Chief Financial Officer

• Title:
  
  Chief Financial Officer
• Type:
  Full Time
• Experience:
  
  10 Years
• Function:
  Finance
• Location:
  
  Attica, OH, United States
• Company:
  Sutton Bank

Sutton Bank offers a full range of financial services, including personal and business banking, lending, and digital solutions. It helps clients manage and grow their finances securely.

The bank is looking for a Chief Financial Officer who will be responsible for the entire financial health of the organization and direct the Bank's financial planning
, including long-term strategy, budgeting, forecasting, and investment decisions.

Oversees the Bank's balance sheet, managing the investment portfolio to optimize returns while ensuring liquidity and capital adequacy, and making strategic decisions regarding other business opportunities and investments are crucial aspects of this role.

Identifies, assesses, and mitigates financial risks, such as interest rate risk, liquidity risk, and credit risk, that are essential to safeguarding the Bank's stability and reputation.

Ensures strict adherence to relevant banking regulations, including Reg W and other compliance standards.

Directs all aspects of financial reporting, including preparing financial statements, board reports, and regulatory filings (like Call Reports), and ensuring the accuracy and timeliness of these reports.

Optimizes cash flow, managing accounts payable and receivable, and ensuring adequate funding sources to meet operational and regulatory requirements.

Leads and mentors the accounting and finance team, fostering their professional growth and ensuring teamwork.

Collaborates with other executives, including the CEO, to inform decision‑making, drive growth and profitability, and ensure that financial goals are aligned with overall business objectives.

• Bachelor's Degree in Accounting
• Master's (preferred)

• At least 10 years of finance experience in a leadership role to include the management of an accounting/finance department in a financial institution.
• Must have a thorough knowledge of GAAP, financial accounting standards, and applicable federal and state regulations.

• Certified Public Accountant (required)

• Analyzes financial information, cash flow, market data, and industry trends to determine effective cost-effective measures and pricing strategies to increase profits.
• Assists HR in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff.
• Assists the payments and prepaid card division with Treasury Management activities, as well as accounting and analysis for the division.
• Coordinates the on‑balance sheet funding for the institution and monitors the liquidity and cash position of the Bank.
• Coordinates the preparation of financial statements, reports, and tax filings.
• Develops and maintains budgeting systems to provide financial projections and control expenditures; recommends budget policies and procedures.
• Develops proposals for alternatives to funding and spending decisions to make optimal use of funding alternatives.
• Ensures compliance with FDICIA, oversees internal controls over financial reporting.
• Interfaces with the community and industry at large.
• Manages the interest rate risk of the balance sheet, along with chairing the Asset/Liability committee.
• Members of various internal committees.
• Monitors Bank performance in regards to the annual budget. Determines industry trends and responds to changes in the market to maintain profitability.
• Monitors capital adequacy, asset quality, interest rate/net earnings at risk, and liquidity.
• Oversees all financial and accounting functions and staff within the Bank to include ALM, AP, AR, budgets, CECL,…