VP, Director of Finance

**

Management

Syracuse, NY, US

Salary Range: $150,000.00 To $190,000.00 Annually

At Solvay Bank, our formula for success combines the traditions of our culture and a sharp strategic vision. We are a growth-oriented community bank that fosters excellence, pride, teamwork and engagement in our workplace. Consider an opportunity as part of our finance team.

VP, Director of Finance

We are seeking an experienced Director of Finance to lead the financial management, strategy, and planning of the bank. This role oversees budgeting, forecasting, asset/liability management (ALM), revenue growth strategies and regulatory financial reporting, while providing strategic insights to executive leadership. The Director ensures the bank maintains strong financial health, regulatory compliance, and sustainable profitability.

The successful candidate will have a blend of financial strategy, regulatory compliance and strong leadership skills. They will have a graduate degree in Accounting or Finance. A minimum of 15 years’ progressive experience required. Prior financial institution experience and CPA strongly preferred.

For over 109 years Solvay Bank has been dedicated to our customers and community. Join us and enjoy the many rewards; matched 401(k) retirement savings, health and dental coverage, and more.

Internal applications must be submitted by 06/24/2026

Solvay Bank is an EOE/AA/Disability/Veteran

https://dol.ny.gov/system/files/documents/2023/06/p690-your-rights-as-an-employee-to-express-breast-milk-at-work-.pdf

https://dol.ny.gov/system/files/documents/2022/02/ls740\_1.pdf

Job Title: Director of Finance

Position Summary

The Director of Finance is responsible for supporting the financial strategy, planning, and performance management of the bank. This role oversees budgeting, forecasting, asset/liability management (ALM), revenue growth strategies and regulatory financial reporting, while providing strategic insights to executive leadership. The Director ensures the bank maintains strong financial health, regulatory compliance, and sustainable profitability.

Key Responsibilities

Financial Strategy & Executive Partnership

• Partner with the CFO, to develop and execute financial strategies aligned with the bank’s growth objectives

• Provide actionable insights on profitability, liquidity, capital planning, and balance sheet optimization

• Support strategic initiatives including loan growth, deposit strategies, and product pricing

Financial Planning & Analysis (FP&A)

• Lead the annual budget, multi-year financial plan, and rolling forecasts

• Analyze key drivers of bank profitability, including net interest margin (NIM), non-interest income, and expense management

• Develop and maintain financial models to support lending, deposit growth, and investment strategies

• Prepare and present financial performance reports to executive leadership and the Board of Directors

Asset/Liability Management (ALM)

• Oversee ALM processes, including interest rate risk analysis and balance sheet positioning

• Monitor liquidity, funding strategies, and capital adequacy

• Partner with Treasury and ALCO to optimize earnings while managing risk

• Utilize ALM models and scenario analysis to inform decision-making and investment strategies

Accounting & Financial Reporting

• Oversee preparation of accurate and timely financial statements in accordance with GAAP

• Ensure integrity of the general ledger and financial reporting systems

• Manage month-end, quarter-end, and year-end close processes

• Manage oversight of all reserves, Allowance for Credit Losses (ACL) and loan modifications and accounting considerations

Regulatory Reporting & Compliance

• Ensure timely and accurate completion of all required regulatory filings (e.g., Call Reports)

• Oversee all monthly, quarterly and annual financial reporting requirements

• Maintain compliance with applicable banking regulations and internal controls

• Oversee internal and external audits and regulatory examinations

• Stay current on changes in banking regulations and accounting standards

Capital & Liquidity Management

• Monitor capital ratios and support capital planning strategies

• Oversee liquidity management, cash flow forecasting, and funding sources

• Provide analysis on dividend strategy, capital deployment, and stress testing

Team Leadership

• Lead and develop the finance and accounting team

• Establish clear goals, accountability, and performance expectations

• Promote a culture of collaboration, accuracy, and continuous improvement

Process & Systems Optimization

• Evaluate and enhance financial systems, reporting tools, and data analytics capabilities

• Drive automation and efficiency in financial reporting and planning processes

Qualifications

Education & Experience

• Bachelor’s degree in Finance, Accounting, or related field (MBA preferred)

• CPA strongly preferred

• 15+ years of progressive finance experience, with significant experience in banking or financial services

• Demonstrated experience with ALM, regulatory reporting, and bank financial performance management

Skills & Competencies

• Deep understanding of banking financial metrics (NIM, ROA, ROE, efficiency ratio)

• Strong knowledge of banking regulations, Call Reports, and compliance requirements

• Expertise in financial modeling, tax planning, forecasting, and balance sheet analysis

• Experience with ALM software and financial reporting systems

• Strong leadership, communication, and presentation skills

• Ability to translate complex financial data into actionable insights

Preferred Experience

• Experience working directly with Asset/Liability Committee (ALCO)

• Familiarity with CECL (Current Expected Credit Loss) methodology

• Experience in community or regional banking environments

• Exposure to loan portfolio analytics and deposit pricing strategies