Job Description

Job Code: HBC 25-25

Headquartered in San Jose, California, Heritage Bank of Commerce (holding company Heritage Commerce Corp – NASDAQ: HTBK) is a true business bank, founded by Bay Area business leaders in 1994 to serve the needs of local businesspeople throughout the community. Over 30 years later, Heritage Bank has grown into one of the largest and most financially stable local financial institutions in the greater San Francisco Bay Area. With 17 offices and assets totaling $5.65 billion (as of December 31, 2024), the Bank continues to deliver high-touch, customized financial solutions that support the vitality of the local business community. Branch offices are located in San Jose, Danville, Fremont, Gilroy, Hollister, Livermore, Los Altos, Los Gatos, Morgan Hill, Palo Alto, Pleasanton, Redwood City, San Francisco, San Mateo, San Rafael, and Walnut Creek.

Heritage Bank of Commerce provides a comprehensive suite of loan, deposit, and treasury management products tailored to meet the diverse needs of our clients. Traditional lending solutions include lines of credit, commercial real estate loans, equipment financing, and Small Business Administration (SBA) loans, with the Bank recognized as one of California’s largest SBA Preferred Lenders.

In addition to traditional offerings, we offer specialized lending solutions to address the unique needs of specific client segments. The Bank provides robust depository and cash management services to hundreds of Bay Area nonprofit organizations and offers specialized lending and financial services to dental and veterinary practices, including SBA loans, real estate and working capital financing, and practice acquisition funding. Furthermore, Heritage Bank has a dedicated HOA banking team focused on delivering loan, deposit, and treasury management solutions designed to improve the operational efficiency of local homeowner associations.

Culture

Our culture is driven by its values and focus on people, knowledge, and commitment. The Bank employs proven knowledgeable team members with extensive business banking expertise. Employees work collaboratively to proactively solve problems, exceed customer expectations, and produce superior results. We are committed to utilizing that expertise in developing long-term financial relationships with customers to understand their specific needs, by caring about their success and building the best solutions for them and their business. The Bank fosters a collaborative culture with a deep belief in helping each other thrive.

The Position

The Senior Vice President & Chief Accounting Officer (CAO) is a strategic and experienced leader plays a pivotal role in overseeing all accounting functions across our organization. Reporting directly to the Chief Financial Officer (CFO), the CAO is responsible for a wide array of essential tasks, including financial reporting, accounting operations, internal controls, regulatory compliance, and policy development.

This role ensures the integrity of our financial information and supports the Bank's growth through sound financial management and execution. By maintaining robust internal controls and adhering to regulatory requirements, the CAO helps us navigate the ever-changing financial landscape and ensures that our financial practices align with industry standards.

Pay Range:

Base Compensation is dependent upon role, experience, and skill set: Min- $178,880/yr Max- $268,320/yr

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Lead all accounting functions, including general ledger, accounts payable, accounts receivable, fixed assets, and regulatory reporting.
• Oversee the monthly, quarterly, and annual financial close processes and ensure accurate and timely financial statements in accordance with GAAP and regulatory requirements.
• Ensure full compliance with SEC, FDIC, FRB, and other regulatory agencies.
• Manage the preparation and filing of all regulatory reports, including the Call Report (FFIEC 041), FR Y-9, and other required bank filings.
• Partner with internal audit, external auditors, and regulatory examiners to facilitate audits and examinations.
• Develop, implement, and maintain effective internal controls and accounting policies.
• Collaborate with the CFO to support strategic initiatives, financial planning, and capital adequacy analysis.
• Oversee accounting systems and technologies; identify and implement process improvements to increase efficiency and accuracy.
• Lead, mentor, and develop a high-performing accounting team, fostering a culture of accountability, integrity, and continuous improvement.
• Monitor new accounting pronouncements and assess their impact on the organization.

QUALIFICATIONS/PROFESSIONAL EXPERIENCE:

• Bachelor’s degree in Accounting, Finance, or a related field; CPA required.
• 10+ years of progressive accounting and financial leadership experience, ideally within the banking or financial services industry.
• Deep knowledge of U.S. GAAP, SEC reporting, regulatory reporting, and bank accounting standards.
• Demonstrated success managing audits, internal controls, and regulatory interactions.
• Strong leadership, team development, and communication skills.
• Proficiency with financial systems and data tools; experience with FIS, Oracle, or similar platforms preferred.
• In-depth knowledge of banking regulations and compliance, including FDIC, Federal Reserve and other regulatory bodies.

Core Competencies:

• Financial Accuracy and Integrity
• Leadership and Team Development
• Regulatory Compliance and Risk management
• Process Improvement and Efficiency
• Strategic Planning and Execution
• Effective Communication and Collaboration

COMPLIANCE RESPONSIBILITIES:

The employee is responsible for ensuring compliance with all aspects of job-related laws and regulations and must maintain current compliance knowledge by attending compliance related training seminars and staff meetings and by reading pertinent compliance related materials. 

Job related laws and regulations include but are not limited to the following: Bank Secrecy Act (BSA); Office of Foreign Asset Control (OFAC); Vendor Management; Information and Data Security; and SEC regulations related to corporate governance and disclosure.

Heritage Bank of Commerce is an Equal Opportunity Employer committed to diversity and inclusion. We do not discriminate based on race, color, ethnicity, religion, sex, sexual orientation, gender identity, national origin, marital status, genetic information, disability, Veteran status, or any other characteristic protected by Federal, state or local laws.

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