AJ Consultants has been retained by Hometown Financial Group, an innovative multi-bank holding company approaching $6.5 billion, to find a dynamic Chief Financial Officer (CFO) to join their executive team.
This is not just a job; it is an opportunity for someone to achieve their career capstone at a company with a proven strategic platform and a top-tier executive team that is thriving and successfully managing through today's industry challenges.
Why This Opportunity Stands Out:
As CFO, you will be at the forefront of driving the company's ambitious growth agenda. This is a rare chance to step into a strategic executive role where your expertise in mergers and acquisitions (M&A) will be a critical driver of success. You'll work hand-in-hand with a visionary CEO that values work ethic, partnership, collaboration, innovative thinking and a sense of humor. Together, you'll craft and execute a long-term growth strategy that will position the holding company as a leading player in the region's financial landscape.
Key Responsibilities:
Strategic Leadership:
- Lead the financial planning, analysis, investment strategy, balance sheet and strategy development that will propel the holding company into its next phase of growth.
- Represent the culture, vision and leadership of the bank holding company at three bank board meetings per month.
- Your insights and decisions will directly influence the company's expansion through M&A and organic growth initiatives.
M&A Focus:
- Spearhead the identification, evaluation, and execution of acquisition opportunities.
- Possess the ability and passion to build a financial model around a prospective bank acquisition with a moments notice is a critical component.
- Your ability to navigate complex financial landscapes and structure deals that align with the company's strategic goals will be essential to its growth trajectory.
Partnership with CEO:
- Act as a trusted advisor and strategic partner to the CEO, working closely to align financial goals with the overall business strategy.
- Your collaborative approach will be key to ensuring the company's long-term success and stability.
Innovation and Change Management:
- Drive financial innovation and efficiency across the organization, ensuring the holding company remains at the cutting edge of industry practices.
- Your leadership will help foster a culture of continuous improvement and adaptability.
What We're Looking For:
- A proven track record in financial leadership, with significant experience and passion for M&A, preferably within the banking or financial services sector.
- A strategic thinker with the ability to see the big picture and translate it into actionable plans.
- Exceptional communication and collaboration skills, with the ability to work effectively with executive teams and board of directors.
- A passion for driving growth and a commitment to the long-term success of the organization.
Why You Should Consider This Role:
- This is more than just a basic CFO position; it's a unique opportunity to be part of an exceptional leadership team and strategy that has built the most progressive mutual holding company in New England.
- If you're an entrepreneurial financial leader with a passion for driving change and a desire to make a lasting impact, this is the role for you.
- Join us in shaping the future of this forward-thinking holding company and be a key player in its continued success. Your next career move could be the most rewarding one yet.
FLUID JOB DESCRIPTION
(I.E. Specific responsibilities may be adjusted to capitalize on the new CFO's strengths)
Job Title:
Chief Financial Officer
Division:
Finance and Accounting
Job Type:
Full Time - Exempt
Reports to:
Chief Executive Officer
Officer Title:
EVP
Direct Reports:
Three (3) Bank Controllers
SVP, Treasurer
SVP, Wealth Management
SVP, Government Banking
Head of Facilities
Position Purpose
The Chief Financial Officer (CFO) partners with CEO, Executive Management Team (EMT), Boards of Directors (BOD), and other key leaders to plan and implement successful business strategies across all Lines of Business (LOB's) for the Mutual Holding Company(MHC). Collaborating with the CEO, the CFO will continue to drive the MHC's committed M&A strategy with a strong focus on Balance Sheet Management (I.E. Funding and Capital). The role is responsible for all financial and accounting operations of the MHC and three subsidiary banks while ensuring adherence to all related generally accepted accounting principles, tax and regulatory laws and rules and regulations to adequately and accurately reflect the financial position of the MHC.
Position Responsibilities
- Manages the overall liquidity position of the mutual holding company including capital management, the wholesale funding desk and ALCO.
- Develops ad hoc strategic analyses and serves as a consultant to the Board, CEO and EMT to identify opportunities and threats to the business.
- Works closely with the EMT and BOD on financial aspects related to M&A, equity and liquidity events and needs.
- Plans, coordinates, and executes effective processes related to the mutual holding company's capital and asset and liability structure.
- Directly or through delegation, manages investments to meet liquidity and income producing objectives.
- Responsible for managing the financial and management reporting process including working with Lines of Business (LOB) to accurately forecast and budget.
- Develops action plans with the EMT to bring performance within budget levels as needed.
- Ensures that all regulatory filings are filed with relevant bodies (both state and federal). Interfaces with these bodies accordingly.
- Leading three subsidiary bank Controllers, proactively manages the accounting function and financial reporting to produce a timely close and compliance with all regulations and GAAP.
- Develops, implements, and monitors accounting policies, procedures, practices and internal controls.
- Manages the mutual holding company's and three subsidiary banks' budgeting process to include identifying cost savings efforts, tracking monthly performance and analyzing annual operating plan in relation to prior year results, summarize and understand variances.
- Works with the outside financial audit partners to coordinate and manage internal audits.
- Designs and/or redesigns key processes within the function in order to help scale for the future.
- Responsible for producing and managing the quarterly earnings report to shareholders.
- Complies with all federal and state rules and regulations that effect this job position and perform the required ongoing training for those regulations as directed by the Compliance Officer.
- Identify and build strong relationships with key stakeholders across the mutual holding company and subsidiary banks to support long-term organization goals.
- Mentors and coaches direct reports within the team to help develop them for future roles and provide proper succession.
- Manages performance of the team and conducts performance reviews within the processes of the mutual holding company.
Minimum Education & Experience
- Successful experience as a CFO within a mutual bank, savings bank or publicly traded bank at least $3B+ in assets.
- Merger & Acquisition knowledge and exposure
- Experience building progressive strategies around how to drive core funding
- Current/past Certified Public Accountant (CPA) is desired but not required.
- Certified Management Accountant (CMA) or Certified Corporate Financial Planning & Analysis certification desired but not required.
- Experience preparing analysis and presentations for the C-Level/Board Level.
- Experience interfacing and presenting to regulators & boards.
- Excellent communication, presentation and interpersonal skills with ability to partner at all levels.
- Proven successful leadership, departmental management, and risk management ability.
- Demonstrated strategic planning and high-level visionary experience.
- Solid strategic business acumen and extensive analytic skills with the ability to rapidly assimilate complex information.
- Collaborative and cooperative approach, able to communicate and determine priorities
- Significant experience in banking, multi-discipline financial services industry in a senior-financial-management role, partnering with executive staff resulting in developing strategies.
- Experience identifying opportunities for change and growth within the organization, determining the best approaches and recommending changes to executive level management.
- Excellent organizational skills & attention to detail.
- Ability to multi-task and perform in a deadline driven environment.
- Dynamic personality and a great sense of humor
Technical Knowledge and Skills
- Microsoft office software suite (Word, Excel, PowerPoint, etc)
- Expert knowledge of banking procedures and regulations.
Other
Ability to travel as needed and attend three bank board meetings per month
Compliance
It is the responsibility of each mutual holding company and bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the mutual holding company is subject. Each mutual holding company staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.
The above mentioned are intended to describe the general nature and level of work performed rather than to be an inclusive list of all duties, responsibilities and skills required for the position. Job duties may be changed at anytime at management's discretion. The job description is not intended to create contractual obligations of any kind.
Hometown Financial Group is an Affirmative Action and Equal Opportunity Employer