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Financial Reporting Analyst

2 months ago


Gurnee, Illinois, United States ALEC Credit Union Full time
Financial Reporting Analyst Position at ALEC Credit Union

OVERVIEW: This dynamic role involves generating essential financial assessments that bolster ALEC's financial documentation, investment portfolio, Asset/Liability Management (ALCO) framework, Budgeting, and Profitability Evaluation.

KEY RESPONSIBILITIES:

  • Oversee the maintenance of ALM software and guarantee precise monthly reporting, including reports for the Board of Directors, ALCO, Senior Management, and Responsibility Center (RC)
  • Examine financial data to create variance and forecasting reports
  • Develop spreadsheets, charts, and graphs to visually convey financial information
  • Analyze data affecting investment strategies, including price, yield, stability, and future trends
  • Remain informed on developments in business, finance, and economics
  • Track economic, industrial, and corporate trends through various resources
  • Formulate investment action plans based on financial evaluations
  • Investigate investment options and provide informed recommendations
  • Support budget and reforecasting processes
  • Assess profit and cost efficiencies across various organizational sectors
  • Create, maintain, and distribute ad-hoc reports and financial models
  • Assist the Accounting department in adhering to GAAP standards
  • Perform other related duties as assigned

REQUIREMENTS:

  • Minimum Education: High School Diploma or equivalent (GED)
  • Preferred Education: Bachelor's degree in Accounting, Finance, or Business Administration; CPA certification is advantageous
  • Required Experience: Two (2) years in Accounting or Finance
  • Preferred Experience: Three (3) years in Accounting or Finance within a financial institution

Knowledge, Skills, and Abilities (KSAs):

  • Capability to analyze and interpret financial and accounting data for effective communication with business leaders
  • Expertise in financial analysis utilizing various applications and Microsoft Office Suite
  • Strong critical thinking and decision-making capabilities
  • Familiarity with financial debt markets and US GAAP
  • Ability to work autonomously and collaboratively within a team
  • Effective verbal communication skills
  • Proficient in utilizing computers and job-specific technology
  • Ability to maintain confidentiality and perform well under pressure

TRAVEL REQUIREMENTS: Occasional local and national travel for training and networking events

About ALEC Credit Union

ALEC Credit Union stands as one of the foremost credit unions in Illinois, backed by over one billion in assets. With a strong commitment to delivering exceptional financial products and services to our members, we are dedicated to expanding our reach and serving a growing membership base.

At ALEC, we appreciate professionals who are eager to advance their careers and contribute to the ongoing growth and service improvements of our credit union.