What are the responsibilities and job description for the President & Chief Executive Officer position at Bankstar Financial?
Reports To: Board of Directors
Location: BankStar Financial (All Locations)
Status: Full-Time, Exempt
BankStar Financial is a locally owned community bank, with a team of dedicated and talented individuals that work together to provide top-notch service to our customers. We take pride in brightening peoples’ lives through good work, strong partnerships, and community involvement. We are looking for team members that are willing to demonstrate leadership by embodying our core values: accountability, flexibility, integrity, positivity, and teamwork.
Position Summary:
The President & Chief Executive Officer (CEO) is responsible for leading BankStar Financial in alignment with its mission, vision, values, and strategic goals. The President & CEO provides visionary leadership, ensures operational excellence, drives financial performance, and represents the bank within the community and the financial services industry. This individual works in partnership with the Board of Directors and executive team to guide sustainable growth, innovation, and community impact.
Key Responsibilities:
Strategic Leadership
- Lead the development and execution of the bank’s long-term strategic plan.
- Identify growth opportunities, including market expansion and strategic partnerships.
- Monitor industry trends and respond proactively to market conditions and regulatory developments.
Financial Management
- Ensure the bank meets or exceeds its financial goals, including profitability and asset/liability management.
- Oversee budgeting, forecasting, and financial reporting processes.
- Monitor financial risks and implement sound fiscal policies.
Leadership & Organizational Culture
- Foster an inclusive, high-performance culture aligned with the bank’s core values.
- Recruit, develop and retain a strong leadership team.
- Promote a culture of innovation, accountability, and continuous improvement.
Community & Stakeholder Engagement
- Serve as the face of the bank to customers, community partners, regulators, and shareholders.
- Strengthen community ties through visibility and service.
- Communicate clearly and regularly with the Board of Directors and key stakeholders.
Innovation & Technology Leadership
- Champion the adoption of new technologies to enhance the customer experience.
- Lead digital transformation initiatives.
- Stay informed on emerging banking technologies and trends.
Operational & Risk Management Oversight
- Oversee the daily operations of the bank, ensuring efficiency and customer satisfaction.
- Maintain a robust risk management framework.
- Ensure full regulatory compliance across all bank functions.
Qualifications:
- Bachelor’s degree in Business, Finance, or related field (MBA preferred).
- Demonstrated executive leadership experience, preferably in a financial or banking environment.
- Proven success in strategic leadership, financial performance, and team development.
- Excellent communication and interpersonal skills.
- Visionary and innovative mindset with strong problem-solving abilities.
- Committed to community engagement and ethical leadership.
Core Competencies:
- Strategic Thinking
- Financial Acumen
- Relationship Building
- Team Leader
- Talent Development
- Community Engagement
Equal Opportunity Employer | Member FDIC