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Title
Text copied to clipboard!Financial Officer
Description
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We are looking for a highly skilled and experienced Financial Officer to join our team at Cooperative Mortgage Bank. The ideal candidate will be responsible for overseeing all financial activities, including budgeting, forecasting, financial reporting, and compliance. This role requires a deep understanding of financial principles, excellent analytical skills, and the ability to work collaboratively with other departments to ensure the financial health of the organization. The Financial Officer will play a critical role in strategic planning and decision-making processes, providing insights and recommendations to senior management. The successful candidate will have a proven track record in financial management, preferably within the banking or mortgage industry, and will be adept at using financial software and tools. Key responsibilities include managing the preparation of financial statements, ensuring compliance with regulatory requirements, and developing financial strategies to support the bank's growth and profitability. The Financial Officer will also be responsible for risk management, internal controls, and financial audits. This position requires strong leadership skills, attention to detail, and the ability to communicate complex financial information clearly and effectively. If you are a proactive, results-oriented professional with a passion for finance and a commitment to excellence, we encourage you to apply.
Responsibilities
Text copied to clipboard!- Oversee all financial operations and direct corporate financial planning and structure.
- Coordinate, analyze, and report the financial performance to Management and Board of Directors.
- Prepare short and long-term financial forecasts of financial performance for use with internal management and external parties.
- Oversee audit and tax functions, coordinate activities with outside audit firms and review firms' performance.
- Develop, implement, and maintain accounting and administrative policies and procedures for a wide-ranging set of activities.
- Manage the preparation of financial statements in compliance with official guidelines and requirements.
- Ensure compliance with all regulatory requirements and internal policies.
- Develop financial strategies to support the bank's growth and profitability.
- Monitor and manage the bank's cash flow and liquidity.
- Conduct risk management and internal control assessments.
- Lead financial audits and coordinate with external auditors.
- Provide financial insights and recommendations to senior management.
- Collaborate with other departments to support overall business goals.
- Manage and mentor the finance team.
- Stay updated on industry trends and best practices.
Requirements
Text copied to clipboard!- Bachelor's degree in Finance, Accounting, or related field; MBA or CPA preferred.
- Minimum of 7 years of experience in financial management, preferably in the banking or mortgage industry.
- Strong understanding of financial principles and practices.
- Proficiency in financial software and tools.
- Excellent analytical and problem-solving skills.
- Strong leadership and team management abilities.
- Exceptional attention to detail and accuracy.
- Ability to communicate complex financial information clearly and effectively.
- Experience with financial forecasting and budgeting.
- Knowledge of regulatory requirements and compliance standards.
- Proven track record in strategic planning and decision-making.
- Strong organizational and time management skills.
- Ability to work collaboratively with other departments.
- High level of integrity and ethical standards.
- Strong risk management and internal control skills.
Potential interview questions
Text copied to clipboard!- Can you describe your experience in financial management within the banking or mortgage industry?
- How do you ensure compliance with regulatory requirements in your financial operations?
- Can you provide an example of a financial strategy you developed that significantly improved profitability?
- How do you approach financial forecasting and budgeting?
- What financial software and tools are you proficient in?
- Can you describe a time when you identified and mitigated a significant financial risk?
- How do you communicate complex financial information to non-financial stakeholders?
- What is your experience with financial audits and working with external auditors?
- How do you stay updated on industry trends and best practices?
- Can you describe your leadership style and how you manage and mentor your team?
