Financial Planning amp Analysis Analyst II

Profile

At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition
reimbursement--available
to all full and part time employees. Part time positions start at a minimum of 30 hours per week.
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Financial Planning & Analysis Analyst II
ACCOUNTABILITY STATEMENT

The incumbent will be the part of the Financial Planning and Analysis (FP&A) team and assist the Manager, FP&A in carrying out the broader company mission.

The Financial Planning and Analysis (FP&A) function refers to the corporate finance and planning role. This includes all aspects associated with planning, forecasting, analysis and reporting to aid senior management with decision-making. The FP&A team leads the Annual Operating Plan (AOP), or budget, process and prepares profitability reporting for business units, delivery channels, products and members/households. The team also prepares ad-hoc analysis for new business initiatives, products and expansion. These duties require building and maintaining various models using business intelligence tools and corporate financial management programs. The FP&A team will work closely with the Financial Risk Management (FRM) team, Accounting and other business units. The Financial Analyst will support the FP&A function at the direction of the Manager, Financial Planning and Analysis.
ESSENTIAL FUNCTIONS
Modeling:
Analyze and enhance historic and forecasted profitability models for business units, delivery channels, products and members/households including activity-based costing, transaction-driven cost allocations and sensitivity analysis.
Assist in development and maintenance of long-term forecast, working closely with department leadership to formulate business's medium to long-term financial and strategic plans. This includes producing models to project long-term growth and determining the impacting business factors
Analyzefinancial and operational results to better understand company performance including evaluating whether the company's current assets and investments are the best use of the company's excessworking capital, by looking at return on investment (ROI) and comparisons with other ways the company might utilize itscash flow(e.g., other possible investments)
Reviewexisting processes and procedures to develop recommendations for improvement efforts. Communicateresults and recommendations to various stakeholders for improvements that will lead to cost reduction, revenue generation andstreamlining operations.
Ability to drive a project from inception to delivery to include design, development, testing and implementation
Assist in the Annual Operating Plan (AOP), or budget, process to include interaction with key stakeholders and business units to develop key performance indicators (KPI) to help enhance their budgeting process
Review and analyze various aspects of the AOP for reasonability and create KPI dashboards.
Analyze the trends of Key Performance Indicators (KPIs) and identify the cause of any unexpected variances.
Provide insights to senior stakeholders around financial modelling, forecasts, and profitability.
Present the monthly and quarterly financial reports of various units and departments
Develop a detailed rolling income statement forecast that can be integrated into the Annual Operating Plan and various department models
Prepare and automate reports and presentations for Senior Management and the Board of Directors to include financial statements, variance reporting, ratios, slides and other analysis
Take ownership of long-term planning exercises including tracking variances, back-testing results, reporting and sensitivity analysis
Develop and enhance models for branch expansion efforts to include pro-forma statements and other reports to assist management in strategic initiatives
Take ownership of the monthly Allowance for Loan Losses analysis including validating and performing the allowance methodology in accordance with State and NCUA regulations
Develop and maintain process for checking valuation credit marks related to remaining acquired loan balances to ensure acquired loans do not need to be included in the current Allowance for Loan Loss analysis
Work with the FRM team to develop a new Allowance for Loan Losses model to migrate to the Current Expected Credit Loss (CECL) model
Assist in balance sheet updates and deposit pricing recommendations for presentation to the Asset-Liability Committee (ALCO)
Develop and incorporate funds transfer pricing (FTP) in profitability reporting for business units and products
Maintain, enhance and develop models to assess performance of branches and other delivery channels to assist Sr. Management in decision making
Review the quarterly peer analysis reports for presentation to ALCO and define key variances
Analyze the monthly Return on Assets decomposition model and explain variances
Perform ad-hoc income and cost analysis to aid business units and management in decision making for new products, services and business initiatives
Responsible for continued process improvement and compliance with State and NCUA regulations in all areas
Create, maintain and enhance various models to assist the FRM team with liquidity reporting and asset-liability management
Extract data from business intelligence databases or other sources using data mining tools such as SQL, VBA, Crystal Reports, Power BI or other methods
Takes initiative in supporting changes needed in FP&A functions related to impacts from strategic initiatives such as M&A and new lines of business
Ad-hoc business performance reporting.
Perform special projects or initiatives as assigned
Financial Decision Support & Reporting:
Analytical and statistical examination skills
Exhibits advanced knowledge of profitability concepts, systems and reporting including Funds-Transfer Pricing, activity-based costing and allocations
Takes initiative in supporting analysis and models for both the FP&A and FRM functions
Excellent skills in ensuring reporting is complete, accurate and balances to the overall financial reports
Develops clear and concise written analysis of modeling results for presentation to business units, ALCO, senior management and the Board of Directors
Documents all work processes and models used for FP&A functions
Takes initiative in supporting changes needed in FP&A functions related to impacts from strategic initiatives such as M&A and new lines of business
Effectively supports the Finance team with requirements for the annual regulatory examination by the State of Florida and NCUA
Incumbent is expected to demonstrate each of the following VyStar Excellence behaviors in performing the duties and responsibilities of their job.
Focus your full attention by carefully listening to and observing your client or member.
Consistently be friendly and approachable. Demonstrate you care.
Listen empathetically and ask questions. (70%/30%)
Recommend solutions based on your client's or member's needs and objectives.
Ensure that member's expectations were exceeded.
Verify necessary follow-up action.
JOB KNOWLEDGE, SKILLS & ABILITIES
Required:
Avid and positive team player that works well across multi-disciplined organization
Ability to work with both finance and non-finance professionals
Strong analytical capabilities with knowledge of accounting/financial reporting and financial modeling
Ability to coach and mentor other analysts
Strong communication skills including presentation, interpersonal and writing skills
Ability to work independently and is a self-starter
Exhibits flexibility and willingness to take on new responsibilities and assignments
Working knowledge of profitability/corporate performance management (CPM) software such as IBM TM1, SAS or others
Working knowledge of Data Analysis programming languages such as SQL, VBA , Python, Power BI or others
Ability to understand regulatory compliance issuances and incorporate them into the FP&A functions
Advanced skills in Excel, PowerPoint and Word
EDUCATION
Required:
Bachelor's degree in Finance, Accounting, Economics or related area
2 years of functional experience with budgeting, profitability and data mining activities
2 years of experience in statistical/quantitative analysis tools such as SQL, Power BI SPSS, or other tools.
2 years of experience in Financial Analytics/Modeling using TM1 or other budgeting, forecasting or profitability systems
4-7 years of related experience
Preferred:
Masters of Business Administration (MBA) or Master's Degree in a Quantitative or finance discipline or Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) designation or working toward one of these.
Knowledge of credit union/bank products and services.
Proficiency in data analytics.
DISCLAIMERS AND WORK ENVIRONMENT
Nothing in this position description is an implied contract for employment. The position description is intended to be an accurate account of the essential functions. The functions are not all encompassing and are subject to change at any time by management.
The work environment characteristics described are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
As required or requested, may exert up to 20 pounds of force occasionally and/or a negligible amount of force constantly to lift, carry, push, pull or otherwise move objects.
Category
Financial and Investment Analysts
Education
Bachelor's Degree
Experience
2 to 20 years
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