Firstelectronic
Chief Financial Officer
Firstelectronic, Salt Lake City, Utah, United States, 84193
First Electronic Bank is seeking an exceptional Chief Financial Officer (CFO) to provide strategic financial leadership and drive our continued growth and investment success. The ideal candidate will be a sophisticated financial executive with deep expertise in both sponsorship (BaaS) and industrial banking models. The CFO will be responsible for managing the Bank's finances, financial reporting, assessing financial risks and opportunities, and will oversee and manage our Accounting and Treasury departments. This role will also set and track financial goals, objectives and budgets.
Duties and responsibilities as follow:
Oversees the financial functions of the Bank
Manages and monitors liquidity
Provides leadership, direction, and management of the treasury and accounting team.
Provides strategic recommendations to the CEO/President and members of the executive management team
Writes, reviews and approves all Policies and Procedures related to the Finance function of the bank
Prepares & presents financial information to the Board of Directors including but not limited to: financial performance, capital plan, contingency funding plan, and annual budget
Oversees all tax work for the bank
Enhances and implements financial and accounting systems, processes, and tools
Serves as volunteer board member for CRA related organizations
Establishes, develops, and maintains relationships with partners, correspondents, banking organizations, auditors, regulators, etc.
Oversees accounts payable, approves large payables, signs checks, authorizes large wires
Chairman of Asset Liability Committee – Prepares and reports all related information to committee
Serves as a member of the Credit Committee and the IT Steering Committee
Sets deposit rates and works to obtain deposits when necessary
Coordinates with Human resources in making recommendation of employee benefits
Assists in recommendation of corporate insurance program to BOD
Other duties as assigned
Requirements
10+ years previous professional experience in financial management required Master’s degree in Business Administration, Accounting, or Finance required Previous experience in industrial banking or BaaS models is strongly preferred Strong financial and accounting background, including a expert-level understanding of profit and loss, balance sheets, cash flow management, and corporate structure Previous professional Executive experience preferred Strong leadership skills Effective written and verbal communication skills Outstanding analytical, decision-making, and problem-solving skills *This position is located in our Salt Lake City office, and will require 3 days per week onsite
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10+ years previous professional experience in financial management required Master’s degree in Business Administration, Accounting, or Finance required Previous experience in industrial banking or BaaS models is strongly preferred Strong financial and accounting background, including a expert-level understanding of profit and loss, balance sheets, cash flow management, and corporate structure Previous professional Executive experience preferred Strong leadership skills Effective written and verbal communication skills Outstanding analytical, decision-making, and problem-solving skills *This position is located in our Salt Lake City office, and will require 3 days per week onsite
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