ANALYST

Description

Position Title: Analyst I 

Department: Finance

Classification: Exempt 

Approved By: CEO

Wage Grade: 9

REPORTING RELATIONSHIPS

POSITION REPORTS TO: Finance & Analytics Manager

POSITIONS SUPERVISED: none

POSITION PURPOSE

Responsible for completing a wide range of financial analyses, including financial modeling, forecasting, budgeting, and product and branch profitability. Creates and updates data sets, reports, and dashboards using data visualization tools and platforms. Completes month-end financial reporting, ratios, and dashboards. Works on financial analysis projects and other special projects as assigned.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

Data Gathering and Analysis:

• Collect and organize financial data from various sources, including balance sheets, income statements, and transaction records.
• Calculate key financial ratios such as liquidity ratios, leverage ratios, and profitability ratios.
• Analyze historical financial performance to identify trends and potential issues.
• Create graphical representations of data for easy visualization.
• Create, analyze, summarize, and deliver regularly scheduled reports for managerial and executive leadership.
• Compare key financial ratios to groups of credit union peers and visualize findings.
• Gather, compile, and validate loan data necessary for collateralizing existing borrowing lines.
• Analyze and summarize financial statements and key performance indicators for Credit Union Service Organizations.
• Gather, prepare, and validate critical information and financial data necessary for third-party reporting completed by existing vendors.

Balance Sheet Monitoring:

• Assist in tracking cash flows, including deposits, withdrawals, loan disbursements, and repayments.
• Monitor the availability of liquid assets, such as cash and short-term investments, to meet short-term obligations.
• Prepare liquidity reports to assess the credit union's liquidity position.
• Assist in managing the cash reserve and ensuring compliance with regulatory liquidity requirements.

Documentation:

• Maintain accurate records of financial transactions in electronic databases.
• Assist in preparing documentation required for regulatory compliance, such as liquidity reports.
• Document and summarize the institution’s borrowing activities.
• Report current concentrations of callable and long-term securities.
• Compile and visualize financial performance and key ratios in a presentation deliverable.
• Document and communicate loan and deposit rate changes across the organization.

Interdepartmental Analysis Support:

• Collaborate with the internal departments to provide data and analysis 
• Assist in preparing financial reports for board meetings.

PERFORMANCE MEASUREMENTS

Data Accuracy and Timeliness:

• Percentage of error-free financial reports and analyses.
• Meeting deadlines for regular reports and ad-hoc data requests.

Financial Analysis Skills:

• Quality and depth of financial insights provided through analysis.
• Ability to identify trends and potential financial issues accurately.

Balance Sheet Management:

• Maintaining a certain level of liquid assets in accordance with regulatory requirements.
• Monitoring and minimizing liquidity risk.

Documentation and Compliance:

• Accuracy and completeness of financial transaction records.
• Timely submission of required regulatory documentation.

Data Visualization:

• Effectiveness of data visualization techniques in conveying complex financial information.
• User feedback on the clarity of presented data.

Interdepartmental Collaboration:

• Feedback from other departments on the quality and relevance of data and analysis provided.
• Timeliness and effectiveness in supporting interdepartmental tasks.

Training and Skill Development:

• Participation and performance in training sessions and workshops.
• Demonstrated improvement in financial analysis and data science skills over time.

Compliance with Key Ratios:

• Ensure that key financial ratios, such as liquidity ratios and leverage ratios, are within acceptable limits.

Project Contribution:

• Contribution to special projects related to financial analysis or data gathering, including efficiency improvements or process enhancements.

Communication Skills:

• Effectiveness in communicating financial insights and data-driven recommendations to stakeholders.
• Feedback from team members and leaders on the clarity of communication.

Client or Stakeholder Satisfaction:

• Feedback from managerial and executive leadership on the usefulness of reports and analyses provided.
• Feedback from other departments on the quality of support and data provided.

Regulatory Compliance:

• Ensure that all reports and documentation required for regulatory compliance are accurate and submitted on time.
• Monitor changes in regulatory requirements and adapt processes accordingly.

Adherence to Best Practices:

• Consistent adherence to best practices in financial analysis, data gathering, and reporting.
• Feedback on improvements or innovations in processes.

Good working relationships, DEI and collaborative initiatives exist with credit union personnel.

Requirements

QUALIFICATIONS

EDUCATION/CERTIFICATION: 

• Associates’s degree in finance, accounting, business, or a related field or commensurate experience preferred.

REQUIRED KNOWLEDGE: 

• Knowledge of financial analyses.  
• Experience with financial modeling and visualization programs such as Microsoft Power BI, Tableau, and ProfitStars. Strong Excel skills.
• Project management experience is a plus.

EXPERIENCE REQUIRED: 

• One or more year(s) of relevant experience preferred. 

SKILLS/ABILITIES:  

• Excellent problem solving skills.
•  Strong technical and analytical skills.
•  Able to organize, coordinate, and direct projects.
•  Solid oral and written communication abilities.
•  Able to use all related hardware and software applications including spreadsheets. 
• Able to use 10-key.

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

FINGER DEXTERITY: Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together.

TALKING: Especially where one must convey detailed or important instructions or ideas accurately, loudly, or quickly.

AVERAGE HEARING: Able to hear average or normal conversations and receive ordinary information.

AVERAGE VISUAL ABILITIES: Average, ordinary visual acuity necessary to prepare or inspect documents or products, or operate machinery.

PHYSICAL STRENGTH: Sedentary work. Sitting most of the time. Exerts up to 50 lbs. of force occasionally. (Almost all office jobs.)

WORKING CONDITIONS

NONE: No hazardous or significantly unpleasant conditions. (Such as in a typical office.)

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

REASONING ABILITY: 

• Ability to apply logical thinking to define problems, collect data, establish facts, and draw conclusions.
• Ability to gain and apply knowledge of the Credit Union to financial analyses.

MATHEMATICS ABILITY: 

• Ability to perform analytical reviews of financial statements and other financial data.

LANGUAGE ABILITY: 

• Ability to read periodicals, journals, articles related to the Credit Union industry.
• Ability to prepare business letters, proposals, summaries, and reports using prescribed format and conforming to all rules of punctuation, grammar, diction, and style.
• Ability to conduct training and to make professional presentations.

WORKING CONDITIONS

NONE: No hazardous or significantly unpleasant conditions. (Such as in a typical office.)

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

REASONING ABILITY: 

• Ability to apply logical thinking to define problems, collect data, establish facts, and draw conclusions.
• Ability to gain and apply knowledge of the Credit Union to financial analyses.

MATHEMATICS ABILITY: 

• Ability to perform analytical reviews of financial statements and other financial data.

LANGUAGE ABILITY: 

• Ability to read periodicals, journals, articles related to the Credit Union industry.
• Ability to prepare business letters, proposals, summaries, and reports using prescribed format and conforming to all rules of punctuation, grammar, diction, and style.
• Ability to conduct training and to make professional presentations.

INTENT AND FUNCTION OF JOB DESCRIPTIONS

Job descriptions assist organizations in ensuring that the hiring process is fairly administered and that qualified employees are selected. They are also essential to an effective appraisal system and related promotion, transfer, layoff, and termination decisions. Well constructed job descriptions are an integral part of any effective compensation system.

All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.

In accordance with the Americans 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.

Job descriptions are not intended as 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.