Who We Are
First Fed is a local community bank on an exciting growth trajectory with 17 locations including 12 full-service branches in Western Washington. First Fed was recognized by the Puget Sound Business Journal as a Best Workplace and a Top Corporate Philanthropist. By popular vote, First Fed received awards for Best Bank in The Best of the Northwest, Best Banker in Readers’ Choice by Cascadia Daily News, and Peninsula Daily News named us Best Bank on the Olympic Peninsula. We also received a Best-In-State bank award from Forbes.
For over 100 years First Fed has served our customers and communities throughout the PNW. We’ve donated over $9 million to non-profit organizations in the past 8 years through our foundations, sponsorships, direct donations, and matched employee donations. Our amazing team has volunteered over 25,000 hours in the past 5 years – many by using our benefit of 3 paid volunteer days per year!
We welcome applicants from all backgrounds – our diversity makes us stronger. Join our award-winning team!
Our Values
Optimism: We are positive and decisive. We believe the future will be better than the past. Our attitude demonstrates persistence which leads to success.
Initiative: We are self-starters and find innovative solutions. We are courageous, entrepreneurial, and passionate. We take action for good.
Respect: We include individuals from diverse backgrounds and with different perspectives. We are committed to honoring and serving others.
Growth: We learn and adapt so we can continually improve. We believe in personal growth through grit and determination.
Ownership: We are invested in our endeavors. We are accountable and take responsibility for our actions and decisions.
Position Purpose
The Senior Financial Analyst will play a critical role in supporting the bank’s Financial Planning & Analysis (FP&A) function, investment analysis, and financial modeling activities. This individual will provide key inputs for Asset Liability Management (ALM) and contribute to supporting the accounting and finance function at a $2 billion community bank. The position offers a unique opportunity to partner closely with senior leadership and drive impactful financial initiatives.
Essential Functions
- Support FP&A processes, including budgeting, forecasting, variance analysis, and management reporting.
- Conduct thorough investment pre-purchase analysis to evaluate opportunities and risks across portfolios and new initiatives.
- Develop, maintain, and enhance complex financial models to support business planning, scenario analysis, and capital allocation decisions.
- Collaborate with teams to provide accurate inputs for asset liability strategies and balance sheet optimization.
- Prepare sources and uses reporting on a regular basis (every 2 weeks or as directed).
- Assist with ALCO and pricing committee research and meeting materials.
- Assist in annual budgeting process and monthly forecast processes.
- Assist with ALCO and ALM reporting, including inputs and assumptions
- Assist with external investor presentations
- Prepare presentations and reports for executive management, Board committees, and regulatory bodies.
- Monitor financial performance trends and recommend actionable insights for improving profitability and risk management.
- Support senior and executive management reporting and ad hoc reporting.
- Perform related duties and responsibilities as required.
Qualifications & Requirements
- Bachelor’s degree in Finance, Accounting, Economics, or a related field required; Master’s degree or MBA preferred.
- Professional certification (e.g., CFA, CPA) strongly preferred.
- Minimum 6+ years of progressive experience in financial analysis, preferably in banking or financial services.
- Demonstrated expertise in FP&A, investment analysis, and financial modeling.
- Experience with asset liability management concepts and practices is highly desirable.
- Exceptional analytical and quantitative skills, with the ability to interpret complex financial data.
- Strong proficiency in Microsoft Excel, PowerPoint, and financial modeling software; familiarity with banking systems and reporting tools.
- Excellent verbal and written communication skills, with the ability to present findings clearly to diverse audiences.
- Attention to detail, organizational skills, and the ability to manage multiple priorities in a fast-paced environment.
- Collaborative mindset and proven ability to work effectively across departments.
Physical Requirements
The work requires the ability to operate office machines and equipment, such as personal computers, printers, copying machines and telephones. The work requires the ability to communicate clearly with customers, coworkers, and others in person and on telephones. Work activities involve combinations of sitting/standing for extended periods.
Pay Range
- The pay range for this position is $87,151.75 - $148,157.98
- The typical hiring range for this position is $87,151.75 - $100,006.63
- The incentive plan for this position is the Partnership Incentive plan. It is paid out quarterly with a 5% target payout.
- Employees will be eligible for our benefits package including medical, dental, and vision insurance, paid time off, retirement plans (401k with company match and Employee Stock Ownership Plan), gym membership reimbursement, discounts on our banking products, and more! Additional information on our benefits package can be viewed at https://www.ourfirstfed.com/careers
As a community Bank, we know the power in bringing people together from all walks of life. Our communities are beautiful and strong because of their diversity, and it’s important to us that all of our locations reflect the unique diversity of the places we live and work. We are passionate about hiring the very best talent and welcome applicants from all backgrounds.Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran
First Fed invites all qualified interested applicants to apply for our career opportunities. If you are a person with a disability and need a reasonable accommodation to use our online job search or application tools, please email Human Resources via [email protected] or call 360-417-3182. Note: This contact information is reserved solely for job seekers requesting accessibility assistance or accommodation in the application process. Messages left for other purposes may not receive a response.
We are required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
