Chief Financial Officer recruitment
Toyota Financial Services
Our people are the driving force behind our success and we're moving forward!
Join a dynamic company known for rapid growth and solid success.
Major Responsibilities:
As a key member of the Executive Management team, the Chief Financial Officer will report to the President and assume a leadership role in the overall management of the Bank. The CFO will have primary day-to-day responsibility for planning, leading, organizing and controlling all financial related activities of the company.
Responsibilities:
60% Build, train and lead a high performance team with the skills and backgrounds necessary to excel in the following areas:
- Treasury and Cash Management - Assess and meet the Bank's daily and long term funding needs. Develop low cost funding strategies. Maintain adequate liquidity at all times. Manage counterparty exposure and risk related to funding and liquidity strategies. Manage the Bank's investment portfolio. Effectively utilize expertise of sister companies.
- Asset/Liability Management - Develop funding strategies to match the Bank's asset profile. Minimize interest rate exposure. Maintain adequate flexibility in liability profile. Identify, measure, manage and control the Bank's exposure to market and interest rate risks.
- Accounting - Ensure the accuracy of the Bank's financial records and reports. Maintain the credibility of the Bank accounting function. Close financials in a timely and efficient fashion. Maintain productive relationships with internal and external auditors. Ensure Bank receives clean audit opinions. Establish and maintain appropriate internal control safeguards. Maintain an up-to-the-minute knowledge of accounting regulations. Ensure compliance with GAAP and federal, state and local regulatory requirements.
- Reporting - Prepare and file timely and accurate reports to satisfy requirements of state and federal regulators, investment partners, shareholders, board of directors, etc. Develop credible and accurate budgets and forecasts.
- Compliance - Ensure the Bank and its accounting and finance functions at all times are in full compliance with state, federal and local regulatory requirements. Maintain an up-to-the-minute knowledge of state, federal and local regulatory requirements.
- Finance - Develop reliable financial models and other analytical tools to support decision making. Manage pricing and asset valuation processes. Establish and maintain discipline in asset and pricing processes. Analyze cash flows, revenues, costs, and expenses to guide business leaders. Analyze financial statements to pinpoint potential weaknesses and areas opportunity. Assess cost/benefit relationships of vendor agreements.
40 % Provide effective executive level leadership for the Bank. Participate in the development and evaluation of short and long-term financial and strategic objectives. Evaluate and advise on the impact of new product introductions and strategic initiatives. Establish and maintain strong relationships with senior executives, board members and shareholder so as to incorporate their perspectives when devising business solutions. Liaise with Regulators, FDIC, internal and external auditors, FHLMB, and other business partners. Serve on various executive committees including Asset/Liability Committee, Credit Committee, Pricing Committee, Enterprise Risk Committee. Recruit, train and retain talented associates. Drive associate development and engagement.
The candidate who fills this position will have the option to work a 9/80 alternative schedule which means working 80 hours over nine calendar days, with the tenth day off. The day off will be alternating Fridays.
TFS is looking for individuals with strong business sense and practical expertise. Successful candidates should have:
Qualifications and Requirements:
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BS in Accounting or Finance, MBA and/or CPA highly desirable
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15+ years financial leadership, preferably in banking or a federally regulated financial institution
Personal Attributes:
- Strong interpersonal skills, ability to communicate and manage well at all levels of the organization and with staff at remote locations essential.
- Strong problem solving and creative skills and the ability to exercise sound judgment and make decisions based on accurate and timely analyses.
- Strong analytical skills, ability to work in quantitative environment
- Unimpeachable integrity. Dependability, with a strong sense of urgency and results-orientation.
Other Skills Abilities:
- PC proficiency is essential (Windows environment) and familiarity with Excel, PeopleSoft, Essbase and Bancware.
Turn toward great benefits:
- Work/Life benefits (flextime, 9/80 work schedules offered where applicable, tuition reimbursement)
- Vehicle lease and purchase (Associates are eligible date of hire, access to favorable rates and more incentives!)
- Medical, dental and vision insurance (Associates are eligible date of hire premiums are paid by Toyota)
- Matching 401(k) and fully funded Pension Plan
- Paid time off (vacation, sick, personal, holidays)
About Toyota Financial Services
Headquartered in Torrance, Calif., Toyota Financial Services (TFS) is the finance and insurance brand for Toyota in the United States, offering retail auto financing and leasing through Toyota Motor Credit Corporation (TMCC) and extended service contracts through Toyota Motor Insurance Services (TMIS). Lexus Financial Services is the brand for financial products for Lexus dealers and customers. TFS currently employs over 3,300 associates nationwide, and has managed assets totaling more than $81 billion. It is part of a worldwide network of comprehensive financial services offered by Toyota Financial Services Corporation, a wholly-owned subsidiary of Toyota Motor Corporation. Equal Opportunity Employer M/F/D/V. We E-verify.
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