Financial Analyst

Abbott Laboratories Employees Credit Union; Gurnee (IL); On-site; USD 56,000 - 93,000; Full time

Benefits offered by this job

Medical plan with no premiums

Competitive benefits package

Job summary

ALEC is seeking a Finance Analyst to maintain ALM software, prepare monthly reports, and support variance/forecast analyses. The role requires strong accounting knowledge and the ability to translate data into clear business insights.

The candidate will assemble financial models, monitor market developments, and contribute to budget and reforecast activities within a collaborative team environment.

Qualifications

• Able to analyze and interpret financial data and summarize for business leaders.
• Proficient in financial applications and Microsoft Office Suite.
• Demonstrates critical thinking and sound judgment.
• Knowledge of US GAAP and current debt markets.
• Ability to work independently and collaboratively.

Responsibilities

• Maintain ALM software and produce monthly reports (Board, ALCO, Senior Management, RC).
• Analyze financial information to produce variance and forecast reports.
• Assemble spreadsheets and create charts/graphs to illustrate financial data.
• Interpret data affecting investment programs (price, yield, risk, trends).
• Stay informed on developments in finance, economics and related theory.
• Monitor economic, industrial, and corporate developments from various sources.
• Assist in investment action plans based on financial analyses.
• Assist in budget and reforecast processes and maintain budget systems.
• Develop and distribute ad-hoc reports and financial models.
• Assist Accounting with correct application of GAAP.

Education

High School Diploma or GED

Bachelor's degree in Accounting, Finance or Business Administration

Tools

Microsoft Office Suite

Job description

Salary Range: $55,638.98 To $92,731.63 Annually

ALEC is one of the largest credit unions in Illinois and we foster a supportive and collaborative work environment, where employees are encouraged to grow both personally and professionally. We offer a comprehensive benefits package, which even includes a medical plan with no premiums taken from your paycheck. We can't wait to talk further with you about joining our team.

ESSENTIAL FUNCTIONS:

• Responsible for maintaining ALM software and ensuring accurate monthly reporting, including Board of Director, ALCO, Senior Management and Responsibility Center (RC) reports
• Analyzes financial information to produce variance and forecast reports
• Assembles spreadsheets and draws charts and graphs used to illustrate financial information
• Interprets data affecting investment programs, such as price, yield, stability, future trends in investment risks, and economic influences
• Maintains knowledge and stays abreast of developments in the fields of business, finance, and economic theory
• Monitors fundamental economic, industrial, and corporate developments through the analysis of information obtained from financial publications and services, investment banking firms, government agencies and trade publications
• Assists in the preparation of investment action plans based on financial analyses
• Researches investment alternatives and makes recommendations to CFO
• Assists in the budget and reforecast process
• Maintains budget systems and assembles reforecast information in the Budget system
• Evaluates profit and cost efficiencies in various areas of the organization as needed
• Develops, maintains and distributes ad-hoc reports and financial models as needed
• Assists Accounting with the proper application of GAAP
• Other duties as assigned

QUALIFICATIONS:

• Education Required: High School Diploma or equivalent (GED)
• Education Preferred: Bachelor's degree in Accounting, Finance or Business Administration
• Experience Required: Two (2) years of experience working in an Accounting or Finance position
• Experience Preferred: Three (3) years of experience working in an Accounting or Finance position within a financial institution
• Knowledge, Skills and Abilities (KSAs):
• Ability to analyze and interpret financial and accounting data and summarize in a manner which can be communicated to the business leaders in an efficient manner.
• Financial analysis capability using financial and/or accounting applications and the Microsoft Office Suite
• Capable of using critical thinking skills and judgment when making decisions
• General knowledge of current financial debt markets
• Knowledge of US GAAP
• Ability to perform job functions independently
• Ability to work as part of a team
• Ability to verbally communicate effectively with internal and/or external members
• Ability to use computers and job-specific technology/software efficiently
• Performs responsibilities with composure, quality and accuracy under stress of deadlines/requirements

The base pay for this position is $55.638.98 to $92,731.63 per year. In specific locations, the pay range may vary from the range posted.