Chief Financial Officer (CFO)

JOB TITLE: Chief Financial Officer

REPORT TO: President/CEO

DEPARTMENT: Accounting

Position Summary: The CFO is responsible for the bank's financial plans and policies including all relating reporting in a timely manner. Directs the finance and accounting department to ensure the essential development and motivation of all personnel implement strategies and ensures effective controls. Performs all duties in conformance with Bank policy and all federal and state regulations, including all Fair Lending regulations.

Functions:

• In conjunction with the President, plans and develops corporate long- and short-range financial strategies and policies for the Bank, including all asset/liability planning and execution. Devises implementation plans and objectives. Monitors Bank's progress; recommends changes or alternatives to meet plan. Prepares financial reports and analyses for Board of Directors and management.

• Plans, directs and coordinates the activities of the accounting and finance departments. Assigns and directs reporting officers and managers in effective management of departments. Prepares strategies and budgets for each functional area and ensures goals are met through on-going performance management.

• Develops and implements departmental plan of organization in conjunction with corporate goals, plans and policies. Responsible for hiring, firing, directing and evaluating managers/officers. Ensures fully trained staff capable of meeting current and future Bank needs.

• Oversees financial, regulatory and management reporting for timeliness, completeness

and accuracy.

• Ensures that the finance area is in full compliance: with all applicable federal and state laws, regulations and agreements, including specifically; FDIC regulations, the
• Community Reinvestment Act, consumer lending and deposit laws, and employment opportunity laws.

• With the President and Board of Directors develops investment portfolio strategies. Administers the Bank's investment portfolio, manages the daily activities of the investment portfolio, and directs the purchase and sale of investments. Accountable for all reporting.

• Keeps abreast of ongoing trends and developments within the fields of finance, the economy, banking, banking law, banking regulation, and the business community; assesses and reacts to the impact of various developments on the Bank and its programs.

• Performs related executive, managerial and administrative functions as may be necessary to ensure that the Bank achieves its objectives

Knowledge, Skills, Requirements:

• Bachelor's degree with MBA preferred.
• Seven to ten years' experience as executive in banking or financial industry.
• Effective leadership and administrative skills.
• Excellent communication and interaction skills.
• In depth understanding of banking industry, specifically, finance, asset/liability management

Physical Demands and Condition Requirements:

• General office environment
• Uses computer keyboard (up to 8 hours per day)
• Sits for an extended period of time (8 hours per day)
• Possible travel to various branches and functions
• Lifting material (up to 30 lbs)

Equipment Used:

• General office equipment, i.e., calculator, photocopier, etc.
• Computer

ADA: The employer will make reasonable accommodations in compliance with the Americans with

Disabilities Act of 1990.