Data Specialist

First Mid-Illinois Bancshares-posted 3 months ago
Mid Level
Bloomington, IL
1,001-5,000 employees
Credit Intermediation and Related Activities
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The Data Specialist is responsible for analyze and interpret complex financial data to provide insights and support decision-making within the organization. You will work closely with various teams, including Finance, Risk Management, Marketing, Bank Operation, Wealth Management, Insurance, Human Resource, etc. to enhance data-driven strategies and optimize financial processes. The role involves extracting, cleaning, and analyzing large datasets to identify trends, patterns, and opportunities for improvement.

  • Gather data from various sources, including internal databases, external APIs, and 3rd party sources.
  • Ensure the accuracy, completeness, and reliability of financial data by validating and cleansing datasets.
  • Utilize statistical methods, and tools to analyze financial trends, performance, and risk factors.
  • Develop and implement quantitative models to evaluate financial metrics and forecast future performance.
  • Generate actionable insights through data visualization techniques, such as charts, graphs, and reports.
  • Build and maintain financial models to support budgeting, forecasting, and scenario analysis.
  • Conduct sensitivity analyses to assess the impact of various financial variables on business outcomes.
  • Identify potential financial risks and propose mitigation strategies.
  • Develop and maintain key performance indicators (KPIs) for financial performance evaluation.
  • Prepare regular reports and dashboards for stakeholders, summarizing financial insights and recommendations.
  • Work closely with cross-functional teams, including finance, accounting, and business operation, to understand their data needs and provide analytical support.
  • Collaborate with other IT teams to ensure data integrity, security, and efficient data processing.
  • Stay updated on industry trends, best practices, and emerging technologies in financial analytics.
  • Propose and implement process improvements to enhance the efficiency and effectiveness of financial data analysis.
  • Bachelor's degree or equivalent work experience.
  • 3+ years' experience as a data analyst in the financial services industry.
  • Proficiency in data visualization tools (e.g., Power BI)
  • Strong understanding of financial concepts, accounting principles, and regulatory requirements.
  • Familiarity with machine learning algorithms for predictive analytics.
  • Excellent analytical and problem-solving skills.
  • Effective communication skills to convey complex data insights to non-technical stakeholders.
  • Attention to detail and ability to work with large datasets.
  • Knowledge of financial modeling and forecasting techniques.
  • Competitive health, dental & vision coverage with HSA match
  • 401(k) with employer match + Employee Stock Purchase Plan
  • Generous PTO, paid holidays & parental leave
  • Tuition reimbursement & performance-based bonuses
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