Senior Financial Analyst

Senior Financial Analyst

Finance Department - San Jose

Position Summary

The Senior Financial Analyst plays a key role within the Finance team, helping guide important decisions through insightful data analysis and thorough reporting. Expected to deliver precise, data-driven insights about the Credit Union’s branch, product & member profitability. Responsibilities include gathering and tracking financial data, building analytical models, and supporting management with recommendations to strengthen the Credit Union’s financial position by evaluating outcomes, monitoring differences, highlighting patterns, and suggesting strategic actions. Actively involved in monthly financial reviews, specialized reporting, budgeting, forecasting, and generating projections.

Essential Duties and Responsibilities

Maintain and report on Enterprise Profitability which includes Product, Member & Branch Profitability. Ensure proper and updated Allocation Set Up in Profitstar.  Assist in conducting Time Survey and the corresponding consolidation and update of the model.  Maintain the Pricing Governance Policy and maintain weekly updates of the Pricing Profitability Calculator.  

Actively participate in organizing and compiling the annual budget process including working directly with the department managers related to Operating Expense and Fee Income and prepare corresponding budget reports and identify and provide analysis for any significant changes year over year. Assist in resolving Budget Variances during Month End Close. Manage the Quarterly Budget Variance Reporting.

Participate in the delivery of internal reporting including the Board & ALCO Reports and serve as a backup when needed for other members of the team to provide timely delivery of routine financial reporting. Internal and Regulatory Audits, Credit Union Insurance; renewal, claims, annual Board Review.

Contribute to the ALM Modeling of the balance sheet strategy.  Assist with research and provide variance analysis and insight to prepare executive summary.  Support as needed to perform quarterly Balance Sheet and NII Simulation and produce quarterly ALM Packet and reports presented to ALCO.  

Independent work on AdHoc Reporting and participate in Organization or Departmental Projects as needed. Identify areas of improvement and facilitate implementing process changes. 

Support the Treasury Manager in the execution of Capital Markets transactions. This includes analyzing the loan portfolio and identifying loan candidates for sale, compiling loan tape for brokers including data required to perform valuation, evaluating indicative pricing from brokers and assessing whether it meets internal profit/loss thresholds, coordinating with Lending/Mortgage departments to gather loan data and documents required for due diligence and settlement. 

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.
• B.A./B.S. Degree Required.
• A significant level of trust, credibility and diplomacy is required. In-depth dialogue, conversations and explanations with customers, direct and indirect reports and outside vendors can be of a sensitive and/or highly confidential nature. Communications may involve motivating, influencing, educating and/or advising others on matters of significance.
• Knowledge of accounting principles, characteristics of financial assets and liabilities, and basic investment, ALM and Statistical analysis. Ability to work standard personal computers (including peripheral equipment). 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
  
  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. We are committed to removing barriers to access and enhancing opportunities for all individuals based on merit and potential. 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. 

• Target Range: $99,069.72 to $123,837.15*
  
  *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.