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Form of workMonday - Friday 8:00 am - 5:00 pm.
Summary/Objective:
The Senior Financial Analyst will be responsible for supporting the credit union's cash flow, liquidity, and investments processes. The successful candidate will be expected to produce accurate and timely reports, lead and develop funding and hedging strategies, and create and maintain financial models to support the credit union's treasury activities.
The Senior Financial Analyst will also be responsible for supporting liquidity management, off-balance sheet exposure monitoring, stress testing analysis, and other risk surveillance analysis. They will exercise credit union policies, procedures, and controls to the accounting/finance department and demonstrate innovation in collaborating with other departments to develop effective financial data and reports from various systems.
Essential Functions:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Job Competencies:
Education and Experience Requirements:
Additional Eligibility Requirements:
Supervisory Responsibility:
Manages a team of 2 to 3 Financial Analysts
Work Environment:
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopier/scanner, filing cabinets, and fax machines. The hours and days of work are established as needed by operations and at the direction of management and, while generally as shown below, may be changed (increased or decreased) by management as required. Hours of Work: Generally 8:00 - 5:00 PM as scheduled by management with 1 HR. LUNCH. Overtime may be scheduled as needed and directed by management. Days of Work: Normally - MONDAY - FRIDAY as scheduled by management and SATURDAY, SUNDAY & HOLIDAYS if needed by operations and approved by management.
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. This is a largely sedentary role. While performing the duties of this job, the employee is regularly required to stand, talk, hear, and use hands and fingers to handle, feel or operate objects, tools or controls and to reach with hands and arms.
Travel:
Periodically attend seminars and conferences.
Service Excellence: The DCU Way:
All employees are expected to provide service excellence the "DCU Way" through teamwork and by providing quality service to internal and external members, incorporating the Guiding Principles of DCU's culture:
Bank Secrecy Act (BSA):
All Credit Union employees are required to complete all BSA related training annually and maintain knowledge of current BSA policies, specifically those related to functions performed within the department and identify and report possible suspicious activity.
We are proud to be a Equal Opportunity Employer/ Protected Veterans/Individuals with Disabilities.
#INDHI
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Summary/Objective:
The Senior Financial Analyst will be responsible for supporting the credit union's cash flow, liquidity, and investments processes. The successful candidate will be expected to produce accurate and timely reports, lead and develop funding and hedging strategies, and create and maintain financial models to support the credit union's treasury activities.
The Senior Financial Analyst will also be responsible for supporting liquidity management, off-balance sheet exposure monitoring, stress testing analysis, and other risk surveillance analysis. They will exercise credit union policies, procedures, and controls to the accounting/finance department and demonstrate innovation in collaborating with other departments to develop effective financial data and reports from various systems.
Essential Functions:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Responsible for managing the credit union's cash flow, which includes forecasting future cash requirements, and making recommendations for the optimal use of cash.
- Responsible for ensuring the credit union has sufficient liquidity to meet its obligations, by monitoring the credit union's liquidity position, analyzing the liquidity risks, and developing strategies to mitigate those risks.
- Responsible for managing the credit union's investments, including evaluating investment opportunities, monitoring investment performance, and making recommendations to optimize the investment portfolio.
- Produce accurate and timely reports on the credit union's treasury activities, including cash flows, liquidity positions, investment portfolios, and financial risk exposures.
- Work closely with the ALM team, Risk Management, and other key stakeholders to align Treasury activities with overall credit union strategies.
- Lead and develop funding and hedging strategies for the credit union, including the identification and implementation of appropriate financial instruments and techniques to manage risk and optimize the credit union's liquidity and funding position.
- Expected to create and maintain financial models to support the bank's treasury activities, such as cash flow forecasting, investment analysis, and risk management.
- Support liquidity management, off-balance sheet exposure monitoring, stress testing analysis and other risk surveillance analysis
- Exercises credit union policies, procedures, and controls to the accounting/finance department
- Demonstrate innovation in collaborating with other departments to develop effective financial data and reports from various systems.
- Ability to perform research on current and new accounting and/or finance related issues.
- Supports the supervision of the accounting staff.
- Serves as a primary resource for other areas of the credit union to explain to them accounting/finance transactions, reporting requirements and/or any accounting/finance discrepancies.
- Assists in the coordination and preparation of third-party audit and review materials.
- Leads the implementation in accounting/finance changes (for systems and reporting) as well as the implementation of new accounting standards and policies.
- Performs ad hoc projects and analyses for credit union management
- Manages and is responsible for the professional development of Financial Analysts
- Completes all required Bank Secrecy Act related training annually and maintain knowledge of current BSA policies, specifically those related to cash handling (CTR filing) and identifying and reporting possible suspicious activity
- Perform other job-related duties as assigned by Managers(s).
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Job Competencies:
- Understanding of fixed income products and sectors, including mortgage-backed securities, commercial mortgage backed securities, corporate bonds, and agency securities
- Knowledge and bond math and market risk concepts (duration, convexity, optionality etc.)
- Strong attention to detail and time management skills
- Knowledge of ad-hoc financial reporting tools
- Strong verbal and written communication skills
- Strong interpersonal, supervisory and customer service skills required.
- Ability to multi-task, work under pressure, meet deadlines and be able to thrive in a fast-paced work environment.
Education and Experience Requirements:
- Bachelor's degree in accounting/finance or related work experience.
- Minimum 4 years financial analyses and 2 years of supervisory experience.
- Experience with Bloomberg Professional
- Proficient with Microsoft applications
- CFA or progress towards this designation is strongly preferred/supported.
Additional Eligibility Requirements:
- Proficiency in the use of software applications, databases and spreadsheets
Supervisory Responsibility:
Manages a team of 2 to 3 Financial Analysts
Work Environment:
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopier/scanner, filing cabinets, and fax machines. The hours and days of work are established as needed by operations and at the direction of management and, while generally as shown below, may be changed (increased or decreased) by management as required. Hours of Work: Generally 8:00 - 5:00 PM as scheduled by management with 1 HR. LUNCH. Overtime may be scheduled as needed and directed by management. Days of Work: Normally - MONDAY - FRIDAY as scheduled by management and SATURDAY, SUNDAY & HOLIDAYS if needed by operations and approved by management.
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. This is a largely sedentary role. While performing the duties of this job, the employee is regularly required to stand, talk, hear, and use hands and fingers to handle, feel or operate objects, tools or controls and to reach with hands and arms.
Travel:
Periodically attend seminars and conferences.
Service Excellence: The DCU Way:
All employees are expected to provide service excellence the "DCU Way" through teamwork and by providing quality service to internal and external members, incorporating the Guiding Principles of DCU's culture:
- People come first
- Do the right thing
- Make a difference
Bank Secrecy Act (BSA):
All Credit Union employees are required to complete all BSA related training annually and maintain knowledge of current BSA policies, specifically those related to functions performed within the department and identify and report possible suspicious activity.
We are proud to be a Equal Opportunity Employer/ Protected Veterans/Individuals with Disabilities.
#INDHI
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
