The Berkshire Bank Inc
SVP, Finance & Reporting - Firestone
SVP, Finance & Reporting - Firestone(931371)
Needham, MA 117 Kendrick St
Division: Firestone Financial
Reports to: Executive VP & COO
Grade: 14Location: 17 Kendrick St, Needham, MA
This position will be part of the Executive Leadership Team and is responsible for establishing and maintaining an effective and consistent system of internal controls to ensure the integrity of loan servicing and accounting systems, processes and data. Provides complete, accurate, and compliant reporting to the company and the parent. Monitors financial and operational performance by measuring and analyzing results; initiating corrective actions and minimizing the impact of variances.
Responsible for strategic planning, project management, and implementation support for key organizational technology initiatives.
Engage with the COO and Executive Leadership Team (ELT) to grow the company’s mission, vision, values, goals, and key measurements by developing short and long range plans, strategies, and policies as it relates to Firestone; understands the company’s strategic business goals and will use this information to develop its financial strategies by forecasting requirements and developing action plans. Supports management decisions with timely, accurate analysis of historical data and predictive modeling.
Builds and sustains effective relationships with Parent counterparts, internal and external auditors and regulators. Prepares for and participates in exams, remediates identified gaps, and implements corrective actions, control enhancements, or changes prescribed by financial accounting standards or audit findings. Participates on various parent committees and may participate on the company’s credit committee as needed.
Supports operations management by providing financial analysis, business planning, and accounting reports on a regular basis. Provides Board of Manager reports, cost / benefit analyses, modeling for business development and growth and supports project management processes. Develops and enhances customer profitability analysis, with recommendations for improvement. Administers and delivers business unit scorecard / metrics package with active participation in periodic operational reviews. Oversees preparation of the company’s annual budget, and necessary supporting documentation and assumptions. Insures that all reporting which summarizes and forecasts the company’s business activity and financial position are prepared and are accurate.
Supports workflow review and system design recommendations that will positively impact operational effectiveness. Supports analysis of business trends, business issues and proposed technology solutions, including recommendations on new and existing systems usage.
Manages a team of nine and responsibilities include interviewing, hiring, and training employees, planning, assigning and directing work, appraising performance; rewarding and disciplining employees and addressing complaints and resolving problems.
Strategic Thinking: Develop strategies to achieve organizational goals; understand company's strengths and weaknesses; analyze market and competition; identify external threats and opportunities; adapt strategy to changing conditions.
Leadership: Exhibit confidence in self and others; inspire and motivate others to perform well; effectively influence actions and opinions of others; inspire respect and trust; accept feedback from others; provide vision and inspiration to peers and subordinates; give appropriate recognition to others; display passion and optimism; mobilize others to fulfill the vision.
Project Management: Develop project plans; coordinate projects; communicate changes and progress; complete projects on time and on budget; manage project team activities.
Problem Solving: Identify and resolve problems in a timely manner; gather and analyze information skillfully; develop alternative solutions; work well in group problem solving situations; use reason, even when dealing with emotional topics.
Minimum of Bachelor’s degree and 10 years of experience in banking / lending and management experience
Knowledge of financial accounting standards and internal control systems, CPA a plus.
Skills & Knowledge:
Detail oriented and analytical
Hands on leader, willing to engage with all staff and senior leaders of the company and parent
Requires advanced abilities in Microsoft Office applications
The Berkshire Bank Inc
Website : http://www.berkbank.com
During our many years, we have been a true community bank, investing in the local community and supporting the banking needs of local people. We have a long tradition of serving and supporting our communities. Beginning that tradition in 1871, Goshen Savings Bank was affectionately known as "Your Hometown Friend" and today, more than 141 years later, after our acquisition and merger of Goshen Bank, The Berkshire Bank is proud to continue to offer highly exceptional products and services. The Berkshire Bank proudly serves as a New York State chartered, FDIC insured commercial bank. Our New York City branches recently celebrated 25 years of excellence. In fact, in these many years, we have only had one objective, being The Bank that Puts Your Interest First.