Financial Analyst I

POSITION SUMMARY

Responsible for assisting the VP Treasury and CFO with development of the Board Packet and Asset and Liability Management Committee (ALCO) package; perform interest rate risk modeling, forecasting, cost/benefit analysis and peer group reporting; develop product cost and profitability information; and assist with preparation of annual budget. Maintain quality service standards set by the organization. The nature of the work requires a high degree of confidentiality and a level of independence and reliability in analysis.

ESSENTIAL FUNCTIONS

1. Maintain daily loan/deposit analysis and certificates reports. Generate monthly reports of cost of funds and loan yield.

1. Analyze and reconcile month-end loan and deposit data.

1. Order cash for the branches on a weekly basis using corporate credit union.

1. Assist in the preparation of reports and information for monthly Board, ALM and Pricing Committee meetings.

1. Analyze and develop an understanding of the allowance for loan loss methodologies. Assist in calculation of the Current Expected Credit Loss (CECL) model.

1. Monitor Troubled Debt Restructured loans (TDR).

1. Prepare a quarterly comparison of area Credit Unions performance based on information reported to the NCUA. Analyze and report on the results of this comparison.

1. Prepare and review the monthly Catalyst Loan Participation report.

1. Analyze various income and expense accounts, developing trend analysis and forecasts.

1. Assist in preparation of the Credit Union’s annual budget.

1. Analyze daily Credit Union cash flows to determine minimum amounts needed on deposit to clear daily settlements. Prepare monthly cash flow statements.

1. Assist in preparing schedules for internal and external audits including the Credit Quality Disclosure for Postlethwaite and Netterville.

1. Update and maintain ALM software and reporting quarterly.

1. Develop working knowledge of Axiom, a software used to compile Board reports and budgeting.

1. Assist VP Treasury with investments reconciliation and reporting.

1. Develop, update, and maintain department/branch profitability reporting using ALM software. Identify and import host processor extract data and cost allocation methodologies.

1. Assist the accounting staff with chart of accounts set up and accounting procedures that will facilitate profitability accounting and reporting.

1. Provide assistance to the accounting staff as directed by the VP Accounting.

1. Develop and use data preparation techniques for analysis, data mining, combining different datasets to deliver insights and problem solving. Develop a proficiency in tools such as Excel, Power BI, and Monarch (a data preparation studio).

1. Prepare other analysis as directed by the CFO or VP Treasury.

1. Maintain knowledge of and comply with Bank Secrecy Act as related to this position.

1. Perform other duties assigned by management.

KNOWLEDGE, SKILLS AND ABILITIES

- Ability to read and write.

- Ability to count and deal with numbers and details effectively.

- Ability to deal effectively with people at all levels, orally, in writing, or by phone.

- Ability to effectively and efficiently communicate orally, in writing, and by phone.

- Ability to deal with members and employees effectively (friendliness, tact and diplomacy).

- Ability to analyze situations and make sound decisions.

- Ability to learn, apply and communicate knowledge of basic accounting principles.

- Ability to learn, apply and communicate knowledge of credit union products and services.

- Ability to input and retrieve data from computer.

- Ability to use a calculator.

- Ability to type accurately.

- Ability to use and learn office machines (i.e., copier, fax, terminals).

- Ability to analyze situations, sound decisions and resolves problems.

- Ability to complete tasks and serve other departments of the Credit Union.

TRAINING AND EXPERIENCE

Bachelor’s degree in accounting or finance required. One year of experience in a credit union or other financial institution required. Master’s in Accounting/Finance or MBA preferred.

Salary: DOE
FLSA Status: Non-Exempt
Reports to: VP Treasury