Financial Analyst

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Position Summary

The Financial Analyst, under the direction of Finance Leadership, supports the organization's financial management and strategic decision-making processes. This position is responsible for preparing and providing financial analyses that drive operational efficiency and support asset/liability management, liquidity management, and investment portfolio oversight. Utilizing data from a variety of internal and external sources, the Financial Analyst compiles, analyzes, and interprets financial information to develop meaningful insights, identify trends, and provide decision-making resources that support the Credit Union's financial objectives.

Principle Duties and Responsibilities

• Willingness and ability to exhibit Wellby Core Values every day.
• Works with purpose and is driven to provide the best team member experience.
• Perform daily cash management activities, including monitoring cash positions across depositories, branches, and ATMs; assessing liquidity levels and associated risks; and optimizing cash balances to maximize returns while maintaining operational needs.
• Maintain investment portfolio documentation, including monitoring pledged collateral for adequacy and ensuring the accuracy and reconciliation of third-party reports.
• Gather, compile, and prepare data for routine financial reports, analyses, and management presentations.
• Prepare monthly, quarterly, and ad hoc statistical reports, trend analyses, and performance metrics.
• Prepare and analyze profitability reports for branches, departments, and other business units.
• Assist with the analysis, modeling, pricing, and risk reporting of credit union deposits, loans, and services.
• Participate in the development of the annual budget by compiling information from various cost centers, preparing short- and long-term forecasts, analyzing budget variances, and generating management reports.
• Prepare and file FR 2900 and other required regulatory reports in accordance with applicable regulations and reporting requirements.
• Provide financial analysis and reporting support to departments, management, and cross-functional project teams.
• Apply sound judgment and critical thinking when preparing reports and analyses to identify changes in data sources, process variations, and emerging trends, and assess their potential impact on financial results.
• Support internal and external audits and regulatory examinations by gathering, organizing, and providing requested documentation and responding to information requests as needed.
• Performs other related duties as assigned.

Knowledge, Skills, and Abilities (KSA)

• Knowledge of Wellby's organizational functions and general operating policies and procedures.
• Knowledge of general office practices and procedures, business English, spelling, and punctuation.
• Knowledge of personal computers, utilizing Microsoft Office Suite and other software.
• Knowledge of basic banking principles.
• Knowledge and understanding of Generally Accepted Accounting Principles (GAAP).
• Knowledge and understanding of Generally Accepted Auditing Standards.
• Knowledge and understanding of methods of systems analysis and the principles, design, and procedural methods used in big data analysis.
• Knowledge and understanding of project management.
• Skilled in operating computer equipment and general office machines such as personal computers, copiers, projection equipment, audio/video, Microsoft Teams, Zoom Video Communications, and adding devices.
• Ability to communicate clearly and concisely, orally and in writing.
• Ability to efficiently understand and follow oral and written instructions, perform routine duties without close supervision, and establish and maintain effective working relationships with other team members.
• Ability to coordinate several concurrent activities simultaneously.
• Ability to exercise independent judgment.

Supervisory Responsibilities

The team member does not have supervisory responsibilities.

Complexity & Scope of Work

• The team member follows Wellby's policies and procedures, Team member Handbook, and federal and state laws and regulations in accomplishing assignments
• The team member will ensure policies, procedures, and programs are consistently administered, aligned with organizational goals, and compliant with professional standards.
• The team member performs routine and generally related tasks without supervisory direction.
• Tasks may occasionally have to be coordinated, integrated, and/or prioritized.
• Courses of action are determined by established procedures and/or their leader.
• The team member's work is reviewed periodically for accuracy, completion, and compliance with the policies and procedures.
• The team member uses independent judgment in making decisions.

Physical Demands & Work Environment

• The physical demands and work environment characteristics described here represent those that must be met by a team member to successfully perform the essential functions of this position. Reasonable accommodations may enable individuals with disabilities to perform essential functions.
• To perform this job successfully, the team member is frequently required to remain in a stationary position 50% of the time. Daily movements include sitting, standing, reaching, and grasping; operating computers and other office equipment; moving about the office; and attending possible onsite and offsite meetings.
• The team member must be able to exchange information, in person, in writing, and via telephone. Some degree of stress results from contact with management and other team members.
• The ability to observe details at close range (within a few feet of the observer).
• Must be able to occasionally lift items weighing up to 25 pounds across the office and load them onto shelves for various needs.
• The noise level in the work environment is usually moderate.
• Work involves the typical risks and discomforts associated with an office environment, but is usually in an adequately cooled, heated, lighted, and ventilated area.

Minimum Qualifications

• Bachelor's degree in Accounting, Finance, Statistics, Data Science, Economics, or a related field required. One year of required education may be substituted for one year of relevant experience.
• Minimum of three (3) years of experience in accounting, finance, auditing, financial analysis, budgeting, or cost management required.
• Advanced proficiency in Microsoft Excel, including the use of formulas, pivot tables, and data analysis tools required.
• Working knowledge of financial statements, financial ratios, budgeting, forecasting, and financial management principles.
• Strong analytical, problem-solving, and critical-thinking skills with the ability to interpret financial and operational data.
• Bondable

For All Candidates

This is a Full-Time, Salary (exempt) role.

Wellby is an equal opportunity and affirmative action employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, veteran status or any other legally protected characteristic. If you'd like more information about your EEO rights as an applicant under the law, please contact Human Resources.

Wellby provides equal opportunity to qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation, please email View email address on click.appcast.io or call View phone number on click.appcast.io for assistance.


Disclaimer
The statements herein are intended to describe the general nature and level of work being performed by team members and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of the Company.