JOB TITLE: Financial Analyst I
DEPARTMENT: Finance
STATUS: Exempt
JOB CODE: 10093
PAY RANGE: $66,650.00 - $70,000.00 Annually
GENERAL DESCRIPTION: Performs various finance and analytical functions for Golden 1 Credit Union, including but not limited to financial reporting, financial analyses and maintaining financial systems/models. Employees in this area are cross-trained in several aspects of finance and analytical functions and will assist the Finance Management team in special projects.
TASKS, DUTIES, FUNCTIONS: - Support strategic financial initiatives to aid in the achievement of multi-year ongoing financial objectives to support the financial position, growth, and profitability of the Credit Union, through effective long-term capital management.
- Assist in the routine preparation of financial reports for the Credit Union including, but not limited to, information for management reports analyzing financial performance by channels, markets, and peers.
- Analyze the monthly financial statements and reports, and communicate variances and relevant findings in support of the financial plan.
- Maintain a thorough understanding of the general ledger accounts, components of the balance sheet, income statement, key ratios, products, and other pertinent financial data.
- Using PowerBI and/or Excel, aggregate multiple data sources into a single story to summarize the results of a review into actionable points for Senior Management to support business decision-making.
- Assist with requirement gathering using interviews, document analysis, use cases, scenarios, and workflow analysis.
- Learn and gain an understanding of lending/deposit rates, policies and procedures impacting responsibilities.
- Update procedures in response to changes in operational activities or technological upgrades.
- Perform reviews or validations of other Financial Analyst work prior to, or in lieu of, review by Team Leadership.
- Ensure compliance with applicable standards, rules, regulations, and systems of internal control.
- Conduct ad hoc market research, special studies, reviews, analyses, and all other duties as assigned.
- Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.
- Perform other duties as assigned.
Specializations in this position may include one or more of the following: - General Ledger Accounting
- Financial Reporting
- Lending (Real Estate Secured/Personal Loan/Vehicle Secured/Credit Cards)
- Marketing
- Business Banking
PHYSICAL SKILLS, ABILITIES, AND EXERTION UTILIZED IN THE PERFORMANCE OF THESE TASKS: - Effective oral and written communication skills required to prepare reports and perform other related tasks.
- Must possess sufficient manual dexterity to skillfully operate an on-line computer terminal and other standard office equipment, such as financial calculators, personal computer, facsimile machine and telephone.
- Hand-eye coordination required to read, post, and handle complex computer programs and reports.
ORGANIZATIONAL CONTACTS & RELATIONSHIPS: 1. INTERNAL: All levels of staff and management.
2. EXTERNAL: Vendors, external auditors and other financial institutions or business sources.
QUALIFICATIONS: 1. EDUCATION: Requires a bachelor's degree in area of specialty (Accounting, Mathematics, Business Administration, Information Technology or similarly quantitative/analytical degrees). Equivalent work experience with required knowledge/skills may be substituted for other degree types.
2. EXPERIENCE: 0 - 2 years or more of progressive finance, accounting, or banking/credit union experience. Analytical experience is highly preferred. Knowledge of commonly-used concepts, practices, and procedures within banking/credit union operations is highly preferred.
3. KNOWLEDGE/SKILLS: - Functional:
- Functional Knowledge in the following: Federal Rules and Regulations as applied to credit unions; Golden 1 Products; Golden 1 Employee Handbook.
- Basic knowledge in the following areas: Relevant Corporate Finance concepts; U.S. GAAP and General Ledger Accounting concepts; Golden 1 Policies and Procedures; Understanding of Lending concepts; Understanding of Retail Branch Banking.
- Technical:
- Basic knowledge in the following systems/applications (required): Microsoft Excel- Formulas, functions, and pivot tables; Microsoft Power Point; Microsoft Word; Microsoft Outlook- Email, Calendar, Task; Microsoft Teams; PDF Creation/Editing (Nitro Pro).
- Basic knowledge in the following systems/applications (preferred): Microsoft Power BI - Building Visuals using existing Datasets; SQL Programming - Select Statements, Joins, and basic Queries; DataSafe; Bloomberg Terminal; Syntellis Axiom EPM.
- Behaviors:
- Self-Motivated, can stay focused with minimal oversight.
- Models Golden 1's Core Values of Service Excellence, Respect, Integrity and Reliability; Embraces Golden 1's mission and vision.
- Acts ethically in all matters.
- Plans and organizes work in order to support department goals.
- Productively works to improve the standard way of doing things, anticipating issues to prevent problems before they occur.
- Utilizes skill and training to make recommendations to improve a process, support our Core Values and/or save costs.
- Can be counted on to meet obligations and accepts accountability for delivering results.
- Demonstrates reliable and on-time attendance.
- Demonstrates functional, technical and job specific knowledge required for position.
- Takes ownership of their own professional and personal development to ensure their skills remain current and relevant.
- Is open and willing to try new approaches and ideas.
- Learns about and embraces changes in Golden 1’s strategy or direction.
- Attention to detail; ensures accuracy in work product.
- Communication & Interaction:
- Steward of the Golden 1 Brand and maintains quality standards of service excellence in all interactions.
- Respects and works well with people with diverse skills, styles, perspectives, and backgrounds.
- Contributes to an inclusive environment, where everyone is treated with courtesy, dignity and respect, regardless of perceived differences.
- Provides exceptional member/colleague service by showing caring, friendly, member centric support, and seeking opportunities to provide Golden Service.
- Fully participates in meetings, proactively bringing forward relevant information, ideas and potential solutions.
- Communicates clearly and concisely, both in written and oral form.
- Shares knowledge freely to help others succeed.
- Shares important information at appropriate time; Ability to escalate issues requiring additional action.
- Works well within team and across departments, effectively collaborating and interacting with coworkers, leaders, and members.
- Acknowledges and celebrates the success of others.
- Gives and receives honest and candid feedback in a constructive way; Leverage feedback to further personal and professional development.
- Positively adapts to changes in Golden 1 and/or changes in own role, and helps others to do the same.
- Effective listener.
- Presumes positive intent in all communications.
- Leadership:
- Guides external stakeholders to proper resources for inquiries.
- Supports team and department leadership with projects.
- Supports teammates.
PHYSICAL REQUIREMENTS: - Prolonged sitting throughout the workday with occasional mobility required.
- Corrected vision within the normal range.
- Hearing within normal range. A device to enhance hearing will be provided if needed.
- Ability to lift 15 lbs. as may be required.
- Occasional movements throughout the department daily to interact with staff, accomplish tasks, etc.
LICENSES/CERTIFICATIONS: Not required, but desired: Chartered Financial Analyst (CFA); Certified Corporate FP&A Analyst (FPAC); Certified Treasury Professional (CTP); or other relevant advanced degree.
REV. 03/12/2024
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