Finance Director at River Run Services LLC – Haverhill, Massachusetts

River Run is a shared services organization that supports banking affiliates, Newburyport Bank, Pentucket Bank and Rollstone Bank & Trust.

The Finance Director provides strategic leadership in financial analysis, budgeting, and strategic planning while overseeing ALM, ALCO, and liquidity programs and partnering with management to maintain finance, treasury, and investment policies.

Essential Job Functions

• Manages, in collaboration with external advisors, the Company’s investment portfolio, developing and executing investment strategies aligned with the organization's financial goals.
• Oversees all aspects of data gathering and analysis of the ALM program including coordinating with the external ALM consultant.
• Key member of the quarterly ALCO meetings and oversees the preparation of meeting materials.[CB3] [KD4] Provide guidance and recommendations to the Committee and Board to mitigate interest rate interest rate risk and manage capital allocation.
• Maintains the company’s Liquidity Management Program including owning the cash management database to identify funding needs, tracking and reporting on current funding sources, maintaining relationships with external wholesale funding sources, and executing borrowing and other liquidity related transactions.
• Manages and facilitates loan and deposit pricing committees, including overseeing the creation of materials.
• Active role in planning and providing insight to Executive Leadership and the Board of Directors as it relates to all corporate strategic initiatives, such as merger, acquisition or other business combination activities.
• Compiles the annual budget as it relates to the balance sheet and all areas associated with net interest income.
• Manages and analyzes the Bank’s insurance policies, ensuring adequate insurance coverage.
• Prepares and analyzes the balance sheet and income statement for the annual 3-year Strategic Planning process. Acts as a key member of the Strategic Planning team.
• Drives financial and profitability analysis projects such as review of departments, divisions, loan products, deposit products, and wholesale funding sources.
• Manages and develops direct reports by ensuring and encouraging appropriate cross training, while fostering an environment of continuous improvement and engagement.
• Continuously evaluate and improve processes to enhance operational efficiency and support evolving strategic priorities.

Qualifications, Experience, and Education

• Bachelor’s degree in accounting or finance required; Master’s degree or Certified Public Accountant (CPA) license preferred. An equivalent combination of education and relevant experience may also be considered.
• Minimum 10 years’ experience within the banking/financial services industry.
• Prior experience in ALM modeling, liquidity management, budgeting/forecasting, investment portfolio management, and exposure to M&A activities.
• Strong communication, attention to detail, Microsoft Office proficiency, and the ability to multitask and work both independently and collaboratively are essential.

River Run Services, LLC is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at hr@riverrun.com or call 978-462-3136.

The salary range represents an estimate based on market data for this position. Final compensation decisions are made based on experience, skills, and internal equity to ensure fairness and consistency across our organization.