Manager - Financial Analysis (Chatsworth)

Description

Job Title: Manager, Financial Analysis

At Premier America Credit Union, our Core Purpose is to serve our members by making it easier to meet today's needs and reach tomorrow's dreams. Talented team members succeed in our organization by demonstrating a commitment to our shared values of accountability, friendliness and respect, a passion for delivering great service, giving back to our communities, and pursuing personal growth. Come grow with us and be part of growth and the Premier America family

Overview:

Premier America is seeking a Manager, Financial Analysis, who will oversee the development of programs and/or models that evaluate the organization's asset/liability strategy. The role monitors and reports on interest rate risk and liquidity risk. Also assists in the development and deployment of strategies designed to mitigate these risks; and is a key contributor to the development of the annual corporate budget

.

What You Will Do:

• Assumes responsibility for Asset-Liability Management, Funds Transfer Pricing, Balance Sheet Modeling, and Profitability solutions. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
• Assumes responsibility for the development of annual budget/forecasts and monitoring of budget/forecast progress by reporting variances from the established budget.
• Manages the annual budget coordination/preparation/ consolidation process, integrate budget data in the Prologue GL system, and manage preparation of monthly budget variance reports for management comments or explanation.
• Uses the ALM solution to forecast interest margins under different scenarios to test/validate annual balance sheet and income statement forecasts for Premier America's Business Plans.
• Conducts annual training for participants and stakeholders in Premier America's budget preparation process.
• Assumes responsibility for Allowance for Credit Losses adequacy assessment and Current Expected Credit Losses calculation. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
• Gathers data from all internal and external sources, validate, balance, and upload into nCino system; review/modify CECL parameters as needed. Gather/review/modify data, assumptions, and methodologies utilized by the nCino model.
• Interpret results and/or make recommendations to management regarding the results of model runs and how to continuously improve efficacy and soundness of the systems.
• Assumes responsibility for the effective performance of financial analysis and reporting, including:
• a. ALM validation and ALM assumptions – works with third party service providers as needed regarding model validation, prepayment assumptions, and non-maturity deposit studies.
• b. CECL validation and CECL assumptions – works with third party service providers as needed regarding model validation and methodology selection validation.
• c. Liquidity management – works with third party service providers as needed to ensure availability of Premier America's credit lines.
• i. Manages pledging of loan and securities collateral to the Federal Reserve Bank.
• ii. Manages processing of borrowing transactions in the Prologue Investment Accounting system and manual processing of certain borrowing payments.
• iii. Manages required liquidity reporting and monitoring.
• d. Hedging management – work with third party service providers as needed to support Premier America's hedging activity.
• i. Manages pledging of collateral to derivatives counterparties.
• ii. Manages required hedging reporting and monitoring.
• e. Regulatory and Management Reports – Assist in Call Report preparation by managing quarterly calculation of insured and uninsured shares, weighted yields, costs of loans and shares, and other schedules as needed with accuracy and timeliness.
• i. Manages preparation and filing weekly FR2900 reports.
• ii. Manages preparation of weekly cash flow projections and share & loan reports for Product & Pricing Committee.
• iii. Manages preparation of regular monthly and other reports on request for the President/CEO, other members of management, auditors, and regulatory examiners.
• f. Manages interest rate risk modeling solution, funds transfer pricing modeling solution, liquidity analyses, what-if analyses, and manages preparation of related reports.
• Provides support to ALCO Committee, Board Finance Committee, Product & Pricing Committee, the Accounting Department, and other departments as assigned.
• Assumes responsibility for establishing and maintaining effective communication and coordination with Premier America staff, ALCO Committee, Board Finance Committee, and Product & Pricing Committee.
• Stays informed of trends and changes in the financial field; attends seminars and professional conferences as necessary
• Assumes responsibility for related duties as required or assigned.

Requirements

What We Are Looking For:

• Minimum five (5) years of experience in finance with at least three (3) years in financial modeling and analysis.
• Financial analysis experience in a credit union or banking industry preferred.
• Knowledge of credit union products. Working knowledge of GAAP, financial accounting/reporting, and investment/derivative/borrowing instruments.
• Advanced knowledge in using Excel, Word, PowerPoint, Edit Pad Pro and other database or reporting software.
• Training and expert level in using ALM, FTP, Balance Sheet Modeling, and Profitability software or similar solutions.
• Must have excellent writing skills, technical and business reporting, financial formulas, detail oriented, and work accuracy.
• Understanding of monetary and economic policies and regulations affecting financial institutions.
• Strong analytical skills.
• Work requires analytical ability, judgment, and ingenuity.
• A moderate amount of discretion is available to perform the job.
• Strong problem-solving skills to effectively research, investigate and offer solutions to issues that are more complex in nature.

Premier America Credit Union will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring (Ban the Box) Ordinance.

Equal Opportunity Employer Veterans/Disabled

Pay Grade Info:

To provide greater transparency to candidates, we share base pay ranges for all our job postings regardless of State. We set standard pay ranges for all roles based on function and level of expertise, benchmarked against similar stage growth companies. Final offer amounts are determined by multiple factors including, skills, depth of work experience and relevant licenses/credentials, and may vary from the amounts listed below.

The base pay range for this position is: $105k - $125k annually.

Perks Important to You:

Our Team Members enjoy the following rewards and benefits:

• Competitive pay
• Subsidized health care including medical, dental and vision
• FSA and HSA
• Company-Paid Life and A&D insurance
• Discounts on loans (must be a member)
• Paid Vacation, Holiday, and Sick time
• 401k Retirement Saving Plan with a 6% safe harbor employer match
• Educational Assistance Program and more

About Us:

Founded in 1957, Premier America is one of the nation's largest credit unions, with over 100,000 members and more than $3 billion in assets. But more importantly, we are ever mindful of one crucial fact: we exist to serve the needs of all members - the owners of Premier America. With a large retail branch network, access to over 30,000+ surcharge-free ATMs; and the Shared Branch Network, Premier America provides financial services to those who live, work, worship or attend school in the Ventura and Los Angeles counties of California, and Harris County in Texas.

Credit unions, such as Premier America, have a rich history evolving from the idea that people working together can create better financial solutions, especially when as owners, members have a vested interest in their collective success. Whether offering higher savings rates and affordable mortgage options, loans for unexpected emergencies or financial counseling during difficult times, credit unions have always made a meaningful difference in the lives of members.