Financial Analyst

ALEC Credit Union; Gurnee (IL); On-site; USD 65,000 - 85,000; Full time

Job summary

ALEC Credit Union in Illinois seeks a Financial Analyst to produce critical analyses that support financial reporting, ALCO modeling, budgeting and profitability analysis. The role requires interpreting data, maintaining ALM software, and delivering accurate monthly and ad-hoc reports for executives.

You will analyze financial information, prepare variance/forecast reports, and develop spreadsheets with charts to illustrate findings. Strong MS Office and GAAP knowledge are essential.

Qualifications

• Ability to analyze and interpret financial and accounting data and summarize for leadership.
• Experience with GAAP and financial reporting.
• Proficiency in Excel and data visualization tools.

Responsibilities

• Maintain ALM software and monthly reports for Board, ALCO, Senior Management and RC reports.
• Analyze financial information to produce variance and forecast reports.
• Assemble spreadsheets and draw charts and graphs to illustrate financial information.
• Interpret data affecting investment programs, such as price, yield, stability, future trends in investment risks, and economic influences.
• Assists in the budget and reforecast process and maintains budget systems.
• Research investment alternatives and make recommendations to CFO.

Skills

Financial analysis

MS Office

US GAAP

Data interpretation

Communication

Team collaboration

Education

High School Diploma or GED

Bachelor’s degree in Accounting, Finance or Business Administration

Tools

ALM software

Microsoft Excel

Job description

Job Description

Job Description

SUMMARY: Responsible for the production of critical financial analyses to support ALEC’s financial reporting, investment portfolio, Asset/Liability Management (ALCO) model, Budgeting and Profitability Analysis.

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
• Maintains confidentiality
• Performs responsibilities with composure, quality and accuracy under stress of deadlines/requirements

TRAVEL REQUIREMENTS: Up to 5% local and national travel to attend training, networking events and conferences

CORE VALUES:

• Maintain personal responsibility
• Make team-based decisions
• Deliver service excellence
• Possess a positive attitude
• Be ethical

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

• Occasionally required to stand and walk
• Continually required to sit, talk or hear and utilize hand and finger dexterity
• While performing the duties of this job, the noise level in the work environment is usually quiet
• The employee must occasionally lift and/or move up to 10 pounds
• Specific vision abilities required by this job include: close vision

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Company Description

ALEC is one of the largest credit unions in Illinois backed by the strength and stability of over one billion in assets. Every day, we work hard to prove our commitment to provide the very best financial products and services to more than 30,000 ALEC members. Setting the bar high is a proud tradition at ALEC that has resulted in the strong, loyal support of our members. We welcome bright, people-oriented professionals who want to build their career and help our credit union continue to expand its presence, offerings and the people it serves.

Company Description

ALEC is one of the largest credit unions in Illinois backed by the strength and stability of over one billion in assets. Every day, we work hard to prove our commitment to provide the very best financial products and services to more than 30,000 ALEC members. Setting the bar high is a proud tradition at ALEC that has resulted in the strong, loyal support of our members. We welcome bright, people-oriented professionals who want to build their career and help our credit union continue to expand its presence, offerings and the people it serves.