Financial Analyst: Growth in Forecasting, ALM & CECL

Socket.dev; Waterford (CT); On-site; USD 65,000 - 90,000; Full time

Job summary

Socket.dev is seeking a Financial Analyst to support the Credit Union’s Finance and Accounting functions under the AVP Financial Controller. You will assist with financial reporting, budgeting, forecasting, ALM, and CECL analyses, progressing through progressively broader assignments.

This developmental role emphasizes learning, data preparation, and documentation, enabling the Controller to focus on strategic financial management and organizational initiatives.

Qualifications

• Bachelor’s degree in accounting, finance, economics, business administration, or related field (or equivalent).
• 1–3 years of experience in finance, accounting, banking, credit unions, or related analytical role preferred.
• Proficiency in Microsoft Excel; ability to organize data, perform calculations, identify trends, and prepare clear reports.
• Experience with financial institution reporting, budgeting, forecasting, or financial modeling beneficial but not required.

Responsibilities

• Prepare recurring financial reports, schedules, and supporting documentation for management and Board reporting.
• Compile, validate, and analyze financial data; identify trends and variances for review by the Controller.
• Assist with financial modeling, profitability analysis, ROI analysis, forecasts, and other financial studies.
• Support ad hoc financial analysis and special projects as assigned.
• Support the annual budget process and ongoing financial forecasting activities.
• Maintain budget and forecast schedules, assumptions, model inputs, and supporting documentation.
• Assist with monitoring financial performance against budget and forecast expectations.
• Maintain and validate data for asset/liability management and liquidity.
• Assist with rate shock, liquidity, forecasting, pricing, sensitivity, and scenario analysis reporting.
• Prepare schedules and reports used to monitor liquidity, interest rate risk, and balance sheet performance.
• Support investment portfolio reporting and coordination with brokers/advisors/vendors.
• Assist with CECL reserve analysis, data validation, and supporting schedules.
• Perform recurring operational finance activities, including reconciliations and data management.
• Assist with audit/regulatory/board reporting requests.

Skills

Financial analysis

Excel proficiency

Data visualization

Budgeting and forecasting

Financial modeling

Attention to detail

Communication

Education

Bachelor's degree in accounting, finance, economics, business administration, or related field

1–3 years of experience in finance/accounting/analytical role

Tools

Microsoft Excel

Financial reporting software

Job description

Socket.dev is seeking a Financial Analyst to support the Credit Union’s Finance and Accounting functions under the AVP Financial Controller. You will assist with financial reporting, budgeting, forecasting, ALM, and CECL analyses, progressing through progressively broader assignments.

This developmental role emphasizes learning, data preparation, and documentation, enabling the Controller to focus on strategic financial management and organizational initiatives.