Chief Financial Officer Greater Eugene, OR Area

TITLE: Chief Financial Officer

REPORTS TO: President & CEO

FLSA: Exempt

CATEGORY: Full Time

SHIFT: Monday – Friday 8:30am – 5:30pm

SUMMARY

The Chief Financial Officer (CFO) is a member of the Bank’s Executive Committee, reports directly to the President & CEO and is generally responsible for the financial reporting and management of the Bank. CFO is responsible for adherence to all FIL’s pertaining to accounting, securities, or other matters related to financial reporting and management. Performs direct supervisory duties of accounting support staff. Assumes responsibility and is accountable for adherence to Bank policies and procedures, as well as all applicable state and federal laws and regulations pertaining to employment and banking.

ESSENTIAL DUTIES

Member of Executive Committee

1. Participates willingly, assertively and helpfully in all matters that come before the Executive Committee, taking responsibility for assigned areas of the Bank.

1. Earns and maintains the confidence of other Committee Members by his/her ability to manage the Bank’s finances.

1. Works with other Committee Members to address challenges and manage the affairs of the Bank.

1. Responsible to act as a role model; professionally and consistent with Summit’s Mission, Vision and Core Values. Board members, shareholders and others outside the Bank think highly of Summit Bank through words and actions of Chief Financial Officer.

1. Participates and contributes to the Bank’s Strategic Planning and Budgeting processes for assigned areas of responsibility. Effectively manages budgets and targets for assigned areas of responsibility.

1. Participates in enterprise risk assessment management, business continuity and disaster recovery planning, and vendor management and selection as it relates to assigned areas of responsibility.

Finance/Accounting

1. Responsible to prepare timely, complete, and relevant monthly and quarterly financial reports for presentation to the Board, including but not limited to: Balance Sheet, Income Statement, Non-Interest Expense, Deposit Summary, Investment Summary and Activity, Selected Ratios, and Peer Comparisons.

1. Manages Interest Rate Risk Sensitivity model & testing. Completes all necessary tests to be in compliance with FDIC guidelines, including third party testing if required.

1. Manages liquidity model & testing. Completes all necessary tests to be in compliance with FDIC guidelines, including third party testing if required.

1. Conducts internal and external analyses to evaluate local rate environment and recommends changes to Summit’s rates and rate philosophy based on market conditions and the Bank’s strategic objectives and values.

1. Responsible for timely, accurate filing of all FDIC Call Reports and other financial reports to regulatory and tax agencies ensuring the Bank is assessed no fines from regulatory agencies or others due to problems with reports.

1. Works directly with President & CEO and Executive Committee to prepare annual budgets and long term projections for presentation to and approval by the Board.

1. Responsible for ensuring the Bank is adequately covered by insurance prudent and required by regulation. Makes annual recommendation to Board for insurance coverage.

1. Develops and implements Accounts Payable policies and procedures ensuring that Vendors are paid in a timely manner, and payments are made in accordance with the Bank’s intentions.

1. Maintains understanding of UBPR data of Summit and its peers and communicates appropriate and helpful information to Executive Team.

1. Responsible to oversee year-end financial audit and tax return preparation.

Asset & Liability Management

1. Works directly with third party service providers, including but not limited to: BIG, Vining Sparks, PCBB, FHLB, etc. ensuring good relationships so that services are provided without break and as needed, and so support is readily available. Evaluates and recommends competitive investment products that are desired by our clients and are in line with Summit’s strategic and financial goals and objectives.

1. Responsible for timely, accurate and available investment data for all Bank investment securities utilizing the Bank’s general ledger accounts.

1. Serves as Trustee for the Summit Bank 401K Plan. Reviews Plan investment option performance at least annually to ensure they are meeting the needs of employees. Reviews and selects replacement options as necessary.

1. Monitors economic environment and leads Summit in its management of liquidity, margin and capital. Proactively works with Executive Committee to address financial issues. Responsible for attainment of targets as defined in Asset & Liability and Investment Policies.

1. Staffs the Board Asset & Liability Management Committee including but not limited to: scheduling meetings, ensuring that agendas and support documentation are provided to committee members in a timely fashion, review of minutes of the meetings, and providing relevant information and training to committee members so that they can perform their duties in exemplary fashion.

Compliance

1. Develops and implements appropriate policies, procedures and reports to manage all areas of responsibility, and recommends or makes changes as necessary.

1. Ensures that all lending policies and procedures are compliant with applicable federal, state and local laws and regulations as evidenced by: minimum “Satisfactory” ratings from FDIC and State in examinations, and satisfactory audits from all independent auditors

Investor/Shareholder Relations

1. Responsible for the management of shareholder relations, stockholder accounting and all issues relating to the stock issued by Summit Bank.

1. Responsible to document and effectively implement and manage stock trading system ensuring the Bank’s Shareholder Database is accurate at all times.

1. Works with President & CEO and others to prepare content for quarterly shareholder communications.

Supervisory/ Personnel Management

The position of Chief Financial Officer is responsible for the supervision of one (1) or more employee(s), and carries out supervisory responsibilities in accordance with the Bank’s policies and applicable laws, ensuring adherence to the Bank’s EEO Policy Statement.

1. Reinforces the application of superior customer service by example along with appropriate follow through with involved clients, shareholders and employees.

1. Oversees activities of assigned personnel by supervising daily activities, effective delegation of assignments, developing work schedules and providing or arranging necessary training with human resources.

1. Plays a positive role in the development and growth of assigned staff through excellent communication skills, both verbal and written, along with strong delegation skills assuring a highly cross trained staff.

1. Ensures that direct reports have the skills, training and resources required to provide high level customer service to clients, shareholders and staff.

1. Performs personnel actions including interviewing, performance appraisals, establishment of individual goals/objectives, and disciplinary actions in a timely fashion and in accordance with all applicable laws and regulations.

1. Demonstrates knowledge of and adherence to the Bank’s employment related policies; shows respect and sensitivity for cultural differences; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.

1. Promotes and leads office environment that is professional, collegial, fun, high performing and consistent with Summit’s Mission, Vision, and Values.

SECONDARY DUTIES

1. Completes assigned Compliance Training.

1. Maintains all related paper file systems so that necessary documents can be found easily, and documentation is consistent and complete.

1. Assumes responsibility for various department functions in the absence of colleagues or in overload situations.

1. Participates in various internal committees assigned.

GENERAL

1. Provides excellent personal customer service to all internal and external clients by treating people with respect; keeping commitments; inspiring the trust of others; working ethically and with integrity; upholding organizational values; and, accepting responsibility for own actions.

1. Follows policies and procedures; completes administrative tasks correctly and on time; contributes to the overall profitability of the Bank through cost controls and expense monitoring.

1. Applies good judgment in decision making and sees beyond immediate assignments and acts on opportunities and problem areas.

1. Performs position safely and reports potentially unsafe conditions.

1. Works according to established schedules, arriving on time and with a positive attitude.

1. Any other duties as defined.

QUALIFICATIONS AND DEMONSTRATED ABILITIES

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

1. Bachelor’s degree and minimum of ten (10) years of related experience and/or training; or equivalent combination of education and experience. Work related experience should consist of finance with a supervisory background.

1. Advanced knowledge of related state and federal laws and regulations, as well as, finance and accounting policies and procedures.

1. Ability to read, analyze and interpret business periodicals, professional journals and technical procedures.

1. Excellent organizational and time management skills, with the ability to provide leadership, supervision and training employees using positive supervisory techniques to ensure maximum productivity; demonstrated ability in organization and delegation skills.

1. Advanced skills in computer terminal and personal computer operation; word processing, spreadsheet and specialty software programs. Intermediate typing skills to meet production needs of the position.

1. Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, speak clearly to clients, employees, directors and shareholders.

1. Thorough understanding of management procedures; ability to plan department and Bank activities (setting objectives, developing strategies, budgeting, and developing policies and procedures); initiative to organize various functions necessary to accomplish department or Bank activities; effectively staff department (determining FTE needs, selecting, training and developing employees); directing employees towards the desired objectives (delegating, motivating, resolving problems); controlling the function (developing performance standards, measuring results, taking corrective action and rewarding employees as appropriate).

1. Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.

1. Ability to work with no supervision while performing duties.

PHYSICAL REQUIREMENTS

1. Ability to sit and/or stand for extended periods of time.

1. Occasional walking to assist or meet with clients and colleagues at various locations within the Bank.

1. Continuous clarity of vision at 20 inches or less for normal processing of work.

1. Repetitive use of hands such as grasping, twisting/turning of wrists, and finger dexterity necessary to perform various clerical duties such as typing, writing, and maintaining files.

1. Occasional use of arms such as pushing/pulling to open and close drawers and cabinets.

1. Occasional bending and/or reaching for supplies, etc. on both low and high shelves.