Senior Financial Analyst

Treasury/Finance Department - San Jose

Position Summary

We are currently seeking a Senior Financial Analyst to join our finance team. In this role, the Senior Financial Analyst will be responsible for financial reporting and analysis, maintaining routine finance and treasury functions, and assisting with ALM modeling and product profitability. The Senior Financial Analyst will also provide support for forecast projections and liquidity management. Additionally, the Senior Financial Analyst will continue to seek for ways to improve the efficiency and effectiveness of the financial reporting process.

Essential Duties and Responsibilities

Treasury & ALM Duties: 

• Perform ALM modeling including monthly data compilation and uploading data to Profitstar ALM model while performing reconciliation and validation to ensure data integrity. 
• Perform quarterly ALM simulation and provide variance analysis and insight to prepare executive summary and reports presented to ALCO.
• Perform and assist with the ALM Modeling of the balance sheet strategy.
• Evaluate the impact of the strategies on the Net Interest Income and important Financial ratios. 

Budgeting: 

• Play an active role in organizing and compiling the annual budget.
• Collaborate with relevant department managers related to Operating Expenses and Fee Income.
• Prepare corresponding budget reports,
• Analyze budget reports and identify any significant changes year over year.
• Make recommendations for improvements to budgeting process to increase accuracy and efficiency. 

Financial Reporting and Other Finance Duties: 

• Contribute to the delivery of internal reporting including the Board & ALCO Reports
• Serve as a backup when needed for other members of the team to provide timely delivery of routine financial reporting.
• Independently work on Ad Hoc Reporting and participate in Organization or Departmental Projects as needed.

Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Please note: this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties responsibilities and activities may change at any time with or without notice.

Minimum Qualifications

• Five to eight years of similar or related experience, including preparatory experience.
• A bachelor's degree is required; concentration in accounting or finance is preferred.
• Knowledge of accounting principles, characteristics of financial assets and liabilities, and basic investment, ALM and Statistical analysis
• Intermediate to advance level of knowledge with Microsoft Office (Excel Access & PowerPoint), and data manipulation. 
• Financial services industry experience a plus. must be team oriented, quick learner with great analytical and communications skills.
• Must be PC literate and have the ability to work with efficiently with peripheral equipment.

Do you want to be valued as an employee?  

Employees are Meriwest’s most valuable resource. We provide competitive wages and a supportive environment that promotes career advancement. Meriwest utilizes a grading system to determine salary ranges for all positions. Each grade is assigned a salary range which consists of a minimum, midpoint, and maximum rate. The Senior Financial Analyst position is a Grade 12. 

• Salary Range: $98,399.39 to $147,599.09
• Target Range: $98,399.39 to $122,999.24*

*The target range for entry in a new position is between the minimum and midpoint of the range, depending on experience and qualifications.

We also offer an excellent, fully comprehensive benefits program, including:

• Medical/Dental/Vision on the first day of employment for full-time employees
• Free Long Term Care Insurance for employees
• Tuition Reimbursement/Student Loan Repayment Plan
• Pension Plan/401K
• Bonus and incentive potential
• Generous Paid Time Off (PTO)/Holiday program
• Career growth support and planning programs
• In-house fitness center
• Discounts on new Mortgage after 6 months of employment

Meriwest is an equal opportunity employer that is committed to inclusion and diversity. All qualified applicants will receive consideration for employment. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetic information, political views or activity, or other applicable legally protected characteristics.