Senior Financial Analyst
Company: Bay Federal Credit Union
Location: Santa Cruz
Posted on: August 6, 2022
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Job Description:
The Senior Financial Analyst leads analysis and processes of a
financial, operational, or risk management nature in support of
business objectives. Presents written recommendations to the AVP,
Finance, CFO, and Management ALCO on various topics including but
not limited to: financial performance drivers, profitability
analysis, and product structure and respective strategies to
achieve financial objectives. Actively seeks feedback from internal
customers to ensure alignment of financial services provided ties
to business needs and brings approved recommendations to fruition.
Prepares recommendations for policy including drafting departmental
policies, internal controls, and owns assigned procedures. This
position requires independent judgment, ability to self-manage,
ability to deal with ambiguity, and teamwork. Leads change within
finance to improve tools/applications and integrity of data
management. Mentors finance staff on spreadsheets and other similar
tools.SPECIFIC RESPONSIBILITIES include the following. Other duties
may be assigned. Under the leadership of the AVP, Finance, leads
the financial planning process collaborating with respective
departments in the development of production goals, revenue, and
operating expenses.Owns the credit unions financial planning model.
Ensures that the model attributes are in alignment the general
ledger structure and product characteristics to ensure model
integrity, accurate forecasts, supports robust scenario analysis,
and states credit union s risk-based capital position. Ensures that
the model is updated on a timely basis to provide management with
respective financial analysis. Discuss and presents to management
recommendations to achieve financial objectives.Owns the variance
to plan analysis in the preparation of the credit union s financial
statements. Reports variances to respective business partners, AVP,
Finance and CFO.Leads the updating, analysis, and reporting of the
credit union s delinquency and loan loss reserve calculation.
Collaborates with lending and treasury to describe key drivers and
trends in delinquency and reserve requirements. Presents
recommendations in collaboration with the lending and treasury on
tactics and strategies to mitigate existing and or evolving risk in
the loan portfolio to the Management ALCO that affects
reserves.Leads the development, analysis, and reporting of
Profitability metrics including but not limited to: product,
delivery channel, and member. Collaborate with respective business
units to develop and maintain accurate allocation methodologies to
ensure respective buy-in from the management on results.
Collaborates with treasury in the development of pricing strategies
to assist management in pricing of products and services to achieve
desired objectives. Prepare and present written analysis and
recommendations to achieve profitability objectives. Owns vendor
relationship and ensures data is protected within the credit union
s standards.Leads the preparation and analysis of the credit union
s incentive scorecard collaborating with the respective business
units to develop, enhance, maintain appropriate incentives in
alignment with organizational goals.Collaborates with the AVP
Finance on the publication the credit union s financial statements
reporting package and respective disclosures for internal and
external publication.Leads developing, implementing, and
maintaining scorecards for the CFO organization.Maintains a
thorough knowledge of credit union processes, policies, and
procedures as well as regulations specific to the job
responsibilities and duties.Always promote and maintain a positive
image of Bay Federal to all personnel, members, volunteers,
vendors, and the community. QUALIFICATIONSTo perform this job
successfully, an individual must be able to perform each essential
duty satisfactorily. The requirements listed below are
representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions. LANGUAGE
SKILLSAbility to read, analyze, prepare and interpret financial
documents.Ability to read and interpret documents such as Policy
and Procedure documents, safety rules, operating and maintenance
instructions, and procedure manuals.Ability to write specialized
reports and correspondence; demonstrate strong report writing and
communication skills.Ability to speak effectively before groups,
members, and employees. MATHEMATICAL SKILLSAbility to apply
financial concepts and calculations such as Present Value, Internal
Rate of Return, Yield, Weighted Average Cost of CapitalAdd,
subtract, multiply, and divide in all units of measure, using whole
numbers, common fractions, and decimals.Ability to compute rate,
ratio, and percent.Ability to draw and interpret bar graphs as well
as analyze data. PHYSICAL SKILLSWhile performing the duties of this
job, the employee is regularly required to stand, talk or hear.The
employee frequently is required to walk; sit; use hands and reach
with hands and arms.Must have the manual dexterity to skillfully
operate a computer keyboard and other standard office equipment.The
employee must occasionally lift and/or move up to 30
pounds.Corrected vision in normal range. EDUCATION AND/OR
EXPERIENCEBachelor s degree (B.A.) in Finance from a four-year
college or university or equivalent with a minimum of 5 years of
related experience.Must have a thorough knowledge of financial
conceptsStrong MS Excel and Word skills. OTHERDetail oriented and
organizedStrong desire to tackle new challenges and projects with
enthusiasmAbility to tolerate ambiguity Important Disclaimer
Notice: The job duties, elements, responsibilities, skills,
functions, experience, educational factors and the requirements and
conditions listed in this job description are representative only
and not exhaustive of the tasks that an employee may be required to
perform. Bay Federal Credit Union reserves the right to revise this
job description at any time and to require employees to perform
other tasks as circumstances or conditions of its business,
competitive considerations, or work environment change.
Keywords: Bay Federal Credit Union, Santa Cruz , Senior Financial Analyst, Professions , Santa Cruz, California
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