Job Description
Job Description
Arkansas Talent Group's Executive Search Division has been retained by a Community Bank in Northeast Arkansas to help them find a CFO for their organization. The position is becoming available due to an upcoming retirement and will be a key member of the executive management team. This is an extremely successful Community bank that has been around for over a century with a wonderful reputation in the market.
The Chief Financial Officer will be responsible for leading the banks financial strategy, integrity, and reporting. This is a hands-on leadership role appropriate for a well-rounded financial leader who thrives in a community-oriented environment. The CFO will be very hands-on in all accounting, compliance, and financial operations, and will supervise a small department.
Key Responsibilities:
- Financial Management & Reporting
- Direct all accounting operations, including general ledger, accounts payable/receivable, payroll, and regulatory reporting
- Prepare and oversee timely and accurate monthly, quarterly, and annual financial statements in compliance with GAAP and regulatory guidelines
- Conduct financial and variance analysis, forecasting, budgeting, and long-term financial planning
- Ensure all financial records are maintained in accordance with policies and meet audit and regulatory requirements
- Regulatory Compliance
- Maintain up-to-date knowledge of all applicable banking, federal, and state regulations (FDIC, OCC, FFIEC, etc.)
- Prepare and submit regulatory filings and reports, including Call Reports, FR2900, and various state/bank board requirements
- Serve as primary liaison with internal and external auditors, regulatory agencies, and other relevant bodies
- Asset and Liability Management
- Oversee the management of the banks investment portfolio and coordinate with investment advisors as needed
- Lead the Banks Asset-Liability Committee (ALCO), monitoring interest rate risk, liquidity, capital adequacy, and related policies
- Manage daily cash flow, liquidity planning, and funds transfer activities
- Strategic Leadership
- Serve as a key advisor to the CEO and Board of Directors on financial matters, strategic decision-making, growth opportunities, and risk mitigation
- Participate in executive-level planning and develop financial objectives consistent with the banks mission
- Provide leadership and professional development to accounting staff; cross-train team to build resiliency
- Operational Oversight
- Oversee all general accounting, reconciliation, accounts payable/receivable, and payroll functions
- Evaluate and implement improvements in accounting and financial procedures, controls, and systems
- Supervise internal controls to prevent fraud and ensure operational efficiency
- Other Duties as Assigned
- Ensure the bank is fully prepared for audits and examinations
- Review contracts and vendor agreements from a financial risk perspective
- Keep current with emerging financial, regulatory, and industry developments affecting community banks
Qualifications
- Bachelors degree in Accounting, Finance, or related field (CPA preferred).
- Minimum 7 years progressive financial management experience; previous bank or financial institution highly preferred
- Strong knowledge of banking regulatory reporting, Call Reports, and federal/state compliance
- Demonstrated leadership abilities in a small-team environment
- Proficiency with bank core accounting systems, Excel, and financial reporting packages
- Excellent organizational, analytical, and communication skills
Perks:
- Competitive Compensation
- 100% Paid Benefits
- 6% 401k Match
- Hybrid Capabilities
- Amazing CEO and fantastic team with great tenure
Please directly apply or reach out to Stephanie Shine or Chris Chunn on LinkedIn. Local applicants will be given priority consideration. The CFO must sit in NE Arkansas, Arkansas.
Arkansas Talent Group is an Executive Permanent Placement Recruitment Firm, all considerations will be held confidential.