Job Description

Department: Finance

Reports To: Chief Financial Officer

Direct Reports: FP&A Team

FLSA Status:  Exempt

Summary : The Director of Finance at First Bank of the Lake will provide leadership and strategic direction to the Financial Planning & Analysis (FP&A) team, driving budgeting, forecasting, and financial analysis to align with business goals. This role partners with executive leadership to develop financial strategies, provide actionable insights, and support strategic decisions. The Director fosters a data-driven culture, oversees financial planning, and ensures continuous process improvements to enhance forecasting accuracy and business performance. As a key thought leader, they collaborate across departments to align financial planning with business objectives and drive long-term growth.

Compensation is based on geographic location and individual pay decisions will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.

Job Functions:

• Mentor, coach, and provide growth opportunities for team members to ensure continuous development and engagement.
• Lead the development, monitoring, and analysis of the bank’s annual budgets and quarterly financial forecasts, including preparation, consolidation, and review of budgets across departments, ensuring alignment with strategic goals.
• Monitor financial performance against budgets and forecasts, incorporating analysis of variances and trends and ensuring timely and accurate reporting to stakeholders.
• Lead the FP&A team in-depth financial analysis, including profitability, trend, and cost analysis.
• Identify key performance indicators (KPIs) and collaborate with business units to ensure proper monitoring to optimize financial performance.
• Conduct financial modeling and scenario analysis to support regulatory requirements, strategic initiatives and business decisions.
• Conduct and analyze interest rate risk models to assess financial impact and strategic adjustments.
• Provide data-driven recommendations to senior leadership based on insights from financial models.
• Use data visualization tools (e.g., PowerPoint, charts, dashboards) to present trends and financial insights effectively.
• Present monthly and quarterly reports for Asset Liability Committee (ALCO) to senior management, highlighting early warning and risk indicators, policy limits and insights.
• Identify and implement enhancements to financial reporting and operational efficiencies within the Finance department.
• Ensure financial planning activities comply with regulatory standards and financial principles, including GAAP.
• Stay updated on relevant financial regulations impacting the banking industry.
• Foster a collaborative environment that promotes knowledge-sharing and professional development.
• Partner with key departments, including Operations, Risk Management, and Accounting, to align financial planning with business needs.
• Act as a liaison between finance and other teams to support company-wide initiatives and strategic projects.
• Must complete all required training, including Bank Secrecy Act/Anti-money Laundering training, suitable to their position within the bank.

Education and Experience:

• Bachelor’s Degree in Accounting, Finance, Business, or a related field required (Master’s or MBA preferred).
• 10+ years of progressive experience in financial planning, analysis, and leadership roles.
• Proven experience managing ALCO functions including Interest Rate Risk and Liquidity modeling, with at least 3-5 years in a leadership capacity.
• Expertise in financial modeling, forecasting, and business analysis within the banking or financial services industry preferred.
• Proficiency in financial software systems, advanced Excel skills, and familiarity with data visualization tools (e.g., Tableau, Power BI).

Skills and Competencies:

• Strong understanding of risk assessment and mitigation strategies.
• Ability to analyze complex financial data, generate reports, and provide strategic insights.
• Familiarity with banking regulations and compliance requirements.
• Strong understanding of accounting principles, including GAAP.
• Ability to effectively convey financial insights to stakeholders in a clear and concise manner.
• Strong analytical skills to identify and address financial challenges.
• High level of accuracy in financial reporting and analysis.
• Ability to work in a high-volume, fast-paced, deadline-driven environment.
• Exceptional organizational and time management skills.
• Ability to multitask and prioritize daily workload.
• Ability to work collaboratively within the Finance team and across departments.

Physical Requirements:

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 25 pounds at times.

• This position is remote.
• Occasional travel as needed for training or meetings.

EEO Statement:

We are an equal-opportunity employer. All qualified applicants will receive consideration for employment regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, or any other protected category.

All offers of employment shall be subject to the successful completion of all pre-employment screenings, verifications, and processes. Failure to comply with these processes or failure to successfully pass all phases of the pre-employment screening will result in a withdrawal of the employment offer.

Other Duties:

Please note that this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, obligations, and activities may change at any time, with or without notice.

Benefits:

• 401(k)
• 401(k) matching
• Health insurance
• Dental insurance
• Life insurance
• Paid time off
• Vision insurance
• Short- and Long-term disability
• Company-paid holidays

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