Summary:

The Senior Financial Analyst role encompasses meticulous financial analysis, modeling, reporting, and budgeting to optimize profitability and support decision-making. Responsibilities span from generating comprehensive financial reports, including liquidity assessments and profitability analyses using historical and projected data, to managing Asset-Liability Management practices and regulatory compliance. This position liaises between departments, ensuring seamless data flow, while proactively seeking process enhancements and maintaining precision in external reporting. With a foundation in accounting principles and advanced analytical skills, the Senior Financial Analyst drives operational efficiency, prioritizes data accuracy and integrity, and upholds organizational values.

Essential Functions:

1. Asset Liability Management and Liquidity Management:
   • In coordination with the credit union’s ALM Consultant, conduct ALM Modeling tasks, including updating the model quarterly, reconciliation, back testing, scenario modeling, sensitivity testing, documentation, training, and analysis.

• Prepare liquidity management reporting, cash flow modeling, back testing, and stress testing.

• Responsible for the review and validation of models of assumptions used in Asset/Liability Management including liquidity, interest rate risk management, and product pricing decisions. 
• Development and documentation of model assumptions, review and validation of model results, production of ALM reports and presentation of results to management. Maintain Assets/ Liabilities model documentation for both internal and external reviews.

1. Financial Analysis and Profitability:
   • Generate and analyze diverse financial reports, using historical and forecasted data.
   • Prepare ROI (Return on Investment) analysis and profitability analysis for various committees, departments and purposes.
   • Prepare proforma analysis, product performance analysis, branch/department profitability analysis and other financial analysis needed for risk management and business decisions.

1. Budgeting, Forecasting, and Financial Management:
   • Assist with the annual budgeting process and ongoing rolling forecast modeling, reporting and data entry/collection.
   • Prepare rolling forecast and projection/forecasting models and scenarios.
   • Support the organization with knowledge, training and education relative to financial management.
   • Develop and maintain accurate financial forecasting models, incorporating risk assessment methodologies.
   • Provide insights into potential financial risks and assist in implementing risk mitigation strategies.

1. Operational Support and Process Enhancement:
   • Collaborate with departments for data analysis, performance assessment, and decision support.
   • Identify and recommend process improvements to drive operational efficiency.
   • Ensure consistency and accuracy of financial modeling and analysis prepared by other areas.
   • Complete analysis for operational efficiency such as branch profitability, merger analysis, department profitability, and outsourcing options, resulting in recommendations to be considered by management.

1. Abides by Belco’s policies, procedures, standards, regulatory and compliance mandates.
2. Embodies Belco’s mission, vision, core values, and Belco life brand.
3. Lives the Behavioral Expectations.
4. Any other duties as assigned by the SVP of Finance.

Competencies:

• Functional Skills: Job Skills, Dependability, Industry Knowledge
• Operating Skills: Quality Of Work, Communication, Time Management
• Relationship Skills: Relationship Building/Network, Teamwork
• Behavioral Expectations

Work Environment:

This position operates in a professional office environment and routinely uses standard office equipment, such 

as computers, phones, copiers, filing cabinets, and fax machines. Other department-specific equipment used 

include check scanners and document scanners.

This position is hybrid with a minimum 20% in-office time required.

Physical Demands:

Ability to operate general office equipment such as copiers, phones, printers, and fax machines. Keyboarding or PC data entry capabilities required. Sitting, standing, bending and hand dexterity required. Ability to meet minimum lifting requirement up to 25 lbs. associated with the storage of documents for record retention purposes. Ability to move from one area to another within a one-floor office layout. Stairs and elevator provided for movement from one floor to another and to enter and exit building.

Travel: 

None

Minimum Required Education and Experience:

A Bachelor’s degree is required, with a minimum of five years of similar or related experience, including time 

spent in preparatory roles. 

Preferred Education and Experience:

Degree concentration in Accounting, Finance, Mathematics or Data Analytics preferred. Experience in Credit Union Asset-Liability Management, CU Financial Management and Financial Analysis preferred.

Disclaimer:

Please note this position 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.

We are an Equal Employment Opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, gender identity, sexual preference/orientation, age, disability, marital status, pregnancy, veteran status, or other legally protected bases. Belco’s Diversity and Inclusion initiatives provide all employees with equal access to training and advancement opportunities throughout the organization.

Belco will provide reasonable accommodation to applicants and employees with disabilities where appropriate throughout the application and employment process. Determinations on requests for reasonable accommodation related to any job function will be made on a case-by-case basis. A reasonable accommodation is any change to a job, the work environment, or the way things are usually done that enables an individual with a disability to apply for a job, perform job duties or receive equal access to job benefits.