Position Summary

The Chief Financial Officer (CFO) serves as a strategic business partner to the President/CEO and Board of Directors, responsible for the overall financial stewardship of the organization. The CFO leads financial strategy, planning, and performance management to ensure long-term safety, soundness, and growth.

This role oversees accounting, financial reporting, asset/liability management (ALM), treasury, capital planning, and regulatory compliance while delivering actionable insights to drive decision-making. The CFO plays a critical role in enterprise risk management, digital finance transformation, and organizational strategy.

Essential Skills

• Deep knowledge of GAAP, regulatory reporting, and banking regulations
• Expertise in ALM, capital planning, and interest rate risk management
• Strong strategic thinking and business acumen
• Advanced financial modeling and analytical capability
• Executive presence with strong communication and influencing skills
• Proven ability to lead through change and transformation
• High level of integrity and sound judgment

Essential Functions

Primary Responsibilities

• Provide overall financial leadership and stewardship of the organization.
• Establishes, coordinates and maintains an accounting system that properly reflects the financial position of the financial institution, and provides financial consolidation of branches and subsidiaries.
• Ensures accurate financial reporting, sound capital and liquidity management, regulatory compliance, and provides clear financial insight to support the bank’s long-term stability and growth.
• Serve as a strategic advisor to the CEO and Board
• Lead long-term financial planning aligned with business strategy

Core Job Responsibilities

Financial Management & Reporting

• Oversee all accounting functions, including general ledger, financial reporting, and month-end/Quarter-end/year-end close
• Prepare and present accurate and timely financial statements in accordance with Financial Accounting Standards Board (GAAP)
• Ensure timely and accurate regulatory filings (e.g., Quarterly Call Reports)
• Maintain internal controls and financial policies to safeguard assets
• Responsible for preparation of budgets and forecast reports.
• Prepare regulatory reports, all financial reports and consolidations, ALCO reports, various other reports for Board or Director’s review, Annual Report and quarterly financial report to shareholders.
• Manages financial institution investment accounting activities.
• Manages and monitors general ledger accountancy activity and reconciliations.
• Supervises accounts payable process, approves processing of expense checks.
• Monitors cost control strategies. Approves and implements cost control strategies on an as-needed basis.

Regulatory Compliance & Risk Management

• Ensure compliance with applicable regulations and guidance from regulators such as the Federal Deposit Insurance Corporation, Federal Reserve, and DIFS
• Partner with compliance and risk teams to monitor financial risks, including interest rate risk, liquidity risk, and capital adequacy
• Support internal and external audits and regulatory examinations

Asset/Liability Management (ALM)

• Lead the Bank’s Asset/Liability Committee (ALCO) process
• Monitor and manage interest rate risk, liquidity, and balance sheet structure
• Develop strategies to optimize net interest margin and earnings performance

Budgeting & Strategic Planning

• Lead annual budgeting and long-term financial planning processes
• Provide financial modeling, forecasting, and scenario analysis for management and BOD
• Support strategic initiatives including growth, branch expansion, and product development

Treasury & Liquidity Management

• Oversee cash management, funding strategies, and investment portfolio
• Ensure adequate liquidity to meet operational and regulatory requirements
• Manage relationships with correspondent banks and funding sources

Board & Executive Reporting

• Prepare and present financial reports to the Board of Directors
• Provide insights into financial performance, trends, and key risks
• Serve as a strategic advisor to executive leadership

Leadership

• Lead, develop, and mentor the finance and accounting team, Investment team, and Facilities.
• Foster a culture of accountability, accuracy, and continuous improvement
• Collaborate cross-functionally with operations, lending, risk, and compliance
• Build strong relationships with Board members, regulators, and auditors
• Translate financial data into clear, actionable insights for decision-making

Other Functions

• Other duties assigned by the President & CEO or Board of Directors.
• Make recommendations to management concerning possible methods to improve accounting functions of department.

Working Conditions of the Job

• Stationed at desk 75-100% of working time.
• Travel to branch locations periodically to assess & inspect building location regarding maintenance/upkeep.
• No hazards.
• No unusual or physical exertion required.

Job Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field required; MBA, CPA, or CFA strongly preferred
• 10–15+ years of progressive financial leadership experience, with a proven track record in senior/executive roles
• Demonstrated experience leading complex, multi-functional teams or business units
• Extensive experience within banking or highly regulated financial services (e.g., community banking, commercial banking, or credit unions)
• Strong knowledge of GAAP, regulatory reporting, and financial management in regulated environments
• Advanced proficiency in Microsoft Office Suite, particularly Excel; experience with financial systems and reporting tools preferred
• Proven ability to drive strategic financial initiatives, influence decision-making, and communicate effectively with executive leadership and boards

EEO Statement

Union Bank provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Further, the company takes affirmative action to ensure that applicants are treated fairly during employment without regard to any of these characteristics. Discrimination of any type will not be tolerated.

This job description does not list all of the duties of the job. Other duties and responsibilities may be assigned. This job description may be revised at any time. This job description is not a contract for employment and either the employee or the employer may terminate employment at any time, for any reason or no reason.