Treasury Analyst - Branchburg, NJ

Job Description

Job Description

Financial Resources FCU has been designated one of the Best Places to Work in NJ since 2022! At FRFCU, we are "putting people first" and that starts with our employees! Come see why our team members have voted us for Best Places to Work in NJ!

Financial Resources is a not-for-profit federal credit union with locations in Somerset, Hunterdon, Middlesex, Union and Hudson Counties. With a history of serving our members for more than 100 years, we have grown to more than $650 million in assets serving more than 29,000 members with 6 public access branches and a team of 100 employees. We are available Nationwide!

Our Accounting and Finance Department is recruiting for a Financial Analyst. The Financial Analyst is responsible for performing analytical and operational support duties within the Finance Department. The Financial Analyst assists the SVP Finance and Accounting as directed; analyzes financial statements and other related documents; completes analyses on profitability, pricing, peer data, valuations, liquidity, concentration, investment activities, budgeting (including modeling and what if scenarios), loan analytics, and reconciliations; prepares reports of key performance indicators, ad hoc analysis reports and cost/benefit information as needed or requested.

This position is located in Branchburg, NJ and will require on site work, 5 days per week, during the first 90 days of employment. After this, based on satisfactory work performance, you will qualify for our Work/Life Balance program with options to work in the office 3 days per week, remotely 1 day per week and have off 1 day every week. Welcome to our 4 day work week program!

Some of your detailed responsibilities will include, but are not limited to:

• Cash and Liquidity Management
  • Monitor daily cash balances
  • Ensure payroll, vendors, debt payments and other obligations can be met
  • Forecast future cash needs and maintain adequate liquidity
• Investment Management
  • Invest excess cash in appropriate instruments (e.g. money market funds, Treasuries, commercial paper, CDs)
  • Balance safety, liquidity and yield
• Funding and Capital Management
  • Arrange borrowing facilities, bank lines, bonds or other financing
  • Manage the company's debt structure and borrowing costs
• Risk Management
  • Manage interest rate risk, foreign exchange risk, liquidity risk and sometimes commodity price risk
  • Use hedging strategies when appropriate
• Banking Relationships
  • Maintain relationship with banks and financial counterparties
  • Present strategies for negotiation of services, credit facilities and payment systems
• You will help the Department Head oversee:
  • Investment portfolio management
  • Liquidity contingency funding plans
  • FHLB borrowings and other wholesale funding
  • Asset-liability management (ALM)
  • Interest rate risk monitoring
  • Cash flow forecasting
  • Capital and net worth planning

What we offer to our team members:

• A competitive salary
• Generous paid time off
• Health, dental and vision plans for employees and their families
• Health Savings and Flex Spending Accounts
• Short and Long Term Disability Programs
• Parental Leave Programs
• 401K with employer match and potential for additional profit-sharing contributions
• Paid volunteer days
• Opportunities for career advancement and continuous learning and development and tuition reimbursement
• Work/Life Balance Programs

We ask that you have:

• Have a Bachelor's degree in Finance and advanced training/education. MBAs are preferred
• 5 years of progressive work experience in a financial institution, accounting or finance position
• 4 years of financial, ALM, budget and investment experience
• 4 years of experience in performing financial analysis of financial products and services
• Professional, well-developed, interpersonal skills necessary for communicating with members, co-workers and vendors on Credit Union-related matters
• Proficiency in Microsoft Office Applications with advanced Excel skills required. Proficiency in financial modeling
• Thorough knowledge of GAAP

If this job posting is of interest to you, and you meet the minimum requirements, please complete an application so we can talk!