Overview
A Finacial analyst will aid organization with financial functions such as assessing, auditing, planning, budgeting, taxes, consolidation, cost control, and project control. Analyze financial data of organization and estimate future revenues and expenditures, applying principles of finance (cost analysis, forecasting, NPV, etc.). Act as consultant to management on financial policies, procedures, and applications.
Responsibilities
- Assist with annual Raddon Update/Review.
- Profitability Reporting (product, department, and branch) Monthly Update/Review.
- Concentration Risk Reporting.
- Assist in the preparation of the annual Credit Union budget. Coordinate data gathering with other departments, create the budget, and analyze it to ensure accuracy and feasibility.
- Prepare and track the liquidity position for the Credit Union including income and liquidity ratios.
- Prepare files for Asset Liability Management (ALM). Review ALM and liquidity reports. Run stress tests, back testing, and validations. Summarize reports and give recommendations to Asset Liability Management Committee (ALCO). Calibrate and ensure that the ALM and liquidity reports are accurate monthly. The analyst in charge of ALM will also sit on ALCO.
- Analysis of upcoming loan and deposit promotions or changes for effects on the Credit Union’s ALM, and budget position.
- Prepare and publish ALCO reports each month.
- Calculate and review the Allowance for Loan Losses (ALL) each month. Determine if the ALL is properly funded and recommend additional funding if necessary.
- Analyze where new loans, deposits, and members are coming from.
- Monthly Loan Analysis. Develop and update monthly reports for loan analysis. Give recommendations for improvements.
- Monthly Deposit Analysis. Develop and update monthly reports for deposit analysis. Give recommendations for improvements.
- Monthly delinquency calculation and analysis.
- Analysis of various services including but not limited to overdrafts and insurance sells.
- Help determine the effectiveness of marketing campaigns.
- Responsible for the accuracy and reporting of the loan participation program. Work with the CFO to determine when to participate and how much. Work with potential participants as they do due diligence. Complete remittances, balancing, and investor reporting each month. Monitor loan pools and call them due through clean up calls as appropriate.
- Assist team members and managers with financially related analysis and projects. Use available data analytical tools to provide efficient, repeatable, and accurate reporting.
- Evaluate and analyze capital expenditures, depreciation, proposals, investment opportunities, rate of return, profit plans, operating records, financial statements, etc.
- Analyze records of present and past operations, trends, and costs, estimated, and realized revenues, administrative commitments, and obligations incurred to project future revenues and expenses.
- Document revenues and expenditures.
- Develop financial/accounting concepts for financial planning and control.
- Assist in preparation of special studies, analyses, and recommendations in areas such as budgets, forecasts, financial plans, governmental requirements, statistical reports, and business forecasts.
- Advise management on matters, such as effective use of resources and assumptions underlying budget forecasts and interpret budgets to management.
- Conduct and lead audits if necessary.
- Provide functional and technical direction to other staff members.
- Promote and market the Credit Union.
- Other duties as assigned.
Qualifications
3-5 years of analytical experience or bachelor’s degree in related field. Ability to work with others to reach department goals. Excellent written and oral communication (preferably English). Very proficient in Excel (including pivot tables, vlookup, hlookup, filtered tables, visualizations, etc.). Enjoys working on own, analyzing data, and solving puzzles. Naturally inquisitive, not afraid to ask “Why?” Capable of always maintaining the confidentiality of Credit Union and member records.
Performance Standard:
Demonstrate cooperative and positive attitude toward members and other Credit Union staff. Accurate in balancing and account research. Be able to diagnose problems. Professional in appearance, attendance, quality, and quantity of work performed. Ability to work without supervision. Must be willing to comply with the Bank Secrecy Act and USA Patriot Act as implemented by Idaho Central Credit Union.
Physical Requirements:
- Perform tasks requiring manual dexterity (processing paperwork, filing, stapling, sorting, collating, typing, counting cash, etc.).
- Sit for extended periods of time.
- Lift 20-40 pounds of applicable supplies including but not limited to copy paper, cash drawers, marketing material, etc.
- Repetitive motion using wrists, hands, and fingers.
- Reach keyboards.
- Ability to operate basic office machines (calculator, computer, telephone, copy machine, fax machine, etc.).
The above statements reflect the general details considered necessary to describe the essential functions of the job and should not be construed as a detailed description of all the work requirements that may be inherent of the job.
Must be eligible for membership at Idaho Central Credit Union to obtain employment.
Idaho Central Credit Union is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, age, disability, protected veteran status or other characteristics protected by law.