Municipal Credit Union

Senior Financial Analyst, FP&A

Municipal Credit Union

full-time

Posted on:

Location Type: Office

Location: New York City • New York • United States

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Salary

💰 $66,640 - $83,300 per year

Job Level

Senior

About the role

  • Maintain and update assumptions to be used in the ALM models maintained by third party advisory firms.
  • Support the development and execution of stress testing scenarios to assess the credit union’s resilience to adverse economic conditions and regulatory requirements.
  • Establish and maintain working relationships with third party advisory firms engaged by MCU in support of ALM and Investment strategies.
  • Oversee the preparation of ALM analytics prepared by third party advisory firms.
  • Participate in the monthly, quarterly, and annual forecasting process to ensure both the timeliness and accuracy of reporting.
  • Serve as the subject matter expert on all planning and budgeting software tools used by the department.
  • Must be adept at developing ad hoc complex models in Excel when third party models cannot be used.
  • Review and ensure application of appropriate internal controls, compliance and financial procedures.
  • Monitor key financial metrics and performance indicators, analyzing trends and identifying areas for improvement or risk mitigation.
  • Collaborate with the Accounting team during the monthly close process by providing monthly margin analysis, rate volume analysis, ensuring reported results are fairly and accurately reported.
  • Responsible for preparing monthly reporting and analyses for management and board reporting, as well as all ALCO reports.
  • Perform the decision support analysis for purchases of investments and loan participations.
  • Oversee pricing strategies for loan and deposit products.

Requirements

  • Bachelor's degree in Finance, Accounting, or a related field; MBA or CPA preferred.
  • 5+ years of progressive experience in finance.
  • A minimum of 2 years in a finance position at a similarly sized bank or credit union.
  • In-depth knowledge of asset liability management principles, planning systems, and stress testing methodologies.
  • Understanding of the economy and interest rate markets.
  • Strong understanding of bank accounting concepts and GAAP, with the ability to interpret and apply regulatory guidelines effectively.
  • Excellent analytical skills and attention to detail, with the ability to analyze complex financial data and draw actionable insights.
  • Adept at driving results in a collaborative environment.
  • Exceptional communication and interpersonal skills, with the ability to articulate financial concepts to diverse audiences and influence decision-making processes.
  • Strategic mindset and forward-thinking approach, with the ability to anticipate challenges and develop proactive solutions.
Benefits
  • Competitive compensation
  • Medical and dental benefits
  • 401K with employer match
  • Flexible paid time off
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
ALM modelsstress testingExcelfinancial metrics analysisbudgeting softwaredecision support analysispricing strategiesGAAPfinancial data analysisforecasting
Soft Skills
analytical skillsattention to detailcollaborationcommunication skillsinterpersonal skillsstrategic mindsetproblem-solvinginfluencing skillsproactive solutionsrelationship management
Certifications
Bachelor's degree in FinanceBachelor's degree in AccountingMBACPA