Job Description
Description & Requirements
Chief Financial Officer (CFO) Liberty Bank and Trust, America's first billion-dollar Black-owned bank, has proudly served communities across 11 states for over a century. We are building a team of mission-driven individuals committed to empowering people, businesses, and communities to thrive. By providing access to financial tools and services, we help achieve goals like homeownership, business growth, and financial education. Whether it's a community, a burgeoning business, or untapped talent, we believe in the possibility of financial freedom. To find out more about our financial solutions and our community impact, visit us at .
As the Chief Financial Officer (CFO), you will provide strategic oversight of finance and will be a key member of the executive leadership team, driving financial direction and ensuring the bank's financial health and stability. The Chief Financial Officer will manage all financial operations, including accounting, finance, budgeting, tax and treasury (securities portfolio) in the development of financial, statistical, and profitability reporting in accordance with GAAP and accounting standards.
To thrive as the Chief Financial Officer (CFO), you should have: - Bachelor's degree in accounting, finance, or a related field. Previous experience in the banking industry and familiarity with financial institution regulatory reporting or equivalent experience.
- Minimum of 10 years of relevant work experience. Public accounting preferred.
- Certified Public Accountant (CPA) preferred, but not required.
- Strong technical knowledge of U.S. GAAP and experience with FDICIA/SOX.
- Working knowledge of the Community Reinvestment Act (CRA), Minority Depository Institution (MDI), and Community Development Financial Institution (CDFI) programs. Understanding their significance and ability to strategize ways to meet regulatory obligations and community development goals.
- Understanding of regulatory compliance and reporting requirements specific to multi-state community banks, including FDIC Part 363 internal control reporting.
- Comprehensive understanding of the Current Expected Credit Loss (CECL) accounting standard and its impact on the bank's financial reporting. Ability to implement and monitor CECL methodology to assess credit risk and potential losses.
- High Ethical Standards and Confidentiality - Demonstrated ability to maintain confidentiality and uphold strong ethical practices in all professional interactions.
- Attention to Detail and Accuracy - Proven ability to perform tasks with high precision, ensuring accuracy in work and decision-making.
- Strong Communication Skills - Effective written and verbal communication skills to interact with stakeholders and convey information.
- Time Management and Organizational Skills - Expertise in planning, multitasking, and meeting deadlines while maintaining efficiency in a fast-paced environment.
Your responsibilities as the Chief Financial Officer (CFO) will include: - Financial Strategy & Leadership: Provide insights to senior management and board of directors to support decision-making, long-term planning and strategic growth. Lead, manage finance and accounting teams to provide accurate financial due diligence efforts and provide financial analysis and guidance for potential mergers and acquisitions.
- Financial Operations: Manage the bank's financial operations, including budgeting, forecasting, general ledger management, financial, call and board reporting. Manage tax and capital planning, liquidity/ALCO, cash flow management, ESOP, BOLI, shareholder reporting, Interest rate risk and interest rate margin.
- Regulatory & Compliance Oversite: Manage internal and external audits/exams by the FDIC and others as required. Ensure the bank adheres to all relevant federal, state, and local regulatory requirements, including FDIC, OCC, and Federal Reserve regulations.
- Risk Management: Develop and implement an overall ERM framework and risk management strategy/control aligned with the company's goals, objectives and regulatory requirements.]
- IT: Oversight of the CIO as well strategic IT planning, implementation and execution. Serve as the bank's Information Security Officer (ISO).
- Team Leadership & Development: Lead and mentor a high-performing finance and accounting team, fostering a culture of accountability and continuous improvement.
- Strategic Business Partnership: Collaborate with business unit leaders and executives to drive profitability, optimize operations, and identify opportunities for revenue growth. Play a key role in merger and acquisition (M&A) activities, expansion initiatives, and new branch openings, supporting strategic growth and community impact.
- Stakeholder Relations: Present comprehensive financial reports and updates to the Board of Directors, investors, and other key stakeholders, ensuring transparency and alignment with strategic objectives. Cultivate strong, collaborative relationships with external auditors, banks, and regulatory authorities to support compliance and financial stability
Liberty's Bank and Trust's Best-in-Class Benefits and Perks: As you might expect, we value every member of our team. That's why we offer competitive compensation and an extensive benefits package, including:
- Comprehensive Medical, Dental, Vision, and Life Insurance
- Solid Work/Life Balance, including PTO and paid holidays
- Financial wellness, including an FSA 401K and match, Educational Reimbursement, and Life Insurance
- Family assistance, including Adoption Assistance and EAP/Health and Welfare Assistance
- Growth opportunities, including Training and Development and Leadership Development
- Substantial perks, including Online Marketplace* discounts on a variety of goods and services, ERG/ Ambassador Group, and Free and reduced-rate bank services
We do our best to ensure Liberty Bank and Trust is an incredible place to work and build a career. We want you to learn, grow, and share in the success you help create.
We want to hear if you are ready to take the next step in your career and make a significant impact!
We are an equal opportunity employer, and all qualified applicants will be considered for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
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