Financial Analyst

About Us

Kitsap Credit Union is a not-for-profit, member-owned financial cooperative with more than 300 employees and 14 branches throughout Western Washington. We have a passion for making a positive difference. As a $2 + billion-asset credit union, we are deeply committed to our members’ financial wellbeing and the prosperity and quality of life in the communities we serve. We are proud to be led by individuals with the experience and skills to drive our organization towards our goals for strategic growth and operational excellence. Our KCU Cares Foundation program focuses on providing resources and support for those struggling with homelessness or hunger and improving the financial well-being of the people in our communities. And beyond monetary efforts, we have provided thousands of hours in staff volunteerism and in-kind support.

At Kitsap Credit Union, our success is built on trust-based relationships and personalized service. We understand our employees are key to our success. They provide the personalized service to our members and contribute to the communities where we live. We are committed to providing a supportive, mission-driven, and inclusive culture where employees can grow their careers. To learn more, visit kitsapcu.org.

About the Role

Kitsap Credit Union is searching for a Financial Analyst. This position is responsible for providing financial analyses and data support to Management, Asset Liability Committee (ALCO), and the Board of Directors, as well as the individual business units. This role is also responsible for Asset Liability Management modeling and assumptions.

Quick Facts

Reports to: VP, Finance

Employment Type: Exempt, Hybrid, Salaried, Full-time

Salary Range: $81,170.08 - $94,332.24 depending on experience

Bonus Target: 8% potential incentive of base pay

Grade: 11BC

Industry: Banking

Key Responsibilities

• Perform financial forecasting and budgeting, which includes projecting the Balance Sheet and Income Statement, reporting on results, and monitoring operating metrics and trends.
• Report on actual to budget performance and prepare reporting for Management review.
• Work closely with our external vendor to prepare the quarterly interest rate risk update used to evaluate interest rate risk exposure and alternative strategies when necessary. Provide data, update key assumptions and review and make presentations of the results.
• Manage large confidential data sets involving deposit and loan data for statistical analysis.
• Analyze various revenue and balance sheet strategies in partnership with business leads and present meaningful results to Management for consideration.
• Develop and maintain pricing models for loan and share products.
• Coordinate the preparation of the annual operating budget for non-interest income and expense in conjunction with department leads.
• Report and analyze budget variances for Management and the Board of Directors.
• Identify trends and make recommendations for improvements in operating results.
• Perform Credit Risk Management (CRM) analysis, including analysis of the qualitative factors affecting the Allowance for Loan Loss (ALLL) reserves and a quarterly economic report to Management explaining the results.
• Provide information and support, as requested, during regulatory examinations and financial audits.
• Assist the Project Management Department in calculating estimated return on investments for requested projects. Calculate actual return on investment for select projects one year after implementation.
• Understand, model, and represent KCU’s core values.

Required Qualifications and Education

• Bachelor’s degree in Finance, Accounting or Business.
• 5+ years of financial analysis experience, including valuation of financial assets and liabilities.

Preferred Qualifications and Education

• 5+ years of experience with a credit union or other financial institution.
• Experience with Fiserv Prologue and Jack Henry Profitstars.

Supervisory Status

This position does not supervise others.

Working Conditions

This position will be required to work in an office environment with moderate noise levels, and, with or without reasonable accommodation is required:

• Must be able to remain in a stationary position for a minimum of 75% of the time
• Constantly operates a computer and other office productivity machines
• The person in this position frequently communicates with peers, supervisors, vendors and employees to exchange accurate information and answer questions
• Works in an indoor office environment but expected to attend meetings in buildings that require travel in outdoor weather conditions

Our Values

Integrity: We believe in acting with honesty, trust, and respect which are at the forefront of our daily engagement.

Responsibility: We believe that responsibility is holding ourselves accountable for our decisions, actions, and their outcomes.

Collaboration: We believe in the power of a diverse group of people working together to achieve a united outcome.

Authenticity: We believe activities in actions that demonstrate our commitment to be transparent, dependable, and genuine in every day.

What We Offer

Not only are we one of the largest credit unions in Washington State, and growing, but we are also a company that cares about its employees. We back that up for our employees by offering competitive pay and a benefits package that helps support you and your family’s lifestyle. We value our employees, and we strive to keep our benefits comprehensive and affordable. Some of our benefits include:

Careers | Kitsap Credit Union (kitsapcu.org)

• Free onsite parking
• Annual time off and sick time accrued
• 11 Paid holidays
• 1 Personal floating day
• Medical, Dental, Vision, Short- and Long-term Disability, Life and AD&D Insurance
• Employee Assistance Program
• Choose from a PPO medical plan or a High Deductible with a Health Savings Account
• 3% KCU funded Safe Harbor Contribution to your 401K
• KCU will match up to 2% of your 401K contributions
• All 401K contributions are 100% vested
• Potential annual incentive in all roles within Kitsap Credit Union
• Tuition reimbursement
• 8 hours of paid volunteer time off
• Discounts on KCU's products and services
• Enjoy unlimited ORCA transit access through KCU for less than $45 a year—your cost as an employee

We believe in the power of belonging – it’s in our DNA as a not-for-profit, member-owned cooperative. Our un-bank-like structure ensures that we remain all about people: our members, our employees, and the people in the communities where we live and work. We work hard to provide a collaborative and inclusive environment where you can grow and excel in your career.

We are dedicated to serving our members by providing personalized experiences, convenient access, and highly competitive products and services. But it goes much deeper than that. For more than 86 years, we have been relentless about making a positive difference in our communities. We understand that when our members and communities succeed, we all succeed, and that success can’t happen without great employees.

****** Employment is contingent upon satisfactory background check. Kitsap Credit Union is an Equal Opportunity Employer. All qualified applicants for employment will receive consideration without regard to sex, marital status, race, color, religion, national origin, age, veteran status, disability, genetic information, or any other protected status. ******

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Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.