Financial Analyst I

GECU Federal Credit Union•El Paso, TX

About The Position

The Financial Analyst I works under direct supervision, applying accounting principles to analyze financial information and prepare financial reports. The role supports analysis of assets, liabilities, and capital; preparation of financial statements and supporting reports; rate-of-return and performance analyses; general ledger and corporate investment accounting; fixed asset and prepaid expense accounting; regulatory reporting; and account reconciliations. The analyst also assists with projects for new products and initiatives, communicates with software vendors, and supports internal and external audits and examinations. The position requires compliance with GECU policies, procedures, and applicable regulations, including Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Member Identification Program (MIP), and Office of Foreign Asset Control (OFAC) requirements. Providing quality service to members and coworkers with respect and courtesy is the primary responsibility. Other duties may be assigned in connection with the general operation of the credit union. Availability is Monday through Friday, 8:00 a.m. to 5:00 p.m., with Saturday availability as needed. The schedule may be adjusted to meet department and membership needs.

Requirements

Bachelor’s degree in Accounting or equivalent.
Three years of similar or related experience.
Detailed knowledge of credit union procedures for maintaining member records, transaction flows through the data processing system, and regulatory requirements.
Knowledge of credit union products and services.
Detailed knowledge of accounting principles and procedures.
Strong PC skills, including word processing and spreadsheet software, and familiarity with data analysis and accounting software.
Excellent analytical and troubleshooting skills.
Effective verbal and written communication skills, including the ability to understand and express appropriate levels of urgency.
Ability to work under pressure, meet deadlines, and maintain precision and accuracy.
Good judgment skills.
Ability to sit for most of the day and occasionally lift up to 20 pounds, bend, and reach above and below shoulder level.

Responsibilities

Analyze financial information detailing assets, liabilities, and capital.
Assist with preparing statements of condition, operating statements, and supporting reports summarizing the credit union’s financial position.
Perform rate-of-return analyses on loan, investment, and deposit products.
Compare income and expense performance and explain variances.
Assist with corporate investment accounting, including general ledger entries for purchases and maturities.
Compile financial information for monthly adjusting entries and post entries to the general ledger in preparation for financial statements.
Participate in credit union projects involving new products and initiatives and provide feedback on accounting processes.
Assist with corporate fixed asset accounting, update the fixed assets software database, and prepare month-end depreciation schedules.
Assist with prepaid expense accounting, update the software database, and prepare month-end amortization schedules.
Gather and complete supporting schedules for the NCUA 5300 regulatory call report and other monthly and yearly regulatory reporting.
Communicate with software vendors to report problems and seek support for difficult software issues.
Reconcile assigned general ledger accounts.
Work with internal and external auditors and examiners during periodic audits and provide requested documentation and explanations.
Maintain compliance with established policies, procedures, and applicable regulations, including BSA, AML, MIP, and OFAC requirements.
Provide quality service by treating members and coworkers with respect and courtesy, in person and by telephone.
Perform other duties as assigned or required in connection with the general operation of the credit union.