Chief Financial Officer

The Chief Financial Officer (CFO) is a member of the Bank’s Executive Committee, reports directly to the President & CEO and is generally responsible for the financial reporting and management of the Bank. CFO is responsible for adherence to all FIL’s pertaining to accounting, securities, or other matters related to financial reporting and management. Performs direct supervisory duties of accounting support staff.

Assumes responsibility and is accountable for adherence to Bank policies and procedures, as well as all applicable state and federal laws and regulations pertaining to employment and banking.

• Member of Executive Committee
• 1. Participates willingly, assertively and helpfully in all matters that come before the Executive Committee, taking responsibility for assigned areas of the Bank.
• 2. Earns and maintains the confidence of other Committee Members by his/her ability to manage the Bank’s finances.
• 3. Works with other Committee Members to address challenges and manage the affairs of the Bank.
• 4. Responsible to act as a role model; professionally and consistent with Summit’s Mission, Vision and Core Values. Board members, shareholders and others outside the Bank think highly of Summit Bank through words and actions of Chief Financial Officer.
• 5. Participates and contributes to the Bank’s Strategic Planning and Budgeting processes for assigned areas of responsibility. Effectively manages budgets and targets for assigned areas of responsibility.
• 6. Participates in enterprise risk assessment management, business continuity and disaster recovery planning, and vendor management and selection as it relates to assigned areas of responsibility.

• 1. Responsible to prepare timely, complete, and relevant monthly and quarterly financial reports for presentation to the Board, including but not limited to:
  Balance Sheet, Income Statement, Non-Interest Expense, Deposit Summary, Investment Summary and Activity, Selected Ratios, and Peer Comparisons.
• 2. Manages Interest Rate Risk Sensitivity model & testing. Completes all necessary tests to be in compliance with FDIC guidelines, including third party testing if required.
• 3. Manages liquidity model & testing. Completes all necessary tests to be in compliance with FDIC guidelines, including third party testing if required.
• 4. Conducts internal and external analyses to evaluate local rate environment and recommends changes to Summit’s rates and rate philosophy based on market conditions and the Bank’s strategic objectives and values.
• 5. Responsible for timely, accurate filing of all FDIC Call Reports and other financial reports to regulatory and tax agencies ensuring the Bank is assessed no fines from regulatory agencies or others due to problems with reports.
• 6. Works directly with President & CEO and Executive Committee to prepare annual budgets and long term projections for presentation to and approval by the Board.
• 7. Responsible for ensuring the Bank is adequately covered by insurance prudent and required by regulation. Makes annual recommendation to Board for insurance coverage.
• 8. Develops and implements Accounts Payable policies and procedures ensuring that Vendors are paid in a timely manner, and payments are made in accordance with the Bank’s intentions.
• 9. Maintains understanding of UBPR data of Summit and its peers and communicates appropriate and helpful information to Executive Team.
• 10. Responsible to oversee year-end financial audit and tax return preparation.

• 1. Works directly with third party service providers, including but not limited to: BIG, Vining Sparks, PCBB, FHLB, etc. ensuring good relationships so that services are provided without break and as needed, and so support is…