(CFO) Chief Financial Officer

Who We Are:

For over 65 years, The First State Bank has remained committed to serving communities and customers alike by providing the products our customers want while staying true to our motto – “Friendliest Bank Anywhere”. With this as our foundation, FSB has grown to include twelve full-service branches along with two loan production offices primarily situated in southeast Texas. Our vision for growth is cemented in staying true to our roots while continuing to add highly motivated, qualified individuals to our already talented team.

Position Summary:

This position is responsible for planning, organizing, leading, and controlling accounting and financial reporting systems and administrative services for The First State Bank. Provides counsel to the CEO, President, and BOD regarding FSB’s internal accounting and financial reporting policies and develops, proposes, implements, and administers financial and accounting policies, procedures, and systems that ensure compliance with generally accepted accounting and auditing principles and control financial risks. Conducts analysis and oversees regular reports that accurately depict the financial status of FSB.

Essential Duties:

• Plans, organizes, and provides leadership and control to achieve overall financial management, investment portfolio profitability, and risk management goals and objectives of FSB. Oversees the preparation of reports for and makes recommendations relative to areas of responsibility to the CEO and President. Guides and directs activities of all personnel under his/her immediate control
• Coordinates overall development, communication, and monitoring of the annual profit plan for FSB. Develops, communicates, and achieves an annual profit plan for his/her area of responsibility. Reviews and provides direction for planning model assumptions
• Participates in goal setting and the development of business plans relating to the volume of the investment portfolio, asset quality, and asset/liability management
• Resolves and provides guidance for difficult or complex accounting issues or operations problems or financial transactions of a complex, risky, or unusual nature. Supervises the preparation of cost analysis and financial reports and reviews significant proposed investments or financial transactions
• Manages the relationships between FSB and outside auditors and examiners. Coordinates the activities of management and the Bank’s outside auditors in developing and implementing plans to strengthen accounting controls and risk management
• Develops, recommends, and implements FSB’s investment policies, procedures, and controls. Manages FSB’s investment portfolio in accordance with FSB policies, procedures, and regulatory guidelines. Maintains a system of controls for safeguarding the Bank’s investment funds and ensures implementation of investment strategy including recommending and making adjustments as needed to improve earnings and manage risk
• Directs the preparation of all financial statements, including income statements, balance sheets, shareholder reports, tax returns, and governmental agency reports
• Compares sales and profit projections to actual figures and budgeted expenses to actual expenses. Makes or oversees any necessary adjustments to future projections and budgets

Skills:

• Proficient ability to use computer software applications
• Comprehensive knowledge of prudent financial and accounting policies and procedures and applicable state and federal regulations
• Extensive understanding of asset/liability management techniques

Position Requirements:

• Education: BBA or BS degree in accounting, finance, or business administration from an accredited university and designation as a CPA. Masters preferred.
• Experience: 5 years of experience in a senior financial position with increasingly responsible administrative experience representing a financial institution

EOE/Veterans/Disability