Position Summary
Responsibilities entail the preparation of financial statements and assisting with the annual budget. Maintain data in accounting and finance modeling software. Additionally will perform various “What-If” analysis for senior/executive management. Assist the Accounting Manager with internal and external audit and exam activities. Provide prompt, accurate, and courteous service to all internal members (co-workers) at all times.
Responsibilities
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Prepare monthly financials, ratios, and slides for the board packet.
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Upload and maintain monthly financial data in Asset/Liability Management (ALM) software.
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Models and/or forecasts the credit union's overall financial performance. Analyzes the forecasted results and makes recommendations to the senior/executive team regarding the credit union's ALM.
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Assist with the preparation of the annual budget and quarterly forecast.
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Maintain budget data in budget forecasting software.
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Research monthly budget variances and provide variance explanations for the balance sheet and income statement.
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Perform various “What-If” scenarios within forecasting software.
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Analyzes the credit union's branch profitability, product profitability, and member profitability results.
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Prepare/distribute quarterly profitability reports to department managers and senior/executive team.
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Produce reports for Asset/Liability Management Committee meetings and Pricing Committee meetings. Participate in, support, and contribute to committee discussions.
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Provide data extract files to third-party ALM providers for quarterly reporting.
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Model Net Economic Value (NEV) in ALM software.
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Works effectively with senior/executive management to develop methods to improve department efficiencies that will ensure financial goals are met
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Completes various projects and prepares financial presentations for senior/executive team.
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Provide audit and exam support as assigned.
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Stays abreast of industry and business issues and understands and applies this knowledge in current activities.
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Ensure the financial safety, soundness, and security of the credit union and its membership.
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Comply with BSA regulations when performing all job requirements, and stay abreast of updates/requirements of BSA/OFAC/CIP through completion of training courses assigned annually by the supervisor and attendance at quarterly all-employee meetings discussing BSA compliance activities.
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Other duties as assigned.
Knowledge
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Knowledge of Asset/Liability Management, Financial Forecasting, Branch Profitability, Product Profitability, Customer Profitability, and Generally Accepted Accounting Principles.
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Knowledge of Jack Henry software (ProfitStar) is preferred.
- Knowledge of Credit Union operations is a plus.
Skills
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Strong analytical skills
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Strong organizational and time management skills.
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Attention to detail and accuracy.
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Superior computer skills with advanced knowledge in Excel and PowerPoint.
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Project management skills for managing long-term projects to timely and successful completion.
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Self-motivated individual willing to learn, accept responsibility, and tackle new challenges.
Experience
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A minimum of 5 years of finance/forecasting experience with a finance or accounting degree or 10 years of finance/forecasting experience without a degree is required.
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Credit union experience is preferred
Abilities
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Ability to analyze and interpret information involving numerical calculations.
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Ability to effectively and professionally communicate with strong reporting skills in both small and large group settings.
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Ability to manage multiple projects and meet firm deadlines.
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Ability to multi-task in a fast-paced environment and adjust to changing workflows.
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Ability to work under general supervision to accomplish goals.
Education
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Bachelor’s degree or equivalent in Finance/Economics and work.
ADA Requirements
Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 5 lbs. Must be capable of climbing/descending stairs in emergencies. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on a computer for an average of 6-8 hours per day. Must be able to work extended hours whenever required or requested by management. Must by capable of regular, reliable and timely attendance.