13 Senior Financial Analyst Jobs in Lowell, MA
Enterprise Bank is Hiring a Senior Financial Analyst Near Lowell, MA
DescriptionWe are Hiring!Financial Analyst II – Lowell, MAEnterprise Bank, is a growing and successful commercial bank where your talents will be recognized. Consistently being recognized both nationally and locally as a “Top Place to Work”, Enterprise Bank team members are as important to us as our core values. Join our dynamic team and experience a unique workplace culture where success is shared, and diversity is celebrated. What You’ll Do: The Senior Financial Analyst exhibits strong working knowledge over the primary areas of Finance, including Asset-Liability Management (ALM), Fixed Income Securities, Liquidity, Budgeting, and Profitability to support senior management decision making, and is able to exercise judgment and work independently to complete a first draft or review of all required reporting over these areas. This position works closely with our budgeting software to create and maintain templates and workflows and to lead training sessions for the cost center managers. Additionally, the Senior Financial Analyst is responsible for maintaining, updating, and validating the Asset Liability simulation model including inputs, assumption validation, analysis, and reporting. This individual also provides support for the Bank’s investment portfolio and prepares the revenue center profitability report and cover memo to the board of directors highlighting key changes in profitability.
Essential Functions & ResponsibilitiesAsset-Liability/Liquidity ManagementWorks With The Senior Finance Manager To
- Build the Board of Directors ALM presentation and appendix material package, ensuring that all required analysis, procedures, and documentation are completed on the required schedule basis
- Maintain, update, and perform analyses and reporting on the Asset Liability simulation model including: data compilation, assumption validation, quarterly net interest income scenario comparisons, identification of variances, potential issues/preparing detailed written explanations, and performing back-testing procedures
- Complete first review of Asset Liability simulation model results as prepared by the Financial Analyst II or I.
- Prepare and perform analysis and reporting or completes a first review of the quarterly Economic Value of Equity (“EVE”) results
- Presents portions of the ALM Group Presentation for ALM Group (Management ALCO) meetings
- Prepare the quarterly ALM Presentation including areas such as liquidity, capital adequacy, interest rate sensitivity, balance sheet position, strategy updates and fixed income investment portfolio strategy and performance update
- Update or complete a first review of the Bank’s Liquidity Contingency Early Warning System
- Produce various cash flow analyses and forecasts
- Responsible for ensuring ALM procedures are written and updated regularly
- Participate in the investment portfolio management process, attends strategy meetings and documents recommended strategies
- Perform analysis for potential security purchases and sales such as:
- Total return analysis
- Reviewing cash flow projections
- Break-even analysis
- Pro-forma portfolio allocations
- Monitor Agency, MBS and CMO sectors and analyzes new opportunities for the portfolio
- Utilize Bloomberg to prepare pre and post purchase investment analysis
- Perform or review investment pricing reasonableness tests
- Perform or review reasonableness tests for amortization of CMO/MBS Premiums/Discounts
- Prepare or review investment transaction report for ALM Presentation
- Prepare monthly interest rate swap and Risk Participation Agreement (RPA) reconciliation and review
- Monitor derivative collateral position and work with counterparty banks on collateral transfers, as required
- Create Vena templates and workflows related to the budgeting process and ALM
- Maintain and improve existing Vena templates related to the budgeting process and ALM
- Prepare or complete first review of the Net Interest Margin Budget
- Prepare revenue center profitability analysis and reporting.
- Liaison for cost center budget managers, working with them to ensure proper completion of their annual budget and quarterly budget versus actual analysis
- Use judgement and decision making to provide budgeting and reporting process support including: analyzing bank-wide trends, evaluating or reviewing assumptions, reporting on budget versus actual results, and preparing management reports
- Complete or review the quarterly correspondent bank review
- Assist the Senior Finance Manager with projects, as needed
- Perform all duties consistent with applicable Federal and State laws and regulations as well as Bank policies
- Perform other related duties as assigned
- Exceed customer expectations by following the guidelines outlined in the Customer Experience Program
If you don’t meet all the requirements, apply anyway! Our recruiting team considers your entire professional journey. Enterprise team members are made up of more than just their previous titles. Our DEIB Value Statement: At Enterprise Bank, people and relationships come first. We encourage and foster a culture of diversity, equity, inclusion, and belonging where everyone feels valued and respected. We are committed to a caring workplace that recognizes the importance of making a meaningful, positive difference in the lives of our team members, customers, and communities. Please click here to view our Inclusion website for more information and to learn more of our story and Core Values.
Benefits: We encourage every team member at Enterprise to lead a healthy and balanced life. We offer generous paid time-off programs, exceptional Tuition Assistance, College Loan Repayment, Wellness programs, Employee Resource Groups, opportunities to assist in your community as well as health, dental and life insurance coverage and a generous 401(k) match.
Enterprise Bank is an equal opportunity employer and makes employment without regard to race, color, religion, gender, sexual orientation, age, national origin, ancestry, genetic information, gender identity, disability, marital status, active or veteran military status, retaliation, or any other protected status. EOE M/F/Disabled/Vet.
Job Summary
Full Time
Banking
$88k-107k (estimate)
05/24/2024
07/11/2024
enterprisebanking.com
TEWKSBURY, MA
200 - 500
1988
Public
TRACY CLEMENT
$50M - $200M
Banking
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About Enterprise Bank
Enterprise Bank is a financial institution that provides deposits, loans, mortgages and mobile banking services for businesses and individuals.
The job skills required for Senior Financial Analyst include Analysis, Accounting, Budgeting, Presentation, Financial Reporting, Economics, etc. Having related job skills and expertise will give you an advantage when applying to be a Senior Financial Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Senior Financial Analyst. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Senior Financial Analyst positions, which can be used as a reference in future career path planning. As a Senior Financial Analyst, it can be promoted into senior positions as a Financial Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Senior Financial Analyst. You can explore the career advancement for a Senior Financial Analyst below and select your interested title to get hiring information.
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