About this role
Recognizing and valuing diversity strengthens our ability to attract, retain and engage associates and reinforces our relationship within our communities. Our associates are the most valuable asset we have. The collective sum of the individual differences, life experiences, knowledge and talent that our associates invest in their work represents a significant part of not only our culture, but our reputation and company’s achievement as well.
A Centier Associate is someone who embodies a servant heart, is unaccepting of anything less than remarkable service, and is self-motivated and driven to deliver exceptional results.
What are our values? Our Corporate values are Caring, Loyalty, Integrity, Friendship, Fun....who wouldn't want to work for an AWARD-WINNING company that's built on these pillars?
What about the perks? Access to our Marathon Health Clinics which provide FREE visits & prescriptions, Generous Paid Time Off benefit, Tuition Reimbursement, 401K match, Associate Stock Ownership Plan, Daycare Reimbursement, FREE Onsite Fitness Center/Fitness Reimbursements, Health and Wellness Programs, the ability to have a voice with our Diversity/Equity/Inclusion Council, Career Growth, Work/Life Balance, AND MORE.
Supervisory Responsibilities: Accounting, Treasury, FP&A and Business Planning & Analysis
Summary:
The CFO will have executive oversight for the Accounting or Controllership duties which includes the discipline of the balance sheet for the bank and the holding company. These make up the backward-looking part of a diversified Finance function and include presenting and reporting accurate and timely historical financial information. Every stakeholder in the company – including shareholders, Board of Directors, analysts, creditors, associates and other members of management – relies on the accuracy and timeliness of this information. It is imperative that the information reported is accurate and in conformity with GAAP, federal regulations and applicable tax laws because many decisions are based upon it. The CFO will have executive oversight of the investment portfolio strategy, balancing yield against interest rate risk and AOCI exposure.
The CFO will have executive oversight for the Treasury duties and deep funding strategy. These make up the present impact of a diversified finance function and capital planning which includes managing the bank’s investment portfolio and capital structure – taking into account interest rate risk, liquidity needs and funding needs – as well as determining the optimal mix of assets, liabilities and equity.
The CFO will have executive oversight for the Financial & Business Planning & Analysis duties. These make up the forward-looking part of a diversified finance function and include a combination of budgeting, scenario modeling, forecasting and strategic business analysis. These activities are designed to identify areas of the bank most efficient / profitable and how the bank can capitalize on this information to ensure its future success.
Essential Duties and Responsibilities:
- Develop and execute comprehensive financial strategies aligned with strategic bank goals to maximize profitability and growth.
- Oversee all aspects of financial management including multi-year budgeting, forecasting, and fiscal planning to ensure sound financial health.
- Lead corporate accounting and treasury functions including cash flow management, capital management, and liquidity planning to optimize the bank’s financial resources.
- Provide executive leadership in strategic planning to align financial goals with organizational objectives while fostering a culture of continuous improvement.
- Lead balance sheet optimization and interest rate risk management, directing the evaluation of AOCI sensitivity across investment and securities portfolios. Present analysis to the Board of Directors and regulators.
- Deliver line of business, product, branch profitability analyses
- Ensure execution of CECL/ALLL compliance frameworks
- Understand and direct interest rate risk modeling and liquidity stress testing
- Direct the integration of stock and equity valuations into regulatory capital stress tests and rating agency assessments.
- Participate in key decisions as a member of the executive leadership team.
- Maintain relations with external auditors and examiners as well as external financial consultants
- Serve as a strategic advisor and business partner to the Board of Directors and Bank President.
- Coach, mentor and guide the development of future leaders
- Will serve on ALCO
Knowledge, Skills, and Abilities:
- Demonstrated high level of leadership and managerial skills with a minimum of 10 years of prior management experience
- Demonstrated extensive background in the financial area including financial analysis, financial reporting, regulatory reporting, M&A experience, asset/liability management and portfolio management with a thorough understanding of the following: Principles and techniques for interest rate risk management, liquidity / investment management, credit risk management, and operations risk management
- Capital and money markets including the treasury and debt markets, MBS market and fixed income derivatives
- Deep understanding of equity and debt offerings
- Experience working with regulators, valuation companies, and rating agencies. Will regularly present at the Board of Directors meeting.
- Excellent interpersonal skills
- Excellent written and oral communication skills
Minimum Qualifications:
- Prior CFO / Deputy CFO experience with a $15-20 Billion bank preferred
- Publicly traded company or M&A experience is preferred
- MBA + CPA
- SOX and FDICIA experience preferred
- 20+ years’ experience in managing investment, funding, hedging and financial planning in a financial institution environment
What do I do now?
- Apply with us!
- Refer this opening to others!
Disability Accommodation Statement
Centier Bank is an Equal Employment Opportunity/Affirmative Action employer and is committed to providing reasonable accommodations to individuals with disabilities in the employment application process. If you need an accommodation due to a disability to use our online system to apply for a position at Centier Bank, please call us at 219-755-6160 or send us an email at [email protected] .
Equal Opportunity Employer/Disability/Veteran
Centier Bank is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.