Chief Financial Officer in Watseka

This website is AudioEye enabled and is being optimized for accessibility. To open the AudioEye Toolbar, press "shift + =". Some assistive technologies may require the use of a passthrough function before this keystroke. For more information, activate the button labeled “Explore your accessibility options”.Chief Financial Officer (CFO)Watseka, IL locationJOIN A HIGH PERFORMING COMMUNITY BANKThe First Trust and Savings Bank (FTSB), a locally owned financial institution in east-central Illinois, has an excellent opportunity for an experienced professional to join our financial institution as the Chief Financial Officer (CFO). Established in 1909, FTSB provides financial services to local communities in Iroquois and surrounding counties.We are currently accepting applications/resumes to replace a retiring CFO. This position is responsible for directing the financial functions of the organization in accordance with generally accepted accounting principles along with practices appropriate for the banking industry.The CFO is directly responsible for the financial activities of the bank and its parent, the bank holding company. This position oversees all accounting and financial reporting, budgeting, regulatory reporting, financial planning, policies, and procedures including accounts, operations, financial systems, investment activities, funds management, budgeting process/tracking and financial audit. The CFO is an active participant in bank operations, including the supervision of the Operations Manager who is responsible for deposit operations, data processing, bookkeeping, and teller functions.This position requires compliance with all bank policies and procedures, as well as all applicable state and federal banking regulations, including BSA/AML.Primary Duties and ResponsibilitiesAccounting FunctionsInvestment accounting/bookkeeping - posting, balancing, etc.Coordinate with senior management and prepare annual budgetResponsible for bank’s Statement of Condition and Income StatementWork with outside auditors and accountants as neededProvide accounting and ancillary information for bank examsManage subsidiary ledgers for tax accruals, depreciation, prepaid expenses, etc.Monitor capital contingency planningMonitor and control the non-interest costs of the bank and ensure compliance through established guidelinesFinancial ReportingCall Report preparationAsset/liability management (ALM) monitoring/reportingPreparation of monthly charts and graphs for CEO and BoardIRS forms prep/reporting (1099 etc.)Proficiency with all HR practices and employment form filingsBank Operations ManagementDetailed knowledge of bank’s core operating system and other banking/processing software packagesReview/sign expense checks (as internal control)Review/sign internal account reconciliations at least monthlyAssist other managers and staff with compliance, marketing, etc.Assist all staff as needed to elevate customer serviceSupervise Operations Manager and assist tellers and bookkeepers as neededAssist with monitoring/purchasing of critical and other suppliesMaintain electronic and other equipment in bank, including repairs and replacements, and assist with general maintenance of facilitiesFirst Trust Holdings TreasurerMaintain accounting and provide reports for holding companyPreparation of holding company official filings (FR-Y9, etc.)Bank CommitteesPrepare materials and minutes for ALM Committee meetingsPrepare minutes for Audit functions at Board meetingsParticipate in meetings as assignedSenior Management AssistanceHelp with product/service development and other marketing initiativesAssist with strategic planning and related action plansWork with CEO and Executive Administrative Assistant on HR issues, including HR Policy enforcement, time & attendance, benefits, etc.Create and edit various bank policies as neededProvide CEO with statistical and other reports for research & development, audit, etc.Qualifications and RequirementsBachelor's degree in accounting/finance/business management or related field5+ years’ experience in financial reporting, accounting, general ledger, financial systems forecasting/budgeting, and preparation of all financial reportsAccomplished leadership skills, including the ability to supervise, motivate and train employeesExecutive-level experience preferred with emphasis in the areas of financial planning, reporting, asset/liability, and securities portfolio managementExcellent analytical, organizational, and detail-oriented skills; strong communication skills, both oral and written; and strong management/interpersonal skillsFlexible and results-oriented with strong problem-solving and decision-making skillsThe First Trust and Savings Bank offers a competitive compensation and benefits package.Qualified candidates should submit a resume online to telephone calls, please.The First Trust and Savings Bank is an equal employment opportunity employer. We adhere to a policy of making employment decisions without regard to race, color, religion, sex, marital status, sexual orientation, national origin, citizenship, age or disability. We assure you that your opportunity for employment with The First Trust and Savings Bank depends solely on your qualifications. #J-18808-Ljbffr

Created: 2025-09-17