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CLNB Careers

Chief Financial Officer
Job Summary 

The chief financial officer position is accountable for the administrative, financial and risk management operations of the bank, to include the development of a financial and operational strategy, metrics tied to that strategy and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Reports directly to the CEO. Principal accountabilities are:

 Planning 

  1. Assist in formulating the bank’s future direction and supporting tactical initiatives.

 

  1. Monitor and direct the implementation of strategic plans

 

  1. Develop and implement financial and tax strategies

 

  1. Manage the capital and budgeting processes

 

  1. Develop performance measures and monitoring systems that support the bank’s strategic directives

 

  1. Manage financial policies of the bank

 

Operations 

  1. Participate in key decisions as a member of the executive management team

 

  1. Maintain in-depth relations with all members of the management team

 

  1. Manage the asset/liability management function

 

  1. Manage accounting, investor relations, legal, tax and treasury functions

 

  1. Manage any third parties to which accounting or finance functions are outsourced

 

  1. Oversee the bank’s transaction processing system

 

  1. Implement operational best practices

 

  1. Supervise acquisition due diligence and negotiate acquisitions 

 

Financial Information 

  1. Oversee the issuance of financial information to external parties

 

  1. Report financial information to the board of directors

 

  1. File Financial Regulatory Reports

 

Risk Management 

  1. Understand and mitigate key elements of the company’s risk profile

 

  1. Monitor all legal issues involving the bank

 

  1. Construct and monitor reliable control systems

 

  1. Maintain appropriate insurance coverage

 

  1. Ensure that the bank complies with all legal and regulatory safety and soundness requirements

 

  1. Ensure that all recordkeeping meets the requirements of auditors and regulators

 

  1. Report appropriate issues to the audit committee of the board of directors

 

  1. Maintain relations with external auditors and regulators

 

Funding 

  1. Monitor cash balances and cash forecasts

 

  1. Arrange for debt financing and equity financing

 

  1. Assist CEO with investment function

 

Third Parties 

  1. Maintain corresponding bank relationships

 

  1. Represent the bank with shareholders

 

Desired Qualifications: Should have a degree in accounting and/or business administration, a Master’s Degree or CPA are preferable, but not required. At least 5 years of experience in a CFO, Cashier or Controllers position at another financial institution or bank auditor position at a CPA firm. Should have experience in partnering with an executive team, and have a high level of written, communication and supervisory skills.

 

Working Conditions: Will work in an office environment with some travel to conventions expected. 

 

Salary commensurate with experience.

 

Submit resumes to:

 

Email:                   mmay@cayugalakenationalbank.com

                                kwade@cayugalakenationalbank.com

 

Mail:                      Cayuga Lake National Bank

                                Mary May or Kelly Wade

                                165 Cayuga Street, PO Box 512

                                Union Springs, NY 13160



Cayuga Lake National Bank is a EOE AN EQUAL OPPORTUNITY EMPLOYER  EO/AA EMPLOYER: TITLE VII/ PROTECTED VETERANS/ DISABILITY STATUS.
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