Financial Analyst for Liquidity Management

4 days ago


Medford, New York, United States Suffolk Credit Union Full time
Company OverviewSuffolk Credit Union is a forward-thinking institution that empowers its members by promoting financial wellness, transparency, and respect. We strive to strengthen our community through comprehensive benefits, including health plans, lifestyle spending accounts, 401(k) matching, and support for work-life balance.

This position has an on-site requirement.


Job DescriptionRole Overview: The Asset Liability Management (ALM) Analyst will ensure compliance with accounting principles and regulations through data analysis and accurate reporting. Key responsibilities include preparing quarterly ALM reports, conducting stress tests, balance sheet management, and assisting with ALM modeling and financial forecasts for budgeting and strategic planning.

  • Ensure compliance with general accounting principles and regulations through data analysis and reporting.
  • Support ALM analyses as requested by the EVP/CFO.
  • Prepare quarterly ALM reports and assist with improvements to the ALM process.
  • Assist with ALM modeling, including stress testing, back testing, and prepayment speed analysis.
  • Conduct loan and deposit beta testing for balance sheet management.
  • Evaluate and update periodic Deposit Studies.
  • Assist in producing interest income/expense forecasts for strategic planning and budgeting.
  • Prepare quarterly Liquidity Stress Testing reports.
  • Assemble and prepare reports for the quarterly ALCO package.
  • Prepare documents for ALM Benchmark every two years and model validation every three years.
  • Gather documentation for NCUA exams related to interest rate and liquidity risks.
  • Monitor and report on cash positions, derivative collateral, investments, and borrowings.

Required Skills and Qualifications
  • A Bachelor's degree in Finance/Accounting or related field.
  • Three (3) to five (5) years of ALM experience in the financial services industry.
  • Previous experience with budgeting and forecasting preferred.

  • Experience with ALM and maintaining ALM models.
  • Proficient in Microsoft Excel, including advanced formula creation and data analysis.
  • Strong analytical skills with attention to detail and accuracy.
  • Skilled in gathering, analyzing, and compiling complex financial and statistical data, and presenting results clearly.
  • Advanced knowledge of accounting systems, ALM/financial analysis software, and electronic delivery systems.
  • Knowledge of financial/accounting theory and the financial industry, with the ability to explain financial concepts to non-finance staff.
  • Ability to manage multiple deadlines, problem-solve independently, and handle confidential information with tact.

Benefits

We offer a competitive salary within the range of $70,000 - $110,000 per year, commensurate with qualifications and experience.



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