What are the responsibilities and job description for the Finance Analyst position at Generations Federal Credit Union?
Description
Summary
Performs specialized financial, accounting and planning activities following departmental procedures and guidelines. Assists in the preparation of reports; analyses; and recommendations in areas such as budgets, forecasts, financial plans, statistical reports and business forecasts. Monitors and analyzes the financial statements of the credit union by specifically measuring, analyzing, and communicating the costs and benefits of products, services, departments, and branches. Thoroughly analyzes and clearly communicates levels of exposure to interest rate risk. Assists other departmental managers with financial analysis with product development, initiatives and/or enhancements.
Primary Duties
Education
Must have a bachelor’s degree in Finance, Accounting or other related analytical fields of study.
Experience
Must have a minimum of two (2) years’ experience in a similar position or credit union Accounting.
Skills
Must be able to:
Summary
Performs specialized financial, accounting and planning activities following departmental procedures and guidelines. Assists in the preparation of reports; analyses; and recommendations in areas such as budgets, forecasts, financial plans, statistical reports and business forecasts. Monitors and analyzes the financial statements of the credit union by specifically measuring, analyzing, and communicating the costs and benefits of products, services, departments, and branches. Thoroughly analyzes and clearly communicates levels of exposure to interest rate risk. Assists other departmental managers with financial analysis with product development, initiatives and/or enhancements.
Primary Duties
- Participates and supports the analytical needs of the credit union in the development of strategic plans, the annual budgeting process, stress testing, and other complex financial analysis.
- Develops regular and ad-hoc studies and analyses that focus management’s attention on the most significant elements of balance sheet structure, funding considerations, income forecasts, and earnings at risk.
- Develops the formulation of analyses that evaluate the impact to the financial condition of the credit union from changes to policies, processes, regulatory guidance, the introduction of new products on earnings/risk, and the impact from mergers and asset acquisitions/disposition strategies.
- Monitors and forecasts key balance sheet, NII, NIM, ROA and capital metrics on a pro-forma basis, including risk-based capital, liquidity, and other regulatory measurements as required in carrying out assigned duties.
- Enhances existing and builds new processes and reporting as it relates to balance sheet, risk-based capital and liquidity metrics; participates in the integration of capital and liquidity stress testing processes/models into the credit union’s asset/liability and income forecasting balance sheet models as needed.
- Prepares and/or assembles reports required to be provided to the ALCO Committee under the Asset/Liability Policy and as requested by management. Maintains file of all ALCO reports and ALM reports for audit.
- Performs other duties as assigned.
Education
Must have a bachelor’s degree in Finance, Accounting or other related analytical fields of study.
Experience
Must have a minimum of two (2) years’ experience in a similar position or credit union Accounting.
Skills
- Must Excellent communication and interpersonal skills (both oral and written)
- Demonstrate experience in financial and accounting theory, principles and/or practices, preferred.
- Previous asset-liability management experience, or a strong desire to be involved with asset-liability management is required.
- Advanced proficiency with Microsoft Excel.
- Strong quantitative analysis and presentation skills.
Must be able to:
- Ability to maintain a flexible schedule.
- Stand or sit for long periods of time.
- Lift 10-20 lbs.