Financial Analyst

Profile

The Financial Analyst will provide support in the following areas: balance sheet and income forecasting; liquidity management; asset liability management (ALM); ALCO reporting; loan and deposit pricing; and other ad-hoc analyses and or Business Intelligence projects in support of the strategic goals of the credit union.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Financial Forecasting, Reporting, and Budgeting
Systematically monitor and project cash requirements, cash availability, and funding requirements.
Monitor loan funding projections and deposit flows.
Review the pricing of the Credit Union's portfolio monthly or as needed.
Prepare balance sheet and income projections and evaluations for management.
Upload monthly financial data into Profitstar and produce monthly Financial Reports.
Assist in annual budgeting process and annual strategic planning activities.
Update existing and create new financial models to support credit union objectives as needed.
Contribute to the ALCO & Board reporting process.
Financial Management & Support
Assist with monitoring and making changes in financial controls, policies, programs as necessary.
Develop and recommend enhancements to improve operational processes and procedures
Analyze Big Data and deliver actionable insights via detailed Business Intelligence or infographic Reports.
Perform other duties and/or ad hoc reports as assigned
Asset Liability Management
Serves as an Asset Liability Management specialist in running computer simulation models used in Asset/Liability Management (ALM).
Documents and validates model assumptions inputs. Reviews and validates model results of income simulations and market value models to ensure outputs and analytics are reasonable.
Supports ALM model results with back testing, sensitivity analysis and ongoing monitoring and documentation in accordance with model risk management guidelines to ensure accurate results.
QUALIFICATIONS
An individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
Bachelor's degree in Finance, Accounting, Business Administration, or related field.
3-5 years of financial analysis experience, preferably within a financial institution.
High Proficiency in Microsoft Office Applications (Word, Excel, PowerPoint) especially complex formula/function development and utilizing PivotTables and other methods to manipulate large datasets.
Strong financial statement knowledge and understanding of the structure of a credit union's balance sheet and income statement.
Robust knowledge of financial operations of a credit union, including but not limited to, profitability, liquidity, credit risk, interest rate risk, ALM, loan and deposit pricing.
Experience with MS Access, Report Writers, GL Accounting Systems, Query Tools, Data Manipulation.
Experience in applying techniques used in analyzing and reporting financial information
Knowledge of financial accounting and management techniques
Experience & understanding of accounting principles (US GAAP)
Programming Skills
The ability to do some minimal coding or understand what is necessary to use a system to improve processes with different technologies is an asset
Computer Languages most encountered are SQL and VBA
Data Visualization & Analytical Skills
Ability to handle/analyze big data from disparate sources accurately, thoroughly, and efficiently; organize data into simple, complete, and concise presentation formats with appropriate infographics via data visualization platforms like PowerBI and formulate a supportable conclusion
Other Skills and Abilities
Ability to perform financial and economic analyses at a macro and micro level and effectively explain cause and effect
Effective verbal/written communication skills to interact with all levels of Credit Union personnel
Must be able to think through complex problems and develop solutions
Perform job functions with limited supervision and work effectively either individually or as part of a team
Read and carry out various instructions and follow oral instructions
Speak clearly and deliver information in a logical and understandable sequence
Deal calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization
Perform responsibilities with composure under the stress of deadlines/requirements with extreme accuracy and quality
Effectively handle multiple, simultaneous, and changing priorities or projects
Exercise highest level of discretion on confidential matters
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs.
May be required to climb/descend stairs in emergency.
Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day.
Must be able to work extended hours whenever required or requested by management.
Must by capable of regular, reliable, and timely attendance.
While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel. Is also required to talk and hear.
The employee is frequently required to reach with hands and arms.
Specific vision abilities required by this job include close vision.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those 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.
Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise.
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