Downey, CA, USA
Pay Range
$100,154.00 - $150,231.00 Annual
Position Type
Full Time
Job Description
PURPOSE OF JOB:
The Senior Financial Analyst prepares, analyzes and projects all aspects of the Credit Union's financial performance and prepares special financial studies to assist senior management with meeting strategic performance goals. Assists in managing the budget process, secondary marketing, as well as providing regulatory reporting support and reporting on a variety of financial metrics and trends.
This position requires advanced knowledge of financial analysis and planning. Must be familiar with a variety of Financial Institution financial concepts, practices and procedures, including Balance Sheet Risk Management (interest rate risk, duration risk, credit risk), Profitability and Funds Transfer Pricing, Loan Analytics, Budgeting and Forecasting, and Asset Liability Management. A wide degree of creativity and latitude is expected. Relies on experience and judgment to plan and accomplish goals.
ESSENTIAL RESPONSIBILITIES:
Supports numerous databases including Profitstar, Budget Manager, Tableau, and Visible Equity.
Prepares weekly ALCO reports and actively participates in weekly ALCO meetings.
Actively participates in the budget and forecast process, and performs analysis on and documentation of budget variances.
Performs quarterly and ad hoc ALM analysis, including process support, vendor output review, and drafting of internal memos to ALCO and the Finance Committee.
Prepares monthly and quarterly liquidity reports, including oversight of external liquidity stress testing.
Secondary marketing and loan sales, including pipeline hedge information and reporting, and execution analysis.
Takes ownership of profitability analysis for Product, Branch, and Member profitability, including vendor oversight and reporting.
Prepares pricing models for consumer, mortgage, and business lending for ALCO review and approval.
Takes ownership of Loan Analytics, including quarterly and ad hoc reporting, and vendor oversight.
Prepares detailed financial analysis in support of product and department recommendations.
Performs a significant amount of ad hoc analysis and reporting not necessarily outlined in the above.
EDUCATION and/or EXPERIENCE:
Graduation from an accredited college or university with major course works in Finance, or closely related field and/or an equivalent combination of education and experience. Six years' relevant finance experience at a senior level preferred.
Credit Union or Financial Institution experience strongly preferred.
Demonstrated ability to apply broad concepts to highly technical Financial applications.
Ability to develop highly dynamic PC-based financial models.
Strong working knowledge of ProfitStar and Budget Manager.
Demonstrated understanding of Asset Liability Management modeling and its implications both from a compliance and product development standpoint.
Demonstrated project management skills, including the ability to lead multi-departmental project teams.
Excellent oral and written communication and presentation skills.
Ability to draw "big-picture" trends and meaningful conclusions from an immense array of detailed data.
Ability to successfully interact with, and elicit cooperation from a diverse array of departments and functional areas.
High degree of PC literacy, including spreadsheet and database applications.
Excellent analytical and problem-solving skills.
Must be curious and self-motivated.
Must have the ability to multi-task and juggle a variety of tasks including those that are routine and those that are ad-hoc or time sensitive. Be able to determine relative priorities.
Thorough understanding of accounting fundamentals, budgeting and financial analysis, and financial reporting as demonstrated by appropriate degree and/or experience.
The pay range for this position is listed above. Our pay ranges are designed to allow for candidates with various levels of experience and skill to be considered, and to allow room for growth to be achieved in a role over time. Generally, new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their individual combination of experience, knowledge, skills, and education as well as internal equity.
Financial Partners Credit Union is an equal opportunity employer and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.