SantarosaRecruiter Since 2001
the smart solution for Santa Rosa jobs

Financial Officer

Company: Exchange Bank
Location: Santa Rosa
Posted on: January 23, 2023

Job Description:

Accounting Planning and Reporting - 40%

  • Direct the preparation of budgets including monthly analysis of variances.
  • Prepare reports that summarize and forecast business activity and financial position in areas of income, expense and earnings based on past, present and future expectations.
  • In conjunction with Controller, prepare monthly board reports.
  • Analyze and recommend insurance coverage to protect against property losses and potential liabilities.
  • Coordinate, develop and update written policies and procedures over the financial reporting process.
  • Preparation of monthly federal and state tax accounting and quarterly calculation of deferred taxes.
  • Ensure preparation of federal and state tax returns.
  • Research and resolve accounting issues including evaluation and implementation of new accounting pronouncements to ensure US GAAP compliant.
  • In conjunction with Controller, prepare footnotes for year-end financial statements.
  • Recommend and implement cost saving measures including evaluation of process efficiency.
  • Maintain and strengthen internal controls over the financial reporting process.
  • Preparation of annual cost center accounting.
  • Advise accounting staff regarding the handling of non-routine transactions.

    Model Management - 40%

    • Manage the Bank's models both internally-developed and purchased from a vendor.
    • Model management includes review of model assumptions, verification of data used in modeling process, reporting and analysis of model outputs.
    • Maintain policies and procedures.

      The Bank's models include:

      • Asset Liability
      • Relationship Profitability
      • CECL / Sageworks
      • Liquidity Stress Testing
      • Management Performance Dashboard
      • Capital Stress Testing

        Investments - 10%

        • Involvement in the day-to-day investment process including approval of investments proposed by investment manager and reporting to Investment Committee and Board of Directors.

          Other Duties - 10%

          • Attend internal and external management meetings and represent the Bank at external functions and activities.
          • Perform special projects as required.
          • Perform other duties as assigned.


            Core Job Specific Competencies:

            • Business Acumen: Demonstrates thorough understanding of a wide range of elements of the Bank's business and the customers, industries, and partners with which the Bank is involved.
            • Customer Service: Provides internal and external customers with the products and services that match their needs in a timely, efficient manner; follows up on customer complaints, questions, and requests.
            • Decisiveness / Decision Making: Makes decisions authoritatively and wisely after adequately contemplating various available courses of action; considers alternative actions, resources, and constraints, and appropriately balances needs and desires before selecting method for accomplishing task or project.
            • Planning / Organizing: Coordinates resources effectively and develops courses of action that support strategic goals and objectives; anticipates potential problems and takes proactive steps to avert or overcome them.
            • Verbal Communication: Expresses ideas effectively in individual and group situations adjusting style and methods to meet the specific needs of the audience; attentively listens to others to gather data and paraphrase meaning to verify understanding.
            • Written Communication: Uses correct English grammar, punctuation, and spelling; communicates information (for example facts, ideas, or messages) in a succinct and organized manner; produces written information, which may include technical material that is appropriate for the intended audience.

              Knowledge, Skills and Abilities:

              • Strong technical US GAAP accounting knowledge
              • Thorough knowledge of accounting procedures and practices and operational functions within a full-service financial institution.
              • Knowledge of best practices in internal controls
              • Knowledge of regulatory requirements for financial institutions, with knowledge of regulatory requirements for community banks.
              • Skill in reading, analyzing and interpreting business periodicals.
              • Skill in comprehending technical procedures, government regulations and reports and to apply the information to improve the Bank's performance.
              • Skill in analyzing and comprehending financial statements, as well as to grasp the impact of financial information.
              • Skills operating a personal computer with word processing, spreadsheet, database, and project management software.
              • Ability to multi-task, work under pressure and meet deadlines.
              • Ability to work collaboratively across departmental functions.

                Licenses and Certifications:

                • CPA designation is required.

                  Physical Requirements:

                  • Ability to stand, bend, stoop, sit, walk, twist and turn.
                  • Ability to lift up to 25 pounds occasionally.
                  • Ability to use a computer keyboard and calculator.
                  • Work environment is indoors, majority of the time is spent sitting at a desk.

                    Education and Experience:

                    A combination of education and experience equivalent to a Bachelor's degree in accounting, finance or related field; and knowledge typically gained through a minimum of six to eight years of public accounting firm or related experience. Financial institution experience preferred, not required.


                    Salary Range for this position is $125,000 to $185,000 per year.

                    Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

                    The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Keywords: Exchange Bank, Santa Rosa , Financial Officer, Accounting, Auditing , Santa Rosa, California

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category

Log In or Create An Account

Get the latest California jobs by following @recnetCA on Twitter!

Santa Rosa RSS job feeds