Financial Analyst I (On-Site) Baytown, Tx

Community Resource Credit Union -
Baytown, TX

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Job Details

Full-time
$25.41 - $31.76 a year
3 days ago

Qualifications

KYC
Cost accounting analysis
Preparation of internal financial performance reports
Economic trends
Presentation software
Business strategy analysis
Regulatory compliance
Research
Managing budgets in a finance role
Bachelor's degree
Internal employee customer service
GAAP
Project management experience in finance
Compliance documentation
Conflict management
Financial strategy recommendations
Forecasting
Market analysis reporting
Cost analysis report preparation
Financial projection model development
Variance analysis reporting
Managing projects
Profitability analysis
Financial performance measurement
Accounting standards
1 year
Monthly financial performance reviews
Financial forecasting analysis
Financial audit support
Customer identification program (CIP)

Full Job Description

Role:

The Junior Financial Analyst is responsible for preparing the operating budget, maintaining profitability models, reporting program analysis, and conducting ad hoc reporting as needed. Provide prompt, accurate, and courteous service to all internal members (co-workers). Adhere to all policies, procedures, State Laws, and Regulations.

Essential Functions & Responsibilities:

25%

Gathers and prepares the monthly ALCO presentation and supporting documentation. Prepares and submits quarterly ALM data files to third-party vendors. Responds to ad hoc data requests from senior management and department heads. Performs trend analysis and variance reporting. Ensures accuracy and completeness of all reporting materials.

25%

Effectively works with department managers and senior management to prepare the annual budget. Provides recommendations for loan and deposit growth. Compiles organization data, analyzes historical results and evaluates economic and market conditions to prepare forecasts and projections. Prepares what-if modeling for the annual strategic planning session and as needed for the executive team.

20%

Researches monthly operating budget variance and monitors cost analysis for new projects. Provides variance explanations to management. Participates in quarterly budget variance meetings with managers.

20%

Updates and maintains the credit union's branch, product, and member profitability models, assumptions, allocations, and funds transfer pricing accuracy. Prepare and distribute profitability reports to department managers and the senior leadership team. Participates in Retail Management Profitability meetings.

Compiles and submits collateral files monthly to secure lines of credit. Assists with the Federal Reserve Bank and the Federal Home Loan Bank audits.

Performs all other duties as assigned by Director of Finance.

Performance Measurements:

Meets all deadlines, with minimal errors and no errors that result in financial loss to the credit union

Keeps the Director of Finance timely informed regarding key operating issues.

Effectively and professionally communicates with solid reporting skills in small and large group settings. Maintains high-quality internal service to the credit union staff and members.

Manages multiple projects, meets firm deadlines, multi-tasks in a fast-paced environment, adjusts to changing workflows, and works under general supervision to accomplish goals.

Demonstrates an understanding of, and follow the requirements of all regulation compliance, including but not limited to those of Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), Customer Identification Program (CIP) and Member Due Diligence (MDD) as it specifically relates to their job functions. Employee shall be trained annually in BSA/AML compliance.

Knowledge and Skills:

Experience

One year to three years of similar or related experience.

Education

(1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).

Interpersonal Skills

Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

Other Skills

Superior computer skills with advanced knowledge in Excel and PowerPoint. Project management skills for managing long-term projects to timely and successful completion. Performs all aspects of work with a high degree of effectiveness, efficiency, and accuracy. Understanding of GAAP (Generally Accepted Accounting Principles).

Physical Requirements

While performing the duties of this job, the employee is regularly required to use hands or fingers, handle or feel; reach with hands and arms; talk and hear. The employee frequently is required to stand, walk, and sit. Specific vision abilities required of this job include close vision and ability to adjust focus.

Work Environment

Work is performed indoors with some potential for exposure to safety and health hazards related to electronics work. May require periodic travel. There is exposure to potential hazardous conditions such as robbery. Employees are to receive detailed instructions and procedures to follow in order to minimize risk.

In accordance with the American with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.

This Job Description is not a complete statement of all duties and responsibilities comprising this position. Job descriptions are not intended and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.

This Job Description is not a complete statement of all duties and responsibilities comprising the position.

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