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Senior Financial Analyst

Company: Education First FCU
Location: Beaumont
Posted on: January 16, 2022

Job Description:

The Senior Financial Analyst provides support and analysis of yield, expense variance, account reconciliation, forecasting, call report andfinancials. Utilizes linear programming and spreadsheet models to provide management with product costanalysis, and other optimization related information. Prepare forecasts and analyzes trends in finance, lending,and other related areas.Responsibilities and Duties of the Senior Financial Analyst:

Utilizes database models and compiles data from various internal and external sources to develop recommendations and assist reporting function. Provides management with regular forecasts based on trends and statistical models.
Works closely with finance, accounting, and business units to develop industry best practices in the ALM, liquidity risk management, and stress testing fields.
Validate data input, assumptions, results of income simulations and market value models to ensure outputs and analytics are reasonable. Support ALM model with back testing, sensitivity analysis and ongoing monitoring and documentation in accordance with best practices and internal procedures.
Development and documentation of model assumptions, review and validation of model results, production of ALM reports and presentation of results to management.
Works under constraints defined in Federal regulations and established by credit union policy. Keeps abreast of new and existing NCUA regulations.
Assists with the management of investment portfolio positions, to include periodic reviews due from broker and municipal credit revenues.
Maintains and help improve liquidity risk management and stress testing models including documentation.
Assists with preparation of ALCO and other management reports.
Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.


Qualifications and Skills

5+ years of experience with various financial instruments required; or equivalent combination of education and experience.
General understanding of interest rate risk, liquidity risk, and approaches to quantifying and modeling these risks required, including knowledge of financial market instruments and regulatory requirements for financial institutions.
Experience with quantitative models used for forecasting or ALM and liquidity risk management preferred.

EDUCATION/CERTIFICATIONS/LICENSES

Bachelor's degree (B. A.) in Finance, Accounting, or Economics

Other Skills

Knowledge of accounting principles generally accepted in the United States of America, basic characteristics of financial assets and liabilities, and basic statistical analysis.
Ability to work standard personal computers (including peripheral equipment), ten-key calculator, typing 30-40 words per minute, view a computer terminal for varying periods of time, and to learn and retain the proper use of office equipment, including facsimile machines and photocopies.
Must be able to work with various PC software.
Strong ability to read, analyze and interpret financial reports and legal documents; performs complex calculations; effectively researches, analyzes and evaluates information to make decisions, solve problems and achieve goals; strong project management skills desired. Experience with Symitar Profit Stars is highly desirable.



Starting salary $63,650, in addition to health, dental, vision insurances and 401(k)PI160812269

Keywords: Education First FCU, Beaumont , Senior Financial Analyst, Professions , Beaumont, Texas

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