Financial Analyst

Kitsap Credit Union • Bremerton, WA

2d • Hybrid

About The Position

Kitsap Credit Union is searching for a Financial Analyst. This position is responsible for providing financial analyses and data support to Management, Asset Liability Committee (ALCO), and the Board of Directors, as well as the individual business units. This role is also responsible for Asset Liability Management modeling and assumptions.

Requirements

• Bachelor’s degree in Finance, Accounting or Business.
• 5+ years of financial analysis experience, including valuation of financial assets and liabilities.

Nice To Haves

• 5+ years of experience with a credit union or other financial institution.
• Experience with Fiserv Prologue and Jack Henry Profitstars.

Responsibilities

• Perform financial forecasting and budgeting, which includes projecting the Balance Sheet and Income Statement, reporting on results, and monitoring operating metrics and trends.
• Report on actual to budget performance and prepare reporting for Management review.
• Work closely with our external vendor to prepare the quarterly interest rate risk update used to evaluate interest rate risk exposure and alternative strategies when necessary. Provide data, update key assumptions and review and make presentations of the results.
• Manage large confidential data sets involving deposit and loan data for statistical analysis.
• Analyze various revenue and balance sheet strategies in partnership with business leads and present meaningful results to Management for consideration.
• Develop and maintain pricing models for loan and share products.
• Coordinate the preparation of the annual operating budget for non-interest income and expense in conjunction with department leads.
• Report and analyze budget variances for Management and the Board of Directors.
• Identify trends and make recommendations for improvements in operating results.
• Perform Credit Risk Management (CRM) analysis, including analysis of the qualitative factors affecting the Allowance for Loan Loss (ALLL) reserves and a quarterly economic report to Management explaining the results.
• Provide information and support, as requested, during regulatory examinations and financial audits.
• Assist the Project Management Department in calculating estimated return on investments for requested projects. Calculate actual return on investment for select projects one year after implementation.
• Understand, model, and represent KCU’s core values.

Benefits

• Free onsite parking
• Annual time off and sick time accrued
• 11 Paid holidays
• 1 Personal floating day
• Medical, Dental, Vision, Short- and Long-term Disability, Life and AD&D Insurance
• Employee Assistance Program
• Choose from a PPO medical plan or a High Deductible with a Health Savings Account
• 3% KCU funded Safe Harbor Contribution to your 401K
• KCU will match up to 2% of your 401K contributions
• All 401K contributions are 100% vested
• Potential annual incentive in all roles within Kitsap Credit Union
• Tuition reimbursement
• 8 hours of paid volunteer time off
• Discounts on KCU's products and services
• Unlimited ORCA transit access through KCU for less than $45 a year

What This Job Offers

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