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Opportunities

Chief Financial Officer - CRT1052


 

Client Overview

Our Banking Client is a leading real estate and business lender in East Texas. Their total loan portfolio is over $480 million and was established over 100 years ago. Our Banking Client is a locally owned and operated financial cooperative, and they operate ten branch offices throughout East Texas.

Job Summary

The CFO develops and implements financial objectives, strategies and policies that enhance profitability and moderate risk. Prepares, presents, and interprets financial reports for the Chief Executive Officer (CEO), Association Directors, and governmental agencies. The CFO has broad responsibility for the organization’s fiscal operating results and has considerable unreviewed latitude for decision making in the planning and accomplishment of association goals.

Responsibilities

  • Develops sound, progressive and effective association programs in the areas of funding, investments, cash management, forecasting, budgeting, and similar activities of the association within guidelines established by FCA and the association’s Board of Directors.
  • Oversees planning activities, including establishment of performance standards and monitoring departmental performance.
  • Develops and executes the annual operating budget, capital budget, capital plan, and interest rate policy.
  • Provides financial and operational analysis to support managerial decision-making processes.
  • Serves as chairperson of the Asset/Liability Committee and coordinates the association’s asset/liability management programs to facilitate the assessment and control of interest rate risk and ensures compliance with association financial objectives.
  • Keeps the Association’s senior management team and Board of Directors informed on significant items affecting the Association’s financial operations. 
  • Develops, implements, and monitors loan product pricing programs designed to meet earnings requirements, adequately compensate for risk and are competitive in the marketplace.
  • Analyzes and recommends appropriate levels of capital for the Association and makes recommendations for uses of excess capital for consideration by executive staff and the board.
  • Oversees staffing, including selection, performance evaluations and training and development.
  • Develops, analyzes and recommends new or improved policies and procedures that contribute to the successful operation and financial soundness of the Association.
  • Operates sound, progressive and effective association programs in the area of loan accounting within guidelines established by the FCA, the Association’s board and within the bounds of sound business practices.
  • Responsible for departmental budget. Commits expenditure of funds within delegated approval authority limits.
  • Serves as chairperson of the Asset/Liability Committee and coordinates the    association’s asset/liability management programs to facilitate the assessment and control of interest rate risk and ensures compliance with association financial objectives.
  • Keeps the Association’s senior management team and Board of Directors informed on significant items affecting the Association’s financial operations

Requirements

  • Bachelor’s degree in Finance, Accounting, Business, or a related field

  • Ten (10) or more years of experience in finance, accounting, budget, cash management, credit, insurance, tax, and treasury operations

  • At least three (3) years of supervisory or management experience.

  • Master’s degree in business administration, finance or accounting preferred.

  • CPA certification preferred.

  • General knowledge of accounting/financial systems. Specialized knowledge of accounting/financial principles.

  • Excellent oral, written communication and presentation skills.

  • Intermediate to advanced skill level in Microsoft Office applications.

  • Ability to perform advanced accounting/financial analyses under limited supervision.

Compensation

  • $90,000 - $150,000 Base Salary
  • Performance Bonus
  • 401 K
  • Health, Dental, Life Insurance
Name *
Name
John Travis