What are the responsibilities and job description for the Financial Analyst position at Wellby Financial?
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Position Summary
The Financial Analyst under the guidance of Finance Leadership supports the financial management across the organization. Prepare and provide financial analyses aimed towards continuous improvement of the company’s operations including asset liability management and investment portfolio management. Utilizing data from a variety of sources, position will compile, analyze, and interpret data into useful decision-making resources.
Principle Duties And Responsibilities
The team member does not have supervisory responsibilities.
Complexity & Scope of Work
This is a Full-Time, Salary (exempt) role.
Wellby is an equal opportunity and affirmative action employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, veteran status or any other legally protected characteristic. If you'd like more information about your EEO rights as an applicant under the law, please contact Human Resources.
Wellby provides equal opportunity to qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation, please email careers@wellbyfinancial.com or call 281-226-1696 for assistance.
Disclaimer
The statements herein are intended to describe the general nature and level of work being performed by team members and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of the Company.
We're committed to bringing passion and customer focus to the business.
Position Summary
The Financial Analyst under the guidance of Finance Leadership supports the financial management across the organization. Prepare and provide financial analyses aimed towards continuous improvement of the company’s operations including asset liability management and investment portfolio management. Utilizing data from a variety of sources, position will compile, analyze, and interpret data into useful decision-making resources.
Principle Duties And Responsibilities
- Willingness and ability to exhibit Wellby Core Values every day.
- Works with purpose and is driven to provide the best team member experience.
- Perform daily cash management functions to include monitoring daily cash position at depositories, branches, and ATMs, monitor liquidity levels and associated risks while optimizing cash levels to ensure maximum return.
- Maintain the Credit Union’s investment portfolio documentation, including monitoring collateral pledged for adequacy and ensuring third party provided reports are in agreeance.
- Gathers, compiles, and prepares information for routine financial reports, analysis, and presentations.
- Prepare monthly and quarterly statistical reports and other trend analysis.
- Prepare and analyze profitability reports for branches and departments.
- Assist in analysis, modeling, and reporting related to pricing and risk for credit union deposits, loans, and services.
- Participate in the preparation of the annual budget including compilation of information from various cost centers, preparation of short- and long-term forecasts, reviewing budget variances and creating reports.
- Prepare FR2900 and other regulatory reports.
- Provide financial analysis support to other departments and project teams.
- Use judgment and critical thinking when completing all reporting to recognize changes in data sources, variations in the process, and fluctuations in trends and understand the potential impact on results.
- Actively participate in audits and regulatory examinations. Gather and prepare requested documentation for internal and external audits and exams.
- Performs other duties as assigned.
- Knowledge of Wellby’s organizational functions and general operating policies and procedures.
- Knowledge of secretarial practices and procedures, business English, spelling, and punctuation.
- Knowledge of personal computer, utilizing Microsoft Office Suite and other software’s.
- Knowledge of basic banking principles.
- Knowledge and understanding of Generally Accepted Accounting Principles (GAAP).
- Knowledge and understanding of Generally Accepted Auditing Standards.
- Knowledge and understanding of methods of systems analysis and the principles, design, and procedural methods used in big data analysis.
- Knowledge and understanding of project management.
- Skilled in operating computer equipment and general office machines such as personal computers, copiers, projection equipment, audio/video, Microsoft Teams, Zoom Video Communications, and adding machines.
- Ability to communicate clearly and concisely, orally and in writing.
- Ability to efficiently understand and follow oral and written instructions, perform routine duties without close supervision, and establish and maintain effective working relationships with other team members.
- Ability to coordinate several concurrent activities simultaneously.
- Ability to exercise independent judgment.
The team member does not have supervisory responsibilities.
Complexity & Scope of Work
- The team member will ensure policies, procedures, and programs are consistently administered, aligned with organizational goals, and compliant with professional standards.
- The team member performs routine and generally related tasks without supervisory direction.
- Tasks may occasionally have to be coordinated, integrated, and/or prioritized.
- Courses of action are determined by established procedures and/or by the Vice President of Finance.
- The team member’s work is reviewed periodically for accuracy, completion, and compliance with the policies and procedures.
- The team member uses independent judgment in making decisions.
- The physical demands and work environment characteristics described here represent those that must be met by a team member to successfully perform the essential functions of this position. Reasonable accommodations may enable individuals with disabilities to perform essential functions.
- To perform this job successfully, the team member is frequently required to remain in a stationary position 50% of the time. Daily movements include sitting, standing, reaching, and grasping; operating computers and other office equipment; moving about the office; and attending possible onsite and offsite meetings.
- The team member must be able to exchange information, in person, in writing, and via telephone. Some degree of stress results from contact with management and other team members.
- The ability to observe details at close range (within a few feet of the observer).
- Must be able to occasionally lift items weighing up to 25 pounds across the office and load them onto shelves for various needs.
- The noise level in the work environment is usually moderate.
- Work involves the typical risks and discomforts associated with an office environment but is usually in an adequately cooled, heated, lighted, and ventilated area.
- Bachelor’s degree in accounting, finance, statistics, or data science is required.
- Minimum three years of relevant experience within financial institutions.
This is a Full-Time, Salary (exempt) role.
Wellby is an equal opportunity and affirmative action employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, veteran status or any other legally protected characteristic. If you'd like more information about your EEO rights as an applicant under the law, please contact Human Resources.
Wellby provides equal opportunity to qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation, please email careers@wellbyfinancial.com or call 281-226-1696 for assistance.
Disclaimer
The statements herein are intended to describe the general nature and level of work being performed by team members and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of the Company.