JAY M. LARSON

**** ***** ******* *.*. Saint Michael, MN 55376

Mobile: 763-***-**** ad4k65@r.postjobfree.com

BUSINESS OPERATIONS/FINANCE/AUDIT LEADER

Business and financial operations service leader with a record of achievement in banking, accounting, audit, internal controls, and financial reporting. Proven skills in internal controls, audit, operations, financial reporting, including executing efficiencies and creating and implementing processes and procedures consistent with regulations.

Expertise in mergers, audit, internal controls, and system integration.

Proven relationship management skills enabling effective collaboration between finance, IT, and operations. Responsible for system administration as well as credit, network administration and management. Well-versed in leading critical aspects of outsourcing and vendor relations.

CORE COMPETENCIES

Finance • Operations • IT Systems and Network Administration • Accounting • Internal Controls

GAAP Financial Statements • Financial Reporting • Audits • Accounts Receivable

Accounts Payable Staff Training & Development • CRM Tools • Regulatory Compliance

EXPERIENCE

Vice President/Controller

Drake Bank, St. Paul, M 05/2020 – 03/2024

A $240 million community bank with 38 employees.

Responsible for and leading all bank finance, general ledger, and all accounting functions. Calculate month-end entries, pre-paids and accruals. Ensure compliance with all regulatory requirements while effectively managing the bank's liquidity position and financial reporting. Custodian of the investment portfolio. Supervisor of cash management function ensuring bank has positive daily cash flow. Responsible for holding company transactions and reporting. Chairperson of the ALCO committee and all board reporting.

Senior Financial Accountant

Highland Bank, Maple Grove, MN 12/2018 – 05/2020

A $500 million community bank with 90 employees.

General ledger and accounting functions, pre-paids, fixed assets, accruals, and daily settlement. Financial and accounting functions, to include call report, regulatory and tax reporting, and reconciliations.

(Interim)Chief Financial Officer

Citizens Bank, Robertsdale, AL 01/2018 – 12/2018

A $110 million community bank with 34 employees and three branches.

All financial and accounting functions, to include call report, internal controls,

financial reporting and audit. Supervise accounts payable and accounting departments.

Chief Financial Officer

Citizens Community Credit Union, Devils Lake, ND 03/2017 – 12/2017

A $200 million credit union with 72 employees and 11 branches.

All financial and accounting functions, to include call report, internal controls,

financial reporting and audit. Supervise accounts payable and accounting departments. Work closely with the regulators to resolve a “Memorandum of Understanding” order.

Vice President – Finance Officer

State Bank of Delano, Delano, MN 01/2015 – 03/2017

A community bank with assets of $88 million and 24 employees.

General ledger and all accounting functions, fixed assets, pre-paids, accruals, vendor management, ALCO, liquidity, bank investments and cash management. Building maintenance and general contracts.

IT committee, Audit committee, Compliance committee and ALCO committee

Executive Vice President - Operations & IT Manager

First American Bank/Great Northern Bank, Saint Michael, MN 03/2004 – 12/2014

A community bank with assets of $160 million and 48 employees.

Responsible for and leading all bank finance and operations including transaction processing, ACH, retail and merchant payment services, general ledger, and all accounting functions. Calculate month-end entries, pre-paids and accruals. Ensure compliance with all regulatory requirements while effectively managing the bank's liquidity position and financial reporting. Custodian of an investment portfolio of $14 million. Supervisor of cash management function ensuring bank has positive daily cash flow.

Managed staff of 7 employees.

Achievements:

Improved customer service while saving the bank $48,000 annually in outsourced item processing costs by procuring, installing, and managing an in-house item processing system.

Key player in the data migration project converting all Great Northern Bank’s core systems to the bank that acquired Great Northern Bank.

Cut courier costs while enhancing customer service by replacing a physical courier service with remote deposit capture.

Led the initiative to save the bank more than $50,000 a year in core processing costs by converting to an in-house banking software solution. Identified and managed the vendor and ensured prompt training of all necessary staff.

Reduced facility and vendor maintenance costs by re-negotiating all existing service contracts.

Created a high-performing team by providing training and development opportunities on an

ongoing basis.

Vice President - Operations

Woodlands National Bank, Onamia, MN 12/1996 – 03/2004

A community bank with assets of $60 million and 34 employees located in three communities.

Responsible for and led all bank finance and operations for three locations: including transaction processing, ACH, retail, and merchant payment services. General ledger and all accounting functions, calculating month end entries, pre-paids and accruals. Managed a $34 million investment portfolio. Served as a trusted advisor to the Board of Directors providing asset and liability reports and recommendations for operating improvements. Ensured compliance with all banking regulations while effectively managing the bank's liquidity position. Orchestrated the delivery of all required employee training. Managed a staff of 12.

Achievements:

Created a financial reporting system that provided the Board of Directors with clear and concise data for financial decision making.

Improved internal banking operations by identifying and implementing new banking software and hardware with no interruption in the delivery of customer services, which included vendor selection, conversion, integration, roll-out, and training.

Researched technology options to streamline operations for internet banking, check imaging and teller platform.

Implemented an asset/liability program to monitor and measure liquidity risk.

Created quarterly call report as well as required reports to maintain compliance with regulations.

Spearheaded the expansion and construction project for a new bank facility. Collaborated closely with the architect, general contractor, and vendors to secure and install new equipment and furniture as well as all necessary drive-up and security equipment within 9 months.

ADDITIONAL EXPERIENCE – Prior to 1996

Vice President of Operations - Financial Image Inc., Loretto, MN

Corporate Controller - American Health Care, Phoenix, AZ

Operations Officer - Bank of Arizona, Scottsdale, Fountain Hills, AZ & Squaw Peak, AZ

Operations Officer - First State Bank of Arthur, Arthur, ND

TECHNOLOGY SKILLS

Microsoft Office modules (Word – Excel – Outlook – PowerPoint)

Access – Exchange Server - Arta – LaserPro, as well as several Banking Software applications

EDUCATION & TRAINING

Bachelor of Science Degree, Business Administration

Graduated Magna Cum Laude, Mayville State University, Mayville, ND

Graduate School of Banking, University of Wisconsin - Madison - 3-Year Program -Madison, WI

North Dakota Bankers Association School of Banking

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