What are the responsibilities and job description for the Financial Analyst position at Kitsap Credit Union?
About Us
Kitsap Credit Union is a not-for-profit, member-owned financial cooperative with more than 300 employees and 14 branches throughout Western Washington. We have a passion for making a positive difference. As a $2 billion-asset credit union, we are deeply committed to our members' financial wellbeing and the prosperity and quality of life in the communities we serve. We are proud to be led by individuals with the experience and skills to drive our organization towards our goals for strategic growth and operational excellence. Our KCU Cares Foundation program focuses on providing resources and support for those struggling with homelessness or hunger and improving the financial well-being of the people in our communities. And beyond monetary efforts, we have provided thousands of hours in staff volunteerism and in-kind support.
At Kitsap Credit Union, our success is built on trust-based relationships and personalized service. We understand our employees are key to our success. They provide the personalized service to our members and contribute to the communities where we live. We are committed to providing a supportive, mission-driven, and inclusive culture where employees can grow their careers. To learn more, visit [kitsapcu.org](https://kitsapcu.org/){target="_blank" rel="noopener"}.
About The Role
Kitsap Credit Union is searching for a Financial Analyst. This position is responsible for providing financial analyses and data support to Management, Asset Liability Committee (ALCO), and the Board of Directors, as well as the individual business units. This role is also responsible for Asset Liability Management modeling and assumptions.
Quick Facts
Reports to: VP, Finance
Employment Type: Exempt, Hybrid, Salaried, Full-time
Salary Range: $81,170.08 - $94,332.24 depending on experience
Bonus Target: 8% potential incentive of base pay
Grade: 11BC
Industry: Banking
Key Responsibilities
Kitsap Credit Union is a not-for-profit, member-owned financial cooperative with more than 300 employees and 14 branches throughout Western Washington. We have a passion for making a positive difference. As a $2 billion-asset credit union, we are deeply committed to our members' financial wellbeing and the prosperity and quality of life in the communities we serve. We are proud to be led by individuals with the experience and skills to drive our organization towards our goals for strategic growth and operational excellence. Our KCU Cares Foundation program focuses on providing resources and support for those struggling with homelessness or hunger and improving the financial well-being of the people in our communities. And beyond monetary efforts, we have provided thousands of hours in staff volunteerism and in-kind support.
At Kitsap Credit Union, our success is built on trust-based relationships and personalized service. We understand our employees are key to our success. They provide the personalized service to our members and contribute to the communities where we live. We are committed to providing a supportive, mission-driven, and inclusive culture where employees can grow their careers. To learn more, visit [kitsapcu.org](https://kitsapcu.org/){target="_blank" rel="noopener"}.
About The Role
Kitsap Credit Union is searching for a Financial Analyst. This position is responsible for providing financial analyses and data support to Management, Asset Liability Committee (ALCO), and the Board of Directors, as well as the individual business units. This role is also responsible for Asset Liability Management modeling and assumptions.
Quick Facts
Reports to: VP, Finance
Employment Type: Exempt, Hybrid, Salaried, Full-time
Salary Range: $81,170.08 - $94,332.24 depending on experience
Bonus Target: 8% potential incentive of base pay
Grade: 11BC
Industry: Banking
Key Responsibilities
- Perform financial forecasting and budgeting, which includes projecting the Balance Sheet and Income Statement, reporting on results, and monitoring operating metrics and trends.
- Report on actual to budget performance and prepare reporting for Management review.
- Work closely with our external vendor to prepare the quarterly interest rate risk update used to evaluate interest rate risk exposure and alternative strategies when necessary. Provide data, update key assumptions and review and make presentations of the results.
- Manage large confidential data sets involving deposit and loan data for statistical analysis.
- Analyze various revenue and balance sheet strategies in partnership with business leads and present meaningful results to Management for consideration.
- Develop and maintain pricing models for loan and share products.
- Coordinate the preparation of the annual operating budget for non-interest income and expense in conjunction with department leads.
- Report and analyze budget variances for Management and the Board of Directors.
- Identify trends and make recommendations for improvements in operating results.
- Perform Credit Risk Management (CRM) analysis, including analysis of the qualitative factors affecting the Allowance for Loan Loss (ALLL) reserves and a quarterly economic report to Management explaining the results.
- Provide information and support, as requested, during regulatory examinations and financial audits.
- Assist the Project Management Department in calculating estimated return on investments for requested projects. Calculate actual return on investment for select projects one year after implementation.
- Understand, model, and represent KCU's core values.
- Bachelor's degree in Finance, Accounting or Business.
- 5 years of financia
Salary : $81,170 - $94,332