Lead Financial Analyst

At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursement--available to all full and part time employees. Part time positions start at a minimum of 30 hours per week.

We encourage you to become a part of VyStar Credit Union's family of employees.

Lead Financial Analyst

ACCOUNTABILITY STATEMENT

The incumbent will be part of the Financial Planning and Analysis (FP&A) team and will assist the FP&A Manager in carrying out the broader Finance department mission.

The Financial Planning and Analysis (FP&A) function refers to the corporate finance and planning role. This includes all aspects associated with planning, forecasting, analysis and reporting to aid senior management with decision-making. The FP&A team leads the Annual Operating Plan (AOP), or budget, process and prepares profitability analysis for business units, delivery channels, products and members/households. The team also prepares ad-hoc analysis for new business initiatives, products and expansion. These duties require building and maintaining various models using corporate financial management programs such as IBM TM1 and business intelligence/database tools. The FP&A team will work closely with the Financial Risk Management (FRM) team, Advanced Analytics team, Accounting and other business units. The Lead Financial Analyst will support the FP&A function, serving as the lead for profitability analysis at the direction of the FP&A Manager and help mentor others

ESSENTIAL FUNCTION

Modeling:

• Take the lead role in development and analysis of profitability models for business units, delivery channels, products and members/households including activity-based costing, funds transfer pricing (FTP), transaction-driven cost allocations and sensitivity analysis, viewed through the lens of all-in, marginal, historical and pro-forma perspectives
• Take the lead role in the AOP, or budget, process to include implementation of driver-based models to improve the accuracy and speed of forecasts
  • Interact with key stakeholders and business units to develop key performance indicators (KPIs) to help enhance their budgeting process
• Identify key drivers of risk and opportunity and develop tools and reporting to track the performance of new business initiatives
• Translate business performance data into insightful analysis, recommendations, and presentations for senior leadership
• Be the primary department contact for business case analysis/validation and ad-hoc analysis/projects to support strategic decisions to include design, development, testing, implementation and documentation
• Develop and implement corporate scorecards for various business units to include reporting and dashboards
• Develop and maintain a rolling corporate forecast for non-interest income and non-interest expense to be included in the ALM model
• Analyze branch expansion models to assist management in strategic initiatives
• Assist in the monthly Allowance for Loan Losses analysis and work with the FRM team to develop a new Current Expected Credit Loss (CECL) model in accordance with State and NCUA regulations
• Develop deposit pricing models and recommendations for presentation to the Asset-Liability Committee (ALCO) to include cost analysis and marginal costs
• Automate data gathering, reports and presentations to include financial statements, variance reporting, ratios, slides and other analysis
• Analyze the monthly Return on Assets decomposition model and explain variances
• Keep informed of changes in regulations with the State of Florida and NCUA and adjust reporting in all FP&A areas to maintain compliance
• Create, maintain and enhance various models to assist the FRM team with liquidity reporting and asset-liability management
• Extract data from business intelligence databases or other sources using data mining tools such as SQL, VBA, Crystal Reports, Monarch or other methods

Financial Decision Support & Reporting:

• Ability to translate business data into digestible and actionable information
• Ability to guide business units to help them achieve strategic goals
• Mentor other analysts on initiatives and provide leadership and guidance on key projects
• Promote continual process improvements and automation
• Take initiative in supporting analysis and models for both the FP&A and FRM functions
• Excellent skills in ensuring reporting is complete, accurate and balances to the overall financial reports
• Develops clear and concise written analysis of modeling results for presentation to business units, ALCO, senior management and the Board of Directors
• Document and maintain all work processes and models used for FP&A functions
• Effectively support the Finance team with requirements for the annual regulatory examination by the State of Florida and NCUA

JOB KNOWLEDGE, SKILLS & ABILITIES

Required:

• Avid and positive team player
• Strong analytical capabilities with knowledge of accounting/financial reporting and financial modeling
• Strong leadership skill and the ability to coach and mentor other analysts
• Strong communication skills including presentation, interpersonal and writing skills
• Ability to work independently, work on multiple projects simultaneously and is a self-starter
• Exhibits flexibility and willingness to take on new responsibilities and assignments
• Advanced knowledge of profitability in conjunction with Funds Transfer Pricing (FTP), with strong knowledge of profitability/corporate performance management (CPM) software such as Workday TM1, SAS or others.
• Working knowledge of data analysis and/or programming languages such as SQL, Python or others
• Ability to understand regulatory compliance
• Advanced skills in Excel, PowerPoint and Word

EDUCATION

Required:

• Bachelor's degree in Finance, Accounting, Economics or related area. Other education or experience may be considered.
• 5+ years of functional experience with profitability, budgeting and data analysis activities
• 5+ years of experience in Financial Analytics/Modeling/Valuation using Workday, IBM PA/TM1, ZM, SAS or other profitability, budgeting or forecasting systems/models
• 4+ years of experience in quantitative modeling and/or data analysis tools such as SQL, Python, R or SPSS.6-10 years of related experience

Highly Preferred:

• Masters of Business Administration (MBA) or Master's Degree in a Quantitative or finance discipline or Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) designation or working toward one of these
• Strong knowledge of credit union/bank products and services
• High Proficiency in data analytics

DISCLAIMERS AND WORK ENVIRONMENT

Nothing in this position description is an implied contract for employment. The position description is intended to be an accurate account of the essential functions. The functions are not all encompassing and are subject to change at any time by management.

The work environment characteristics described are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

As required or requested, may exert up to 20 pounds of force occasionally and/or a negligible amount of force constantly to lift, carry, push, pull or otherwise move objects.

VyStar Credit Union is not seeking outside assistance or accepting unsolicited resumes from staffing agencies or search firms for employment or contractor opportunities. Any resumes submitted by an outside vendor to any employee at VyStar via e-mail, internet, or directly to hiring managers without a valid written search agreement with the Talent Acquisition / HR department will be deemed the sole property of VyStar Credit Union.

No placement fee will be paid if a candidate is hired as a result of the referral, or through other means.

Thank you for your inquiry regarding our current job opening. Your resume will be carefully reviewed against the position requirements. Should your experience and skills match, you will be contacted by one of our Human Resources department staff members.

Thank you again for your interest in this position!

VyStar Credit Union Human Resources