WorldBridge Partners - Leaders in Recruiting and Executive Search
Chief Financial Officer
WorldBridge Partners - Leaders in Recruiting and Executive Search, Sioux Falls, South Dakota, United States
The Chief Financial Officer (CFO) of the bank has primary responsibility to serve as a strategic advisor to the CEO and Board on financial performance, capital strategy, liquidity, and long-term planning.
Position is in the Black Hills area of South Dakota - it is NOT REMOTE
Oversee the bank’s accounting and financial reporting in accordance with GAAP and all regulatory requirements.
Ensure timely preparation of monthly and quarterly financial statements, Call Reports, FR Y-9SPs, and related filings.
Partner with the CLO in preparing quarterly CECL/ACL reports and analysis.
Maintain effective liquidity and cash management, including daily cash position and funding oversight.
Chair the ALCO Committee and guide balance sheet strategy, including investments, funding, liquidity, and interest rate risk.
Lead the annual budget and prepare multi‑year financial forecasts that support the bank’s strategic goals.
Maintain the bank’s capital plan, stress testing process, and contingency funding plan.
Monitor interest rate and economic trends and recommend strategies for deposit pricing, funding, and investment portfolio structure.
Manage liquidity sources, including cashflow forecasting, wholesale funding availability, and investment portfolio execution.
Coordinate with auditors, examiners, and regulatory agencies and ensure timely follow‑up on findings.
Ensure compliance with FDIC, state banking department, and all financial reporting standards.
Prepare clear and accurate financial and forecasting reports for management and the Board.
Provide leadership across bank operations to support strong controls, accurate processes, and operational efficiency.
Partner with the CEO and senior management on long‑term planning, financial decisions, and strategic initiatives.
Qualifications, Knowledge, and Skills
Proven experience as a community bank CFO, finance officer or relevant role.
In depth knowledge of banking law and risk management practices.
Excellent knowledge of data analysis and forecasting methods.
Ability to strategize and solve problems.
Strong leadership and organizational skills.
An analytical mind, comfortable with numbers.
BA in Accounting, Finance, or relevant field; CPA is a plus.
Excellent communication and people skills.
Proficient in the use of MS Office and financial management software.
Specifics of Duties Oversee daily accounting operations, including general ledger activity, account reconciliations, fixed assets, and accounts payable. Monitor correspondent bank accounts, daily cash position, and incoming/outgoing wires.
Maintain investment portfolio records, including settlements, safekeeping, pledging, and investment accounting schedules.
Support liquidity management by tracking cashflows, FHLB collateral, borrowing availability, and wholesale funding needs.
Assist with deposit and loan pricing analysis by reviewing cost of funds, margin trends, and balance‑sheet impacts.
Maintain accurate holding company and shareholder records, including stock transactions, dividends, and annual reporting.
Prepare financial schedules, variance analysis, and supporting materials for management and Board meetings.
Maintain internal financial controls, procedures, and documentation to support audits and examinations.
Provide financial support and analysis to department managers on projects, expenses, and operational initiatives.
Supervise and mentor operations staff, promoting accuracy, timeliness, and strong internal controls.
Seniority level
Executive
Employment type
Full‑time
Job function
Accounting/Auditing and Finance
Banking and Financial Services
#J-18808-Ljbffr
Position is in the Black Hills area of South Dakota - it is NOT REMOTE
Oversee the bank’s accounting and financial reporting in accordance with GAAP and all regulatory requirements.
Ensure timely preparation of monthly and quarterly financial statements, Call Reports, FR Y-9SPs, and related filings.
Partner with the CLO in preparing quarterly CECL/ACL reports and analysis.
Maintain effective liquidity and cash management, including daily cash position and funding oversight.
Chair the ALCO Committee and guide balance sheet strategy, including investments, funding, liquidity, and interest rate risk.
Lead the annual budget and prepare multi‑year financial forecasts that support the bank’s strategic goals.
Maintain the bank’s capital plan, stress testing process, and contingency funding plan.
Monitor interest rate and economic trends and recommend strategies for deposit pricing, funding, and investment portfolio structure.
Manage liquidity sources, including cashflow forecasting, wholesale funding availability, and investment portfolio execution.
Coordinate with auditors, examiners, and regulatory agencies and ensure timely follow‑up on findings.
Ensure compliance with FDIC, state banking department, and all financial reporting standards.
Prepare clear and accurate financial and forecasting reports for management and the Board.
Provide leadership across bank operations to support strong controls, accurate processes, and operational efficiency.
Partner with the CEO and senior management on long‑term planning, financial decisions, and strategic initiatives.
Qualifications, Knowledge, and Skills
Proven experience as a community bank CFO, finance officer or relevant role.
In depth knowledge of banking law and risk management practices.
Excellent knowledge of data analysis and forecasting methods.
Ability to strategize and solve problems.
Strong leadership and organizational skills.
An analytical mind, comfortable with numbers.
BA in Accounting, Finance, or relevant field; CPA is a plus.
Excellent communication and people skills.
Proficient in the use of MS Office and financial management software.
Specifics of Duties Oversee daily accounting operations, including general ledger activity, account reconciliations, fixed assets, and accounts payable. Monitor correspondent bank accounts, daily cash position, and incoming/outgoing wires.
Maintain investment portfolio records, including settlements, safekeeping, pledging, and investment accounting schedules.
Support liquidity management by tracking cashflows, FHLB collateral, borrowing availability, and wholesale funding needs.
Assist with deposit and loan pricing analysis by reviewing cost of funds, margin trends, and balance‑sheet impacts.
Maintain accurate holding company and shareholder records, including stock transactions, dividends, and annual reporting.
Prepare financial schedules, variance analysis, and supporting materials for management and Board meetings.
Maintain internal financial controls, procedures, and documentation to support audits and examinations.
Provide financial support and analysis to department managers on projects, expenses, and operational initiatives.
Supervise and mentor operations staff, promoting accuracy, timeliness, and strong internal controls.
Seniority level
Executive
Employment type
Full‑time
Job function
Accounting/Auditing and Finance
Banking and Financial Services
#J-18808-Ljbffr