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Location

Valencia, CA | United States

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Job description

The Financial Analyst III p erforms financial analysis and assistance with projects including: product & branch profitability; potential new products & services profitability analysis, budget variance analysis and budget planning; asset liability management (ALM) modeling and reporting and ad-hoc analysis supporting accounting/financial statements, records and reports.

• Prepares financial reports including ALCO (Asset Liability Committee), ALM and ad-hoc reports.
• Identifies and analyzes trends using statistical analysis and mathematical modeling.
• Performs ad-hoc profit/loss analyses at the loan/deposit product level and organizational level.
• Manages the monthly Funds Transfer Pricing (FTP) process.
• Prepares studies, reports, and analyses in areas such as budgets, forecasts, financial plans, governmental requirements, statistical reports, cash flow projections, business forecasts, and variance analysis for executive and board-level decision-making.
• Makes recommendations to the management regarding cost saving or profit generating opportunities and strategies.
• Makes recommendations to management regarding pricing for various products and services.
• Performs documentation and routine maintenance of financial modeling systems, including asset- liability, forecasting, budget & planning, branch & product profitability and channel & member profitability.
• Reviews analysis produced by these systems and makes recommendations to management regarding data input & enhancements.
• Creates & maintains desktop procedures for financial modeling systems and critical tasks.
• Participates in special studies and surveys; summarize and analyze potential financial decisions and prepares recommendations for policy, pricing, profitability, process, control, and/or action.
• Performs pro-forma analysis on new business opportunities for the Credit Union, including branch deployment strategies.
• Calculates Credit Union/Banking key metrics and ratios.
• Performs interest rate sensitivity analysis to forecast the impact of market interest rates and the economy on Credit Union earnings.
• Participates and contributes in Credit Union ALCO committee meetings.
• Provides financial implications of financial policies, governmental legislation, accounting theory or member financial regulations.
• May represent finance management in meetings with internal & external organizations, to find solutions, & implement new methods or processes.
• Performs cash management and supports investment portfolio activities, including auditing cash management, investment portfolio functions and associated reporting on the direction of these assets.

 

 

Education

 

Min/Preferred Education Level Description
-	4 Year / Bachelors Degree	Bachelor’s degree in finance, economics, mathematics or related fields from four-year college or university.
Preferred	Graduate Degree	MBA, CFA or graduate degree in a quantitative discipline is preferred

 

Experience

 

Minimum Years of Experience Preferred Years of Experience Description
4	6	At least 4-6 years of applicable financial/analytical experience. Minimum 3 years of ALM, risk management, valuation or other applicable treasury experience at a financial institution.

 

Knowledge, Skills & Ability

• Advanced knowledge of financial and accounting theory, principles and practices as would normally be obtained through a bachelor’s degree program in finance.
• Ability to independently and efficiently prepare complex ad-hoc financial analyses for senior management with a high degree of accuracy, under general supervision.
• Knowledge of asset/liability management and investments, budgets, cost accounting, and other financial analyses.
• Strong presentation skills in PowerPoint, with the ability to visualize complex analyses in a straightforward manner for Credit Union executives and board members.
• Thorough working knowledge, understanding, and experience calculating & interpreting credit union/banking key metrics, ratios, and trends.
• Advanced Excel experience using SUMIFS/COUNTIFS/Index & Match formulas; usage of macros in VBA, pivot tables & statistical functions is preferred.
• Thorough working knowledge, understanding & experience with ALM software.
• Ability to interpret financial & general ledger data.
• Experience with “big data” mining and its use for bank balance sheet modeling preferred.
• An equivalent combination of education and experience may be considered.

• Practice open C ommunication with all levels;
• Be A ccountable by taking ownership of customer issues and responsibility for one’s actions;
• Foster T eamwork by cooperating and collaborating with other employees;
• Seek ways to make the workplace F un for oneself & others;
• Conduct oneself with I ntegrity by being honest, trustworthy and ethical in all work activities and interactions;
• Work with a S ervice Orientation by having a genuine concern for the needs of one’s customers and by being friendly, professional and following through on commitments; and
• Demonstrate H umility in all interactions and remember to leave one’s ego at the door when one arrives to work.

Logix Federal Credit Union is an equal opportunity employer that does not discriminate in employment opportunities or practices on the basis of race, religion, color, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other status protected by law.

USD $87,429.02 - USD $135,514.98 /Yr.

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