First Bank & Trust Company of Illinois
Chief Financial Officer
First Bank & Trust Company of Illinois, Palatine, Illinois, United States, 60251
Passionate about matching the right talent with the right opportunities. Let’s build successful careers together.
1 day ago Be among the first 25 applicants
Direct message the job poster from First Bank & Trust Company of Illinois
Position Summary The Chief Financial Officer (CFO) is responsible for the overall financial management, planning, and performance of the bank. As a key member of the executive team, the CFO provides strategic financial guidance, establishes the foundation for sound fiscal management, maintains regulatory compliance, and supports the long‑term growth and stability of the organization. This role is both strategic and hands‑on, overseeing accounting, reporting, budgeting, asset/liability management, and operational finance and deposit functions.
Key Responsibilities
Direct all Accounting and Finance activities, including general ledger, accounts payable/receivable, and financial reporting.
Prepare and present accurate, timely financial statements and management reports to executive management and the Board of Directors.
Promote and establish procedures for compliance with GAAP, regulatory, and tax reporting requirements.
Oversee the preparation of quarterly Call Reports and other regulatory filings.
Manage the external audit and examination process.
Strategic & Budgeting Leadership
Collaborate with the CEO and Board on strategic planning and growth initiatives.
Lead the bank’s annual budgeting and forecasting processes.
Provide financial analysis and recommendations to improve profitability, efficiency, and capital utilization.
Support new product, branch, or technology investments with financial modeling and ROI analysis.
Asset/Liability & Treasury Management
Serve as chair or key member of the Asset/Liability Committee (ALCO).
Monitor and manage liquidity, interest rate risk, and funding concentrations.
Oversee the investment portfolio, correspondent banking relationships, and borrowing lines.
Support loan pricing, funding strategy, and balance sheet optimization.
Capital & Regulatory Oversight
Maintain the bank’s capital plan and monitor compliance with capital adequacy standards.
Prepare capital projections and stress testing as appropriate.
Operational & Leadership Responsibilities
Supervise Deposit Operations, Accounting and Finance personnel, promoting accuracy, efficiency, and development within the team.
Oversee key vendors and systems supporting finance and operations (core accounting, ALM software, etc.).
Partner with Deposit and Loan Operations and IT leadership to improve processes and reporting capabilities.
Support shareholder and Board communications, including financial updates and planning discussions.
Qualifications
Bachelor’s degree in Accounting, Finance, or related field required; CPA strongly preferred.
Minimum 8–10 years of progressive experience in banking or financial services, with at least 3–5 years in a senior finance or controller role.
Strong working knowledge of community bank accounting, GAAP, and regulatory reporting (Call Reports, FR Y-9 if applicable).
Experience with ALCO, liquidity management, and interest rate risk modeling.
Proven leadership, communication, and team development skills.
Ability to work effectively in a collaborative, community‑focused environment.
Performance Measures
Timely, accurate financial and regulatory reporting.
Effective management of capital, liquidity, and interest rate risk.
Budget accuracy and contribution to strategic objectives.
Successful audit and examination outcomes.
Staff performance and department efficiency.
First Bank & Trust Co. of Illinois offers a compensation package commensurate with experience, including competitive base salary, performance-based incentives, and a comprehensive benefits package featuring healthcare, paid time off, and 401(k) participation.
About First Bank & Trust Co. of Illinois For over 60 years, First Bank & Trust Co. of Illinois, based in Palatine, IL, has provided personalized banking and lending solutions to businesses nationwide. Our focus on commercial refinancing, acquisition, and bridge lending opportunities is grounded in the values of community, integrity, and relationship‑driven service that make our clients feel like family.
#J-18808-Ljbffr
Direct message the job poster from First Bank & Trust Company of Illinois
Position Summary The Chief Financial Officer (CFO) is responsible for the overall financial management, planning, and performance of the bank. As a key member of the executive team, the CFO provides strategic financial guidance, establishes the foundation for sound fiscal management, maintains regulatory compliance, and supports the long‑term growth and stability of the organization. This role is both strategic and hands‑on, overseeing accounting, reporting, budgeting, asset/liability management, and operational finance and deposit functions.
Key Responsibilities
Direct all Accounting and Finance activities, including general ledger, accounts payable/receivable, and financial reporting.
Prepare and present accurate, timely financial statements and management reports to executive management and the Board of Directors.
Promote and establish procedures for compliance with GAAP, regulatory, and tax reporting requirements.
Oversee the preparation of quarterly Call Reports and other regulatory filings.
Manage the external audit and examination process.
Strategic & Budgeting Leadership
Collaborate with the CEO and Board on strategic planning and growth initiatives.
Lead the bank’s annual budgeting and forecasting processes.
Provide financial analysis and recommendations to improve profitability, efficiency, and capital utilization.
Support new product, branch, or technology investments with financial modeling and ROI analysis.
Asset/Liability & Treasury Management
Serve as chair or key member of the Asset/Liability Committee (ALCO).
Monitor and manage liquidity, interest rate risk, and funding concentrations.
Oversee the investment portfolio, correspondent banking relationships, and borrowing lines.
Support loan pricing, funding strategy, and balance sheet optimization.
Capital & Regulatory Oversight
Maintain the bank’s capital plan and monitor compliance with capital adequacy standards.
Prepare capital projections and stress testing as appropriate.
Operational & Leadership Responsibilities
Supervise Deposit Operations, Accounting and Finance personnel, promoting accuracy, efficiency, and development within the team.
Oversee key vendors and systems supporting finance and operations (core accounting, ALM software, etc.).
Partner with Deposit and Loan Operations and IT leadership to improve processes and reporting capabilities.
Support shareholder and Board communications, including financial updates and planning discussions.
Qualifications
Bachelor’s degree in Accounting, Finance, or related field required; CPA strongly preferred.
Minimum 8–10 years of progressive experience in banking or financial services, with at least 3–5 years in a senior finance or controller role.
Strong working knowledge of community bank accounting, GAAP, and regulatory reporting (Call Reports, FR Y-9 if applicable).
Experience with ALCO, liquidity management, and interest rate risk modeling.
Proven leadership, communication, and team development skills.
Ability to work effectively in a collaborative, community‑focused environment.
Performance Measures
Timely, accurate financial and regulatory reporting.
Effective management of capital, liquidity, and interest rate risk.
Budget accuracy and contribution to strategic objectives.
Successful audit and examination outcomes.
Staff performance and department efficiency.
First Bank & Trust Co. of Illinois offers a compensation package commensurate with experience, including competitive base salary, performance-based incentives, and a comprehensive benefits package featuring healthcare, paid time off, and 401(k) participation.
About First Bank & Trust Co. of Illinois For over 60 years, First Bank & Trust Co. of Illinois, based in Palatine, IL, has provided personalized banking and lending solutions to businesses nationwide. Our focus on commercial refinancing, acquisition, and bridge lending opportunities is grounded in the values of community, integrity, and relationship‑driven service that make our clients feel like family.
#J-18808-Ljbffr