Stearns Bank N.A. · 6 hours ago
Chief Financial Officer
United States
Full-time
Onsite
Director/Executive
$170K/yr - $400K/yr
15+ years expStearns Bank N.A. is a financial institution dedicated to helping individuals and small businesses achieve their financial potential. They are seeking a Chief Financial Officer to oversee the bank's financial and accounting operations, ensuring compliance with regulations and providing strategic financial counsel to the leadership team.
Financial Services
Responsibilities
Serves as the Bank’s lead financial executive overseeing and representing the Bank’s Accounting Department and all financial and accounting operations of the Bank
Develops sound, progressive and effective programs in the areas of funding, investments, cash management, forecasting, budgeting, and similar activities within guidelines established by the Bank and the Board of Directors; provides supervision, mentorship, and support to all assigned areas of department operations where service or assistance is needed
Participates and assists the Bank in formulating and meeting overall strategic business plans and goals, including the Bank’s annual operating budget, capital plan and budget, and interest rate risk (IRR) strategy; at the direction of the President & CEO coordinates the preparation and execution of the Bank’s strategic business plan; develops strategies and tactical business plans to help achieve organizational objectives; participates in the development and implementation of both short and long range financial plans; recommends new efforts to improve ROE/ROA; determines the appropriate allocation of resources to ensure maximum profits commensurate with the best interests of shareholders, customers and employees; and provides expert financial advice and input to board of directors and senior management, contributing to their overall business planning strategy
Serves as chairperson of the Bank’s Asset/Liability Committee (ALCO) and coordinates the Bank’s asset/liability management programs to facilitate the assessment and control of interest rate risk and ensures compliance with Bank financial objectives
Plans, coordinates, and executes effective processes related to the Bank’s capital and asset and liability structure by evaluating the structure position and strategies in order to maximize the Bank’s interest margin and overall profitability while managing the Bank’s interest rate risk position in a safe and sound manner, including, but not limited to, the review of the Bank’s loan portfolio for pricing and maturity distribution, the review of the Bank’s investment portfolio to ensure adequate pre-purchase analysis is performed on all investment securities and that investments are performing as expected, the review of the Bank’s deposit pricing and maturity stratification, and that adequate liquidity is maintained via line of credit or liquid investments
Conducts financial and management reporting processes; prepares forecasting and budgeting plans, and conducts regular and ad-hoc financial reporting as required by the Board of Directors, President, CEO, shareholders, and other members of Senior Management, including, but not limited to, production reporting, financial analysis at the product and cost center level, and expense control
Communicate with President and CEO regarding overall financial soundness of organization
Coordinates the requirements and activities of external auditors and examiners during audits and examinations. Assures audit compliance and procedure quality control are maintained for the department and Bank; reviews, recommends and initiates corrective action(s); oversees certification and audit activities for all branches and departments; ensures department is in compliance with established bank policies, procedures, and state and federal regulations
Assures that all regulatory, industry, internal and other external financial and operating reports are prepared in an accurate and timely manner
Assure smooth flow of information throughout the organization and coordinate the various functional operations
Research, develop, and implement new strategies for profitability and operating efficiency
Maintain a working knowledge of all legal and regulatory compliance issues as they pertain to this position
Develops, implements, and monitors accounting policies, procedures, practices, and internal controls; establishes and maintains accounting, and fiscal controls and the preparation and interpretation of internal and external financial reports; conducts business line and product profitability analysis; works with the Chief Credit Officer in the calculation and methodology of the Bank’s allowance for loan and lease losses /current expected credit losses
Participates in the evaluation of potential merger and acquisition (M&A) candidates and coordinates the preparation of M&A financial projections
Manages the application of funds transfer pricing to assets and liabilities and risk-adjusted return on capital calculations in connection with the evaluation of commercial loan opportunities
Supervises various accounting functions, including but not limited to, general ledger, accounts payable and receivable, payroll, and benefits administration, maintenance and storage of proper financial records, and computation of Federal Reserve Bank reserves
Qualification
Required
Bachelor's degree (B.A.) in finance/accounting or related major from a four-year college or university
15+ years related experience
Excellent computer skills
Excellent organizational & communication skills
Flexible
Creative
Innovative
Ambitious
Proactive
Collaborative
Preferred
Masters Degree in finance/accounting or related major
CPA certification
Experience with Profit Star, FiServ systems
Benefits
Employee Stock Ownership Plan & 401k Plan
Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)
12-week Paid Medical Leave
Paid Parental Leave: 21-weeks Primary Care Parent, 14-weeks Secondary Care Parent
$5,000 Family Care Reimbursement: Childcare, Elder Care, Student Loan Debt, Pet expenses, down payment assistance
PTO from 13 to 23 days depending on tenure. Cashout and Carryover options.
10 Days Sick Time
11 Paid Holidays
4 Days Volunteer Time
2 Days Self Allowance Time
Tuition Assistance
Company
Stearns Bank N.A.
Stearns Bank National Association is a majority women-owned and governed financial services institution committed to empowering people, entrepreneurs, small businesses, and local communities to reach their full financial potential.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
unknown2025-08-26Acquired
Leadership Team
Kelly Skalicky
CEO & President
Al Doering
Chief Mergers and Acquisitions Officer
Recent News
Twin Cities Business
2025-10-27
2025-10-23
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