ALM & Profitability Analyst

Job Type

Full-time

Description

The ALM and Profitability Analyst role encompasses meticulous financial analysis, modeling, reporting, and budgeting to optimize profitability and support decision-making. Responsibilities span from generating comprehensive financial reports, including liquidity assessments and profitability analyses using historical and projected data, to managing Asset-Liability Management practices and regulatory compliance. This position liaises between departments, ensuring seamless data flow, while proactively seeking process enhancements and maintaining precision in external reporting. With a foundation in accounting principles and advanced analytical skills, the ALM and Profitability Analyst drives operational efficiency, prioritizes data accuracy and integrity, and upholds organizational values.

Essential Functions

Asset Liability Management and Liquidity Management:

• In coordination with the credit union's ALM Consultant, conduct ALM Modeling tasks, including updating the model quarterly, reconciliation, back testing, scenario modeling, sensitivity testing, documentation, training, and analysis.
• Review policies, procedures, and risk limits used for managing interest rate, liquidity, and concentration risk.
• Prepare liquidity management reporting, cash flow modeling, back testing, and stress testing.
• Responsible for the review and validation of models of assumptions used in Asset/Liability Management including liquidity, interest rate risk management, and product pricing decisions.
• Development and documentation of model assumptions, review and validation of model results, production of ALM reports and presentation of results to management. Maintain Assets/ Liabilities model documentation for both internal and external reviews.
• Responsible for the credit union's in-house ALM system /Financial Performance Suite, used for projections, budget modeling, IRR, and NEV onsite.
• Perform monthly financial analysis and create respective reports for senior management and board as needed

Financial Analysis and Profitability:

• Generate and analyze diverse financial reports, using historical and forecasted data.
• Prepare ROI (Return on Investment) analysis and profitability analysis for various committees, departments and purposes.
• Prepare proforma analysis, product performance analysis, branch/department profitability analysis and other financial analysis needed for risk management and business decisions.
• Complete analysis for operational efficiency such as branch profitability, merger analysis, department profitability, and outsourcing options, resulting in recommendations to be considered by management.

Budgeting, Forecasting, and Financial Management:

• Assist with the annual budgeting process and ongoing rolling forecast modeling, reporting and data entry/collection.
• Prepare rolling forecast and projection/forecasting models and scenarios.
• Support the organization with knowledge, training and education relative to financial management.
• Develop and maintain accurate financial forecasting models, incorporating risk assessment methodologies.
• Provide insights into potential financial risks and assist in implementing risk mitigation strategies.
• Analyze variances to plans; including descriptions of variances due to rate, volume, and changes in member behaviors, expense and revenue line items.

Operational Support and Process Enhancement:

• Collaborate with departments for data analysis, performance assessment, and decision support.
• Identify and recommend process improvements to drive operational efficiency.
• Ensure consistency and accuracy of financial modeling and analysis prepared by other areas.
• Provide and create reports as requested by NCUA Examiners and auditors. Analyze findings and provide appropriate responses in a timely manner.
• Follow policy and procedures related to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP) and Customer Due Diligence (CDD), Interest Rate Risk (IRR) & ALM and Liquidity Risk daily to ensure compliance with current regulations.
• Assist in the development of the Credit Union's strategic and tactical financial plans in conjunction with members of the management team. Ensure plans are based on sound, supportable, and documented assumptions based on input from Credit Union leadership. Develops, interprets and implements highly complex financial accounting concepts and advanced techniques for financial planning and control.
• Any other duties as assigned.

Requirements

• Bachelor's degree in Finance, Accounting or Actuarial Science.
• Minimum of three years' experience in an active balance sheet management role within a Credit Union, Banking or Financial Services.
• Demonstrated ability to develop best in class balance sheet analytics that clearly and accurately portray the risks and returns of an organization.
• Hands-on individual with a successful track record for developing insightful, value-added, actionable analytics.
• Ability to present financial results and expectations to all levels, such as Board, Board Committees and Executive Leadership.
• Thorough knowledge of financial markets, Asset/Liability Management (Including duration and total return) and financial analysis (risk/return relationships and the time value of money)
• Experience with automated financial systems, preferably Symitar.
• Asset/Liability Management modeling experience, preferably with Jack Henry's Financial Performance Suite (FPS).
• Strong proficiency in the use of Windows and Microsoft Office based programs.
• Ability to read and interpret documents such as accounting principles and data, policy and procedures.
• Excellent oral and written communication skills, including the ability to interpret a variety of instruction furnished in written, oral, diagram, or schedule form.

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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