Job Information
FARMERS NATIONAL BANK OF CANFIELD Chief Accounting Officer in Canfield, Ohio
Description SUMMARY: The Chief Accounting Officer (CAO) is responsible for overseeing the accurate assembly, verification and publishing of all internal and external financial reports for the Company including all wholly owned subsidiaries. Additionally, the CAO is responsible for providing assistance to the Chief Financial Officer regarding Capital Planning, Budgeting, Merger & Acquisition activity/planning and the establishment of financial/accounting goals as needed. The CAO is responsible for creating and strengthening relationships with employees in a manner that provides open lines of communication, fosters teamwork, trust and a supportive culture. ESSENTIAL DUTIES AND RESPONSIBILITIES: Oversees the preparation of financial statements and other financial reports (Bank, Trust, Insurance, Investment sub, Captive and Corp.), for both internal and external readers, including SEC required reports and other regulatory reports (10Q, 10K, 11K, Federal Reserve Bank, FDIC, etc.) Play a major role in acquisitions and the preparation of purchase accounting entries Maintain the general ledger accounts to constantly improve the efficiency of the trial balance Oversee liquidity management for the Bank and other wholly-owned subsidiaries as needed Provide regular reporting and present financial reports and information to various boards and committees within the Company, including but not limited to, the Bank Board, the Trust Board and the Insurance Board, along with the Audit Committee of the Holding Company Board of Directors Maintain a clear and precise understanding of current accounting standards that impact the Bank's accounting environment, including FASB's and other authoritative regulations, as well as IRS codes that affect the Bank's income tax liability Work closely with the CFO on the development of the annual budgeting process and financial forecasts Oversee the creation of budget reports with each department executive and provide feedback and recommendations as needed through careful analysis and evaluation Responsible for assisting with the establishment of the Bank's internal accounting controls and monitoring the financial risk for the Bank Provide direct management and leadership to the Bank's Accounting manager and assist with the management of the Accounting manager's direct reports as needed Attend conferences, workshops and other educational programs as necessary to maintain an advanced and current level of Finance/Accounting regulations, rules and requirements related to the Banking and Trust Industries Complete all mandatory and elective training, including BSA (Bank Secrecy Act) and Anti-Money Laundering procedures. Maintain compliance with all appropriate rules and regulations Regular, predictable attendance is an essential requirement of this position Completes all other duties as assigned SUPERVISORY RESPONSIBILITIES: This position will have direct supervisory responsibilities over 1-4 Finance/Accounting/Administrative staff. Responsible for carrying out supervisory responsibilities in accordance with the Bank's policies and applicable laws, to include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems. EDUCATION AND/OR EXPERIENCE: Bachelor Degree in Business Administration, Finance, or Accounting Must have a CPA designation or significant relevant industry experience of a substantial nature Minimum of ten (10) years of experience in Accounting/Finance with demonstrated management experience in a financial institution Proven leadership and management skills Proven written and verbal communication skills ALCO (Asset Liability Committee) experience required Must have excellent verbal and written communication skills Proven ability to organize complex da