Logix Federal Credit Union - Santa Clarita, CA
posted about 2 months ago
The Financial Analyst III at Logix Federal Credit Union plays a crucial role in performing comprehensive financial analysis and providing assistance with various projects. This includes evaluating product and branch profitability, conducting profitability analyses for potential new products and services, and engaging in budget variance analysis and budget planning. The analyst is also responsible for asset liability management (ALM) modeling and reporting, as well as conducting ad-hoc analyses that support the preparation of accounting and financial statements, records, and reports. In this position, the Financial Analyst III prepares detailed financial reports, including those for the Asset Liability Committee (ALCO), ALM, and other ad-hoc reports. The role requires identifying and analyzing trends through statistical analysis and mathematical modeling, as well as performing profit and loss analyses at both the loan/deposit product level and the organizational level. The analyst manages the monthly Funds Transfer Pricing (FTP) process and prepares various studies, reports, and analyses related to budgets, forecasts, financial plans, and cash flow projections, which are essential for executive and board-level decision-making. Additionally, the Financial Analyst III makes strategic recommendations to management regarding cost-saving or profit-generating opportunities and pricing strategies for various products and services. The role involves maintaining financial modeling systems, reviewing analyses produced by these systems, and creating desktop procedures for critical tasks. The analyst also participates in special studies and surveys, providing insights and recommendations for financial policies, pricing, profitability, and process improvements. This position requires a strong understanding of financial implications related to policies, governmental legislation, and member financial regulations, and may involve representing finance management in meetings with internal and external organizations.