Chief Financial Officer
Madison-Davis, LLC
Dallas, TX
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See who Madison-Davis, LLC has hired for this role
Pay found in job post
Retrieved from the description.
Base pay range
$225,000.00/yr - $500,000.00/yr
Title: Chief Financial Officer
Office Status: Hybrid
Salary: $225,000 base $400,000-$500,000 total compensation
A commercial bank in Texas is looking for the Head of Finance/CFO position that will lead and build out their finance function. This person will be reporting into the CEO as well as the board of directors in developing strategy to support the continued growth of this firm.
Responsibilities:
Office Status: Hybrid
Salary: $225,000 base $400,000-$500,000 total compensation
A commercial bank in Texas is looking for the Head of Finance/CFO position that will lead and build out their finance function. This person will be reporting into the CEO as well as the board of directors in developing strategy to support the continued growth of this firm.
Responsibilities:
- Oversee financial planning, budgeting, and forecasting processes, ensuring accuracy and alignment with strategic goals.
- Develop and implement financial strategies and policies to support the overall, and unique, business objectives.
- Refine profitability reporting systems to encourage loan and deposit growth consistent with the Bank’s overall profitability objectives.
- Provide financial analysis and recommendations to guide decision-making at the executive and board levels.
- Monitor financial performance, analyze variances, and identify areas of improvement or risk.
- Manage the Allowance for Credit Losses using CECL methodologies.
- Conduct financial analysis and due diligence for potential business opportunities.
- Evaluate the financial viability and risks associated with new projects, markets, or ventures.
- Provide financial insights and guidance on long-term growth strategies, capital allocation, and profitability enhancement.
- Identify, assess, and mitigate financial risks, including market risks, regulatory compliance, and operational risks.
- Implement effective internal controls and financial reporting systems to safeguard assets and ensure compliance with laws and regulations.
- Develop and maintain insurance policies to protect the company’s assets and manage potential liabilities.
- Oversee all required regulatory reporting to assure compliance in the most cost-effective manner and minimize legal liabilities.
- Oversee budget planning, preparation, and administration processes to control operating expenses and achieve the bank’s strategic objectives.
- CPA is required.
- 8 years of accounting experience.
- Previous banking and financial service experience
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Seniority level
Executive -
Employment type
Full-time -
Job function
Finance and Sales -
Industries
Staffing and Recruiting
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