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Title: Senior Financial Analyst
Revised: 05/02/2024
Salary Grade: Exempt Reports To: Chief Financial Officer
Department: Finance # Supervised Staff: 0
Mobile Device Eligible: Yes Laptop Cell Phone
The Senior Financial Analyst is responsible for executing WFCUs
financial forecasting, planning and analysis functions, the purpose of
which is to steer the credit union toward its Vision and Strategic
Priorities using accurate, data based, decision-making models. They are
also responsible for maintaining WFCUs asset liability management,
liquidity management, and investment programs, the purpose of which is
to support financial security of the credit union and increase member
value.
- Financial Reporting and Analysis:
- Work closely with the Accounting department to prepare accurate
and timely financial reports, including financial forecasts, on
a monthly basis.
- Conduct comprehensive financial analyses to identify trends,
opportunities, and areas for improvement. Present findings to
the CFO and/or other members of the Executive Leadership Team,
providing valuable insights and recommendations.
- Prepare and develop ALCO, Board, and Investment Committee report
packages and meeting content, including peer and scenario
analyses.
Asset Liability Management:
- Prepare data files for quarterly ALM Report as required by the
credit unions ALM consultants.
- Work with ALM consultants to design what-if ALM scenarios to better
mitigate the credit unions interest rate and liquidity risks.
- Evaluate quarterly ALM Reports for accuracy and reasonableness. Work
with ALM consultants to resolve any material discrepancies.
Budgeting and Forecasting:
- Collaborate with department heads to develop annual budgets and
long-term financial forecasts that align with the credit union\'s
strategic objectives.
- Assist department heads in monitoring and tracking budget
performance regularly, identifying any material discrepancies and
recommending corrective actions when necessary.
- Assess the financial implications of proposed projects, initiatives
and marketing campaigns, assisting with cost-benefit analysis to
support decision-making. Assist department heads with evaluating the
financial success of these items post-implementation.
Investment Management:
- Assist the Investment Committee in overseeing the credit union\'s
investment portfolio, ensuring it aligns with the credit union\'s
risk tolerance and financial goals.
- Analyze investment strategies, as needed, and evaluate if an action
should be executed in order to optimize total returns while
mitigating risks appropriately.
Cash Management & Liquidity:
Monitor liquidity levels and cash flow projections to ensure the credit
union maintains sufficient funds for daily operations and unexpected
contingencies.
Implement liquidity management functions, including analysis and
reporting, policy and regulatory complia\
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WEOKIE Federal Credit Union is an Equal Opportunity Employer and does
not discriminate against any applicants for employment based on their
race, color, religion, sex (including pregnancy, sexual orientation, or
gender identity), national origin, age, physical or mental disability,
genetic information, veteran status, uniformed service member status, or
any other status protected by law.