Financial Analyst II

Job Details

Description

We are Hiring!

Financial Analyst II – Lowell, MA

Enterprise Bank, is a growing and successful commercial bank where your talents will be recognized. Consistently being recognized both nationally and locally as a “Top Place to Work”, Enterprise Bank team members are as important to us as our core values. Join our dynamic team and experience a unique workplace culture where success is shared, and diversity is celebrated.

What You’ll Do: The Financial Analyst II exhibits strong working knowledge over the primary areas of Finance, including Asset-Liability Management (ALM), Fixed Income Securities, Liquidity, Budgeting, and Profitability and is able to exercise judgment and work independently to complete a first draft of all required reporting over these areas. Working under the Senior Finance Manager, this individual serves a critical role in the annual bankwide budget process functioning as the primary liaison for bankwide cost center managers. This position works closely with our budgeting software to create and maintain templates and workflows and to lead training sessions for the cost center managers. Additionally, the Financial Analyst II is responsible for maintaining and updating the Asset-Liability simulation model including inputs, assumption validation, analysis, and reporting. This individual also provides support for the Bank’s investment portfolio and prepares the revenue center profitability report and cover memo to the board of directors highlighting key changes in profitability.

Essential Functions & Responsibilities

Asset-Liability/Liquidity Management

Works with the Senior Financial Analyst and Senior Finance Manager to:

• Build the Board of Directors ALM presentation and appendix material package, ensuring that all required analysis, procedures, and documentation are completed on the required schedule basis
• Maintain, update, and perform analyses and reporting on the Asset-Liability simulation model including data compilation, assumption validation, quarterly net interest income scenario comparisons, identification of variances, potential issues/preparing detailed written explanations, and performing back-testing procedures
• Prepare and perform analysis and reporting on the quarterly Economic Value of Equity (“EVE”) results
• Prepare portions of the quarterly ALM Presentation including areas such as liquidity, interest rate sensitivity, balance sheet position, strategy updates and bond portfolio strategy and performance update
• Monitor and update the Bank’s Liquidity Contingency Early Warning System
• Produce various cash flow analyses and forecasts
• Responsible for ensuring ALM procedures are written and updated regularly
• Review the monthly upload and reconciliation into the ALM software completed by the department administrative assistant
  
  

Investment Portfolio

• Attend strategy meetings and documents recommended strategies
• Utilize Bloomberg to prepare pre and post purchase investment analysis
• Perform investment pricing reasonableness tests
• Perform reasonableness tests for bond amortization/accretion
• Prepare and maintain the investment transaction report for ALM Presentation
  
  

Vena / Budget / Profitability

Works under the direction of the Senior Finance Manager to:

• Create Vena templates and workflows related to the budgeting process and ALM
• Maintain and improve existing Vena templates related to the budgeting process and ALM
• Prepare the Net Interest Margin Budget
• Prepare revenue center profitability analysis and reporting
• Liaison for cost center budget managers, working with them to ensure proper completion of their annual budget and quarterly budget versus actual analysis
• Participate in Vena budget training sessions for cost center managers (typical attendee is AVP-VP level).
• Use judgment and decision making to provide budgeting and reporting process support including analyzing bank-wide trends, evaluating assumptions, reporting on budget versus actual results, and preparing management reports
  
  

Other

• Complete the quarterly correspondent bank review
• Assist with projects, as needed
• Perform all duties consistent with applicable Federal and State laws and regulations as well as Bank policies
• Perform other related duties as assigned
• Exceed customer expectations by following the guidelines outlined in the Customer Experience Program
  
  

The hours for this position are Monday – Friday 8:30am – 5:00pm.This position is eligible for Hybrid, Remote, or Onsite. Candidates from MA, NH, and ME only.

Requirements: Bachelor’s degree in Accounting or Finance from a four-year college or university and three or more years of experience as a financial analyst in a financial industry or equivalent combination of education and experience.

If you don’t meet all the requirements, apply anyway! Our recruiting team considers your entire professional journey. Enterprise team members are made up of more than just their previous titles.

Our DEIB Value Statement: At Enterprise Bank, people and relationships come first. We encourage and foster a culture of diversity, equity, inclusion, and belonging where everyone feels valued and respected. We are committed to a caring workplace that recognizes the importance of making a meaningful, positive difference in the lives of our team members, customers, and communities. Please click here to view our Inclusion website for more information and to learn more of our story and Core Values.

Benefits: We encourage every team member at Enterprise to lead a healthy and balanced life. We offer generous paid time-off programs, exceptional Tuition Assistance, College Loan Repayment, Wellness programs, Employee Resource Groups, opportunities to assist in your community as well as health, dental and life insurance coverage and a generous 401(k) match.

Enterprise Bank is an equal opportunity employer and makes employment without regard to race, color, religion, gender, sexual orientation, age, national origin, ancestry, genetic information, gender identity, disability, marital status, active or veteran military status, retaliation or any other protected status. EOE M/F/Disabled/Vet.