**Belmont Savings Bank is a proud community bank committed to serving individuals, families, and businesses with personalized service and sound financial related solutions. As a mission-driven institution, we value trustworthiness, integrity, personal accountability, adaptability, and reliability to drive our long-standing relationships with our customers and our community. We are currently seeking a strategic and hands-on Chief Financial Officer (CFO) to join our executive team and lead the bank’s financial health and strategic direction. **
****Position Summary:** **
**The CFO is responsible for managing and directing all financial functions of the bank, including accounting, financial reporting, budgeting, investments, asset/liability management, and regulatory compliance. As a member of the executive leadership team, the CFO plays a key role in guiding the bank’s strategic direction and long-term sustainability while ensuring operational excellence and fiscal responsibility. **
****Primary Duties & Responsibilities:** **
**Financial Management & Reporting **
- **Oversee preparation and accuracy of financial statements in accordance with GAAP and regulatory standards. **
- **Ensure timely monthly, quarterly, and annual reporting to internal and external stakeholders. **
- **Manage the bank’s general ledger and accounting functions. **
**Budgeting & Forecasting **
- **Lead the annual budgeting process, providing insight and analysis to support strategic goals. **
- **Prepare regular financial forecasts and variance analyses for executive and board review. **
**Asset/Liability & Treasury Management **
- **Monitor and manage the bank’s liquidity, capital, and interest rate risk through effective asset/liability strategies. **
- **Oversee investment portfolio in compliance with policy and risk tolerances. **
**Regulatory Compliance & Risk Oversight **
- **Ensure compliance with federal and state banking regulations, including regulatory filings. **
- **Liaise with auditors, examiners, and regulatory agencies. **
**Strategic Leadership **
- **Serve as a key advisor to the CEO and Board of Directors on financial strategy and performance. **
- **Participate in long-term strategic planning, M &A evaluation, and growth initiatives. **
- **Identify opportunities for operational efficiencies and cost savings across departments. **
**Team Leadership & Development **
- **Supervise and mentor finance and accounting team members. **
- **Promote professional development and ensure cross-functional collaboration. **
****Qualifications:** **
**Education & Experience **
- **Bachelor’s degree in Accounting, Finance, or related field (required); CPA or MBA (preferred). **
- **Minimum of 7-10 years of progressive financial leadership experience, preferably in banking or similar financial services. **
- **Prior experience as a Controller, VP of Finance, or CFO in a community bank or similar institution is strongly preferred. **
- **Must have very effective verbal and written communication skills and the ability **
- **Must be anticipatory and have the ability to adjust to situations and circumstances to achieve meaningful bank developed objectives and results. **
Knowledge, Skills & Abilities:
- ** Deep understanding of banking regulations, GAAP, and risk management principles. **
- **Proficiency with core banking systems and financial analysis tools. **
- **Strong leadership, communication, and interpersonal skills. **
- **Strategic thinker with attention to detail and a hands-on approach. **
- **Ability to translate complex financial data into actionable insights for leadership and the board. **
- **Commitment to community values and mutual banking principles. **
****Why Join Us?** **
**At Belmont Savings Bank, you’ll be part of a mission-driven institution with a culture of trust, collaboration, and community impact. We offer competitive compensation, benefits, and the opportunity to shape the future of a growing and respected community bank. **
Please apply by no later than May 5, 2025.
Equal Opportunity Employer