JOB RESPONSIBLITIES:

Under the direction of the President & CEO and Board of Directors, perform the full range of responsibilities associated with the management and oversight of the financial and operational aspects of the Bank including, but not limited to:

• Asset and Liability Management
• Liquidity Management
• Investment Portfolio Management
• Cash and Float Management and Debt and Capital Management
• Management of the Accounting, Deposit Operations
• Information Technology functions and providing quality service to both the Bank’s internal and external customers.
• Assist with the Bank’s Holding Company
• Complete adherence to all Bank policies/procedures and applicable state and federal regulations.

CHIEF FINANCIAL OFFICER: Overall Responsibilities

Manage 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

• Appraise the organization’s financial position and issue periodic reports on the organization’s financial stability, liquidity and growth.
• 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.

Liquidity Management

• 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.

Investment Portfolio Management

• Manage excess funds in the investment portfolio to achieve yield and profit targets.
• Recommend strategies to improve interest margins.

Cash and Float Management

• Identify ways to minimize due-from bank balances and other non-earning assets.
• Monitor daily cash availability.

Debt and Capital Management

• 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

• 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.

CHIEF FINANCIAL OFFICER: Other Duties

• 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.

Equal Opportunity Employer

CHIEF FINANCIAL OFFICER: KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED TO PERFORM JOB:

• Attainment of this position may be contingent upon successful mastery of the skills and responsibilities to include Controller, if currently employed in this position, and 8 to 10 years prior financial institution controller, financial reporting, regulatory, accounting, investment, internal audit, information technology, and supervisory experience prior to attainment of this position.
• Excellent verbal and/or written communication skills as evidenced by the ability to interact both face-to-face and over the telephone with customers and co-workers. Demonstrated ability to use tact, diplomacy, and a "professional" personal appearance, when dealing with customers, vendors and co-workers.
• Ability to impart knowledge of tasks to be performed to staff trained, and identify learning/performance deficiencies, performing remedial training as necessary.
• Demonstrated leadership and motivational skills/abilities and ability to create an environment that will allow for the motivation of individuals and groups toward the achievement of individual and group goal accomplishment.
• Ability to manage multiple tasks simultaneously in a fast paced environment and assist at other locations as called for.
• MBA specializing in accounting or finance.

Equal Opportunity Employer

About State Bank of Reeseville / Watertown

Chartered in 1902, and still going strong. State Bank of Reeseville / Watertown is a tried and true independent community bank. We are all about Relationship Banking with a Personal Touch, Investing in our Communities providing Service and Value to our Customers. We will stop at nothing to guarantee a secure, efficient and personable banking experience. We strive to remain independent so we may deliver the superior quality of service you deserve. Locally Owned, Locally Operated! This means our financial products and services are specially tailored to meet the needs and interests of our customers! It also means that every decision we make, is made with the customer's best interest at heart. Our directors and staff are always eager to hear your input, and are easily accessible with the decisions that are made right here!

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