Chief Financial Officer

Union Bank of Michigan•Grand Rapids Charter Township, MI

10d•Onsite

About The Position

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.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field required
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
Proven ability to drive strategic financial initiatives, influence decision-making, and communicate effectively with executive leadership and boards

Nice To Haves

MBA, CPA, or CFA strongly preferred
experience with financial systems and reporting tools preferred

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