Chief Financial Officer

JOB TITLE:                       Chief Financial Officer (CFO)

REPORTS TO:                   Chief Executive Officer

CLASSIFICATION:           Exempt

LOCATION:                      Phoenix HQ Office (On-site and not remote)

SUMMARY:

You own it, are accountable and likely are/were a top performing CFO at a financial institution. Ideally, you have prior experience working at a smaller sized, yet rapidly growing bank. You are either looking for a new challenge, or perhaps realizing your current employer's growth trajectory, bureaucracy/politics or culture is not a good fit and interested in exploring a change. Ethics, integrity, building trust, developing relationships, honoring your promises, long term sustainability, and delivering results are important to you.  

You are intrigued to learn that employees rank us among the best work cultures they have experienced and describe us as different than prior employers. You are interested in learning about the proprietary "Integro360" services we invented, provide on a complimentary basis as a consultative tool to help small businesses grow. You are curious to learn why we are one of the fastest growing banks, at a time when many other banks are downsizing, slowing their growth, and facing significant financial challenges. You either currently live in the Phoenix Arizona metro area or are interested in being based here. If this sounds like you, please keep reading and we encourage you to apply. 

The CFO is responsible for serving as the Bank’s lead financial executive overseeing and representing the Bank’s Accounting Department and all financial and accounting operations of the Bank. The position is responsible for adhering to all related generally accepted accounting principles (GAAP), tax and regulatory laws, rules, and regulations to always reflect the financial position of the Bank adequately and accurately. 

QUALIFICATIONS

Knowledge, Skills & Responsibilities:

1.    Develops sound and effective programs in the areas of capital, funding, investments, cash management, forecasting, budgeting, audit, vendor management, loss reserves, regulatory reporting, strategic planning, financial reporting & metrics, human resources, payroll/benefits, branch operations, loan operations, deposit operations and similar activities within guidelines established by the Bank and the Board of Directors; provides supervision and support to all assigned areas of department operations where service or assistance is needed; and oversees activities of department support personnel and opens and closes department.

2.    Participates and assists the Bank in formulating and meeting its overall strategic business plans and goals, including the Bank’s annual operating budget, capital plan and budget, and interest rate risk (IRR) strategy; at the direction of the CEO coordinates the preparation and execution of the Bank’s strategic business plan; develops strategies and tactical business plans to help achieve organizational objectives; participates in the development and implementation of both long- and short-range financial plans; recommends new efforts to improve ROE/ROA; determines the appropriate allocation of resources to ensure maximum profits commensurate with the best interests of shareholders, customers and employees; and provides expert financial advice and input to the Board of Directors and Senior Management.

3.    Serves as chairperson of the Bank’s Management Asset/Liability Committee (MALCO) and coordinates the Bank’s asset/liability management programs to facilitate the assessment and control of interest rate risk and ensures compliance with Bank financial objectives.

4.    Assists in capital raise activities and in planning and executing the banks planned future IPO or public listing, maintaining lists of shareholders, shareholder relations and communications and participating in quarterly and periodic investor conference calls.

5.    Plans, coordinates, and executes effective processes related to the Bank’s capital and asset and liability structure by evaluating the structure, position and strategies in order to maximize the Bank’s interest margin and overall profitability while managing the Bank’s interest rate risk position in a safe and sound manner, including, but not limited to, the review of the Bank’s loan portfolio for pricing and maturity distribution, the review of the Bank’s investment portfolio to ensure adequate pre-purchase analysis is performed on all investment securities and that investments are performing as expected, the review of the Bank’s deposit pricing and maturity stratification, and that adequate liquidity is maintained via lines of credit or liquid investments.

6.    Conducts financial and management reporting processes; prepares forecasting and budgeting plans and conducts regular and ad-hoc financial reporting as required by the Board of Directors, President and CEO, shareholders, and other members of Senior Management, including, but not limited to, production reporting, financial analysis at the product and cost center level, and expense control.

7.    Develops, implements, and monitors accounting policies, procedures, practices, and internal controls; establishes and maintains accounting, and fiscal controls and the preparation and interpretation of internal and external financial reports; conducts business line and product profitability analysis; and works with the Chief Credit Officer in the calculation and methodology of the Bank’s allowance for loan and lease losses (ALLL)/current expected credit losses (CECL).

8. Oversees the preparation of all regulatory filings including quarterly Call Reports, tax filings, in addition to other reports that may be requested by various regulatory agencies.

9. Participates in the evaluation of potential merger and acquisition (M&A) candidates and coordinates the preparation of M&A financial projections.

10. Assures audit compliance and procedure quality control are maintained for the department and Bank; reviews, recommends, and initiates corrective actions; oversees certification and audit activities for all branches and departments; and ensures department follows established Bank policies, procedures and state and federal regulations.

11. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; and accepts responsibility for own actions.

12. Assures compliance with all Bank policies, procedures and processes, and all applicable state and federal banking laws, rules and regulations, and adheres to Bank Secrecy Act (BSA) responsibilities that are specific to the position.

ENVIRONMENTAL & PHYSICAL ACTIVITY:

 The incumbent is in a non-confined office type setting in which he or she is free to move about at will. The position includes driving Bank personnel or driving to Bank meetings approximately 5-15% of the time which includes exposure to the outside weather elements and moving mechanical parts. It may include some minor annoyances such as noise, odors, drafts, etc. 

The incumbent while performing this position spends time writing, typing, speaking, listening, lifting (up to 40 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling, and reaching.

The incumbent for this position may operate any or all of the following: telephone, smart phone, copy and fax machines, adding machine (calculator), check protector, scanner and image systems, scanning equipment, encoder, money counter, credit card terminal, typewriter, computer terminal, laptop computer, personal computer, tablet, printers, or other equipment as directed.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  

Education & Experience:

• Bachelor’s degree from a college or university; or 10+ years of related experience and/or training. Work related experience must consist of management experience in the financial services industry. Educational experience, through in-house training sessions, formal school, or financial industry related curriculum, should be business or financial industry related. A CPA designation, professional banking school completion and accreditation and/or advanced education beyond a college degree is preferred, ideally in a financial or business discipline, such as master’s degree or MBA.

The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT: Integro Bank. is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other basis protected by law.

Integro expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of i’s employees to perform their job duties may result in discipline up to and including discharge.

Benefits: Comprehensive package including: Health, dental and vision insurance, paid time off, company paid life insurance, short and long-term disability, 401k, and tuition savings program.