Senior Financial Analyst
Company: Bay Federal Credit Union
Location: Santa Cruz
Posted on: January 18, 2023
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Job Description:
What we're looking for: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.What you'll
do:Helps lead 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.Who you are:Bachelor'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.Why
work for us:Positive and fun work cultureRated #1 Credit Union to
Work For by CU JournalBest Places to Work in the Bay Area (SF
Business Times/Silicon Valley Journal)Benefits - Medical, Dental,
Vision and more401k Matching - $1 for $1 company match up to 5% of
payEligibility to participate in annual bonus planPaid vacations
and holidaysEmployee Assistance Program that supports 6
face-to-face sessions per person, per reason, for you and your
householdWe invest in your professional growth & developmentOur
hybrid with flexibility approach combines the flexibility of remote
working with the benefits of in-person, quarterly collaboration and
all staff meetingsA wellness program that supports your physical,
financial, and emotional healthBay Federal is proud to offer a
competitive, robust compensation and benefits package. Bay Federal
considers many factors in determining base pay such as experience,
education/training, internal peer equity, job location, and other
business considerations when extending an offer. For Santa Cruz, CA
only, the pay scale Bay Federal reasonably expects to pay for this
position is $92k to $115k. Salaries are based on the geographic
location in which you live if working remotely.Bay Federal provides
health care benefits, life and disability insurance, paid holidays
and 401k with a company match to eligible employees; along with
employee paid voluntary benefits. Paid time off is accrued per
paycheck for eligible employees at a rate based on your tenure.
Leaves of absences are available in adherence with state and
federal regulations.Bay Federal is committed to providing equal
employment opportunity for all persons regardless of age,
disability, national origin, race, color, religion, sex, sexual
orientation, gender, gender identity or expression, pregnancy,
veteran or military status, marital and civil partnership/union
status, alienage or citizenship status, creed, genetic information
or any other status protected by applicable federal, state, or
local law.
Keywords: Bay Federal Credit Union, Santa Cruz , Senior Financial Analyst, Professions , Santa Cruz, California
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