Financial Analyst

$57,000 - $69,000/Yr

SCU Credit Union - Sharon, MA

Full-time - Entry Level

Sharon, MA

About the position

The Financial Analyst position at SCU Credit Union involves assisting in the preparation, coordination, and documentation of financial analysis and reporting projects under the general direction of the Controller. The role provides analytical support for forward-looking financial and business-related projects, including the preparation of forecasts and analysis of balance sheet trends, as well as management and regulatory reporting.

Responsibilities

• Gather data and perform analyses in support of the production of balance sheet and net interest income forecasts and related liquidity and interest rate risk.
• Coordinate asset/liability management processes including interest rate risk and liquidity modeling and Asset/Liability Committee (ALCO) reports.
• Prepare rolling cash forecasts to support the management of daily cash position in adherence to policy and balance sheet strategy.
• Assist in management of the credit union's investment portfolio including pre-purchase analysis, accounting, and management/regulatory reporting.
• Maintain and update Current Expected Credit Loss (CECL) model in coordination with lending staff, documenting reasons for impact on the overall allowance.
• Analyze the credit union's operating budget monthly and provide reports to management identifying key variances to budget and historical trend.
• Analyze current and past financial data in comparison with peers and report findings to management.
• Perform profitability analyses for existing and new products and services.
• Support marketing and business segment efforts to monitor and manage member, branch, and business segment profitability.
• Generate various financial and regulatory reports pertaining to the credit union's investment portfolio, overall budget and financial performance on a daily, monthly and quarterly basis.
• Keep abreast of accounting, regulatory, tax, audit and industry developments and assess their impact on accounting and financial management operations.

Requirements

• Bachelor's degree in business, accounting or finance or equivalent specialized coursework and training
• At least 2 years of experience with financial reporting and analysis
• Advanced Excel skills
• Solid analytical, problem solving and organizational skills
• Excellent attention to detail
• Demonstrated ability to work independently and meet deadlines
• Experience with Fiserv Prologue Financials is preferred