Finance - Financial Analyst I

Sacramento, CA, United States

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:

Perform the following job duties and responsibilities in accordance with corporate policy and procedures, within established timeframes:

1. 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.

2. 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.

3. Analyze the monthly financial statements and reports, and communicate variances and relevant findings in support of the financial plan.

4. Maintain a thorough understanding of the general ledger accounts, components of the balance sheet, income statement, key ratios, products, and other pertinent financial data.

5. 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.

6. Assist with requirement gathering using interviews, document analysis, use cases, scenarios, and workflow analysis.

7. Learn and gain an understanding of lending/deposit rates, policies and procedures impacting responsibilities.

8. Update procedures in response to changes in operational activities or technological upgrades.

9. Perform reviews or validations of other Financial Analyst work prior to, or in lieu of, review by Team Leadership.

10. Ensure compliance with applicable standards, rules, regulations, and systems of internal control.

11. Conduct ad hoc market research, special studies, reviews, analyses, and all other duties as assigned

12. 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.

13. 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:

1. Effective oral and written communication skills required to prepare reports and perform other related tasks.

2. 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.

3. Hand-eye coordination required to read, post, and handle complex computer programs and report.

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:

1. Prolonged sitting throughout the workday with occasional mobility required.

2. Corrected vision within the normal range.

3. Hearing within normal range. A device to enhance hearing will be provided if needed.

4. Ability to lift 15 lbs. as may be required.

5. 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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