Financial Analyst III

$87,429 - $135,515/Yr

Logix Federal Credit Union - Santa Clarita, CA

Full-time - Mid Level

Santa Clarita, CA

Credit Intermediation and Related Activities

About the position

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.

Responsibilities

• Prepares financial reports including ALCO (Asset Liability Committee), ALM and ad-hoc reports.
• Identifies and analyzes trends using statistical analysis and mathematical modeling.
• Performs ad-hoc profit/loss analyses at the loan/deposit product level and organizational level.
• Manages the monthly Funds Transfer Pricing (FTP) process.
• Prepares studies, reports, and analyses in areas such as budgets, forecasts, financial plans, governmental requirements, statistical reports, cash flow projections, business forecasts, and variance analysis for executive and board-level decision-making.
• Makes recommendations to the management regarding cost saving or profit generating opportunities and strategies.
• Makes recommendations to management regarding pricing for various products and services.
• Performs documentation and routine maintenance of financial modeling systems, including asset-liability, forecasting, budget & planning, branch & product profitability and channel & member profitability.
• Reviews analysis produced by these systems and makes recommendations to management regarding data input & enhancements.
• Creates & maintains desktop procedures for financial modeling systems and critical tasks.
• Participates in special studies and surveys; summarizes and analyzes potential financial decisions and prepares recommendations for policy, pricing, profitability, process, control, and/or action.
• Performs pro-forma analysis on new business opportunities for the Credit Union, including branch deployment strategies.
• Calculates Credit Union/Banking key metrics and ratios.
• Performs interest rate sensitivity analysis to forecast the impact of market interest rates and the economy on Credit Union earnings.
• Participates and contributes in Credit Union ALCO committee meetings.
• Provides financial implications of financial policies, governmental legislation, accounting theory or member financial regulations.
• May represent finance management in meetings with internal & external organizations, to find solutions, & implement new methods or processes.
• Performs cash management and supports investment portfolio activities, including auditing cash management, investment portfolio functions and associated reporting on the direction of these assets.

Requirements

• Bachelor's degree in finance, economics, mathematics or related fields from a four-year college or university.
• At least 4-6 years of applicable financial/analytical experience.
• Minimum 3 years of ALM, risk management, valuation or other applicable treasury experience at a financial institution.
• Advanced knowledge of financial and accounting theory, principles and practices as would normally be obtained through a bachelor's degree program in finance.
• Ability to independently and efficiently prepare complex ad-hoc financial analyses for senior management with a high degree of accuracy, under general supervision.
• Knowledge of asset/liability management and investments, budgets, cost accounting, and other financial analyses.
• Strong presentation skills in PowerPoint, with the ability to visualize complex analyses in a straightforward manner for Credit Union executives and board members.
• Thorough working knowledge, understanding, and experience calculating & interpreting credit union/banking key metrics, ratios, and trends.
• Advanced Excel experience using SUMIFS/COUNTIFS/Index & Match formulas; usage of macros in VBA, pivot tables & statistical functions is preferred.
• Thorough working knowledge, understanding & experience with ALM software.
• Ability to interpret financial & general ledger data.
• Experience with 'big data' mining and its use for bank balance sheet modeling preferred.

Nice-to-haves

• Master's degree (MBA, CFA or graduate degree in a quantitative discipline is preferred).
• Experience with financial modeling systems.
• Experience in a credit union or banking environment.