Financial Reporting Analyst

Advancial Federal Credit Union; Dallas (TX); On-site; USD 60,000 - 85,000; Full time

Job summary

A leading financial institution is seeking a Financial Reporting Analyst in Dallas, Texas. This position is crucial for analyzing financial data, preparing budgets, and ensuring compliance with accounting standards. Candidates should be detail-oriented and possess a Bachelor's degree in Finance or Accounting, along with relevant experience in financial analysis and reporting software. Flexibility for month-end reporting is essential.

Qualifications

• Two years of experience in a Finance position.
• Minimum three years experience using Excel including pivot tables, graphs and charts.
• Demonstrated experience using financial reporting and budget software.

Responsibilities

• Analyzing financial data to ensure accurate reporting.
• Preparing budgets and analyzing risk using asset-liability management.
• Producing variance analysis and maintaining monthly financial statements.

Skills

Excel

Analytical Skills

Problem Solving

Organizational Skills

Education

Bachelor's degree in Finance or Accounting

Tools

Prophix Budget Software

Moody’s ALM

Microsoft Great Plains

Management Reporter

Job description

SUMMARY

The Financial Reporting Analyst is responsible for analyzing, interpreting and understanding financial data to ensure accurate reporting for internal stakeholders. The position will assist in the preparation of budgets for the credit union and the credit union’s subsidiaries, and assist in analyzing risk through use of asset-liability management systems.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. In addition, other duties may be requested/assigned.

Establishes and reviews monthly financial statements and ensures compliance with accounting standards and regulations.

Produces accurate variance analysis to understand actuals to budget and trend analysis. Provides variance feedback as needed.

Evaluates and maintains the reporting schedule and deliverables across all finance and accounting to ensure accurate, timely and organized reporting. This may require evening and weekend flexibility during month end to meet the ALCO and Board of Directors reporting timeline schedule.

Quarterly gathers risk analysis using the asset-liability management model. Creates various interest rate scenarios in our asset-liability management model after the standard up and down 300 bps rates models are complete.

Creates in-depth cause and effect analysis on a variety of complex financial issues to include, but not limited to, maintaining and enhancing financial reports in various systems for new general ledger accounts.

Evaluates and maintains branch profitability reporting, including removing and adding branch locations.

Creates and maintains the daily cash management; reviews liquidity position. Prepares a worksheet indicating anticipated cash flows and outflows to be used in determining borrowing/investing requirements.

Prepares monthly Tiered Loans Analysis (Tiered Lending Report), in addition to other analytical financial modeling, statistical, and operational analysis.

Assists in the preparation of the annual budget and capital planning process; includes preparation of various ad-hoc reports to provide in-sight into the budget.

Develops procedures relating to areas of responsibility.

Performs special assignments requested by the AVP-Finance

Maintain an understanding and competency with respect to software and other systems required to perform the duties of the position.

This position may require flexible work hours during themonth end, which may include evenings and weekends at times through the month.

EDUCATION and/or EXPERIENCE

Bachelor's degree (B.S.) from four-year College or university in either Finance or Accounting.

Two years of experience in a Finance position, including experience in month-end reporting, budgeting, and financial analysis.

A minimum of three years’ experience using Excel; including pivot tables, graphs and charts.

Must be willing to occasionally work a flexible work schedule to meet important deadlines.

OTHER KNOWLEDGE, SKILLS AND ABILITIES

Demonstrated experience using financial reporting software and tools as well as budget software to include but not limited to Prophix Budget Software, Moody’s ALM, and Microsoft Great Plains and Management Reporter.

Demonstrated experience building financial models

Excellent organizational skills and attention to detail.

Adaptability and flexibility in use of analytical approaches pertaining to financial issues.

Thorough understanding of generally accepted auditing standards.

Thorough understanding of generally accepted accounting principles (GAAP).

Strong analytical and problem–solving skills. Advanced aptitude in problem solving, including the ability to logically structure an appropriate analytical framework.

Working knowledge of computer equipment and software required, including Microsoft Office Suite.

An understanding of state and federal laws.

Fosters a positive culture throughout the organization. Promotes respect and harmonious relations among accounting staff and with departments throughout the organization.

Ensures positive relationships with the branches, internal departments and external partners. Maintains a positive and caring atmosphere for members and employees consistent with the Credit Union's mission and philosophy.

Must be flexible to work hours to achieve month-end deadlines, which may require occasional evening and weekends hours during the month end close