FINANCIAL ANALYST

POSITION PURPOSE

The Financial Analyst supports the credit union by conducting financial studies, analyzing operational and financial data, and preparing recommendations that inform strategic decisions. This role evaluates capital expenditures, investment opportunities, financial statements, and performance trends. The analyst contributes to budgeting, forecasting, regulatory reporting, asset and liability management, and other financial analyses that strengthen the credit union’s financial health and strategic direction.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

Financial Analysis and Reporting  

Prepare monthly, quarterly, and annual financial, board, and regulatory reports.

Deliver financial analysis including forecasting, variance analysis, cost benefit analysis, and performance reporting to support executive decision making.

Develop forecasting and reporting templates based on historical trends and projected performance.

Helping quantify the financial impact of strategic initiatives 

Collaborate with leadership to ensure new programs, products, and solutions operate in alignment with expectations.

Support the annual budgeting process, including balance sheet, income statement, cash flow, and depreciation and amortization forecasts.

Maintain and refine the credit union’s asset liability simulation model, ensuring data accuracy and validating key assumptions.

Provide forward looking interest rate risk assessments and scenario analyses to optimize the balance sheet’s risk return profile.

Support monthly ALCO committee reporting with analysis, insights, and recommendations for improved reporting or additional review.

Develop and maintain cost models to evaluate product and service profitability, offering recommendations for enhancements or discontinuation.

Analyze lending portfolio performance and prepare related reports.

Prepare CECL modeling inputs, data validation, or scenario analysis. 

Investment Analysis and Portfolio Support

Research and analyze investment activity, documenting trends in pricing, yield, stability, and market direction.

Interpret economic data and insights from brokers and financial publications to support investment recommendations.

Maintain accurate internal and external investment documentation, and ensure subsidiary schedules are complete and accurate.

Prepare charts, graphs, and reports summarizing market conditions and investment purchase analysis.

Participate in regular meetings with approved brokers to review strategy and portfolio performance.

Forecasting, Modeling and Recordkeeping

Back test forecasts to validate accuracy and refine assumptions.

Prepare recurring investment and liquidity forecasting reports.

Complete special financial reports, studies, and analyses as assigned.

Conduct “what if” modeling 

Collaboration, Communication and Cross Functional Support

Provide financial data, reporting, and analysis to internal departments as needed.

Keep management informed of activities, emerging issues, and meaningful trends.

Participate in meetings, committees, and initiatives as required.

Support implementation of new processes, financial models, and programs, recommend improvements in pricing, workflows, and internal controls.

Stay current on financial, economic, and industry trends relevant to credit unions. 

Monitoring market trends, competitor rates, and emerging financial technologies. 

Perform other duties as assigned.

Serve as a financial subject matter resource to management and other stakeholders.

PERFORMANCE MEASUREMENTS

Quality, Accuracy, and Timeliness of Financial Analysis

Financial reports, forecasts, models, and analyses are consistently accurate, timely, and actionable. Work supports informed decision making by Executive Management, ALCO, and department leaders. Forecasts and assumptions demonstrate rigor, reasonableness, and continuous improvement over time.

Strategic Insight and Contribution to Organizational Goals 

Analysis and recommendations contribute meaningfully to budgeting, strategic planning, balance sheet optimization, product profitability, and investment strategy. The analyst proactively identifies trends, risks, and opportunities and provides thoughtful recommendations aligned with the credit union’s financial objectives.

Compliance, Risk Management and Process Integrity

All financial and investment activities are conducted in accordance with credit union policies, regulatory guidelines, and internal controls. The analyst maintains high standards for data validation, documentation accuracy, and modeling integrity, supporting sound investment, liquidity, and interest rate risk management.

Collaboration, Communication and Cross-Department Support

The analyst maintains strong communication with management, peers, and cross department partners, ensuring alignment, clarity, and responsiveness. Stakeholders receive helpful analysis, reporting, and support in a professional manner. The analyst contributes effectively in meetings and provides clear updates on issues, progress, and results.

Operational Efficiency, Innovation and Continuous Improvement

Demonstrates initiative by improving reporting processes, enhancing models, increasing automation, and developing tools or insights that elevate financial reporting and operational efficiency. Actively pursues professional development to remain current on financial analysis methods, industry trends, and credit union best practices.

Qualifications:

Education/Certification   

Bachelor’s degree or an equivalent combination of experience and training. 

ALM or Risk Management certificate (preferred).                                                                                          

Required Knowledge          

Credit union finance fundamentals. 

                                                      Thorough understanding of financial research, and reporting. Preferred understanding of investments, but not required.  

                                                      CECL basics and credit risk drivers.

                                                      Fundamental understanding of GAAP for financial institutions, budgeting/forecasting, portfolio segmentation, trends. 

 

Experience Required           

Two to five years of similar or related experience. 

 

Skills/Abilities                        

Solid analytical and organizational abilities.

                                                       Good written and oral communication skills.  

                                                        Advanced excel skills.  

                                                        Good project management abilities.

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

 

Talking                                         

Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.

Average Hearing                    

Able to hear average conversations and receive ordinary information.

Repetitive Motion                  

Movements frequently and regularly are required using the wrists, hands, and fingers.

Average Visual Abilities   

Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery.

Physical Strength                

Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally.  (Almost all office jobs.)

 

WORKING CONDITIONS

None                                  

No hazardous or significantly unpleasant conditions (such as in a typical office).                                               

 

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

 

Reasoning Ability                 

Ability to apply logical or scientific thinking to define problems, collect data, establish facts, and draw conclusions.  

                                             Able to interpret a variety of technical instructions and can deal with multiple variables.

Mathematics Ability             

Ability to compute discount, interest, profit, and loss; commission markup and selling price; ratio and proportion, and percentage.  

                                                       Able to perform very simple algebra.

Language Ability                    

Ability to read a variety of books, magazines, instruction manuals, atlases, and encyclopedias.  

                              Ability to prepare memos, reports, and essays using proper punctuation, spelling, and grammar.  

                                                 Ability to communicate distinctly with appropriate pauses and emphasis; correct pronunciation (or sign equivalent) and variation in word order; using present, perfect, and future tenses.

 

Salary : $33 - $42