Senior Financial Analyst - ALM

About MCU:

At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 500,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.

Overview: The Senior Financial Analyst is a key member of the Finance team and will be responsible for forecasting, data analytics, and financial analysis.

Responsibilities:

Treasury and Asset Liability Management

• 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.
• Financial Analysis, Budgeting, Forecasting and Reporting Control
• 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 (ProfitStars, Deposits360, Liquidity360, Deposit Dynamics pricing model, nCino loan analytics)
• 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.
• Provide all deliverables in accordance with prescribed timelines.

Other Responsibilities

• Perform the decision support analysis for purchases of investments and loan participations
• Oversee pricing strategies for loan and deposit products. Maintain pricing models, analyze market trends, interest rates and competitor offerings to determine competitive and profitable pricing structures.
• Support finance involvement in internal, external and regulatory examinations
• Performs other related duties as assigned

Requirements:

Education:

• Bachelor's degree in Finance, Accounting, or a related field; MBA or CPA preferred.

Experience:

• 5+ years of progressive experience in finance.
• A minimum of 2 years in a finance position at a similarly sized bank or credit union.
• Knowledge/Aptitude:
• 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

Why you’ll be a good fit:

Our Core Values are an integral part of who we are and who we hire. By living our Core Values, every day, we continue to attract the best and brightest talent, achieve unsurpassed results and continuously challenge ourselves to be better than yesterday. These values are at the heart of our organization and within every teammate. To be a great fit, you’ll bring the following:

Results – You’ll look to achieve the best outcomes for our members. Continuously track and measure everything, and use it to always improve. Be proactive, not reactive.

Agility – You’ll remain agile in your decision making, planning, and delivery; using curiosity and creativity to see situations from all perspectives.

Integrity – You’ll act professionally and positively. Build trust, be upfront and communicate thoroughly.

Teamwork – You’ll work to achieve common goals as part of ONE TEAM.

Ownership – You’ll hold yourself and others accountable and remain committed to our obligations while caring about the outcomes as much as an owner would.

Belonging – You’ll embrace and environment in which any individual or group can be and feel welcomed, respected, supported and valued.

We stand by our mission to connect our members and communities with an exceptional financial future and we are looking for individuals who share this same purpose to take this journey with us.

What we can offer you:

Competitive compensation, medical and dental benefits.

401K with employer match

Flexible paid time off

We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.

Municipal Credit Union (MCU) is an Equal Opportunity Employer.

Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.