Financial Analyst

ALEC Credit Union; Illinois; On-site; USD 70,000 - 95,000; Full time

Job summary

ALEC Credit Union is seeking a qualified financial professional to produce critical analyses for financial reporting, budgeting and profitability analysis in Illinois. You will maintain ALM software, prepare variance/forecast reports, and assist with the budget/reforecast process while applying US GAAP and collaborating with leadership.

The role emphasizes analytical rigor, accuracy under deadline pressure, and the ability to communicate findings to executives and business leaders.

Qualifications

• Education: High School Diploma or GED required.
• Bachelor's degree in Accounting, Finance or Business Administration preferred.
• Two years of accounting/finance experience required.
• Three years of experience in a financial institution preferred.

Responsibilities

• Produce variance and forecast reports.
• Maintain ALM software and monthly reporting for Board, ALCO, Senior Management and RC reports.
• Assemble spreadsheets and create charts/graphs of financial information.
• Interpret data related to investment programs, prices, yield and risks.
• Assist in budgeting and reforecast processes and GAAP application.

Skills

Financial analysis

MS Excel

Communication

Teamwork

Confidentiality

Education

High School Diploma or GED

Bachelor's degree in Accounting, Finance or Business Administration

Tools

Microsoft Office Suite

Job description

Job Description

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):

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 respo