Be a part of One Team One Mission!
Compensation starts at $25 per hour.
A Day in the Life:
The Financial Analyst is responsible for providing financial analysis and recommendations for the management of ALM, liquidity, profitability of credit union operations, allowance for loan loss, and strategic direction. This includes financial forecasting, assessment of financial risks and support in the development of organizational financial goals. This position assists with development of annual financial plan and budget. It also provides profitability analysis of products/services to aid in the decision-making of fee, savings, lending and promotional pricing. This individual is responsible for tracking, reporting and maintaining all information regarding the credit union investment portfolio. This individual also calculates allowance for loan loss requirements.
Essential Functions and Responsibilities:
The minimum requirement for any team member of our company is to work collaboratively and cooperatively with others, with a commitment to a workplace of dignity and respect, in compliance with Equal Employment Opportunity standards and regulations. We also require, as a minimum standard, that all team members have the ability to accept direction and constructive criticism from supervisors and managers.
- Provide ALM analysis and generate related reports in compliance with regulatory requirements. Model what-if scenarios related to ALM for management, including net income simulation and net economic value reporting.
- Provide support to the Asset Liability Management Committee (ALCO). Prepare committee reports, presentations, and education.
- Generate financial reports such as monthly key ratio graphs for the Board of Directors, cash flow projections, and review of financials for recommendations on investments and borrowings.
- Perform projection/what-if analysis to support in strategic planning, budgeting, and organizational profitability.
- Analyze and make recommendations on product and service pricing, business line profitability, breakeven on credit union investments and borrowings, promotions and other financial options.
- Maintain branch profitability measures using full allocation of organizational income and expense including creation of monthly variance reports.
- Coordinate the annual budget. Responsibilities include the linking of income and expense projections, asset/liability forecasts, and fixed asset additions into a comprehensive annual plan for the credit union. Support the executive team throughout the process and training as necessary to the credit union management team.
- Calculate the Allowance for Loan Loss (ALLL) requirement including the analysis of troubled debt restructured loans and their impact on the ALLL. Make recommendations on methodology.
- Maintain current information on the investment portfolio to support records/reports.
- Assist in policy development related to all aspects of ALM and Allowance for Loan Losses. This requires a familiarity of related regulations and industry standards.
- Perform portfolio analysis as needed for both loan and deposit portfolios, such as stratifications, segmentations, static pools, and etc.
- Maintain an up-to-date, accurate and complete training manual on duties of the job.
- Managing the mortgage sales activities in the secondary market.
- Perform other duties as directed by leadership.
Additional Functions and Responsibilities:
- Cross-train with the Business Intelligence Analyst and other positions.
Qualifications Required:
- High school diploma or equivalent.
- 3 years of financial institution experience and/or 2 years as a financial analyst.
- Demonstrated excellent analytical and organizational skills, including the ability to identify correlations between various groups of financial data.
- Demonstrated excellent ability to: be self-directed, work independently, seek out knowledge and learn independently, be comfortable with detail, and use oral and written communication.
- Demonstrated ability to gather, analyze, and present financial, statistical, and economic data in a clear and concise fashion.
- Demonstrated ability to master the use of multiple financial modeling software.
- Proficiency using Excel, Word, PowerPoint, data processing, and graphics.
Qualifications Preferred:
- 4-year degree in Accounting, Economics, Finance, or Business Administration.
- Direct experience in a financial institution working with ALM, profitability analysis, and/or loan loss analysis.
- Experience with mortgage sales in the secondary market.
Core Competencies:
- Member-focused: Championing our service philosophies to all internal & external members.
- Productive: Achieving excellence with attention to detail.
- Proactive: Taking initiative and ownership.
- Analytical: Using critical-thinking and problem-solving skills.
- Organized: Efficiently managing time and other resources.
- Communicative: Accurately expressing oneself verbally and in writing.
- Supportive: Being approachable, respectful, and team-oriented.
- Teachable: Embracing continuous improvement.
- Confidential: Maintaining a high level of confidentiality.
- Compliant: Respecting regulations, policies, and procedures.
- Computer proficient: Adept at using computers.
Working Conditions:
This position works in-office and remotely. Work requires an appropriate work environment in the home. In-office working conditions are normal. Lighting, temperature, audio, and work space are all sufficient. Work requires the ability to constantly operate a computer and the ability to read, type, and communicate.
Disclaimer/Intent and Function of Job Descriptions:
The above information on this description has been designed to indicate the general nature and level of work performed by team members within this classification. Because the nature of positions and job functions can change over time, this job description is not designed to contain or be interpreted as a comprehensive inventory of all essential functions, duties, responsibilities and qualifications required of team members assigned to this job. Job duties may be changed or modified in the Credit Union’s discretion. The Credit Union will keep team members updated on key functions, duties, and requirements of their position by communications from the Credit Union and by updating the job description from time to time. Any team member with questions about the nature of their job duties is encouraged to consult with his or her supervisor.
Equal Employment Opportunity Policy:
Community Financial Credit Union is an equal opportunity employer (M/F/D/V). We recruit, employ, train, compensate, and promote without regard to race, religion, creed, color, national origin, age, gender, sexual orientation, marital status, disability, veteran status, or any other basis protected by applicable Federal, State or local laws.