Financial Analyst - Budget

$78,312 - $78,312/Yr

Travis Credit Union - Vacaville, CA

posted 5 months ago

Full-time - Mid Level
Vacaville, CA
Credit Intermediation and Related Activities

About the position

The Travis Credit Union (TCU) Financial Analyst is responsible for developing and implementing analytics and reporting solutions for the Accounting & Finance division of the organization. This role is crucial in creating value for the organization by synthesizing data from multiple sources and collaborating with other departments to share insights regarding growth trends, profitability, potential efficiencies, and other knowledge that will help run the business more effectively. The Financial Analyst provides reporting and analytics focused on budgeting, asset-liability management modeling (ALM), interest rate risk, liquidity management, balance sheet allocation, profitability, product pricing methodologies, cost-benefit analysis, static pool tracking, dividend verification, deposit analytics, financial trends, and ad-hoc analysis. In addition, the Financial Analyst maintains and runs various financial analytical software systems and models, both in-house and third-party, including Prologue General Ledger, Vantage Budgeting, and others. This position involves reconciling financial data between systems and models to ensure consistent, detailed, and summary reporting to management and other end-users. The analyst monitors and measures risk in accordance with TCU's policies, coordinates data gathering for the annual budget, performs quarterly re-forecasts, evaluates budget scenarios versus historical data, and performs profitability analyses to ensure product offerings are appropriately priced. The role also includes responsibilities such as daily share and loan balancing, deposit analytics, quarterly peer analysis, and preparing reports for monthly ALCO and Board meetings. The Financial Analyst serves as a liaison to other departments and third-party software providers, determining methods and procedures on new assignments and coordinating activities of other personnel for projects.

Responsibilities

  • Develop and implement analytics and reporting solutions for the Accounting & Finance division.
  • Synthesize data from multiple sources and share insights with other departments.
  • Provide reporting and analytics focused on budgeting, ALM, interest rate risk, and liquidity management.
  • Maintain and run various financial analytical software systems and models.
  • Reconcile financial data between systems and models for consistent reporting.
  • Monitor and measure risk in accordance with TCU's policies.
  • Coordinate data gathering from each department for the annual budget.
  • Perform quarterly re-forecasts and evaluate budget scenarios versus historical data.
  • Conduct profitability analyses and develop pricing models for product offerings.
  • Prepare reports for monthly ALCO and Board meetings.

Requirements

  • Bachelor's degree in Finance, Accounting, Statistics, Data Analytics, Economics, Business, or related field.
  • Minimum 2 years finance-related work experience, preferably in the financial services or banking industry.
  • Thorough understanding of financial statements, budgeting, forecasting, and ALM.
  • Effective use of databases (Tableau, Power BI, or Oracle) using user interface and/or coding languages (e.g., SQL or DAX).
  • Strong analytical skills and ability to prioritize workload and manage multiple assignments.

Nice-to-haves

  • Master's degree in a related field without experience or equivalent related professional experience.
  • Advanced Excel skills including macro experience.
  • Experience with budgeting software and General Ledger packages.

Benefits

  • Health insurance
  • Dental insurance
  • Vision insurance
  • 401(k) matching
  • Employee performance incentive plan
  • Merit increases
  • Generous holiday and vacation policy
  • Employee loan and credit card discounts
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