• Financial Analyst

    Posted: 10/02/2024

    Full Job Description

    You Belong Here

    People’s Credit Union is built on the belief that members and employees should feel a sense of belonging. Based on our Core Values, we created that feeling by design to offer you a genuine sense of community where you are supported personally and professionally.

    If you work here, you belong here.

     


    Your Values Align With Ours

    We hire employees whose core values match our own. We can train for competency, but if you’re also genuine, trustworthy, earnest, empathetic, and resourceful, we want you on our team.

     


    Your Voice Is Heard

    Here, hierarchy doesn’t drive impact - all voices are sought out, heard, and respected. We are listeners, then doers.

     


    Your Team Makes You Stronger

    Independent work is expected, but collaboration with compassionate accountability makes us all stronger. Working together, we all learn and grow.

     


    Your Future Is Bright

    We recognize that careers are not always straight lines. Professional development is a shared responsibility. We are committed to providing opportunities and resources to help you navigate your career paths and achieve your goals. Let's work together to foster growth and development in our organization.

     


    What we offer

    • Health and dental benefits through Blue Cross Blue Shield, plus vision benefits through VSP
    • 401(k) and Roth plan with a competitive employer match
    • Robust Wellness Program
    • Employee Recognition Program
    • Fun, food, and events

     


    Position Summary

    This position has need for strong analytical and data gathering skills with the ability to perform financial statement analysis and evaluate financial performance by comparing and analyzing actual results with budgets/forecasts. This position should be proficient with Microsoft products such as Excel and Word and have a strong fluency with excel formulas, pivot tables, etc. Will be expected to work fluidly with the accounting department as well as all other departments and branches across the organization to help them understand their financial performance and budget variances.

     


    Essential Responsibilities and Accountabilities:

    Financial Statement Preparation and Analysis

    • Involved in the preparation of month-end and quarter-end financial statements and closing the books. This includes an understanding of month-end accruals, reviewing the financial statements for missing entries, providing documented analytical feedback on monthly financial statement variances to budget and to prior periods, and ability to prepare and analyze the net interest margin.

    Asset Liability and Liquidity

    • Manages the Monthly ALCO reporting process, including preparation of materials, manages the daily liquidity position, monitoring trends and short-term forecasts. Assists in the preparation of the ALM model projection. Proficient in Liquidity 360 and Deposit 360, Darling Consulting Software.
    • Acts as liaison to external Darling Consulting Group, gathering and analyzing data that is used to develop and evaluate the organization’s asset/liability management (ALM) strategy. Reviews/analyzes the quarterly ALM package, researching any discrepancies.

    Preparation of Annual Budget

    • Assists the Head of Finance and Head of Finance & Risk with the annual budget. Manages the budgeting software.

    Report Submission Ownership

    • Involved in the management of monthly, quarterly, yearly and ad hoc report submissions to regulatory agencies and external vendors. This includes understanding the data and adjusting submissions as required by vendors.

    Financial Support for External Regulators & Auditors

    • Assists Head of Finance with internal and external auditors for quarterly internal audits and year-end financial statement audits and 990 tax filing. Also compiles accurate and complete financial and accounting information for external regulators and auditors.

    FDICIA Implementation and Ongoing Management

    • Supports Head of Finance on FDICIA implementation and ongoing annual testing of financial controls and ensuring controls that are in place are correct and there are properly documented and executed mitigating risks.

    Business Line Liaison for Budget Variances and Profitability

    • Works with business line owners on understanding budget variances each month by preparing financial reporting to provide to business line owners and meeting with them to discuss variances.
    • Works with business lines on product, branch and organizational profitability through relationship with Raddon.

    Other Accounting Functions

    • Performs a variety of general operational accounting duties as assigned.

     


    Key Behavioral Competencies

     


    Industry Knowledge

    Individuals who are effective at this competency understand the financial services and credit union industry. They actively seek out information related to the industry and maintain current knowledge of trends. They use the information to help with their initiatives at the organization.

     


    Organization and Planning

    Individuals effective at this competency manage their time wisely and can effectively prioritize work and competing goals and tasks. They have a strong understanding of the needs and can look ahead to determine timing and best approach. They are effective at running meetings efficiently, as well as projects.

     


    Problem Solving and Decision Making

    Individuals effective at this competency exhibit good judgment and sound logic. They are able to identify the problem at its core, determine solutions, and make decisions. They are able to identify the core issues by gathering relevant information and including the appropriate individuals and sources to highlight the issue as well as outline solutions. They are committed to solving the issue by making a decision based on the information and taking action.

     


    Strategic Thinking

    Individuals effective at this competency make decisions with the future in mind. They understand the factors that impact the strategy (the organization’s strengths, weaknesses, competition, core competence, purpose). They engage in a process of analyzing new ways to achieve goals for growth, differentiation, and alignment with purpose.

     


    Technology Savvy

    Individuals effective in this competency are able to use and implement new technology in order to make the organization more efficient. They value technology and understand how to use it as a tool to help further the competitiveness of the organization. They proactively investigate new technology and adopt when appropriate.

     


    Knowledge and Skills

    • Bachelor’s degree in business or five to ten years accounting experience in financial services industry.
    • Advanced reconciliation skills.
    • Proficient Microsoft Excel and Office product skills.
    • Excellent oral and written communication skills.
    • Strong analytical and financial analytical skills.

     


    ADA Requirements

    Physical Requirements

    • Able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs.
    • Must be capable of climbing / descending stairs in emergency situation.
    • Must be able to operate routine office equipment.
    • Must be able to routinely perform work on computer for an average of 6-8 hours per day.
    • Must be able to work additional hours whenever required or requested by management.

    Working Conditions

    • Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.

     


    An Equal Opportunity Employer: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or status as a protected veteran.

    Interested parties may apply here.

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