Chief Financial Officer

Overview

At Stearns Bank, we’re helping people, entrepreneurs, small businesses, and local communities nationwide reach their full financial potential. Sound like something you want to be a part of? If so, we’re currently looking for a Chief Financial Officer. This is a Connected Mobile Work Environment.

Come see how we’re doing business unusual and charting our own path to reimagine a more inclusive financial services and banking ecosystem for all.

Stearns Bank understands and respects that everyone is managing unique career, family, and wellness needs. That’s why we offer industry-leading benefits to employees to help them live healthy lives and bring their full selves to work every day. Benefits may vary for part-time positions. Some of those benefits include:

• Employee Stock Ownership Plan & 401k Plan
• Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)
• 12-week Paid Medical Leave
• Paid Parental Leave: 21-weeks Primary Care Parent, 14-weeks Secondary Care Parent
• $5,000 Family Care Reimbursement:
  Childcare, Elder Care, Student Loan Debt, Pet expenses, down payment assistance
• PTO from 13 to 23 days depending on tenure. Cashout and Carryover options.
• 10 Days Sick Time
• 11 Paid Holidays
• 4 Days Volunteer Time
• 2 Days Self Allowance Time
• Tuition Assistance

For this position, we anticipate an annual range between $170,000 – $400,000. Final employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.

The Chief Financial Officer is responsible for serving as the Bank’s lead financial executive overseeing and representing the Bank’s accounting/finance strategy, and all financial and accounting operations of the Bank. The position is responsible for adhering to all related generally accepted accounting principles (GAAP), tax and regulatory laws, rules and regulations to adequately and accurately reflect the financial position of the Bank at all times.

The CFO will provide counsel to the President, CEO, and Board of Directors regarding the Bank’s internal accounting and financial reporting policies, programs and procedures. Conducts analysis and prepares regular reports reflecting the financial status of the Bank. Directs the development, implementation and maintenance of accounting systems which provide for (a) the control of the company’s assets and (b) the maintenance of a financial database to be used as input to various financial schedules, statements, reports and analyses.

• Serves as the Bank’s lead financial executive overseeing and representing the Bank’s Accounting Department and all financial and accounting operations of the Bank.
• Develops sound, progressive and effective programs in the areas of funding, investments, cash management, forecasting, budgeting, and similar activities within guidelines established by the Bank and the Board of Directors; provides supervision, mentorship, and support to all assigned areas of department operations where service or assistance is needed.
• Participates and assists the Bank in formulating and meeting overall strategic business plans and goals, including the Bank’s annual operating budget, capital plan and budget, and interest rate risk (IRR) strategy; at the direction of the President & CEO coordinates the preparation and execution of the Bank’s strategic business plan; develops strategies and tactical business plans to help achieve organizational objectives;
  
  participates in the development and implementation of both short and long range financial plans; recommends new efforts to improve ROE/ROA; determines the appropriate allocation of resources to ensure maximum profits commensurate with the best interests of shareholders, customers and employees; and provides expert financial advice and input to board of directors and senior management, contributing to their overall business planning strategy.
• Serves as chairperson of the Bank’s Asset/Liability Committee (ALCO) and coordinates the Bank’s asset/liability management programs to facilitate the assessment and control of interest rate risk and ensures compliance with Bank financial objectives.
• Plans, coordinates, and executes effective…