2108-5 Chief Financial Officer

Coffee County Bank is seeking a dynamic individual to join their team as the Chief Financial Officer.  This position will be located in Manchester. The CFO will be responsible for the following:

Strategy, Planning and Management

  • Act as Chief Financial Officer and strategic business partner to executive leadership team.
  • Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts.
  • Provide insight and recommendations to both short-term and long-term growth plan of organization.
  • Identify, acquire, and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.
  • Communicate, engage, and interact with CEO and Executive Leadership Team.
  • Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
  • Select and engage consultants, auditors, and investors.
  • Recruit, interview and hire finance, accounting and payroll staff as required.
  • Serve as a key member of executive leadership team and round table discussion panel.
  • Participate in pivotal decisions as they relate to strategic initiatives and operational models.
  • Implement policies, procedures and processes as deemed appropriate by executive leadership team.

Financial Analysis, Budgeting and Forecasting

  • Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
  • Review and analyze monthly financial results and provide recommendations.
  • Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
  • Develop and maintain monthly operating budget and annual company operating budget.
  • Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting.
  • Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team.

Accounting, General Ledger, Administration and Operations

  • Supervise the accounting department to ensure the proper functioning of all systems, databases, and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
  • Review and ensure application of appropriate internal controls and financial procedures.
  • Ensure timeliness and accuracy of financial and management reporting data.
  • Oversee the preparation and communication of weekly, monthly, and annual financial statements.
  • Oversee the preparation and timely filing of all local, state, and federal tax returns.
  • Work with Human Resources to ensure appropriate legal compliance.
  • Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
  • Oversee preparation of monthly, quarterly, and annual financial statements including, but not limit to quarterly Call Reporting.
  • Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
  • Enhance and implement financial and accounting systems, processes, tools and control systems
  • Hire, develop and lead accounting staff
  • Coordinate and strategize methods used to attain team goals with leadership team

Financial Management

  • Manage cash flow planning process and ensure funds availability.
  • Oversee cash, investments, and asset management area.
  • Maintain outstanding relationships and strategic alliances with vendors and business partners.
  • Serve as a key point of contact along with the executive team for Federal and State Exams
  • Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.

Financial Relations and Policies

  • Engage finance committee and executive leadership team to develop short term and long-term plans, projections and budgets.
  • Represent company to financial partners, institutions, investors, public auditors, and officials.
  • Remain current on audit best practices as well as state, federal and local laws regarding company operations.

 

Cash Management

  • Oversee weekly cash management and AP Department, sign checks, authorize large wires, and ACHs

 

Chief Financial Officer (CFO) – Position Requirements

  • Bachelor Degree in Accounting or Finance
  • 3+ years minimum experience as a CFO is preferred
  • Accounting or finance experience required
  • Background coordinating with I.T. staff to manage and/or upgrade accounting system. Systems implementation experience strongly preferred.
  • Outstanding communication and presentation skills.
  • Demonstrated leadership ability, confidence, and executive presence – ability to motivate staff.
  • Excellent analytical, reasoning, and problem-solving skills
  • Significant experience working with external auditors, internal controls, and regulatory compliance-related issues.

*Please send resumes to ehargrove@coffeecobank.com.

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