Financial Analyst

Blackhawk Community Credit Union • Middleton, WI

5d • $58,000 - $72,000 • Onsite

About The Position

The Financial Analyst is responsible for performing the detailed analysis and research work necessary to understand the financial fundamentals of the Credit Union and plan for the future. The Financial Analyst works to understand the relationships and trends evident in the account and transaction data at BHCCU. Similarly the Analyst will manage the routine production of Asset/Liability Management data sets and reports that evaluate and describe interest rate risk. This individual will develop, maintain, and report on data included in profitability, investment, and budgeting models, and assist the department in all other matters as described below.

Requirements

• Bachelor’s degree in a related field or equivalent combination of education and experience.
• Some experience in accounting, data analysis or finance preferred.
• Strong interpersonal skills, maturity and good judgment.
• Well-developed skills in verbal and written communication.
• Ability to analyze and resolve situations independently.
• Ability to manage multiple priorities, effectively delegate and set deadlines.
• Ability to move new business practices from concept to reality.
• Ability to accomplish the described responsibilities through the use of computers and technology.
• Ability to work in a changing, challenging and fast paced environment with varying stress levels.
• Understanding of BHCCU’s policies and procedures, as well as all rules and regulations which pertain to BSA.

Nice To Haves

• Pursue the Chartered Financial Analyst designation.

Responsibilities

• Perform detailed analysis and research to understand financial fundamentals and plan for the future.
• Analyze account and transaction data to understand relationships and trends.
• Manage the routine production of Asset/Liability Management data sets and reports to evaluate and describe interest rate risk.
• Develop, maintain, and report on data included in profitability, investment, and budgeting models.
• Assist the department in various financial and accounting functions.
• Manage and maintain financial reports and lead new dashboards.
• Reconcile data to financial statements and Call Reports.
• Perform analysis designed to reveal levels of interest rate risk.
• Complete investment simulations as needed.
• Develop, maintain, and organize reports for the Asset Liability Committee (ALCO).
• Prepare the ALCO reporting package.
• Ensure compliance with applicable policies, specifically ALM, Concentration Risk, and Liquidity and Contingency Funding Policies.
• Develop and maintain product, branch, cost center, and department profitability models and reports.
• Assist with accounting functions such as CECL, GL setup, money movement, reporting, reconciliations, processing, and/or exam deliverables.
• Assist in the annual development of corporate and departmental budgets including income, expenses, and balance sheet growth.
• Assist in the filing of the quarterly Call Report, including researching, confirming, reconciling, and entering data, correcting errors, and filing with the state and NCUA.
• Assist in the research and preparation for State and Federal regulatory exams.
• Perform analysis on current securities portfolio holdings and potential securities acquisitions.
• Assist in the research necessary to determine appropriate interest rates and fees for all deposits, loans, and transaction accounts.
• Research competitors in relevant markets to compare rates and fees.
• Provide financial analysis to other departments and committees as directed.
• Assist other team members with finance questions.
• Pursue the Chartered Financial Analyst designation.
• Attend conferences, workshops, and other training courses to increase technical and professional knowledge.
• Take lead or participate in special projects related to the finance department and those of other departments.
• May be required to work in other departments within the Credit Union.
• Perform other work responsibilities as assigned by supervisor.
• Follow processes and procedures established to ensure compliance with the Bank Secrecy Act (BSA).
• Complete required annual BSA training.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level