Chief Accounting Officer

Are you a strategic financial leader ready to make an impact at one of the most dynamic community banks in the region? Old Point National Bank is seeking an exceptional Chief Accounting Officer (CAO) to join our leadership team. This is a rare opportunity to bring your expertise to a highly admired Community Bank with deep community roots and a commitment to excellence.

Why Join Us?
At Old Point we are more than just numbers - we're dedicated to making a positive impact with our customers, our community, and each other. As CAO, you'll play a pivotal role in shaping the future of our financial strategy, ensuring accuracy and compliance, and leading a team of talented professionals. Your contributions will directly support the bank's growth, innovation, and continued success.

The Chief Accounting Officer is primarily responsible for accounting/finance operations, including, but not limited to, financial close process and SEC filings, revenue recognition, cash and AR management, internal controls, audit and tax oversight and support, managing and providing leadership and oversight to the Finance staff. Responsible for preparing and/or reviewing financial statements and reports, special accounting reports, and regulatory reports.

Essential Functions

1. Oversees and directs activities of the Finance department and staff, providing administrative and operational support and assistance as needed and required.
2. Prepares special accounting reports for management and the board.
3. Oversees the production of periodic financial reports; ensures that the reported results comply with generally accepted accounting principles or international financial reporting standards.
4. Perform analysis of financial results and conclude cause of variances.
5. Ensure robust controls are in place to support timely and accurate production of statutory, regulatory, and any other financial reports as required.
6. Participates in oversight and management of exposure levels related, but not limited, to capital adequacy, liquidity, credit, and asset liability management.
7. Plans, schedules, and monitors the annual departmental budgeting process, including but not limited to, budget forecasts; reports significant budget differences to management.
8. Assists in the processes related to completion, analysis/review, and timely submission of required regulatory reporting to various applicable regulatory bodies.
9. Supports the Chief Financial Officer in various duties and projects.
10. Exercises the usual authority of a manager concerning staffing, training, performance appraisals, promotions, salary recommendations, and terminations.
11. Maintains a documented system of accounting policies and procedures; implements a system of controls over accounting transactions to minimize risk.
12. Provides financial analysis, with emphasis on capital investments, pricing decisions, and contract negotiations.
13. Works with external auditors and supervises the collection of needed information for the audits.
14. Ensures compliance with local, state, and federal government requirements.
15. Responsible for staff development, motivation, and performance management.
16. Monitors changes to GAAP, RAP, and internal changes from business transactions that impact regulatory reporting and execute regulatory change management practices, including developing and implementing processes to comply with new financial reporting requirements.
17. Assists in the development of process efficiencies, data quality improvement projects, and technology enhancement initiatives, including assessment and implementation of financial hierarchy changes.
18. Assist with closing the books, sub-ledgers, and consolidation processes.
19. Participates in development and financial analysis related, but not limited, to budgeting forecasting, projecting, and strategic planning.
20. Utilizes appropriate methods for interacting sensitively, effectively, and professionally with persons from diverse cultural, socioeconomic, educational, racial, ethnic and professional backgrounds, and persons of all ages and lifestyle preferences.
21. Accountable for the understanding of and adherence to operational controls, policies, procedures and processes to ensure compliance with bank policies and related laws and regulations.
22. Performs other duties as required or assigned which are reasonably within the scope of the duties in this job classification.

Position Requirements (Knowledge/Skills/Abilities)

1. Thorough knowledge and understanding of general accounting principles, methods and procedures, and regulatory reporting requirements as applicable to financial institutions.
2. Advanced knowledge of MS Office (Excel, Word, PowerPoint, Outlook, Teams, OneDrive), and the ability to learn other software programs and browser-based applications.
3. Understanding of regulatory reporting instructions & banking regulations, trend analysis preparation/movements, end-to-end regulatory report production life cycle, and preparation of written communication to management and to regulators in a clear, concise, and useful manner.
4. Strong written and oral communication skills and ability to distill and convey information in a compelling manner.
5. Skill in adopting technological advancements and facilitating into current and future responsibilities.
6. Agile in Action - Adapts to changes in the business, demonstrating innovation to improve the organization and advance the business into the future.
7. Skill in managing people effectively, including utilizing best practices in performance management.
8. Skill in being aware of, controlling, and expressing one's emotions, and to handle interpersonal relationships judiciously and empathetically.
9. Skill in understanding what motivates people and using that to encourage productivity.
10. Skill in systems thinking - understanding of the link between one's own job responsibilities and overall organizational goals and needs and performs one's job with the broader goals in mind.
11. Demonstrated ability to communicate with internal and external constituencies in a persuasive and professional manner, including articulating the bank's message while establishing cooperative working relationships with a diverse array of individuals contacted in the course of the performance of assigned duties.
12. Ability to demonstrate support for innovation and for organizational changes needed to improve the organization's effectiveness; initiating, sponsoring, and implementing organizational change; helping others to successfully manage organizational change.
13. Understands business implications of decisions; displays orientation to profitability; demonstrates knowledge of market and competition; aligns work with strategic goals and performance objectives.
14. Ability to work collaboratively, communicate effectively and have positive relationships with customers (internal and external).
15. Ability to anticipate, monitor, and meet the needs of customers (internal and external) and respond in an appropriate manner.
16. Ability to exhibit sound and accurate judgment; can clearly explain reasoning for decisions; includes appropriate people in decision-making process; demonstrates persistence and overcomes obstacles; takes calculated risks within bank tolerance to accomplish goals.
17. Ability to energize and alert groups to the need for specific changes in the way that garners support.
18. Possesses the drive to work towards a standard of excellence.

Education/Experience:

1. Bachelor's degree in Economics, Finance, Accounting, or related field.
2. Minimum of eight (8) years' experience in Finance in a managerial or Controller level position.
3. Experience working in the Finance department of a financial institution preferred.
4. CPA license preferred.
5. Experience with Regulatory reporting for a publicly traded financial institution preferred.
6. Working experience with Prologue preferred.

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit, use hands to finger, handle, or feel and talk or hear and occasionally required to stand, walk, reach with hands and arms and stoop, kneel, crouch, or crawl. Specific vision requirements for the job include close vision (at 20 inches or less) and the ability to recognize colors.

Working Conditions

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The work environment is typically indoors and in an office setting. The noise level within the work environment is typically moderate.

The specific statements shown in each section of this position description are not intended to be all-inclusive. They represent typical elements and criteria necessary to successfully perform the job.

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