Senior Financial Analyst

Company: Bay Federal Credit Union
Location: Santa Cruz
Posted on: January 18, 2023

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