Financial Analyst

University of Michigan Credit Union • Ann Arbor, MI

1d

About The Position

Are you looking for an exciting new opportunity? Here at UMCU we are passionate about our team members’ growth, success and contribution to our amazing company culture. Consider joining the University of Michigan Credit Union (UMCU) a pillar of the local community for 70 years. UMCU is currently searching for a bright, professional and friendly Financial Analyst. The Financial Analyst will be responsible for analyzing the financial results associated with various strategic decisions of the Credit Union. Assists with evaluating and mitigating risks of the credit union including but not limited to interest rate risk and credit risk. Assists with liquidity and asset liability management of the Credit Union. Why join the UMCU Team? Work with a high energy and collaborative group of supportive professionals. We are committed to helping you own your career and grow professionally and personally. Comprehensive benefits including low cost/high coverage medical, dental, vision, leave of absence and more! Very generous paid time off and a very flexible work environment to help you find just the right work-life balance. Tuition reimbursement and a student loan debt repayment program Our Fidelity 401k program with employer match is one of the most generous you'll find. From our parental leave, to pet insurance and home office credits, our benefits package is one of the best you'll find!

Requirements

• Bachelor degree in Finance or Accounting or Business Administration
• 2-3 years accounting or finance related experience
• Proficient in Microsoft office
• Ability to compile and analyze data and prepare reports
• Excellent verbal and written communication skills

Responsibilities

• Creates and prepares monthly financial studies and analysis that assist management and the board in making strategic decisions.
• Reviews the investment portfolio and ensures the Credit Union maintains acceptable levels of interests and liquidity risk.
• Assists with Asset Liability Management reporting and presentation, investment strategies and implementation and cash management.
• Assists with ALCO and provides the necessary reports and analysis for Credit Union strategies.
• Assists with the analysis and management of data related resources (such as MCIF, VISA Analytics Platform, etc.).
• Assists with the preparation of the Credit Union's annual operating budget and forecast for approval by the Board.
• Assists with the month end general ledger closing process and profitability analysis to create recommendations on efficiencies in all departments.
• Assists with the preparation and evaluation of reports reflecting the financial position of the credit union as well as those required by regulatory agencies.
• Responsible for the annual review of all financial contracts. Analyzes each contract and provides strategies for cost reductions and contract renewals.
• Participates in the formulation of new financial policies and systems, and makes decisions within existing policies as they have been approved by Management and the Board of Directors.
• Maintains Credit Union compliance with Federal and State laws and regulations.
• Works with the Internal Audit Department, external auditors, and NCUA examiners
• Is aware of and will follow all credit union policies and procedures regarding BSA, OFAC, U.S. Patriot Act, Anti-Money Laundering and Customer Identification Program.
• Volunteers in various activities with UMCU or EMCU partners and in the community; occasional or limited onsite responsibilities needed to serve the team and membership.
• Cooperates with team or committee decisions.
• Understands the problems and concerns of others and provides quality service.
• Responsible for security of credit union property and data.

Benefits

• Work with a high energy and collaborative group of supportive professionals.
• We are committed to helping you own your career and grow professionally and personally.
• Comprehensive benefits including low cost/high coverage medical, dental, vision, leave of absence and more!
• Very generous paid time off and a very flexible work environment to help you find just the right work-life balance.
• Tuition reimbursement and a student loan debt repayment program
• Our Fidelity 401k program with employer match is one of the most generous you'll find.
• From our parental leave, to pet insurance and home office credits, our benefits package is one of the best you'll find!

What This Job Offers

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