Salary Grade: Exempt Reports To: Chief Financial Officer
Department: Finance # Supervised Staff: 0
Mobile Device Eligible: Yes Laptop Cell Phone
The Senior Financial Analyst is responsible for executing WFCU’s financial forecasting, planning and analysis functions, the purpose of which is to steer the credit union toward its Vision and Strategic Priorities using accurate, data based, decision-making models. They are also responsible for maintaining WFCU’s asset liability management, liquidity management, and investment programs, the purpose of which is to support financial security of the credit union and increase member value.
Financial Reporting and Analysis:
Work closely with the Accounting department to prepare accurate and timely financial reports, including financial forecasts, on a monthly basis.
Conduct comprehensive financial analyses to identify trends, opportunities, and areas for improvement. Present findings to the CFO and/or other members of the Executive Leadership Team, providing valuable insights and recommendations.
Prepare and develop ALCO, Board, and Investment Committee report packages and meeting content, including peer and scenario analyses.
Asset Liability Management:
Prepare data files for quarterly ALM Report as required by the credit union’s ALM consultants.
Work with ALM consultants to design “what-if” ALM scenarios to better mitigate the credit union’s interest rate and liquidity risks.
Evaluate quarterly ALM Reports for accuracy and reasonableness. Work with ALM consultants to resolve any material discrepancies.
Budgeting and Forecasting:
Collaborate with department heads to develop annual budgets and long-term financial forecasts that align with the credit union's strategic objectives.
Assist department heads in monitoring and tracking budget performance regularly, identifying any material discrepancies and recommending corrective actions when necessary.
Assess the financial implications of proposed projects, initiatives and marketing campaigns, assisting with cost-benefit analysis to support decision-making. Assist department heads with evaluating the financial success of these items post-implementation.
Investment Management:
Assist the Investment Committee in overseeing the credit union's investment portfolio, ensuring it aligns with the credit union's risk tolerance and financial goals.
Analyze investment strategies, as needed, and evaluate if an action should be executed in order to optimize total returns while mitigating risks appropriately.
Cash Management & Liquidity:
Monitor liquidity levels and cash flow projections to ensure the credit union maintains sufficient funds for daily operations and unexpected contingencies.
Implement liquidity management functions, including analysis and reporting, policy and regulatory compliance, forecasting and stress testing, and short term investing.
Finance deliverables are accurate, reliable, and are delivered by established deadlines.
Budgets and other financial projections are developed and managed effectively.
Projects, priorities, and goals are executed in a timely, efficient, and effective manner while adhering to department and WFCU processes and procedures.
A system of appropriate internal controls is in place and followed in order for the users to rely on the financial information.
Provide extraordinary service and maintain high degree of responsiveness among internal partners and peers.
All activities are efficiently conducted, free of material errors, and are completed following the appropriate policies, procedures, operational controls, and compliance controls.
Losses, errors, and risks are controlled and mitigated by adhering to all applicable policies and procedures.
The Finance Department operates efficiently, under appropriate operating controls and is compliant with applicable state and federal laws/regulations.
Specialized or Technical Knowledge and Skills: The Senior Financial Analyst must be experienced in financial analysis and analytical knowledge in the financial industry; including interpreting financial data and presenting results to the executives of the credit union. In addition:
A Bachelor’s Degree in Accounting, Finance, Business Analytics, or related field is required.
Two years of accounting or finance experience in a Financial Institution is required.
Advanced MS Office skills are required. Expert level Excel skills are required.
Ability to understand complex data, their relationships and define solutions is required. Experience in SQL and skilled in querying, reporting and data visualization tools is preferred.
Experience building annual operating plans, budgets, and forecasting is required.
Demonstrated ability to analyze, reason, problem solve, and willingness to learn new concepts, methods and technologies.
Exceptional verbal and written communication skills, including skills in a collaborative capacity which will influence the effectiveness in which task are executed.
Exceptional skills in creating reports and recommendations for the ALCO, the Executive Leadership Team, and the Management Team as required.
Demonstrated ability to work with detail while meeting daily, weekly and monthly deadlines.
Ability to use analytical and independent judgment for process improvements and problem resolution.
Demonstrated attention to detail in a fastpaced environment and the ability to self-manage and prioritize multiple projects simultaneously to drive results.
Behavioral Competencies: Behavioral competencies are the skills and personal characteristics that an individual should possess in order to be successful in this position.
Core Competencies: Core competencies are consistent for all positions across the organization and are aligned with WFCU’s core values.
Member Focus (internal and external): Builds member confidence, is committed to increasing member satisfaction, sets achievable member expectations, assumes responsibility for solving member problems, ensures commitments to members are met and responds to internal members.
Dependability: Meets commitments, works independently, accepts accountability, handles change, sets personal standards, stays focused under pressure, meets attendance/punctuality requirements.
Integrity/Ethics: Deals with others in a straightforward and honest manner, is accountable for actions, maintains confidentiality, supports company values, conveys good news and bad.
Job Specific Competencies: The position requires a well-rounded and level-headed individual who is able to maintain composure in a variety of situations. The following stand out among a long list of behavioral competencies for this position:
Job Knowledge: Understands duties and responsibilities, has necessary job knowledge, has necessary technical skills, understands the credit union’s mission/values, keeps job knowledge current, is in command of critical issues.
Productivity: Manages a fair workload, volunteers for additional work, prioritizes tasks, develops good work procedures, manages time well, handles information flow.
Quality: Is attentive to detail and accuracy, is committed to excellence, looks for improvements continuously, monitors quality levels, finds root cause of quality problems, owns/acts on quality problems.
Interpersonal Skills: Has good listening skills, builds strong relationships, is flexible/open-minded, negotiates effectively, solicits performance feedback and handles constructive criticism.
Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand; walk; sit and talk or hear. The employee must occasionally lift and/or move up to 10 pounds.
Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The worker is not substantially exposed to adverse environmental conditions. The noise level in the work environment is usually moderate.
WEOKIE does not and shall not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations. These activities include, but are not limited to, hiring of staff, selection of volunteers and vendors, and provision of services. We are committed to providing an inclusive and welcoming environment for all our members, our staff, clients, volunteers, subcontractors, vendors, and clients.
Equal Opportunity Employer, including disability/protected veterans
