Financial Analyst

Performs all functions within the Finance area, including but not limited to performing analytical and operational tasks. Ensures adequate policies, procedures, and internal controls are in place to certify sound and efficient operations.

Duties and Responsibilities:
Develops and coordinates various internal management financial reporting, including various daily and monthly financial reports and financial forecasts. Able to independently prepare ad hoc analysis and strategically intelligent reports. Develops reports to assist senior management with strategic planning initiatives.

Responsible for developing the annual budget with the CFO. Sets expectations for the Credit Union’s cost center manager participation, coordinates the submissions received from responsibility managers for accuracy and reasonableness to include:

  • Ensures cost center managers analyze unusual budget variances and prepare explanations in accordance with the month end variance analysis.
  • Balance sheet and interest rate projections for calculation of net interest income.
  • Non-interest income and non-interest expense budgets.
  • Capital and non-capital expense budgeting.
  • Oversees monthly and quarterly budget variance and trend report preparation and timely distribution.
  • Ensures the appropriate maintenance of the budget software system.
  • Helps maintain a culture of accountability and focus on financial results, including but not limited to maximizing profitability.

Manages the Credit Union’s asset / liability function including:

  • Member of ALCO Committee.
  • Administers the ALM function, working with the Credit Union’s third-party ALCO vendor to ensure that the Credit Union maintains an adequate asset/liability management model and reporting capability.
  • Manages forecasting, planning and reporting model. Inputs monthly financial information into the budgeting and forecasting model and analyzes data.
  • Acts as liaison between the Credit Union and external examiners and auditors, supplying such information as financial, operational, or risk-related reports or as may be required in a timely, accurate and efficient manner.
  • Actively participates on committees and task forces. Attends seminars to keep informed of changes in finance and operations. Maintains effective expense control in operating the departments. Works closely with other CU managers to ensure smooth operations.
  • Responsible for cash flow management.
  • The aforementioned job duties are not meant to be all inclusive. They are to list the primary duties and responsibilities of the Financial Analyst. These job duties may be expanded or they may be delegated to others as directed by the CFO when necessary.

Officer Level Cognitive Abilities require candidate must be able to work with and collaborate with senior officers, peers and staff. The individual must be able to comply with all Federal and State Regulations, and internal credit union policies and procedures. Should have strong analytical and complex strategic thinking and tactical skills. Should possess complex problem solving; ability to multi-task, communicate effectively, have the ability to deal with conflict and resolve differences and operate in time pressure situations. Results driven, hands-on professional, with a passion for solving problems. The qualifications below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Supervisory Responsibility:

Language Ability:
The position requires the ability to read and interpret documents, along with the ability to write routine reports and correspondence. The incumbent must possess the ability to speak effectively in one-on-one groups or large groups and the ability to respond to inquiries or complaints in a professional manner.

Math Ability:
The incumbent should possess the ability to work with mathematical concepts such as probability and statistical inference. He/she should also be able to apply concepts such as fractions, percentages, ratios, and proportions to credit union situations.

Reasoning Ability:
Must have the ability to define problems, collect data, establish facts and draw valid conclusions. Ability to interpret a variety of complex instructions furnished in written, oral, diagram, or schedule form.

Computer Skills:
The position requires experience, MS Word, Excel, and PowerPoint.

  • Education/Experience Required
  • Bachelors degree in finance or accounting with a minimum of 3 years of accounting experience in a financial institution and/or combination of education and experience required.
  • Proven ability to work within a collaborative team environment.
  • Strong communication skills with the ability to work effectively with internal and external parties and influence senior level management as needed.
  • Ability to effectively communicate monthly and quarterly ALM reports to management.
  • Effective organizational and time management skills.
  • Self-motivated, able to work independently and to prioritize departmental responsibilities.
  • Knowledge of asset liability management, budgeting, cost accounting, investments and operations.
  • Knowledge of various financial systems and software applications.
  • Strong analytical, planning, problem solving and project management skills.
  • Knowledge of state and federal banking regulations.
  • Excellent computing skills including loan, deposit and related software and experience in MS Office applications.
  • Knowledge of all credit union policies, products, services and regulations.
  • Must be adaptable and able to work well in a changing environment.
  • Must observe confidentiality, handle multiple concurrent tasks and deal with interruptions.

Working Conditions and Physical Effort
The work environment characteristics described here are representative of those a Financial Analyst encounters while performing the essential functions of this job.

  • Physical Demands/Efforts
  • Regular physical exertion required to lift up to 20 lbs.
  • Work performed is typically sedentary with occasional periods of walking and standing. May also require stooping, kneeling and crouching.
  • Utilizes finger dexterity to perform computer options.
  • Must be capable of effective oral communication via writing, telephone, fax or face to face.
  • Travel between locations and attend meetings.

Mental & Visual Demands

  • Mental concentration required to work with numbers and spreadsheets.

Work Environment and Hazards
Work environment is in a typical office setting free from noise and hazards.