Chief Financial Officer - Grand Rapids, MI

Apply Now

Position Summary
The Chief Financial Officer (CFO) serves as a strategic business partner to the President/CEO and Board of Directors, responsible for the overall financial stewardship of the organization. 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.

Essential 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

Essential Functions
Primary Responsibilities

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

Core Job Responsibilities
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 Financial Accounting Standards Board (GAAP) 
• Ensure timely and accurate regulatory filings (e.g., Quarterly Call Reports) 
• Maintain internal controls and financial policies to safeguard assets 
• Responsible for preparation of budgets and forecast reports.
• Prepare regulatory reports, all financial reports and consolidations, ALCO reports, various other reports for Board or Director’s review, Annual Report and quarterly financial report to shareholders.
• Manages financial institution investment accounting activities.
• Manages and monitors general ledger accountancy activity and reconciliations.
• Supervises accounts payable process, approves processing of expense checks.
• Monitors cost control strategies. Approves and implements cost control strategies on an as-needed basis.

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 BOD
• 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

Other Functions

• Other duties assigned by the President & CEO or Board of Directors.
• Make recommendations to management concerning possible methods to improve accounting functions of department.