Financial Analyst I

POSITION DESCRIPTION:

Under the direction of the VP Controller or Finance Manager, the Financial Analyst I assist in forecasting, budgeting, balance sheet analysis, product pricing, liquidity management, treasury management and participates in month end activities and balance sheet account reconciliations. Maintaining up-to-date knowledge of financial instruments, market conditions, and economic trends is critical in providing accurate and timely information to the Bank’s management team. The Financial Analyst I will act as the primary backup to the Financial Manager position.

GENERAL DESCRIPTION OF DUTIES:

Job Knowledge:

• Maintains a sound understanding of the Bank’s internal policies and banking regulations, including ALCO, investments, liquidity and treasury management. Follows all internal and external policies, procedures, regulations, and service level agreements.
• Responsible for updating the ALM modeling software. Assists in ALCO Committee report preparation and delivery, including preparation of quarterly interest rate risk models, reports, and back-testing. Assists in the development and maintenance of forecasting model assumptions and recommends actions by analyzing and interpreting data.
• Assists in daily liquidity and treasury management. Reconciles cash accounts, monitors cash flows, projects liquidity requirements, suggests strategies to optimize liquidity and earnings, provides reporting and completes back-testing.
• Suggests and assists with execution of investment strategies for the bank’s portfolio. Monitor market changes to adjust and optimize investment strategies to enhance earnings and identify potential risks and opportunities.
• Participates in the management of the Bank’s derivatives. Responsible for monitoring swap payments and collateral between the bank and counterparties; updates Chatham Financial website as collateral is exchanged.
• Assists in profitability reporting. Updates ProfitStars profitability module as needed and prepares branch profitability reports.
• Coordinates preparation of all Pricing Work Group meeting materials and is responsible for maintaining the deposit pricing model and analyses.
• Assists in non-core funding initiatives for brokered CDs and borrowings. Responsible for monitoring and recording maturities and renewals.
• Participates in the month-end closing process. Prepares GL reconciliations and assigned Board reports. Assists with driving the monthly and annual budgeting and forecasting process and interacts with various departments as needed.
• Records, classifies, and posts details of business transactions in accordance with accounting and auditing policies and procedures.

Interpersonal Skills & Communication:

• Communicates all approved rates and product changes to the Bank’s change management team for implementation.

• Presents various analyses at Pricing, Management, and Investment ALCO committee meetings.
• Documents process flows and creates procedures for the functions performed.

• Verbal and written communication are clear and concise.
• Builds lasting relationships with manager, peers, and mentors.

Dependability:

• Daily, weekly, monthly tasks are accurate and completed on or ahead of schedule.
• Accepts responsibility and ownership for own performance.
• Strong independent worker and follows-through on assignments.
• Must be able to work flexible hours and/or extended hours.

• Completes all required online compliance training as assigned in a timely manner.

Initiative:

• Proactively completes tasks, solves problems, improves processes, enhances reporting.
• Takes lead on projects or department tasks.

PEAK Concepts

• Maintains a positive attitude, professional attire.
• Aligns performance and behavior to the Bank’s mission and vision.
• Seeks self-development opportunities.

KEY QUALIFICATIONS:

• Critical analytical thinker with a strong attention to detail.
• Keeps abreast of regional and national economic and monetary conditions.
• Strong knowledge of market interest rates and effects on bank operations and performance.
• In-depth knowledge of Microsoft Excel, pivot tables and PowerPoint. Experience with ProfitStars or other financial forecasting or ALM software is preferred.
• Ability to work in a high activity/fast paced environment while managing associated stress.
• Excellent communication skills and organizational skills, and ability to work independently.
• Ability to handle ambiguity, juggle many tasks at once and quickly shift from one situation to another.
• Ability to independently identify, research, troubleshoot and analyze problems and determine action plans to address root cause.
• Shares knowledge of processes and systems with department employees and others within the Bank.
• Contributes to the development of re-engineering methods to improve processes, reduce risks, increase controls and/or increase efficiencies.

DIGITAL LITERACY:

The ability to use data, information, and communication technologies to find, evaluate, create, and communicate information, requiring both cognitive and technical skills.

• Information, data, and content
• Teaching learning and self-development
• Communication, collaboration, and participation
• Digital identity, safety, and security
• Technical proficiency with all bank products
• Awareness and interest in new technology
• Creation, innovation, and research

EDUCATION REQUIRED: A bachelor’s degree in Finance or related field.

EXPERIENCE REQUIRED: One to three years of similar or related experience, preferably in banking. Must possess and maintain knowledge of and expertise in utilizing technology and software applications. Familiarity with report creation, management reporting and control reports desired.

*Compensation: Compensation is based on our market pay structures. However, individual salaries are determined by a variety of factors including, but not limited to business considerations, local market conditions, and internal equity, as well as candidate qualifications, such as skills, education, and experience.

GSB is an equal opportunity employer and offers equal opportunity to all applicants for all positions without regard to race, color, religion, national origin, age, disability, and veteran status.

Applicants requiring reasonable accommodation in the application process should notify Human Resources.

GSB participates in E-Verify.

EOE/AA/M/F/D/V