Deputy Chief Financial Officer

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Job Type

Full-time

Description

ABOUT US

Coastal Community Bank is a little bit of banking and a little bit of tech-ing. The people at Coastal don't just help people with their banking; they help reshape how banking technology allows and serves EVERYONE. We think and work like entrepreneurs, always moving and constantly improving. We care about each other, are go-getters, work hard, and play hard. If you're someone who thrives on innovation, wants to help others succeed, knows how to think outside the box, and believes that we're all in this together -- you belong here.

WHAT YOU'LL DO AT COASTAL

The Deputy Chief Financial Officer is a key leadership role within the organization responsible for assisting the CFO in managing the financial actions of the Bank. The Deputy CFO (DCFO) will work closely with the CFO and plays a critical role in developing and implementing financial strategies, policies and practices that support the organization's growth and financial health in both BaaS and Community Banking Divisions. This role requires a deep understanding of banking, finance, accounting, public company reporting and financial strategy.

Requirements

HOW YOU'LL DO IT-

• Assist in Strategic Planning - support the CFO in strategic planning and execution of financial initiatives.

• Assist in Corporate Governance - report to CFO on corporate governance matters and initiatives.

• Financial Oversight - oversee the preparation of financial reports (non-SEC reports), direct investment activities, and implement cash/liquidity management strategies.

• Budget Management - collaborate with other leaders and department heads to formulate budgets and monitor financial performance against forecasts.

• Risk Management - identify and manage financial risks, ensuring compliance with financial regulations and internal policies.

• Leadership - provide leadership and direction to the finance team fostering a culture of high performance and continuous improvement.

• Stakeholder Relations

• Maintain relationships with partners, investors, and financial institutions.

• Operations Efficiency - drive efficiency and effectiveness in financial operations, including accounting, tax, treasury, and compensation.

• Financial Analysis

• Conduct in-depth financial analysis to information decision-making and report on financial status to senior management.

• Process Improvement - continuously evaluate and improve financial processes and systems to increase accuracy and efficiency.

• Compliance - ensure that all financial transactions and policies comply with statutory law and financial regulations.

QUALIFICATIONS

• Proven and highly effective verbal and written communication skills.

• Excellent leadership abilities, with unwavering commitment and moral character.

• Strong finance-based analytical skills.

• Excellent attention to detail to ensure accurate and timely filing and effective reporting process communication to others, including staff, regulators, and auditors.

• High level of confidentiality required.

EDUCATION & EXPERIENCE

• Bachelor's degree in accounting or finance is required; Master's degree is preferred.

• Professional accreditation, such as Certified Public Accountant is preferred.

• 10+ years of senior-level bank experience supervising in accounting, preferably in a public company (SEC reporting experience).

• 10+years of senior-level bank experience in finance supervising finance, preferably in a bank with Banking as a Service (BaaS) including financial planning and analysis (FPA)

• 5+ years' experience as a Deputy CFO or similar role in a banking industry.

• Extensive knowledge of accounting standards, laws and regulations related to banking and BaaS.

• Technical and comprehensive knowledge of all accounting/finance areas of a Bank including an excellent understanding accounting and finance.

• Expert level use of FPA, management reporting systems and report writing capabilities are required.

• Expert level use of Microsoft office products including Teams.

HOW YOU'LL THRIVE AT COASTAL

• Be the Best

• Communicate effectively, pay close attention to detail, and prioritize your personal development.

• Be Relentless

• Thrive in a goal-oriented environment exercising both patience and persistence. Advocate for our customers and team members and strive to promote the Coastal Difference.

• Be Un-Bankey

• Be a forward thinker with a creative mindset. Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust.

• Embrace Gray Thinking

• Use sound judgment while decision-making and problem-solving. Think outside the box.

• Stay Flexible

• Organize and strategize effectively while always being prepared to adapt on the fly. Seek efficiencies for Coastal to work smarter, not harder.

• Take Care of Each Other

• Understand what it means to be a true team player and have your teammate's back. Practice self-awareness and build your emotional intelligence.

BEING YOU AT COASTAL

Coastal is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. We are also committed to compliance with all fair employment practices.

PHYSICAL DEMANDS

The physical demands described below are required to perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee must:

• have the ability to sit for extended periods of time.
• have the ability to stand for extended periods of time.
• have the ability to perform repetitive finger, hand, and arm movement.
• have the ability to use electronic office equipment such as a computer keyboard, mouse, ten key, telephone, etc.
• view and read computer screen for extended periods.
• occasionally stoop, kneel, crouch, or crawl.
• occasionally lift or move up to 10 pounds.

OTHER DUTIES

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

Salary Description

$175,477-$234,261