CFO - Lancaster, PA
Location :
Lancaster, PA
Job Type :
Direct
Hours :
Full Time
Required Years of Experience :
15
Required Education :
Bachelor's Degree Required, CPA Preferred
Travel :
No
Relocation :
No
Job Description :
Our client is a growing financial services firm based in Lancaster County. They're currently seeking an experienced CFO to join their executive team.
Responsibilities:
• Manage the accounting/finance division to ensure proper control of all Company
accounting, purchasing, accounts payable and finance activities.
• Develop and implement strategies, including income generation as well as expense control, to achieve goals assigned by the Vice Chairman, President and CEO to the department as established in the finance department’s or Company's strategic plan.
• Prepare the annual budget for the department and the Company as a whole and adhere to budget parameters.
• Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash management, and accounting.
• Monitor the finance department's compliance with state and federal laws, regulations, and policies governing financial services institutions. Work with attorneys, regulators, auditors, and other consultants or advisors, as appropriate to ensure compliance.
• Key participant in the strategic planning process and execution.
• Manage investor relations and related communication functions.
• Oversee capital adequacy, dividend policy/retention, capital allocations, capital planning, and capital raising, as appropriate.
• Administer and review ALLL policy and coordinate with other departments regarding
information required for the policy. Annually present the ALLL policy to the Board for its
approval.
• Serve on the Asset/Liability Committee (ALCO) and the Management Asset/Liability Committee (MALCO).
• Review the Company’s insurance coverage and assist with risk management. Identify
and manage the Company’s risk appetite and actual risk profile.
• Prepare and file annual company tax returns so that external accountants/auditors can
complete annual tax returns.
• File all internal and external financial reporting requirements, including Board
reporting, regulatory reporting and external investor reporting.
• Oversee FDICIA reporting and internal controls over financial reporting.
• Coordinate all "financial" examination data, document requests and information that is
needed for the examiners. Be available and prepared to respond to all "financial related"
questions during regulatory exams.
• Skill set needed or an inclination to attain such skill set to take on new initiatives such as accounting for bank mergers, holding company formation and other corporate projects as deemed necessary for a company exceeding $1 billion in assets.
Requirements:
• A four (4) year degree in Business Administration, Accounting or Finance with an extensive background in Financial Management or the equivalent work experience in a CFO position. MBA or CPA Preferred.
• Minimum of 15 or more years of related experience in a senior financial position with extensive administrative experience in financial institutions or eight (8) to ten (10) years of financial institution experience with a minimum of 5 years in a leadership role as a comprehensive Financial
Officer with a financial institution. Proficient knowledge of economic and accounting principles and practices, financial markets, banking, and the analysis and reporting of financial data.
• Excellent knowledge of financial institution policies and procedures.
• High level of analytical and communication skills.
• Demonstrate analytical, decision-making, and effective problem-solving skills.
• Participate in the Strategic and Tactical Plan of the Company.
• Excellent supervisory, communication, listening and organizational skills.
• Ability to confront problems as they arise. Will actively seek information to
understand the circumstances, problems, exceptions, and needs to enable clear and
timely decisions.
• Keep apprised of best practice industry trends, credit-related compliance matters, polices, and procedures.
• Authorized to work in the United States
Required Qualifications :
