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Northwest Bank · 1 week ago

Line of Business CFO - Commercial

Columbus, OH

Full-time

Onsite

Director/Executive

12+ years exp

Northwest Bank is seeking a Line of Business CFO for their Commercial division. This role involves providing strategic financial support, overseeing business line finance responsibilities, and guiding leadership in financial matters to drive performance and achieve targeted outcomes.

BankingFinancial Services

Responsibilities

Experience acting as a Line of Business CFO supporting Commercial

In depth knowledge of the banking industry

Create a business review clearly stating the priorities, success measures and projected financial outcomes of the business line

Play a lead role with the creation of the annual budget and subsequent forecasts, including data gathering and preparation of exhibits for senior leadership, including identification of potential financial risks and opportunities

Analyze and/or create where necessary, production and budget metrics impacting the income statement and balance sheet

Work with the Commercial Bank to explain variances to budget/forecast and clarification of profitability reporting

Ability to work with and influence leadership across all levels

Prepare financial statements, analyze performance and provide insights and explanations, enabling business leaders to make more informed decisions

Provide financial expertise and guidance on key decisions and initiatives

Provide targeted financial expertise to help improve financial performance

Provide guidance for quarterly earnings, analyst calls and Board of Directors meetings

Establish strong KPIs and metrics to track overall business performance

Maintain documentation of all processes within the Business Finance team, including the creation of process documentation that may not currently exist

Support the development and documentation for line of business strategic plan

Perform ad-hoc analysis, as necessary

Ability to manage, develop and supervise other individuals as part of a team

Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations

Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency

Work as part of a team

Work with on-site equipment

Complete other duties and special projects as requested by management

Provide leadership and positive direction for maintaining the safety and loss prevention program

Actively participate in and support employee participation in the safety and loss prevention program by ensuring that employees know how to properly report a safety issue, making sure that all accidents are promptly reported to Human Resources and documented, and ensuring that prompt action is taken whenever workplace hazards are identified

Help implement emergency procedures

Qualification

Line of Business CFOFinancial planningAnalysisBanking industry knowledgeBudget creationForecastingCFACPATeam leadershipDecision makingEffective communicationProblem solving

Required

Bachelor's Degree Finance, Accounting or related degree

Master's Degree Finance, Accounting or Business Administration

12 - 15 years Accounting, Finance or related work experience

8 - 12 years Experience leading a business line/P&L

8 - 12 years Financial planning and analysis, accounting, strategic planning with financial services industry

Experience acting as a Line of Business CFO supporting Commercial

In depth knowledge of the banking industry

Ability to work with and influence leadership across all levels

Ability to manage, develop and supervise other individuals as part of a team

Ability to identify existing and potential problems, obtain and evaluate relevant information, identify possible causes of the problems, and suggest an alternative course of action including innovative or creative approaches

Ability to allocate and effectively use information, personnel, time, and other resources necessary for implementation of Northwest's strategic plans

Ability to make decisions, render judgments, and take action on tasks within the scope of given authority in a timely fashion

Ability to develop, evaluate, and implement alternative courses of action, based on correct assumptions concerning resources and guidelines, and support decisions or recommendations with data or reasoning

Ability to present and express ideas and information effectively and concisely in an oral and/or written mode in a manner appropriate for the audience

Ability to listen and comprehend what others are saying and facilitate the open exchange of ideas and information

Ability to motivate and provide direction in the activities of others, appropriately assigning work and authority, in the accomplishment of goals; providing advice and assistance as required

Ability to understand and appropriately apply procedures, requirements, regulations, and policies; maintain credibility with others on specialty matters