Our Accounting and Finance Department is recruiting for a Financial Analyst. The Financial Analyst is responsible for performing analytical and operational support duties within the Finance Department. The Financial Analyst assists the SVP Finance and Accounting as directed; analyzes financial statements and other related documents; completes analyses on profitability, pricing, peer data, valuations, liquidity, concentration, investment activities, budgeting (including modeling and what if scenarios), loan analytics, and reconciliations; prepares reports of key performance indicators, ad hoc analysis reports and cost/benefit information as needed or requested.
This position is located in Branchburg, NJ and will require on site work, 5 days per week, during the first 90 days of employment. After this, based on satisfactory work performance, you will qualify for our Work/Life Balance program with options to work in the office 3 days per week, remotely 1 day per week and have off 1 day every week. Welcome to our 4 day work week program!
Some of your detailed responsibilities will include, but are not limited to:
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Cash and Liquidity Management
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Monitor daily cash balances
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Ensure payroll, vendors, debt payments and other obligations can be met
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Forecast future cash needs and maintain adequate liquidity
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Investment Management
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Invest excess cash in appropriate instruments (e.g. money market funds, Treasuries, commercial paper, CDs)
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Balance safety, liquidity and yield
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Funding and Capital Management
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Arrange borrowing facilities, bank lines, bonds or other financing
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Manage the company's debt structure and borrowing costs
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Risk Management
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Manage interest rate risk, foreign exchange risk, liquidity risk and sometimes commodity price risk
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Use hedging strategies when appropriate
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Banking Relationships
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Maintain relationship with banks and financial counterparties
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Present strategies for negotiation of services, credit facilities and payment systems
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You will help the Department Head oversee:
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Investment portfolio management
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Liquidity contingency funding plans
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FHLB borrowings and other wholesale funding
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Asset-liability management (ALM)
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Interest rate risk monitoring
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Cash flow forecasting
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Capital and net worth planning
What we offer to our team members:
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A competitive salary
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Generous paid time off
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Health, dental and vision plans for employees and their families
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Health Savings and Flex Spending Accounts
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Short and Long Term Disability Programs
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Parental Leave Programs
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401K with employer match and potential for additional profit-sharing contributions
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Paid volunteer days
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Opportunities for career advancement and continuous learning and development and tuition reimbursement
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Work/Life Balance Programs
We ask that you have:
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Have a Bachelor's degree in Finance and advanced training/education. MBAs are preferred
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5 years of progressive work experience in a financial institution, accounting or finance position
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4 years of financial, ALM, budget and investment experience
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4 years of experience in performing financial analysis of financial products and services
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Professional, well-developed, interpersonal skills necessary for communicating with members, co-workers and vendors on Credit Union-related matters
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Proficiency in Microsoft Office Applications with advanced Excel skills required. Proficiency in financial modeling
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Thorough knowledge of GAAP
If this job posting is of interest to you, and you meet the minimum requirements, please complete an application so we can talk!
