Financial Planning & Analysis Analyst

General Summary (What is done and why)

The Financial Planning & Analysis Analyst (FP&A) will provide timely financial, operational, and strategic analysis, leading to improved operational quality, lowered operational costs and increased operational responsiveness to our members’ needs. The FP&A Analyst will support the preparation of projections, based upon different business strategies, and proposed financial strategies.

Essential Functions, in Priority Order (Majority of duties, but not meant to be all inclusive or prevent other duties from being assigned as necessary)

1. Support the budget process including managing budget targets and guidelines, overseeing data inputs. Creation of reports to measure the budgeted performance, and overall budget evaluation of results including monthly variance reporting. Time: 20%

2. Provide support to the process of systematically monitoring and analyzing industry trends in product pricing, balance sheet objectives, and changes in the economic environment as it pertains to the costs and pricing of all products. Measures pricing competitiveness along all product lines. Time: 10%

3. Update financial reports monthly that support management understanding of financial performance and variance drivers at a detailed level. Provide research on variance drivers by partnering closely with multiple external departments. Time: 10%

4. Execute the monthly forecast process. Partner with external departments by supporting each budget owner in their efforts to understand variances to budget on a monthly basis to accurately update the forecast for the remainder of the year based on those detailed discussions at a G/L level. Support the sales and operations teams on any updates to revenue and revenue activity related costs as it relates to the forecast. Time: 30%

5. Support project financial analyses as needed. Running payback analyses on project business cases and support the identification of financial risks of the projects. Time: 10%

6. Perform marginal analysis on loan and deposit pricing strategies. Also support other cost research to understand impact of loan losses and pricing at market, credit, and LTV level. Time: 10%

7. Conduct analyses as necessary in support of key business metrics and objectives. Time: 10%

Education (Minimum education required to perform the duties of this position)

• Bachelor's degree in finance/accounting/business-related field or two years related work experience required.

Experience (Minimum experience required to perform the duties of this position)

In addition to the education requirement:

• Two years of financial/analytical experience is preferred.

Knowledge, Skills and Abilities (Minimum experience, technical and communication skill levels and licenses/certificates normally required to perform the duties of this position)

• Proficiency in the use of spreadsheets and costing and general ledger systems.

• Demonstrated attention to details. Skills in prioritizing and organization of work.

• Effective communication skills – both listening and presentation and the ability to effectively write correspondence and memos.

Required Competencies

• Customer Focus

• Problem Solving

• Demonstrates Courage

• Interpersonal Savvy

• Business Acumen

• Dealing with Ambiguity

• Time Management

• Drive for Results

• Integrity and Trust

• Self-Development

Mental Requirements

• Advanced analytical and problem-solving skills.

• Resourcefulness in gathering and reporting information.

• Accuracy in compiling data with attention to details.

• Ability to meet deadlines and changing corporate priorities.

Tools and Equipment Used

• All available general office equipment as needed.

• All available computer software and hardware as needed.

• Software applications including Word, email, spreadsheet, Sendero ALM, Vantage and Internet use.

Working Relationships/Contacts (Positions with which incumbents have frequent contact)

• Daily, personal/written/phone contact with Credit Union Management.

• Daily, personal/written/phone contact with Credit Union staff.

• Daily, personal/written/phone contact with vendors as needed to maintain updates or enhancement software.

Physical Demands (Physical effort generally associated with this position)

Work involves standing and walking for brief periods of time, but most work is done from a seated position. There is potential for eyestrain from reading detailed printouts and computer screens. Work may include occasional pushing, pulling, or carrying objects weighing up to 20 pounds such as files, documents, and computer printouts. Work normally requires finger dexterity and eye-hand coordination to operate computer keyboard and calculator at a high skilled level. Deadlines, problem solving for other departments and workloads during month-end, quarter-end, or year-end with pressure to achieve department goals may cause increased stress levels.

Working Conditions (Typical working conditions associated with this type of work and environmental hazards, if any, that may be encountered in performing the duties of this position)

Work is normally performed in climate-controlled office environment, where exposure to conditions of extreme heat/cold, poor ventilation, fumes and gases is limited. Noise level is moderate and includes sounds of normal office equipment (computers, telephones, etc.). No known environmental hazards are encountered in normal performance of duties. Length of day is usually eight hours; however, month-end, quarterly-end and year-end may require extended hours to meet deadlines.

EOE/Vets/Disability