Associate, Financial Analyst (Finance)

As a Financial Analyst, you will be responsible for analyzing and executing the day-to-day investment and wholesale funding portfolio activities, execute the annual budget process, provide analysis to management and coordinate both deposit and loan pricing committees. This position is responsible for researching and reporting financial data, analyze past financial performance to predict future performance and to advise the company on its financial strategy. Prepares analysis of current or proposed operations and provides timely and concise recommendations to improve results and performance.

Direct Reports: None

HOW YOU WILL MAKE AN IMPACT

-                   Analyze and interpret the liquidity of the Credit Union, identifying liquidity gaps and potential areas of risk. Optimize daily cash management, driving earnings. Update and maintain the Asset Liability Management modeling software. Analyze financial data and provide forecasting support by identifying trends and working with the product managers to forecast their production pipelines.  Perform analysis for liquidity risk, interest rate risk and net economic value within the Asset Liability Management Policy guidelines and the Contingency Funding Plan Policy established by the Asset Liability Committee. Assist in the coordination of the annual internal model assessments with third party vendors, ensuring accuracy of the data provided. Assists in the creation of formal ongoing model monitoring and model governance policies. Assists in the analysis and design of effective balance sheet hedging strategies.

-                   Analyze the current investment portfolio using Bloomberg. Execute with oversight of management the Credit Unions investment strategy within the investment policy guidelines established by the Asset Liability Committee considering liquidity needs, interest rate risks, and capital constraints.

-                   Analysis of loan and deposit product pricing and profitability. Identify market trends and conduct competitor analysis, assists in the formulation of recommendations to propose to management for discussion in loan and deposit pricing. Maintain loan pricing model/software to ensure accurate pricing output information. Complete reporting for committee meetings in coordination with the senior financial analyst or management to ensure reporting drives discussion and aids in making data driven decisions. Ensure product pricing is within the scope of the Credit Union's product pricing strategies.

-                   Assist with the preparation and on-going monitoring of the corporation's annual budget, coordinate the completion of the loan and deposit budget by working with the lending and deposit teams. Identify liquidity gaps and make recommendations based on budgeted balance sheet performance.

-                   Provide timely and accurate ad hoc analysis as requested by Executives and Senior Management. Coordinate with Senior Management to ensure that the financial analysis and impact of strategic recommendations are completed in conjunction with the Finance department. Conduct back testing on ad hoc analysis and models to drive improvement and fine tuning to analysis and assumptions.

-                   Must comply with all company policies and procedures, applicable laws, and regulations, including but not limited to, the Bank Secrecy Act, the USA PATRIOT Act, and the Office of Foreign Assets Control, in addition to all Interra policies.

 

WHAT YOU WILL NEED TO SUCCEED

Experience

5+ years' experience in finance analysis, accounting, or finance, preferably in the financial industry.

 

Education / Certifications / Licenses

This level of knowledge is acquired through completion of a required Bachelor's degree in Finance, Accounting, Business, Economics, or related field. Bloomberg Certification preferred. Must have and maintain a valid driver's license.

 

PREFERRED SKILLS

• Ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust.
• Ability to communicate effectively with staff at all levels.
• Intermediate proficiency in Microsoft Office (Outlook, Word, Excel, PowerPoint).
• Advanced knowledge of Credit Union regulations, products, policies, procedures, and services. Able to gather, understand and interpret data to draw conclusions and make quality decisions.
• Strong ability to manage multiple tasks and deadlines simultaneously.
• Advanced organization and prioritization skills.
• Ability to provide world class member service while executing Interra's vision, mission, and delivery of Core Values.

 

INTERPERSONAL SKILLS

• A significant level of trust and diplomacy is required to be an effective subject matter expert in the position.
• In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience.
• Communications can involve motivating, influencing, educating and/or advising others on matters of significance.

 

COMPETENCIES

Decision Making - Makes sound decisions in a timely manner using critical thinking, problem solving, insights, and experience. Demonstrates sound judgment that proves to be accurate and correct over time.

Effective Communication - Utilizes a variety of communication modalities effectively and appropriately across multiple channels. Is effective in a variety of communication settings: one-on-one, small, and large groups, or among diverse styles and position levels. Adjusts to fit the message to the audience. Provides timely and helpful information to others across the organization.

Functional Expertise - Possesses a sufficient level of technical and professional skill or knowledge in position-related areas; keeps up with current developments and trends in areas of expertise; actively seeks ways to grow and be challenged using both formal and informal development activities.

Integrity & Trust - Is widely trusted; is seen as a direct, truthful individual; has credibility within their areas of expertise; keeps confidences; doesn't misrepresent themselves for personal gain.

Self-Motivated - Demonstrates initiative to address challenges, accomplish tasks, and seize opportunities, even when challenged. Demonstrates appropriate urgency and positive attitude while doing so.

Teamwork - Effective team player who adds complementary skills and contributes valuable ideas, opinions and feedback; communicates in an open and candid

manner and can be counted upon to fulfill any commitments made to others on the team.

 

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 an emergency situation.
• Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators.
• Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary.
• Must be able to work extended hours or travel off site whenever required or requested by management.
• Must be capable of regular, reliable, and timely attendance.

 

Working Conditions

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

 

Mental and/or Emotional Requirements

• Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team.
• Must be able to read and carry out various written instructions and follow oral instructions.
• Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics.
• Must be able to speak clearly and deliver information in a logical and understandable sequence.
• Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public.
• Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace.
• Must be able to effectively handle multiple, simultaneous, and changing priorities.
• Must be capable of exercising highest level of discretion on both internal and external confidential matters.

 

ACKNOWLEDGEMENT

Nothing in the position description restricts management's right to assign or reassign duties and responsibilities to this job at any time.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This Job description is not a contract and should not be constructed as a guarantee of employment for any period of time.  Interra Credit Union is an Equal Opportunity Employer and does not discriminate against employees or applicants based on race color, religion, sex/gender, national origin, disability, age, or any other category protected by law.

Why JoinIN

• Culture: We believe that a positive work environment is key to success. Staying engaged, informed, and keeping it fun, is how we achieve this.
• Professional Growth: Our Learning and Development Team not only provide day 1 training but continuous improvement and career development for all levels.
• Competitive Salary: Attractive compensation package with performance-based incentives and bonuses.
• Benefits: Comprehensive health insurance, 401(k) matching, tuition reimbursement, company holidays, and generous PTO.
• Community Involvement: Being an active member in communities that we are a part of is important to us. We live here, work here and stay involved here!
• Visit our Opportunities page for more information.

 

For more information about the role or the application process, please reach out to Ali Barden, AVP Talent Acquisition and Retention Lead at alib@interacu.com or 574-534-2506 ext. 7448

Finance