Profinium Bank has a unique opportunity for a Chief Finance Officer based out of our Mankato location! We are a full-service, family-owned bank located in Southern MN. We offer Personal and Business Banking, Mortgage, Insurance, and Investments. Our services provide tools for our clients to achieve their financial well-being goals. We believe that your AMAZING is possible & we are dedicated to helping both our employees & clients achieve their dreams.
Why work at Profinium? As some of our employee testimonials highlight, we value each other, positivity, and collaboration. We thrive on connectivity, teamwork, and pursuing innovative ways to help our employees grow personally & professionally.
We care for our employees & their family members, and we understand the importance of whole well-being. We offer various benefits to our employees & their family members, including:
- Health Insurance
- Dental Insurance
- Vision Insurance
- HSA with Company Match
- Short-Term Disability Insurance (100% paid by Profinium)
- Basic Life Insurance (100% paid by Profinium)
- Supplemental Life Insurance for employees and their spouse/dependents
- Critical Illness Insurance
- Accident Insurance
- Hospital Indemnity
- 401K Plan with a generous company-match of up to 5%
- Profit Sharing Plan
- Flexible Spending Account Options
- -Dependent Care
- Education Assistance Program
- Fitness Reimbursement
- Wellness Program
- Employee Assistance Program
- Generous Paid Time Off
- Paid Holidays
- E-Team – program that delivers Energy, Excitement & Engagement to our team!
- Built-In Career Pathing
- Community Involvement Opportunities
- Training & Development
- Leadership Opportunities
- Salary Range for this position: $110,000.00 to $184,000.00 annual salary, plus bonus
Check out this NEW career opportunity and see how Profinium Bank can make your AMAZING Career Possible!
Scope
You report all of the organization’s fiscal operating results utilizing generally accepted accounting principles, ensuring the safeguard of the organization’s assets. You counsel senior management on fiscal control & profitability; prepare, present, & interpret financial reports to senior management; adhere to tax laws & regulatory compliance to properly reflect the financial position of the organization. You provide leadership, training, & supervision over the finance, accounting, IT & maintenance departments. You are responsible for assisting in development of organization & department financial goals. You & your team are key contributors to generating AMAZING organizational results!
Accounting – Tax – Financial Management & Reporting 30%
- You develop accounting procedures that will result in timely, accurate & meaningful reporting of the organization's financial condition.
- You oversee the development of holding company, bank, department & subsidiary budgets.
- You coordinate the regulatory reporting process for the bank, holding company, & affiliates & you are active in regulatory examination management, communications, responding to requests & completing required reporting.
- You develop, implement & utilize branch & department accounting that ties to overall financial reporting & is a meaningful, workable tool for management.
- You oversee the report-generating vendor to ensure accuracy, completeness & timeliness. This involves the understanding & integration of technology data, reports & ensuring the right people are engaged to capture the revenue opportunities in our system.
Leadership / Management / Accountabilities (LMA) 25%
- You supervise Finance, IT & Maintenance personnel.
- You work toward the achievement of the Profinium Strategic Plan accomplishing personal results in alignment with key company objectives. Coach team members to make individual contributions to these initiatives.
- Assess the developmental needs & career paths of all staff reporting to this position & make recommendations for their advancement.
- Conduct routine performance analysis, coaching & rock-setting for staff including annual reviews. This will include hiring, training, empowerment, promotion, dismissal & all processes involved in such, as per parameters established by the CEO, Board of Directors, & the Employee Handbook.
- You Lead team members using both the Traction System & Profinium Effective Leadership to ensure consistent protocol & communications to develop team members.
- You comply with & enforce organization policies, systems, processes & procedures with a strong commitment to the overall direction & focus of the organization.
- You maintain effective working relationships with other departments, managers, vendors & employees.
- You are an integral member of & contributor to the Senior Leadership Team which is responsible for organizational profitability, growth & strategic initiatives.
- You serve on the Board of Directors as an executive representative at Board & related meetings.
- Engage in community activities that assist in developing & enhancing the bank’s reputation as the leading provider of financial services in our markets. Active participation in leadership roles within the community is strongly encouraged.
- As a part of the overall team of bank employees, you may be requested to assist in the support of other bank activities.
- You promote the AMAZING positive & energetic environment at Profinium by embracing our Purpose, Pledge & Pursuits (P3’s) & Core Values to guide your behavior.
Funds & Investment Management – Asset Liability – Balance Sheet Management 20%
- You oversee the management of the organization’s investment portfolio & are responsible for managing this portfolio with all the regulatory process & reporting requirements.
- You research & recommend alternative funding sources & ensure adequate funds are available at all times in the event of deposit balance declines.
- You Chair the Asset/Liability Management Committee
o Proactively Manage Balance Sheet/ALM/Investments Management Vendor relationship
o Assists in the development of detailed Balance Sheet management reports with chosen vendor to
ensure maximized earnings, managing risk & meeting regulatory expectations in reporting, compliance, etc.
o Ensures policies & procedures are current with regulatory expectations & are upheld within
the ALCO Committee.
Competencies
Adaptability – Analytical Thinking – Communication – Independent/Sound Judgement
Organizational Skills – Delegation - Leadership/Management/Accountability
Technology Driven – Detail Oriented – Problem Solving – Time Management
Risk & Compliance Management – Innovation – Change Management – Strategic Thinking
Education, Experience & Skills
- You value positive client experiences & are capable of committing to a team culture like no other!
- You take pride in providing a quality product & having fun along the way!
- You have a 4-year degree in a related field (Master’s Degree is preferred, but not required)
- CPA designation preferred, but not required
- You have 10+ years of related experience
- You have at least 5+ years of management & leadership experience
- Expert experience, knowledge and training in financial statement & tax return analysis, typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas.
- Working knowledge of all Operations activities & terminology.
- Expert knowledge of related state & federal operations compliance regulations, & other bank policies.
- Advanced math skills; calculate interest, commissions, proportions, & percentages; balance accounts; add, subtract, multiply & divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio & percent, including the drafting & interpretation of bar graphs.
- You have the ability to work with multiple levels of management & bank staff
- Strong computer skills working with a variety of software applications; Expert knowledge of Microsoft Excel
- You have the skills needed in a typical office environment, including computer skills & utilization of office equipment
While performing the duties of this job, you are regularly required to move about inside the office to access file cabinets, office machinery, attend meetings, etc. You have the ability to operate a computer, carry, handle & feel objects; reach with hands & arms; communicate effectively & efficiently in person & over the phone. You must occasionally lift &/or move up to 25 pounds or more with assistance. You have the ability to travel to other locations as needed. Specific vision abilities required include close vision, distance vision, peripheral vision, depth perception & the ability to adjust focus.
The requirements listed above are representative of the knowledge, skills &/or abilities required for this position. Reasonable accommodations can be made to enable individuals with disabilities to perform the essential functions of this job. This document is intended to describe the general content & performance requirements of this position. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements & does not imply a contract. Other duties may be assigned. Profinium has the exclusive right to alter this job description at any time without notice.