Senior Financial Analyst- ALM
Interra Credit Union in
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Benefits offered by this job
Job summary
Interra Credit Union in Goshen, Indiana, seeks a Senior Financial Analyst to deliver data-driven financial analysis, long-range forecasting, and strategic planning to support executive decision-making. You will help manage ALM, pricing strategies, and budgeting in a collaborative, policy-driven environment.
The role emphasizes investment oversight, profitability analysis, and cross-functional coordination with finance and management teams to drive margins and growth while maintaining compliance
Qualifications
- 8+ years of financial analysis experience in the financial industry, including ALM model experience.
- Bachelor's degree in Accounting, Finance, Economics, or related field; Bloomberg Certification preferred; valid driver's license.
- Experience with asset liability management and capital markets is preferred.
Responsibilities
- Provide in-depth financial analysis, forecasting, and planning to support strategic decisions.
- Oversee investment strategy and monthly/annual forecasting for business units.
- Analyze loan and deposit pricing and profitability; build pricing models and dashboards.
- Lead projects and ad hoc analyses; present findings to senior management.
- Coordinate annual budget and provide management reporting infrastructure updates.
- Ensure compliance with policies and regulatory requirements.
Skills
Education
Tools
Job description
As a Senior Financial Analyst, you will be responsible for providing in-depth data driven financial analysis and long-range forecasting and planning of the Credit Union. Responsible for supporting the Finance Manager with deriving meaningful insights from historical performance data to drive effective decision making. Provide highly specialized financial consulting, conducts product pricing analysis and recommendations, and identifies key performance metrics and success factors. Accountable for reviewing, analyzing, and recommending the day-to-day investment and wholesale funding portfolio activities, execute the annual budget process, provide analysis to executive management, and lead both deposit and loan pricing committees. Provide analysis and recommendations that drive margin and profitability. This position is responsible for ensuring compliance with pertinent Credit Union policies.
Direct Reports: None
25%Provide financial, analytical, and forecasting expertise to drive data driven decision making. Provide strategic balance sheet management recommendations to management through ongoing forecasting and Asset Liability Management analysis. Develop and maintain ongoing risk return analysis guidelines to drive margin related balance sheet decisions. Develop financial analytical and forecasting models to predict results of business initiatives. Develop specialized analytical tools to facilitate valuation analysis or to solve business problems. Understand the whole financial function and the key business areas supported. Develop and maintain an ongoing model monitoring and governance policy in coordination with the Manager Finance. Ensure all requirements in the policy are being met. Evaluate and manage the interest rate risk position of the Credit Union utilizing advanced tools such as derivatives. Coordinate and assist with the Manager Finance to ensure that annual stress testing and scenario analysis are complete.
25%Oversee and execute the credit union's investment strategy, utilizing Bloomberg, within the investment policy guidelines established by the Asset Liability Committee considering forecasted liquidity needs, liquidity risks, capital constraints and strategic initiatives. Support junior level analysts with coordinating monthly and quarterly forecasts in addition to the annual planning process for assigned business units. Assist junior level analyst staff with developing insightful and standard reporting that will guide decision making at the executive level. Responsible for annual updates to management reporting infrastructure cost allocations and monthly allocation processing.
20%Analysis and interpretation of loan and deposit product pricing and profitability. Formulate recommendations to management for discussion in loan and deposit pricing. Develop and maintain loan pricing model/software to ensure accurate pricing output information. Ensure that data and reporting supplied in committee meetings relevant and drives discussion for decision making. Ensure product pricing is within the scope of the Credit Union's product pricing strategies through complex modeling and analysis. Ensure that pricing strategies align with strategic initiatives.
15%Lead various financial projects and ad hoc analysis support relating to expenses and large vendor payments. Develop integrated models, projections, reports, and presentations that concisely identify costs/benefits and risk. Create and analyze monthly, quarterly, and annual reports and ensures financial information has been recorded accurately. Handle complex and high-level financial analysis, supporting the junior level analysts in assigned ad hoc projects and analysis. Present and discuss analysis with senior management. Utilize back testing results from ad hoc analysis to drive efficiencies and process improvements for future analysis.
15%Prepares and reviews the annual forecast/budgeting process from initiation to Board approval for their area of responsibility. Maintain confidentiality of all pertinent information, securing sensitive information. Provides recommendations and analysis for use by senior managers and executives to evaluate their businesses, including industry benchmarking. Assist with various projects to include the annual budget process. Provide analysis and recommendations to both deposit and loan pricing committees to support an appropriate level of gross margin while maintain relevancy in the competitive markets.
--Must comply with all company policies and procedures, applicable laws, and regulations, including but not limited to, the Bank Secrecy Act, the USA PATRIOT Act, and the Office of Foreign Assets Control, in addition to all Interra policies.
8+ years' financial analysis experience within the financial industry to include experience running an Asset Liability Management Model such as FPS, QRM, Empyrean, or similar required, and exposure to capital markets preferred.
This level of knowledge is acquired through completion of a required Bachelor's degree in Accounting, Finance, Economics, or related field. A Bloomberg Certification is preferred. Must have and maintain a valid driver's license.
- Excellent decision making, analytical and investigative abilities with attention to detail and accuracy.
- Ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust.
- Professional level of verbal and written communication skills are essential to the position.
- Ability to evaluate pros and cons, risks, and benefits of different solution options by asking the right questions and acquiring data from multiple and diverse sources when solving problems.
- Strong organization and prioritization skills, and problem-solving skills.
- Advanced proficiency in Microsoft Office (Outlook, Word, Excel, PowerPoint).
- Advanced knowledge of Credit Union regulations, products, policies, procedures, and services.
- Highly disciplined individual, self-motivated and results oriented.
- Ability to deal with highly confidential information in a professional manner.
- Must be able to work in a team environment with the ability to interact in a positive manner with peers, management, and other departments along with mentorship and organizational skills.
- Ability to provide world class member service while executing Interra's vision, mission, and delivery of Core Values.
- A significant level of trust, credibility and diplomacy is required.
- In-depth dialogues, conversations and explanations with members, direct and indirect reports and outside vendors can be of a sensitive and/or highly confidential nature.
- Communications may involve motivating, influencing, educating and/or advising others on matters of significance.
Utilizes a variety of communication modalities effectively and appropriately across multiple channels. Is effective in a variety of communication settings: one-on-one, small, and large groups, or among diverse styles and position levels. Adjusts to fit the message to the audience. Provides timely and helpful information to others across the organization.
Possesses a sufficient level of technical and professional skill or knowledge in position-related areas; keeps up with current developments and trends in areas of expertise; actively seeks ways to grow and be challenged using both formal and informal development activities.
Is widely trusted; is seen as a direct, truthful individual; has credibility within their areas of expertise; keeps confidences; doesn't misrepresent themselves for personal gain.
Makes sense of complex information, processes, and activities to effectively solve problems. Defines situations accurately before determining problems and formulating approaches to solutions; is able to accomplish complex tasks with minimal guidance or instruction.
Sets priorities and defines actions, time, and resources needed to achieve predefined goals. Stages activities with relevant milestones and schedules. Anticipates and adjusts with effective contingency plans.
Effective team player who adds complementary skills and contributes valuable ideas, opinions and feedback; communicates in an open and candid manner and can be counted upon to fulfill any commitments made to others on the team.
- Able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs.
- Must be capable of climbing / descending stairs in an emergency situation.
- Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators.
- Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary.
- Must be able to work extended hours or travel off site whenever required or requested by management.
- Must be capable of regular, reliable, and timely attendance.
- Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.
- Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team.
- Must be able to read and carry out various written instructions and follow oral instructions.
- Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics.
- Must be able to speak clearly and deliver information in a logical and understandable sequence.
- Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public.
- Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace.
- Must be able to effectively handle multiple, simultaneous, and changing priorities.
- Must be capable of exercising highest level of discretion on both internal and external confidential matters.
Nothing in the position 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. This Job description is not a contract and should not be constructed as a guarantee of employment for any period of time. Interra Credit Union is an Equal Opportunity Employer and does not discriminate against employees or applicants based on race color, religion, sex/gender, national origin, disability, age, or any other category protected by law.
Interra is an equal opportunity and affirmative action employer committed to creating a diverse workforce.
Qualified applicants will receive consideration without regard to their race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran among other factors.
Interra Credit Union invites all qualified and interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity, please contact HR@interracu.com and one of our Human Resources Consultants will contact you within 48 hours.
Culture: We believe that a positive work environment is key to success. Staying engaged, informed, and keeping it fun, is how we achieve this.Professional Growth: Our Learning and Development Team not only provide day 1 training but continuous improvement and career development for all levels.Competitive Salary: Attractive compensation package with performance-based incentives and bonuses.Benefits: Comprehensive health insurance, 401(k) matching, tuition reimbursement, company holidays, and generous PTO.Community Involvement: Being an active member in communities that we are a part of is important to us. We live here, work here and stay involved here! Visit our Opportunities page for more information.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.Finance
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