Chief Financial Officer

Union Bank is seeking a Chief Financial Officer (CFO) to serve as a strategic business partner to the President/CEO and Board of Directors, responsible for the overall financial stewardship of the organization.

About the role

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.

Responsibilities

• Provide overall financial leadership and stewardship of the organization.
• Establish, coordinate, and maintain an accounting system that properly reflects the financial position of the financial institution, including financial consolidation of branches and subsidiaries.
• Ensure accurate financial reporting, sound capital and liquidity management, regulatory compliance, and provide clear financial insight to support the bank’s long-term stability and growth.
• Serve as a strategic advisor to the CEO and Board, leading long-term financial planning aligned with business strategy.

Financial Management & Reporting

• 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 GAAP.
• Ensure timely and accurate regulatory filings (e.g., Quarterly Call Reports).
• Maintain internal controls and financial policies to safeguard assets.
• Prepare budgets and forecast reports.
• Prepare regulatory reports, financial reports, ALCO reports, and other reports for Board or Director’s review, including the Annual Report and quarterly financial report to shareholders.
• Manage financial institution investment accounting activities.
• Manage and monitor general ledger accountancy activity and reconciliations.
• Supervise accounts payable process and approve processing of expense checks.
• Monitor and implement cost control strategies.

Regulatory Compliance & Risk Management

• 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.

Asset/Liability Management (ALM)

• 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.

Budgeting & Strategic Planning

• Lead annual budgeting and long-term financial planning processes.
• Provide financial modeling, forecasting, and scenario analysis for management and the Board of Directors.
• Support strategic initiatives including growth, branch expansion, and product development.

Treasury & Liquidity Management

• 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.

Board & Executive Reporting

• 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.

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.
• Make recommendations to management concerning possible methods to improve accounting functions.

• Perform other duties assigned by the President & CEO or Board of Directors.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field required; MBA, CPA, or CFA strongly preferred.
• 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; experience with financial systems and reporting tools preferred.
• Proven ability to drive strategic financial initiatives, influence decision-making, and communicate effectively with executive leadership and boards.

Skills

• Deep knowledge of GAAP, regulatory reporting, and banking regulations.
• Expertise in ALM, capital planning, and interest rate risk management.
• Strong strategic thinking and business acumen.
• Advanced financial modeling and analytical capability.
• Executive presence with strong communication and influencing skills.
• Proven ability to lead through change and transformation.
• High level of integrity and sound judgment.

Working Conditions

• Stationed at desk 75-100% of working time.
• Travel to branch locations periodically to assess and inspect building locations regarding maintenance/upkeep.
• No hazards or unusual physical exertion required.