Financial Planning & Analysis Analyst II

VyStar Credit Union•Jacksonville, FL

2d•Onsite

About The Position

The incumbent will be part of the Financial Planning and Analysis (FP&A) team and assist the FP&A management team in carrying out the broader company mission. The Financial Planning and Analysis (FP&A) function refers to the corporate finance and planning role. This includes all aspects associated with planning, forecasting, analysis, and reporting to aid senior management with decision-making. The FP&A team leads the Annual Operating Plan (AOP), or budget, process and prepares profitability reporting for business units, delivery channels, products, and members/households. The team also prepares ad-hoc analysis for new business initiatives, products, and expansion. These duties require building and maintaining various models using business intelligence tools and corporate financial management programs. The FP&A team will work closely with the Financial Risk Management (FRM) team, Accounting, and other business units.

Requirements

Bachelor’s degree in Finance, Accounting, Economics, or related area
4-7 years of related experience
2+ years of functional experience with budgeting, profitability, and data mining activities
2+ years of experience in statistical/quantitative analysis tools such as SQL, Power BI SPSS, or other tools.
2+ years of experience in Financial Analytics/Modeling using Adaptive Planning or other budgeting, forecasting, or profitability systems
Knowledge of credit union/bank products and services.
Proficiency in data analytics
Advanced skills in Excel, PowerPoint, and Word
Avid and positive team player that works well across multi-disciplined organization
Ability to work with both finance and non-finance professionals
Strong analytical capabilities with knowledge of accounting/financial reporting and financial modeling
Ability to coach and mentor other analysts
Strong communication skills including presentation, interpersonal and writing skills
Ability to work independently and is a self-starter
Exhibits flexibility and willingness to take on new responsibilities and assignments
Working knowledge of profitability/corporate performance management (CPM) software such as IBM TM1, SAS or others
Working knowledge of Data Analysis programming languages such as SQL, VBA, Python, Power BI or others
Ability to understand regulatory compliance issuances and incorporate them into the FP&A functions

Nice To Haves

Masters of Business Administration (MBA) or Master’s Degree in a Quantitative or finance discipline is preferred
Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) designation or working toward one of these is preferred

Responsibilities

Analyze and enhance historic and forecasted profitability models for business units, delivery channels, products and members/households including activity-based costing, transaction-driven cost allocations and sensitivity analysis.
Assist in development and maintenance of long-term forecast, working closely with department leadership to formulate business’s medium to long-term financial and strategic plans. This includes producing models to project long-term growth and determining the impacting business factors.
Analyze financial and operational results to better understand company performance including evaluating whether the company’s current assets and investments are the best use of the company’s excess working capital, by looking at return on investment (ROI) and comparisons with other ways the company might utilize its cash flow (e.g., other possible investments)
Review existing processes and procedures to develop recommendations for improvement efforts. Communicate results and recommendations to various stakeholders for improvements that will lead to cost reduction, revenue generation and streamlining operations.
Ability to drive a project from inception to delivery to include design, development, testing and implementation
Assist in the Annual Operating Plan (AOP), or budget, process to include interaction with key stakeholders and business units to develop key performance indicators (KPI) to help enhance their budgeting process
Review and analyze various aspects of the AOP for reasonability and create KPI dashboards.
Analyze the trends of Key Performance Indicators (KPIs) and identify the cause of any unexpected variances.
Provide insights to senior stakeholders around financial modelling, forecasts, and profitability.
Present the monthly and quarterly financial reports of various units and departments
Develop a detailed rolling income statement forecast that can be integrated into the Annual Operating Plan and various department models
Prepare and automate reports and presentations for Senior Management and the Board of Directors to include financial statements, variance reporting, ratios, slides, and other analysis
Take ownership of long-term planning exercises including tracking variances, back-testing results, reporting and sensitivity analysis
Develop and enhance models for branch expansion efforts to include pro-forma statements and other reports to assist management in strategic initiatives
Assist in balance sheet updates and deposit pricing recommendations for presentation to the Asset-Liability Committee (ALCO)
Develop and incorporate funds transfer pricing (FTP) in profitability reporting for business units and products
Maintain, enhance, and develop models to assess performance of branches and other delivery channels to assist Sr. Management in decision making
Review the quarterly peer analysis reports for presentation to ALCO and define key variances
Analyze the monthly Return on Assets decomposition model and explain variances
Perform ad-hoc income and cost analysis to aid business units and management in decision making for new products, services, and business initiatives
Responsible for continued process improvement and compliance with State and NCUA regulations in all areas
Create, maintain, and enhance various models to assist the FRM team with liquidity reporting and asset-liability management
Extract data from business intelligence databases or other sources using data mining tools such as SQL, VBA, Crystal Reports, Power BI, Adaptive Planning, or other methods
Takes initiative in supporting changes needed in FP&A functions related to impacts from strategic initiatives such as M&A and new lines of business
Ad-hoc business performance reporting
Perform special projects or initiatives as assigned
Analytical and statistical examination skills
Exhibits advanced knowledge of profitability concepts, systems and reporting including Funds-Transfer Pricing, activity-based costing, and allocations
Takes initiative in supporting analysis and models for both the FP&A and FRM functions
Excellent skills in ensuring reporting is complete, accurate and balances to the overall financial reports
Develops clear and concise written analysis of modeling results for presentation to business units, ALCO, senior management, and the Board of Directors
Documents all work processes and models used for FP&A functions
Takes initiative in supporting changes needed in FP&A functions related to impacts from strategic initiatives such as M&A and new lines of business
Effectively supports the Finance team with requirements for the annual regulatory examination by the State of Florida and NCUA
Performs other duties as assigned
All employees and business units, as first line of defense, are expected to proactively help identify, assess, manage, and report risks within their domain of work. To enhance a healthy risk culture and support our growth for good pillar, employees will maintain vigilance in safeguarding our operations while ensuring compliance with regulatory mandates. The Risk team serves as the second line of defense by providing risk oversight and credible challenge whereas the Audit team serves as the third line of defense by providing risk assurance.
Incumbent is expected to demonstrate each of the following VyStar Excellence behaviors in performing the duties and responsibilities of their job: Focus - Focus your full attention by carefully listening to and observing client or member. Connect - Consistently be friendly and approachable. Demonstrate your care. Understand - Listen empathetically and ask questions (70%/30% rule). Counsel - Recommend solutions based on your member’s needs and objectives. Advance - Ensure that member’s expectations were exceeded. Verify necessary follow-up actions.