What are the responsibilities and job description for the Sr. Financial Forecasting Analyst position at PenFed Credit Union?
Job Overview
PenFed is hiring a (Hybrid) Sr. Financial Forecasting Analyst at our Tysons, Virginia location. The Senior Financial Forecasting analyst will be a key contributor within Corporate FP&A, supporting enterprise-wide balance sheet and income forecasting. This role will have primary responsibility for QRM model inputs and outputs, and OneStream forecasting and reporting processes, partnering closely with Treasury, Line of Business FP&A, Risk and Accounting to ensure accurate, timely and insightful financial analysis.
The position requires strong analytical skills, a solid understanding of banking and credit union financials and products, and the ability to translate complex model results into clear business insights.
Responsibilities
Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties, and the position will perform other duties as assigned.
Equivalent combination of education and experience is considered.
This position will not supervise employees.
Licenses and Certifications
CFA/FRM professional certification preferred.
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*
Travel
Ability to travel is not required.
Benefits
At PenFed, we offer a robust benefits package designed to support you both personally and professionally. You'll have access to comprehensive health, dental, and vision plans; paid time off; and family-friendly benefits like paid parental leave, care support, and fitness center access. Financial wellness is encouraged through features like a 401(k) match, employee loan discounts, and fully paid life and disability coverage. We also support growth via education assistance, community involvement, and volunteer opportunities.
About Us
Established in 1935, PenFed today is one of the country's strongest and most stable financial institutions with over 2.9 million members and over $31 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam and Puerto Rico. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.
Berkshire Hathaway HomeServices PenFed Realty, LLC is a full-service real estate company ready to assist our clients with buying, selling and renting a home. The company is a wholly owned subsidiary of PenFed Credit Union and is the largest independently-owned brokerage in the Berkshire Hathaway HomeServices network, placing us in the top 1% of all real estate brokerages in the country.
With almost 60 offices and nearly 2,000 world-class sales professionals, we offer complete service coverage in Virginia, Maryland, the District of Columbia, Delaware, Pennsylvania, West Virginia, Florida, Tennessee, Kansas and Texas. In addition, we also offer specialized client services which include management of vacation properties and long-term rentals, corporate relocation services and national referral network.
Equal Employment Opportunity
PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.
PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 402-639-8568.
PenFed is hiring a (Hybrid) Sr. Financial Forecasting Analyst at our Tysons, Virginia location. The Senior Financial Forecasting analyst will be a key contributor within Corporate FP&A, supporting enterprise-wide balance sheet and income forecasting. This role will have primary responsibility for QRM model inputs and outputs, and OneStream forecasting and reporting processes, partnering closely with Treasury, Line of Business FP&A, Risk and Accounting to ensure accurate, timely and insightful financial analysis.
The position requires strong analytical skills, a solid understanding of banking and credit union financials and products, and the ability to translate complex model results into clear business insights.
Responsibilities
Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties, and the position will perform other duties as assigned.
- Manage the design, development, and ongoing enhancement of the enterprise financial forecasting process using the QRM Balance Sheet Management system (QRM) and OneStream.
- Oversee data, assumption, and model input loading processes in QRM and OneStream, including reconciliation, validation and alignment with general ledger and management reporting.
- Serve as a key Corporate FP&A partner to LOB FP&A, developing a strong understanding of model assumptions, methodologies, and limitations; identify and communicate forecast risks and opportunities.
- Support the production of multiple financial forecasts, including monthly estimates, mid-year forecasts and the annual plan, as well as income sensitivity and scenario analysis.
- Collaborate with the Treasury team to incorporate liquidity assumptions into forecasts, and to forecast and monitor investment portfolio and derivative activity within QRM and OneStream frameworks.
- Maintains an in-depth knowledge of fixed income instruments including mortgage-related products, auto loans, credit card products, indeterminate maturity deposits, and interest rate risk measurement concepts such as market valuation, spreads, prepayments, duration, basis risk, etc.
Equivalent combination of education and experience is considered.
- Bachelor's degree in business administration, Accounting or Finance, or a related field.
- Minimum of three years of relevant professional experience in consulting, financial services, banking, or credit unions.
- Minimum of two years' experience supporting or implementing finance, loan and Balance sheet management systems.
- Strong understanding of financial statements and experience with banking ALM or forecasting systems (e.g., QRM, OneStream, or similar) preferred.
- Advanced Excel skills, including financial modeling and data analysis.
- Demonstrated ability to apply an analytical mindset to identify issues, evaluate alternatives and propose actionable solutions in support of strategic business decisions.
- Ability to manage multiple projects simultaneously and adapt quickly to changing priorities.
- Excellent oral and written communication skills; Proven interpersonal and organizational skills.
This position will not supervise employees.
Licenses and Certifications
CFA/FRM professional certification preferred.
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*
Travel
Ability to travel is not required.
Benefits
At PenFed, we offer a robust benefits package designed to support you both personally and professionally. You'll have access to comprehensive health, dental, and vision plans; paid time off; and family-friendly benefits like paid parental leave, care support, and fitness center access. Financial wellness is encouraged through features like a 401(k) match, employee loan discounts, and fully paid life and disability coverage. We also support growth via education assistance, community involvement, and volunteer opportunities.
About Us
Established in 1935, PenFed today is one of the country's strongest and most stable financial institutions with over 2.9 million members and over $31 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam and Puerto Rico. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.
Berkshire Hathaway HomeServices PenFed Realty, LLC is a full-service real estate company ready to assist our clients with buying, selling and renting a home. The company is a wholly owned subsidiary of PenFed Credit Union and is the largest independently-owned brokerage in the Berkshire Hathaway HomeServices network, placing us in the top 1% of all real estate brokerages in the country.
With almost 60 offices and nearly 2,000 world-class sales professionals, we offer complete service coverage in Virginia, Maryland, the District of Columbia, Delaware, Pennsylvania, West Virginia, Florida, Tennessee, Kansas and Texas. In addition, we also offer specialized client services which include management of vacation properties and long-term rentals, corporate relocation services and national referral network.
Equal Employment Opportunity
PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.
PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 402-639-8568.