Finance
We have an extensive portfolio of financial models, tools, and templates that can save time and effort during the application and build process. We are experts in financial modeling and budgeting. This allows us to take your business plan and develop three and five year financial proforma with the level of detail to exceed the regulators’ expectation.
1.
Pro forma Modeling
The financial modeling required as part of the application process is quite extensive. It goes well beyond the traditional balance sheet and income statement. These requirements can include capital planning, risk analysis, stress test, credit risk analysis, economic analysis, market analysis, target customer segment analysis, and all the documentation that supports the numerous assumptions.
2.
Expense Management
During the pre go-live period, managing expenses and payables are critical. Staying on budget during this period sends a good message to your shareholders that you are a good steward of their money.
3.
Financial Systems
Configuring and setting up financial systems is a big part of this role. This includes the general ledger, cost/profit centers, product codes, branch codes, accounts payable, accounts receivables, internal and external reporting, bank accounts, correspondent bank relationships, and many other components.
4.
Financial Processes and Controls
In addition to having the needed financial systems in place, the regulators will require a robust set of policies and procedures on all things financially related. The regulators view the office of the CFO as the caretakers of the organization. As such, they expect a strong culture of financial control and risk mitigation.