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Service Credit Union is seeking a full-time Sr. Financial Analyst II in the Finance and Treasury Department who will perform financial analytics across all areas of the credit union to help improve financial profitability and returns. The position will also monitor, advise, and report on the credit union’s liquidity position and interest rate risk. The position will support budget and forecast modeling and analyze current financial and liquidity trends and future opportunities with respect to return on investment. This position is also responsible for responding to ad hoc analytical requests, driving periodic forecast scenarios, publishing daily, monthly, and quarterly liquidity and risk monitoring reports.
Most importantly, the candidate must be of the highest moral and ethical character, with a strong work ethic, good attitude and must operate with a sense of urgency. This position will report to the Manager of Finance and Treasury.
Compensation: $101,540 - $126,925/yearly, depending on experience and qualifications. Junior level candidates typically start at the lower end of the range, with opportunities for growth as skill develop.
Benefits Include:
Great health and dental benefits starting day one!
PTO, long-term disability, and paid holidays.
401k with 8% company contribution after one year of employment.
Paid leave policy after 12 consecutive months of employment.
Free confidential mental health support program with Talkspace
Free identify theft protection through IdentityForce
Tuition reimbursement.
Training and career growth opportunities.
Position Responsibilities
- Monitor market conditions to alert and advise management on strategic options.
- Support the management of overnight cash position to ensure settlement accounts are funded and excess funds are held in the highest overnight rate accounts.
- Monitor collateral requirements at the Federal Home Loan Bank and Federal Reserve. Comply with reporting requirements. Adjust collateral when necessary.
- Review, analyze, and adjust product profitability reports. Leverage product profitability to create relationship profitability and help evaluate strategic decisions (e.g., new products, growth opportunities, purchase and sale of loans, acquisitions, etc.).
- Help develop branch profitability models that generate alternative views offering management multiple perspectives on alternative courses of action.
- Support the preparation of Asset Liability Management reports with third-party vendor (investment advisor). Participate in quarterly ALCO and Investment Committee meetings.
- Discern new business opportunities and effectively communicate potential outcomes for the institution.
- Support the preparation of materials for bi-weekly Pricing Committee meetings. Participate in Pricing Committee to answer questions and present some of the materials and research.
- Assist with annual budget preparation. Review and analyze trends in balance sheet components to create reasonable targets and forecasts.
- Maintain an understanding of Federal laws and regulations related to Credit Union’s financial activities.
- Support requests for data and information from external and internal auditors and examiners.
- Assist with updates of credit union ALM and Investment policies.
- Analyze balance sheet positions to anticipate funding requirements and optimize Net Interest Margin.
- Support the preparation of reports to leadership team and board of directors as needed to summarize credit union’s current and future financial position.
Other responsibilities:
- Develop a working relationship with the Lending and Member Service executives and staff to understand business drivers that underly the Credit Union’s product pricing and positioning.
- Maintain confidentiality regarding credit union policies and procedures, member financial data, personal information, and work-related events.
- Collaborate and maintain a professional relationship with peers, management, other staff, and members through cooperation, mutual trust and respect.
Required Knowledge and Skills:
- Proven communications and writing skills.
- Must be willing to travel and work extended hours including weekends, as position responsibilities require.
- Detailed knowledge of generally accepted accounting principles (GAAP) required.
- Knowledge of investment portfolio management, investment instruments, risk management including interest rate risk analysis, and asset/liability management also preferred.
- Proficient in Microsoft suite (Excel, Word, Office).
- Ability to manage data using Pivot tables and VLookups.
- Ability to write reports using SQL
- Experience with budgeting, forecasting, and reporting applications (Axiom preferred).
- Worked for Credit Union or Bank in an accounting/financial capacity for 5 years or more.
- Ability to travel to other work locations as required, if needed.
Education/Experience/Certifications:
Education: Four-year Business degree in Accounting/Finance or equivalent work experience is required. MBA or CFA a plus.
Experience: Five or more years of Credit Union or Banking experience in an accounting/financial capacity required.
At Service Credit Union we celebrate our employees' diverse backgrounds, ethnicities, gender identities, spiritual practices, abilities, and all the other traits that make us individuals. We follow the adage of treating others how we want to be treated while striving for understanding. Together, we create a unique credit union capable of serving our members needs with the same respect, empathy, and kindness we give each other.
Equal Opportunity Employer
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