Line of Business CFO

  • Northwest Bank
  • Washington, District of Columbia
  • Full Time
As a key member of Business Finance, this role serves as a strategic partner, providing financial support to one of Northwest's core Business Lines (Commercial, Consumer, etc.) and will oversee business line finance responsibilities, which include: working with the business line to set financial strategies and overall direction to support leadership's strategic priorities, act as a member of the division's leadership team, provide an independent view of financial matters, and utilize financial and business metrics to help business leaders drive performance and realize targeted outcomes. Essential Functions In depth knowledge of the banking industry Create a business review clearly stating the priorities, success measures and projected financial outcomes of the business line Play a lead role with the creation of the annual budget and subsequent forecasts, including data gathering and preparation of exhibits for senior leadership, including identification of potential financial risks and opportunities Analyze and/or create where necessary, production and budget metrics impacting the income statement and balance sheet Work with assigned Line of Business to explain variances to budget/forecast and clarification of profitability reporting Ability to work with and influence leadership across all levels Prepare financial statements, analyze performance and provide insights and explanations, enabling business leaders to make more informed decisions Provide financial expertise and guidance on key decisions and initiatives Provide targeted financial expertise to help improve financial performance Provide guidance for quarterly earnings, analyst calls and Board of Directors meetings Establish strong KPIs and metrics to track overall business performance Maintain documentation of all processes within the Business Finance team, including the creation of process documentation that may not currently exist Support the development and documentation for line of business strategic plan Perform ad-hoc analysis, as necessary Ability to manage, develop and supervise other individuals as part of a team Additional Essential Functions Ensure compliance with Northwest's policies and procedures, and Federal/State regulations Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency Work as part of a team Work with on-site equipment Additional Responsibilities Complete other duties and special projects as requested by management Safety and Health for Supervisors with Direct Reports Provide leadership and positive direction for maintaining the safety and loss prevention program Actively participate in and support employee participation in the safety and loss prevention program by ensuring that employees know how to properly report a safety issue, making sure that all accidents are promptly reported to Human Resources and documented, and ensuring that prompt action is taken whenever workplace hazards are identified Help implement emergency procedures QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education Bachelor's Degree Finance, Accounting or related degree And Master's Degree Finance, Accounting or Business Administration Work Experience 12 - 15 years Accounting, Finance or related work experience And 8 - 12 years Experience leading a business line/P&L And 8 - 12 years Financial planning and analysis, accounting, strategic planning with financial services industry General Supervisory/Manager Knowledge, Skills, and Abilities Ability to identify existing and potential problems, obtain and evaluate relevant information, identify possible causes of the problems, and suggest an alternative course of action including innovative or creative approaches Ability to allocate and effectively use information, personnel, time, and other resources necessary for implementation of Northwest's strategic plans Ability to make decisions, render judgments, and take action on tasks within the scope of given authority in a timely fashion Ability to develop, evaluate, and implement alternative courses of action, based on correct assumptions concerning resources and guidelines, and support decisions or recommendations with data or reasoning Ability to present and express ideas and information effectively and concisely in an oral and/or written mode in a manner appropriate for the audience Ability to listen and comprehend what others are saying and facilitate the open exchange of ideas and information Ability to motivate and provide direction in the activities of others, appropriately assigning work and authority, in the accomplishment of goals; providing advice and assistance as required Ability to understand and appropriately apply procedures, requirements, regulations, and policies; maintain credibility with others on specialty matters Additional Knowledge, Skills and Abilities Ability to establish effective working relationships among team members and participate in solving problems and making decisions Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas Licenses and Certifications CFA CPA Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees. At Northwest, we're here for what's next. Whether we're finding opportunities for families, businesses and communities or opening doors for our team, we share a passion for helping the people around us succeed. And we know that in order to provide the highest level of care, we need to understand unique experiences and perspectives. That's why, whether you're interested in a corporate role or something customer-facing, your talent and voice matter. Here, you belong. Working at Northwest, you'll find that we recognize our employees for the important work they do through competitive compensation and benefits, professional development opportunities and by regularly celebrating wins along the way. So, take a look at the opportunities here. And join us as we move into the future making a difference for the people we serve.
Job ID: 481372610
Originally Posted on: 6/15/2025

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