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Sr Financial Analyst II

Company: Corning Federal Credit Union
Location: Corning
Posted on: September 25, 2022

Job Description:

Work Location: This opportunity is available in the greater Wilmington, NC area and Myrtle Beach, SC area. Remote work options will also be considered in PA, NC, SC, GA, TX, and much of NYS.Corning Credit Union is seeking a Senior Financial Analyst, primarily responsible for supporting the Credit Union's interest rate risk management, liquidity management, and asset and earnings strategies. This position will also assist in the further development of tools and capabilities to support risk management and earnings generation.Job Duties:

  • Assists in the Credit Union's ALM modeling process including the analysis and evaluation of interest rate risk (IRR), liquidity risk, and capital management. Analyzes and communicates results to help inform balance sheet strategy
  • Actively monitors the financial risk sensitivity positions, risk exposures and underlying drivers resulting from balance sheet trends, market factors and positioning strategies
  • Provides support in the further development and continuation of liquidity management including measuring and managing short and long term needs. This will include the expansion and optimization of external liquidity sources with FHLB, FRB, and via the brokered channel
  • Assists in the development and execution of strategy regarding the use of derivatives as a financial risk management tool for the Credit Union's balance sheet
  • Assists in the development and refinement of ongoing profitability analysis from a product and a member perspective
  • Maintains and further develops M&A research and analysis to aid in consideration of potential strategic opportunities in the marketplace
  • Supports short- and long-term financial forecasting process. Helps in transition and implementation of a new budgeting system and related process
  • Also assumes responsibility for other projects or duties as required or assignedCompetencies:
    • Excellent verbal, written, telephone and interpersonal communication skills and must possess a strong service orientation
    • Ability to work independently yet collaborate cross-functionally in a team environment
    • Ability to educate non-financial professionals on interest rate risk, investment, liquidity, and capital management
    • Strong presentation skills with the ability to adapt style and approach, as necessary, to reach a diverse audience
    • Has excellent judgment and the ability to make sound decisions and think outside the box when working with complex situations
    • Keen ability to balance the "bottom line" with our culture and member service philosophy.
    • Knowledge of a variety of Accounting entries, operational budgeting, creating various financial reports, and analyzing financial data
    • Possesses solid computer skills and is experienced with various Microsoft programs including Outlook, Word, and Excel. Strong knowledge of Excel capabilities requiredEducation and Experience:
      • A Bachelor's degree in Finance or Accounting is preferred. Commensurate work experience will also be considered. Possession of or progress toward Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) designation a plus.
      • 3+ years' experience working in a financial institution is preferred
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Keywords: Corning Federal Credit Union, Rochester , Sr Financial Analyst II, Accounting, Auditing , Corning, New York

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