Chief Financial Officer

The Chief Financial Officer (CFO) directs the bank's financial goals, policies, and practices. Reporting directly to the Chief Executive Officer (CEO) and the Board of Directors, the CFO ensures the bank’s financial health, manages liquidity, and oversees all regulatory reporting. In a community bank, this is a hands-on, strategic role that blends financial oversight with community-focused leadership.

• Manage the monthly, quarterly, and annual financial close process.
• Prepare accurate financial statements and reports for the Board of Directors, executive team, and regulators.
• Oversee accounts payable, payroll, and general ledger reconciliation.
• Ensure all accounting practices follow GAAP (Generally Accepted Accounting Principles).

• Chair or co-chair ALCO (Asset and Liability Committee) to manage bank's balance sheet, interest rate risk, and liquidity.
• Monitor net interest margin, optimize deposit pricing, and manage investment portfolios.
• Develop strategies to protect the bank against interest rate fluctuations and market changes.

• Oversee the preparation and timely filing of regulatory reports (e.g., Call Reports, FR Y-9C).
• Serve as primary liaison for internal and external auditors, as well as state and federal examiners (FDIC, State Banking Departments).
• Ensure strict compliance with banking laws, regulations, and internal controls.

• Lead the annual budgeting process and ongoing financial forecasting.
• Analyze the bank’s financial strengths and weaknesses, proposing corrective actions where necessary.
• Partner with the executive team on long-term growth plans, branch expansions, or new product offerings.
• Manage, mentor, and evaluate the accounting and finance team.
• Collaborate with other departments (Lending, Operations, IT) to support overall bank performance.

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• Master’s degree CPA certification MBA and CFA certifications preferred.
• 10+ years of progressive financial experience in the banking industry, with at least 5 years in a senior leadership role.

• Deep understanding of community banking operations, loan products, and deposit operations.
• Strong knowledge of bank regulatory requirements and call reporting
  .
• Advanced analytical and problem-solving skills.
• Excellent communication skills to present complex financial data to non-financial board members.
• High ethical standards and strict adherence to confidentiality.

For a community bank, a CFO’s Key Performance Indicators (KPIs) center on profitability
, efficiency
, asset quality
, and liquidity
. Because community banks rely heavily on lending and local deposits, a CFO must closely track how well the bank balances risk against growth. Here are the most important KPIs to track:

• Net Interest Margin (NIM): The difference between the interest a bank earns on loans and the interest it pays to depositors, divided by total earning assets. This is the primary driver of a bank's core earnings.
• Return on Assets (ROA): Net income divided by total assets. This measures how effectively the CFO is using the bank’s resources to generate profit.
• Return on Equity (ROE): Net income divided by total shareholders’ equity. This tells investors how much profit is generated from the money they have invested.
• Yield on Earning Assets: The average return the bank receives on its loans and investment securities

• Efficiency Ratio: Non-interest expenses divided by total revenue. It shows how much it costs to generate a dollar of revenue. For community banks, a lower ratio means better performance.
• Cost of Funds: The interest paid to borrow money (from depositors or other banks) divided by total liabilities.
• Non-Interest Income to Total Revenue: The percentage of revenue coming from fees (like checking fees and wealth management) rather than interest.

• Loan-to-Deposit (LTD) Ratio: Total loans divided by total…