Financial Analyst

Job Description

Job Description

ALEC is one of the largest credit unions in Illinois and we foster a supportive and collaborative work environment, where employees are encouraged to grow both personally and professionally. We offer a comprehensive benefits package, which even includes a medical plan with no premiums taken from your paycheck. We can’t wait to talk further with you about joining our team.

ESSENTIAL FUNCTIONS: 

• Responsible for maintaining ALM software and ensuring accurate monthly reporting, including Board of Director, ALCO, Senior Management and Responsibility Center (RC) reports
• Analyzes financial information to produce variance and forecast reports
• Assembles spreadsheets and draws charts and graphs used to illustrate financial information
• Interprets data affecting investment programs, such as price, yield, stability, future trends in investment risks, and economic influences
• Maintains knowledge and stays abreast of developments in the fields of business, finance, and economic theory
• Monitors fundamental economic, industrial, and corporate developments through the analysis of information obtained from financial publications and services, investment banking firms, government agencies and trade publications
• Assists in the preparation of investment action plans based on financial analyses
• Researches investment alternatives and makes recommendations to CFO
• Assists in the budget and reforecast process
• Maintains budget systems and assembles reforecast information in the Budget system
• Evaluates profit and cost efficiencies in various areas of the organization as needed
• Develops, maintains and distributes ad-hoc reports and financial models as needed
• Assists Accounting with the proper application of GAAP 
• Other duties as assigned

QUALIFICATIONS: 

• Education Required: High School Diploma or equivalent (GED) 
• Education Preferred: Bachelor’s degree in Accounting, Finance or Business Administration 
• Experience Required: Two (2) years of experience working in an Accounting or Finance position 
• Experience Preferred: Three (3) years of experience working in an Accounting or Finance position within a financial institution 
• Knowledge, Skills and Abilities (KSAs):
• Ability to analyze and interpret financial and accounting data and summarize in a manner which can be communicated to the business leaders in an efficient manner.
• Financial analysis capability using financial and/or accounting applications and the Microsoft Office Suite 
• Capable of using critical thinking skills and judgment when making decisions
• General knowledge of current financial debt markets
• Knowledge of US GAAP
• Ability to perform job functions independently 
• Ability to work as part of a team
• Ability to verbally communicate effectively with internal and/or external members
• Ability to use computers and job-specific technology/software efficiently 
• Maintains confidentiality
• Performs responsibilities with composure, quality and accuracy under stress of deadlines/requirements

The base pay for this position is $55.638.98 to $92,731.63 per year. In specific locations, the pay range may vary from the range posted. Click  here to learn more about ALEC and our benefits.