VP, Chief Financial Officer

Hingham Institution for Savings•Hingham, MA

2d•Onsite

About The Position

The Chief Financial Officer directs the Bank’s financial accounting, reporting and treasury functions, along with certain risk and investment activities. As a senior management team member, the CFO provides analytical support and counsel to the Bank’s principals on capital planning and allocation, treasury, strategy and business direction. The role contributes to the Bank’s continuous improvement program, with a focus on reducing costs, improving operations and strengthening risk management. The CFO builds a small staff of talented employees and works with other business units to find efficiencies and develop operational leverage. The position reports to the President and COO and requires employees to work in the office.

Requirements

High ethical standards.
Undergraduate degree in a related field.
CPA, MBA or CFA.
Substantial experience as a Chief Financial Officer at a publicly traded, mutual or private bank.
Extensive knowledge of funds management, lending, operations, bank investments, GAAP application and asset/liability management in banking.

Responsibilities

Manage the general ledger and oversee internal, regulatory and public financial reporting.
Report the Bank’s financial position and results to the Chairman/CEO, President and COO, and Board of Directors.
Prepare financial projections and annual budgets, and maintain the Bank-wide budget program.
Oversee the external audit and coordinate the FDICIA/SOX internal control process, including control design and external testing.
Develop and implement asset/liability, liquidity, investment and accounting policies that comply with regulatory requirements and GAAP.
Review the investment portfolio, recommend actions within investment guidelines, and execute approved investment transactions.
Manage the mix and interest rate risk profile of wholesale funding, including brokered deposits, internet deposits and FHLB advances, to optimize interest rate risk and reduce funding costs.
Monitor cash flow and liquidity projections against actual results and recommend corrective action early.
Oversee the interest rate risk (IRR/ALM) program, including relationships with the model vendor and external consultant, and help evaluate funding strategies for asset growth.
Design and execute the Allowance for Loan Loss (ALL/CECL) and credit stress testing programs.
Coordinate the annual Joint Safety and Soundness Examination with the FDIC and Massachusetts Division of Banks.
Supervise the Bank’s insurance program.
Manage shareholder communications and public company reporting, including press releases, securities filings and Annual Meeting proxy materials.
Maintain corporate records and required corporate and regulatory reporting for the Bank and its subsidiaries.
Research and implement technology and process changes to systematize and automate work across the Finance Group and the Bank.
Use artificial intelligence, analytics and data to help other areas of the Bank achieve their business objectives.
Delegate responsibilities, train staff, evaluate performance and build a department-wide equal opportunity employment environment.