Financial Officer Jobs in Illinois

Department: Management Job Classification: Executive EEOC Category: Executive/Senior Level OfÏcials And Managers Asset Size: 2026 $400M-$600M Market Incentive: 20.0% Position Information CFO, Exec VP Role Management responsibility would typically include treasury, budgeting, taxes, accounting, asset and liability management, and financial control activities. Plans, directs, and controls the organization’s overall financial plans and policies, accounting practices, and relationships with lending institutions, shareholders, and the financial community. Develops and coordinates necessary and appropriate accounting and statistical data and reports. Counsels management on fiscal control and profitability. Responsible for the fair measurement and presentation of the company’s financial results and condition under U.S. GAAP, and for the safeguarding and optimum use of the organization’s assets in order to maximize return. The CFO directs the accounting and treasury functions providing leadership, training and supervision while ensuring compliance with company policies and procedures, applicable state and federal banking regulations and laws.

WEIGHT DESCRIPTION ESSENTIAL - FINANCIAL ANALYSIS & STRATEGIC PLANNING- Collaborate with the CEO, Board of Directors, and senior management in developing and executing the Bank's strategic and financial plans. Oversee annual budgeting, multiyear financial forecasting. profitability analysis, and evaluation of strategic initiatives. Provide financial recommendations regarding balance-sheet management, capital adequacy, earnings performance, and long-term financial sustainability. Major Duties and Responsibilities

WEIGHT DESCRIPTION ESSENTIAL - FINANCIAL REPORTING & INTERNAL CONTROLS - Direct the Bank's accounting and financial reporting functions, ensuring accurate financial statements, compliance with GAAP, and timely monthly, quarterly, and annual reporting. Oversee the maintenance of effective financial internal controls, accounting policies, reconciliations, and financial reporting processes. Provide leadership to accounting personnel. - CASH MANAGEMENT - Oversee the Bank's regulatory capital management program, including monitoring capital adequacy, preparing capital forecasts and stress testing, evaluating capital strategies, and ensuring compliance recommendations to maintain appropriate capital levels consistent with the Bank's risk profile and strategic objectives. -

MORTGAGE SERVICING RIGHTS & PENSION LIABILITY - Coordinate, review and analyze 3rd party valuations for mortgage servicing rights and pension liability and ensure values properly reported in the general ledger in accordance with GAAP. - EXPENSE MANAGEMENT – Monitor departmental spending in accordance with their budgets, investigate variances and keep CEO updated on results. ANNUAL BUDGET - Develop, prepare, and monitor the annual budget for the bank. - LIQUIDITY & FUNDING MANAGEMENT - Oversee the Bank's liquidity and funding management program, including cash flow forecasting, liquidity stress testing, contingency funding planning, and monitoring liquidity risk indicators. Manage relationships with wholesale funding providers, including the Federal Home Loan Bank and Federal Reserve, and evaluate funding strategies to support the Bank's liquidity needs and financial objectives. - INVESTMENT PORTFOLIO MANAGEMENT - Assists the CEO in managing the investment portfolio and ensuring its quality and compliance with internal and external requirements. -

REGULATORY REPORTING & COMPLIANCE – Oversee the accuracy and timely submission of financial regulatory reports, including the quarterly Call Report. Serve as a primary financial contact for regulatory agencies and external auditors, coordinate financial examination requests, and assist in developing and implementing corrective actions related to financial management, capital, liquidity, and accounting matters. - ALM COMPLIANCE - Serve as chair for the ALCO Committee and manage all ALM compliance and annual reviews and updates to bank policies on correspondent banks, investments, ALM, and BOLI. - FEDERAL TAXES - Calculate monthly estimated income tax expense, collaborate with tax accountants on quarterly estimated tax payments and facilitate those payments to the IRS, and manage the annual tax return preparation and filing process with tax accountants. BalancedComp 2 CFO, WEIGHT DESCRIPTION ESSENTIAL - BOARD REPORTING - Report and present monthly actual versus budget and prior period and financial results to Board of Directors. - INTEREST RATE RISK - Manage and analyze quarterly financial analyses and forecasts for ALM modeling, rate shocks, Asset Liability Interest Rate Risk, budgeting, Allowance for Credit Losses (ACL). - ALLOWANCE FOR CREDIT LOSSES (ACL) - Oversee the Bank's Allowance for Credit Losses framework in coordination with Credit Administration, including the evaluation of ECEL methodologies, qualitative adjustments, individually evaluated loans, and off-balance-sheet exposures. Ensure appropriate documentation, financial reporting, committee oversight, and quarterly validation of allowance methodology. - CORRESPONDENT BANK ACCOUNTS - Manage all user access, signature cards, corporate resolutions, and annual agreement renewal compliance for all correspondent bank accounts including the Federal Reserve, lines of credit and advance agreements. BalancedComp 3 CFO, Exec VP | 10/20/26, 7:45 PM Knowledge and Skills EXPERIENCE Experience working with federal banking regulators and external auditors. Experience in investment strategies and management of liquidity and investment portfolios. EDUCATION/CERTIFICATIONS/LICENSES A post graduate degree (similar to a CPA, or MBA) OTHER SKILLS Experience in generally accepted accounting principles and all State and Federal regulations, including those of the Financial Accounting Standards Board, affecting the company’s finance function. Experience in budget forecasting and regulatory reporting. Knowledge of income tax regulations and requirements for Thrift institutions. ADA Requirements PHYSICAL REQUIREMENTS Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in emergency situation. Must be able to operate routine ofÏce equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 4- 6 hours per day, when necessary. Must be able to work extended hours whenever required or requested by management. Must be capable of travel by automobile (as driver when necessary),commercial airlines, rental vehicles and public transportation and be able to lodge in public facilities. Must be capable of regular, reliable and timely attendance. WORKING CONDITIONS Must be able to routinely perform work indoors in climate-controlled private ofÏce with minimal noise.

MENTAL AND/OR EMOTIONAL REQUIREMENTS Must be able to perform job functions independently and work effectively either on own or as part of a team; capable of planning and directing the work activities of others. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters.

Pay: $210,000.00 - $260,000.00 per year

Benefits:

• Health insurance

Experience:

• CFO banking: 7 years (Preferred)

Ability to Relocate:

• Sterling, IL 61081: Relocate before starting work (Preferred)

Work Location: In person