Financial Analyst I

Beneficial State Bank•Oakland, CA

11h•Hybrid

About The Position

The Financial Analyst is responsible for helping develop and maintain complex, driver‑based financial models; performing financial, profitability, and variance analysis; and partnering with business leads to provide thoughtful financial advice in support of strategic decisions at Beneficial State Bank. The role includes, but is not limited to, month‑end financial and regulatory reporting and analysis, accounting support, budgeting, cost control, investment analysis, and asset‑liability management. The Financial Analyst analyzes and interprets financial data to forecast the impact of economic scenarios, risks, and business changes, tracks variances between projections and actual results, and recommends adjustments or improvements. This role prepares balance sheets, income statements, cash flow analyses, and other financial reports to assess financial health while ensuring compliance with organizational and regulatory financial policies, standards, and controls. The Financial Analyst is a self‑starter who works independently as well as collaboratively within a dispersed team of finance and business professionals.Top of Form Bottom of Form

Requirements

Associate’s degree in Finance, Accounting, Business Administration, or related field.
Two (2) years of financial analysis experience, preferably within the banking or financial services industry.
Strong knowledge of financial statements, financial analysis, and accounting principles, including GAAP
Experience developing financial models and performing variance analysis.
Strong problem-solving skills, including the ability to evaluate client needs, exercise sound judgment, and recommend appropriate solutions.
Ability to work independently and manage multiple priorities in a fast-paced environment.

Nice To Haves

Bachelor’s degree in business, finance, accounting, or a related field, or an equivalent combination of education and experience.
Experience using financial systems and analytical tools, including financial planning platforms, SQL, data visualization tools, and reporting systems.
Experience supporting regulatory reporting, including Call Reports, and working within a multi-state financial institution environment.
Experience supporting financial planning, forecasting, Asset Liability Management & Treasury functions.

Responsibilities

Supports the annual financial planning cycle, including building, maintaining, and updating the Bank’s driver‑based financial model, developing the planning calendar, and coordinating deliverables.
Partners with business leaders and functional teams to gather assumptions and inputs for forecasts, budgets, and multi‑year projections.
Maintains and reviews recurring and ad‑hoc financial models and conducts scenario, sensitivity, and stress testing analyses to assess the impact of economic conditions, balance sheet changes, and strategic initiatives.
Performs deep‑dive analyses on key issues impacting the Bank and its clients to identify root causes, quantify financial impact, and propose data‑driven solutions.
Prepares and maintains monthly financial reporting packages, including income statements, balance sheets, cash flow analyses, and key performance metrics.
Produces profitability reporting by segment, product, or line of business, providing insights and recommendations to improve efficiency and financial performance.
Tracks and analyzes variances between actual results and forecasts or budgets, identifying trends, risks, and opportunities.
Dissects raw accounting and financial data into clear, summarized analyses for management and business partners.
Works closely with business partners to provide financial analysis and decision support related to investments, new products, pricing, efficiency initiatives, and cost control.
Produces ad‑hoc financial analyses in support of strategic decision-making, peer benchmarking, governmental reporting, and merger, acquisition, or disposition strategies.
May act as a consultant to management on financial policies, procedures, methodologies, and analytical applications.
Builds and maintains strong relationships with key stakeholders across Finance, lines of business, and enterprise functions.
Supports the quarterly filing of the Bank’s Call Reports, including preparation of source files, validation of data, and reconciliation of reported amounts.
Assists with the preparation and compilation of monthly ALCO reporting, including liquidity, interest rate risk, and related stress tests.
Provides analytical support for asset‑liability management activities, balance sheet strategy, and capital planning initiatives.
Ensures accuracy, consistency, and audit readiness of financial and regulatory reporting deliverables.
Identifies and drives process improvements to increase productivity, data quality, and analytical effectiveness.
Develops and maintains standard and ad‑hoc reports, tools, dashboards, and analytical frameworks to support informed decision-making.
Sources, validates, and promotes the effective use of data and data solutions across the organization.
Documents processes and analytical methodologies to improve consistency, transparency, and knowledge sharing.
Supports the Accounting team with reconciliations, schedules, and other accounting deliverables as needed.
Collaborates with internal partners to resolve data discrepancies and ensure alignment between financial, accounting, and regulatory reporting.
Participates in cross‑functional projects and initiatives as assigned.
Ensures compliance with all applicable state and federal regulations and internal company policies, including but not limited to BSA / Anti‑Money Laundering, Fair Lending, Privacy, and Anti‑Discrimination, to the extent each applies to current job responsibilities.
Completes all mandatory compliance training as assigned within required timeframes.
The position performs duties specific to the position and other functions as assigned.

Benefits

Medical / Dental / Vision / Basic Life / STD / LTD
Vacation Days: 2-4 weeks depending on role
Sick Days: 12 days per year
Holidays: 11 days per year
401(K) / ROTH / FSA / HSA / EAP
Education and Adoption Assistance
Bank-Wide Annual Discretionary Bonus Program
Production-based incentive program available for some roles.
Paid Volunteer Time: 4 days per year / annual match of qualifying employee donations
Paid Sabbatical Program after 5 years of service
Pet Benefits