Chief Accounting Officer

 Responsible for the Accounting and Finance Department for Freedom Financial Holdings, and The Freedom Bank of Virginia’s (“FDVA” or the “Bank”) day-to-day activities with respect to the Bank’s general accounting systems, internal and external financial reporting, enterprise-wide control environment, timely/accurate payment processing, and timely/accurate payroll processing, and processing of stock based compensation to include restricted shares grants, vesting, and forfeitures. The CAO manages a department of four or five staff to accomplish the same 

General Ledger Account Maintenance

Responsible for the oversight and maintenance of all general ledger accounts within the consolidated entity. Loan reconciliations are prepared in the Loan Department; however, the responsible for ensuring that each has been prepared/reviewed timely and appropriately archived. 

Additionally, the will be required to assist in the preparation of the annual budget, forecasting, and subsequent reporting process. 

Financial Reporting

Responsible for reviewing all financial reporting to be filed with third party entities. Should have a strong understanding of GAAP and be efficient/effective in conducting research to cite authoritative accounting guidance for various positions taken within the Bank. This individual will be responsible for ensuring accurate and timely preparation of monthly, quarterly, and annual financial reports including, but not limited to:

· Call Report

· Periodic Equity Reports/Forms 4, 5

· Earnings Release/10Q

· Annual Report/10K

· State and Federal Tax Filings

· Regulatory filings with Federal Reserve

· Regulatory filings with State Corporation Commission

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Control Environment

Responsible for implementing and maintaining an enterprise-wide risk-based control environment within the Bank. This responsibility will involve collaboration with all departments of the Bank to ensure that adequate controls are in place and that they are being appropriately documented. Responsible for writing and updating procedures. The CAO and staff will be responsible for responding to external and internal audit requests and maintaining the necessary documentation. 

Committee Attendance

Responsible for regular attendance of various internal committee meetings including, but not limited to Board, Risk & Audit Committee, Pricing and Investment Committee, CECL Committee, Board ALCO, and other meetings as required . This responsibility also includes ensuring timely preparation of committee documentation and thorough review of committee packages prior to attendance.

Taxation

Familiar with corporate taxation, including, but not limited to, effective tax rate calculations, quarterly tax provision calculations, conducting state nexus studies, and general tax mitigation strategies. Additionally, this individual should be familiar with payroll withholding taxes and will be responsible for managing/communicating with state and local taxing authorities. The CAO is the primary contact between the firm and the firm’s tax accountants.

Interest Rate Risk, Forecasting, and Liquidity Operations

Oversees the staff responsible for preparation of financial reports used in Asset/Liability Management Operations. Assist in the preparation of the annual budget and periodic forecasts. The Accounting Department is responsible for recording and settling borrowings, investment purchases and sales and interfacing with Deposit Ops and the Wire Room when necessary to move money.