Description

About SCE Credit Union

SCE Credit Union is a dynamic and community-driven financial institution committed to providing exceptional services to our members. With a focus on innovation, collaboration, and continuous improvement, we strive to create a positive impact on the financial well-being of our members.

Position Overview

We are seeking a skilled and detail-oriented Financial Analyst to join our team. The Financial Analyst will play a crucial role in providing support and analysis in various financial areas, including rate of return, depreciation, working capital, acquisition opportunities, and major capital expansions. The successful candidate will utilize advanced analytical techniques, such as linear programming and spreadsheet modeling, to provide valuable insights to the management team.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Financial Forecasting, Reporting and Budgeting

• Systematically monitor and project cash requirements, cash availability, and funding requirements.

• Monitor loan funding projections and deposit flows. Review the pricing of the Credit Union's portfolio monthly or as needed.

• Prepare balance sheet and income projections and evaluations for management. Upload monthly financial data into PROFITstar and produce monthly Financial Reports.

• Assist in annual budgeting process and annual strategic planning activities.

• Update existing and create new financial models to support credit union objectives as needed. Contribute to the ALCO & Board reporting process.

Financial Management and Support

• Assist with monitoring and making changes in financial controls, policies, programs as necessary.

• Develop and recommend enhancements to improve operational processes and procedures.

• Analyze Big Data and deliver actionable insights via detailed Business Intelligence or infographic Reports.

• Perform other duties and/or ad hoc reports as assigned.

Asset Liability Management

• Serves as an Asset Liability Management specialist in running computer simulation models used in Asset/Liability Management (ALM).

• Documents and validates model assumptions inputs.

• Reviews and validates model results of income simulations and market value models to ensure outputs and analytics are reasonable.

• Supports ALM model results with back testing, sensitivity analysis and ongoing monitoring and documentation in accordance with model risk management guidelines to ensure accurate results.

SUPERVISORY RESPONSIBILITIES

This position has no supervisory responsibilities.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

• Bachelor's degree in Finance, Accounting, Business Administration, or related field

• 3-5 years of financial analysis experience, preferably within a financial institution

• High Proficiency in Microsoft Office Applications (Word, Excel, PowerPoint) especially complex formula/function development and utilizing PivotTables and other methods to manipulate large datasets

• Strong financial statement knowledge and understanding of the structure of a credit union's balance sheet and income statement

• Robust knowledge of financial operations of a credit union, including but not limited to, profitability, liquidity, credit risk, interest rate risk, ALM, loan and deposit pricing

• Experience with MS Access, Report Writers, GL Accounting Systems, Query Tools, Data Manipulation

• Experience in applying techniques used in analyzing and reporting financial information

• Knowledge of financial accounting and management techniques

• Experience & understanding of accounting principles (US GAAP)

Programming Skills

• The ability to do some minimal coding or understand what is necessary to use a system to improve processes with different technologies is an asset.

• Computer Languages most encountered are SQL and VBA.

Data Visualization & Analytical Skills

• Ability to handle/analyze big data from disparate sources accurately, thoroughly, and efficiently; organize data into simple, complete, and concise presentation formats with appropriate infographics via data visualization platforms like PowerBI and formulate a supportable conclusion

Other Skills and Abilities

• Ability to perform financial and economic analyses at a macro and micro level and effectively explain cause and effect

• Effective verbal/written communication skills to interact with all levels of Credit Union personnel

• Must be able to think through complex problems and develop solutions

• Perform job functions with limited supervision and work effectively either individually or as part of a team

• Read and carry out various instructions and follow oral instructions

• Speak clearly and deliver information in a logical and understandable sequence

• Deal calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization

• Perform responsibilities with composure under the stress of deadlines/requirements with extreme accuracy and quality

• Effectively handle multiple, simultaneous, and changing priorities or projects

• Exercise highest level of discretion on confidential matters

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• While performing the duties of this job, the employee is regularly required to sit; use hands and fingers to handle office equipment and documents; talk and hear.

• The employee is occasionally required to stand, walk, and reach with hands and arms.

• The employee must occasionally lift and/or move up to 10 pounds.

• Specific vision abilities required by this job include close vision and distance vision.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.