Chief Financial Officer (CFO)
Watseka, IL location
JOIN A HIGH PERFORMING COMMUNITY BANK
The First Trust and Savings Bank (FTSB), a locally owned financial institution in east-central Illinois, has an excellent opportunity for an experienced professional to join our financial institution as the Chief Financial Officer (CFO). Established in 1909, FTSB provides financial services to local communities in Iroquois and surrounding counties.
We are currently accepting applications/resumes to replace a retiring CFO. This position is responsible for directing the financial functions of the organization in accordance with generally accepted accounting principles along with practices appropriate for the banking industry.
The CFO is directly responsible for the financial activities of the bank and its parent, the bank holding company. This position oversees all accounting and financial reporting, budgeting, regulatory reporting, financial planning, policies, and procedures including accounts, operations, financial systems, investment activities, funds management, budgeting process/tracking and financial audit. The CFO is an active participant in bank operations, including the supervision of the Operations Manager who is responsible for deposit operations, data processing, bookkeeping, and teller functions.
This position requires compliance with all bank policies and procedures, as well as all applicable state and federal banking regulations, including BSA/AML.
Primary Duties and Responsibilities
Accounting Functions
- Investment accounting/bookkeeping - posting, balancing, etc.
- Coordinate with senior management and prepare annual budget
- Responsible for bank’s Statement of Condition and Income Statement
- Work with outside auditors and accountants as needed
- Provide accounting and ancillary information for bank exams
- Manage subsidiary ledgers for tax accruals, depreciation, prepaid expenses, etc.
- Monitor capital contingency planning
- Monitor and control the non-interest costs of the bank and ensure compliance through established guidelines
Financial Reporting
- Call Report preparation
- Asset/liability management (ALM) monitoring/reporting
- Preparation of monthly charts and graphs for CEO and Board
- IRS forms prep/reporting (1099 etc.)
- Proficiency with all HR practices and employment form filings
“Bank Operations” Management
- Detailed knowledge of bank’s core operating system and other banking/processing software packages
- Review/sign expense checks (as internal control)
- Review/sign internal account reconciliations at least monthly
- Assist other managers and staff with compliance, marketing, etc.
- Assist all staff as needed to elevate customer service
- Supervise Operations Manager and assist tellers and bookkeepers as needed
- Assist with monitoring/purchasing of critical and other supplies
- Maintain electronic and other equipment in bank, including repairs and replacements, and assist with general maintenance of facilities
First Trust Holdings Treasurer
- Maintain accounting and provide reports for holding company
- Preparation of holding company official filings (FR-Y9, etc.)
Bank Committees
- Prepare materials and minutes for ALM Committee meetings
- Prepare minutes for Audit functions at Board meetings
- Participate in meetings as assigned
Senior Management Assistance
- Help with product/service development and other marketing initiatives
- Assist with strategic planning and related action plans
- Work with CEO and Executive Administrative Assistant on HR issues, including HR Policy enforcement, time & attendance, benefits, etc.
- Create and edit various bank policies as needed
- Provide CEO with statistical and other reports for research & development, audit, etc.
Qualifications and Requirements
- Bachelor's degree in accounting/finance/business management or related field
- 5+ years’ experience in financial reporting, accounting, general ledger, financial systems forecasting/budgeting, and preparation of all financial reports
- Accomplished leadership skills, including the ability to supervise, motivate and train employees
- Executive-level experience preferred with emphasis in the areas of financial planning, reporting, asset/liability, and securities portfolio management
- Excellent analytical, organizational, and detail-oriented skills; strong communication skills, both oral and written; and strong management/interpersonal skills
- Flexible and results-oriented with strong problem-solving and decision-making skills
The First Trust and Savings Bank offers a competitive compensation and benefits package.
Qualified candidates should submit a resume online to
careers@ftsbank.com.
No telephone calls, please.
The First Trust and Savings Bank is an equal employment opportunity employer. We adhere to a policy of making employment decisions without regard to race, color, religion, sex, marital status, sexual orientation, national origin, citizenship, age or disability. We assure you that your opportunity for employment with The First Trust and Savings Bank depends solely on your qualifications.