Chief Financial Officer

Location

Greenwood Village, CO | United States

Job description

A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. When you choose a career with CoBank, you make a difference by standing for something that matters. In order to be the best, we hire the best!

Remarkable Benefits Offered by CoBank

• Careers with a purpose. Stand for something!
• Time-Off Packages- over 15 days of vacation, 10 paid sick days and 11 paid holidays
• Competitive Compensation & Incentive
• Hybrid work model: flexible arrangements for most positions
• Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
• Robust associate training and development with CoBank University
• Tuition reimbursement for higher education up to $10,000 per year
• Outstanding 401k: up to 6% matching and additional 3% non-elective contribution
• Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
• Associate Resource Groups: creating a culture of diversity and inclusion
• Recognize a fellow associate through our GEM awards

• ECO transportation pass provided to every Denver associate
• Relocation Package Available

Based in Denver, CO, and reporting to the President and Chief Executive Officer (CEO), the Chief Financial Officer (CFO) will be a strategic financial leader. This role will provide oversight and broad responsibilities for all critical financial activities, reporting and analytics at CoBank. The CFO will be a valued and trusted member of the executive management team and will serve on the Management Executive Committee where s/he will actively participate in the strategic management of the business, as well as function as a key advisor, business partner, and sounding board to the CEO and other senior executives. The CFO will also serve on other Farm Credit System and CoBank committees, as required, including the Farm Credit System Disclosure Committee and chairing the CoBank Asset/Liability Committee (ALCO), Disclosure Committee, Budget Committee and Retirement Trust Committee; s/he will also represent management in the following CoBank Board Committees – Executive Committee, Compensation and Human Resources Committee, Joint Audit/Risk Committee, and Audit Committee.

At CoBank, the CFO’s areas of responsibility include Treasury, Accounting & External Reporting, Management Reporting, Financial Planning & Analysis, and Tax.

• Partnering with the CEO, serves as a key advisor and leader in the development, execution, and ongoing evaluation of financial/business plans, strategy, growth and financial performance.
• Provide leadership and strategic vision for new business opportunities at the enterprise level.
• Engage with the Chief Banking Officer and lines of business to deliver metrics and provide insightful analysis required to evaluate business performance and drive improved financial and operating results.
• Provides leadership, organization, staffing, development, direction, and day-to-day management of the Finance organization to ensure effective allocation of resources to support the achievement of strategic objectives and CoBank’s business plan.
• Manages the delivery of assigned services through effective organization of resources, a sound planning process, consistent policy and procedural direction and strong internal controls designed to enhance and achieve bank goals.
• Builds and establishes a best-in-class Finance team; develops the Finance organization to support the business as a value-added partner.
• Develops and maintains constructive relationships with internal and external constituents, including the Board, regulators, auditors, Funding Corporation (agent for the System Banks), rating agencies, investment bankers, the financial community and other System institutions.
• Contributes to the establishment of short- and long-range strategic plans, business plans and profitability goals as part of executive management. Communicates these goals and objectives to staff and external stakeholders.
• Manages the development and Board approval of the three-year Business and Financial Plan and annual operating and capital budgets, as well as ongoing monitoring of results against budget and prior periods. Chairs the Budget Committee, which is integrated into the bank’s overall budget process responsible for making key budget decisions and optimizing the bank’s operating expenses.
• Assures the development and implementation of comprehensive policies and related practices dealing with financial matters to provide the basis for management decisions and control. Responsible for the establishment and maintenance of a comprehensive system of internal controls within the COSO framework. Manages accounting and reporting requirements. Leads the Bank’s efforts at mirroring SEC regulations, including certain provisions of the Sarbanes – Oxley Act of 2002.
• Provides counsel, guidance, and direction to the funding operation, liquidity and investment portfolio management, and funds transfer operations. Also responsible for developing and overseeing strategies for the generation of Treasury revenues representing approximately 20% of CoBank’s revenues.
• Oversees the process for simultaneous planning of all asset liability positions taking into consideration macroeconomic conditions to achieve the optimal balance among profitability, risk, liquidity, etc.
• Develops the bank’s capital adequacy plan, including Board-approved Capital Plans for the various CoBank stockholder groups.
• Oversees the preparation of the income and operating budgets for the Finance areas of responsibility. Monitors the achievement of budgetary goals for responsibility areas and is ultimately responsible for their profitability.
• Selects, develops, and motivates an effective and collaborative management team and delegates authorities to develop appropriate business strategies, set standards of performance, evaluate performance of associates, and take actions necessary to accomplish objectives. Takes corrective action as necessary.
• Develops a Finance business plan consistent with the bank's strategic business objectives and business and financial plans. Communicates the plan to Finance associates, solicits input on development, and monitors progress towards achievement of same. Takes corrective action as necessary.
• Participates in special projects and performs other duties as assigned.
• Actively participates in various bank committees, including Allowance for Credit Losses, Product Governance & Approval, and Model Risk Management Committees.
• Monitors market risks and evaluates its potential impact on the CoBank’s earnings and balance sheet position.

Bachelor’s degree in relevant discipline required.

• Fifteen (15) or more years of progressive, relevant experience, preferably in commercial banking, including experience as a senior leader within an institution of comparable scale and complexity; or an appropriate combination of education and experience.

Preferred Qualifications

• Advanced degree or relevant designation preferred.
• Proven and proactive financial officer and leader with a successful track record of building and leading a financial function at a financial services institution.
• A keen understanding of the performance drivers in a financial business, combined with the ability to analyze and align the Finance organization to support business objectives.
• Ability to develop strong relationships, effectively influence, and drive results as a trusted partner to the CEO as well as executive management team and Finance organization. Ability to build and maintain successful relationships with external stakeholders and partners in the Farm Credit System.
• Demonstrated senior leadership and experience with sophisticated board of directors, regulators and external auditors.
• Excellent leadership, people management and organizational development skills, with a demonstrated ability to motivate in a team-oriented and collaborative work environment, and promote, foster and build a diverse, equitable and inclusive workforce.
• Demonstrated ability to access the public capital markets for the purpose of issuing debt and/or equity securities, including direct experience in investor dialogue and rating agency relationships.
• In-depth knowledge of management of accounting, finance and operations in a banking environment, with proven ability to apply in a strategic short- and long-term planning capacity.
• In-depth knowledge of applicable GAAP and Securities & Exchange Commission accounting and reporting regulations, particularly as it relates to banks.
• Demonstrated ability to analyze, negotiate and integrate complex merger and/or acquisition opportunities.
• Excellent general management, financial management, analysis, negotiation and decision-making skills.
• Excellent written and verbal communications and presentation skills, combined with the ability to motivate and communicate with all levels of the organization and external stakeholders.

The typical base pay range for this role is between $350,000-$450,000. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

The listed salary, other compensation and benefits information is accurate as of the date of this posting. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.

CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.

REASONABLE ACCOMMODATION

We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing [email protected]. Include your contact information and specific details about your requested accommodation.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

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