Classification: Exempt
Benefit Highlights:
- Competitive compensation!
- Medical, Dental, and Vision Insurance!
- 401K with up to 4% company match!
- Holiday Pay starting at day 1!
- Paid Vacation Time!
- Medical Benefits starting at your 31st day of employment!
- Pension Plan!
- Hybrid Position: minimum 20% in-office time!
Summary:
Essential Functions:
- Asset Liability Management and Liquidity Management:
- In coordination with the credit union’s ALM Consultant, conduct ALM Modeling tasks, including updating the model quarterly, reconciliation, back testing, scenario modeling, sensitivity testing, documentation, training, and analysis.
- Review policies, procedures, and risk limits used for managing interest rate, liquidity, and concentration risk.
- Prepare liquidity management reporting, cash flow modeling, back testing, and stress testing.
- Responsible for the review and validation of models of assumptions used in Asset/Liability Management including liquidity, interest rate risk management, and product pricing decisions.
- Development and documentation of model assumptions, review and validation of model results, production of ALM reports and presentation of results to management. Maintain Assets/ Liabilities model documentation for both internal and external reviews.
- Financial Analysis and Profitability:
- Generate and analyze diverse financial reports, using historical and forecasted data.
- Prepare ROI (Return on Investment) analysis and profitability analysis for various committees, departments and purposes.
- Prepare proforma analysis, product performance analysis, branch/department profitability analysis and other financial analysis needed for risk management and business decisions.
- Budgeting, Forecasting, and Financial Management:
- Assist with the annual budgeting process and ongoing rolling forecast modeling, reporting and data entry/collection.
- Prepare rolling forecast and projection/forecasting models and scenarios.
- Support the organization with knowledge, training and education relative to financial management.
- Develop and maintain accurate financial forecasting models, incorporating risk assessment methodologies.
- Provide insights into potential financial risks and assist in implementing risk mitigation strategies.
- Operational Support and Process Enhancement:
- Collaborate with departments for data analysis, performance assessment, and decision support.
- Identify and recommend process improvements to drive operational efficiency.
- Ensure consistency and accuracy of financial modeling and analysis prepared by other areas.
- Complete analysis for operational efficiency such as branch profitability, merger analysis, department profitability, and outsourcing options, resulting in recommendations to be considered by management.
- Abides by Belco’s policies, procedures, standards, regulatory and compliance mandates.
- Embodies Belco’s mission, vision, core values, and Belco life brand.
- Lives the Behavioral Expectations.
- Any other duties as assigned by the SVP of Finance.
Competencies:
- Functional Skills: Job Skills, Dependability, Industry Knowledge
- Operating Skills: Quality Of Work, Communication, Time Management
- Relationship Skills: Relationship Building/Network, Teamwork
- Behavioral Expectations
Physical Demands:
Travel:
Minimum Required Education and Experience:
Preferred Education and Experience:
Disclaimer:
We are an Equal Employment Opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, gender identity, sexual preference/orientation, age, disability, marital status, pregnancy, veteran status, or other legally protected bases. Belco’s Diversity and Inclusion initiatives provide all employees with equal access to training and advancement opportunities throughout the organization.
Belco will provide reasonable accommodation to applicants and employees with disabilities where appropriate throughout the application and employment process. Determinations on requests for reasonable accommodation related to any job function will be made on a case-by-case basis. A reasonable accommodation is any change to a job, the work environment, or the way things are usually done that enables an individual with a disability to apply for a job, perform job duties or receive equal access to job benefits.