Senior Financial Analyst

Job DetailsJob Location: Redwood City, CA 94065Position Type: Full TimeSalary Range: $40.00 - $50.00 HourlySr. Financial Analyst   (Redwood City, CA)

 

Job Summary:

The Senior Financial Analyst will conduct extensive financial modeling and quantitative analysis. This role will serve as a strategic and analytical key contributor to support balance sheet strategies including deposit pricing recommendations, hedging/derivative activities, identifying potential acquisition targets, and conducting analysis on product and member profitability. This role reports to AVP, Treasurer, in Finance, with frequent opportunities to directly communicate with executives.

 

Why Provident?

Provident Credit Union was established in 1950 and we rank among the top 10% of credit unions in the US. We believe having a culture that is accepting, supportive, diverse, and inclusive makes us all better. Provident has been a Bay Area “Top Workplace” since 2017, and our employees rank us on Glassdoor as one of the best credit unions in the nation.

Our values are:


Listen
Get Better
Do What’s Right


 

Essential Functions:

Quantitative Modeling and Financial Analysis


Lead the development and improvement of quantitative modeling, including but not limited to the planning, designing, and implementing financial models to support the Credit Union’s strategic goals. This includes leading deposit analytics to support deposit pricing strategy and modeling Asset-Liability-Management (ALM) strategies.
Evaluate financial performance of the Credit Union’s various lines of business (LOB) and assist with decision making by synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics.
Oversee, assess, and conduct asset liability management of interest rate, liquidity, and capital risk, based upon concrete modeling results and data analytics.
Gather, analyze, and disseminate intelligence to monitor the adoption of financial modeling and associated limitations, provide guidance and share best practices across departments.
Ensure the quality and quantity of reporting and analysis for key constituents and management, which may include the Board of Directors, Investor Relations, and/or various regulatory agencies (NCUA and DFPI).
Support new and ongoing projects and strategic initiatives by creating processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities.
Support month-end closing process and business partnering with Accounting throughout quantitative analysis and reporting generation.
Collaborate with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures.
Provide contingent Fund Transfer Pricing (FTP) analysis and reporting.


Investment Portfolio Analysis


Lead liquidity planning, bank account management, and cash forecasting for the Credit Union.
Manage the investment strategy by developing interest rate swap hedging within the Credit Union’s risk appetite, evaluating alternative strategies and assessing outcomes across various market and behavioral scenarios.
Forecast and manage liquidity needs through daily cash flow analysis, to support the Credit Union’s daily operations and balance sheet strategy.


Budget and Forecasting


Create forecasts and budgets by comparing current performance against plan, prior periods, prior forecasts, and budgets and evaluating current and future performance trajectory.
Serve as the key contributor in annual budgeting to quantify and qualify “actual-to-planning” variances through data analytics and research.
Involvement in Forecasting of the GBAM P&L and Balance Sheet including business partner across Finance and Treasury.


Mergers and Acquisitions (M&A)


Research local banking market for potential merger and acquisition candidates to support company growth.
Conduct financial modeling, valuation (DCF, comparable, precedent transactions), and synergy analysis for potential transactions.
Analyze financial statements and assess key business and financial risks of target companies.
Support due diligence processes, working cross-functionally with legal, operations, marketing, and external advisors.


 

QUALIFICATIONS

Education / Work Experience / Knowledge, Skills and Abilities / Who You Are


Bachelor’s degree In Economics, Finance, Mathematics, or Business Analytics, Accounting or Finance, with 7+ years of experience in commercial or investment banking industry is required, Master's degree preferred.
Strong financial analytical and modeling experience in commercial or investment banking industry.
Outstanding quantitative and data analytical skills with “result-driven” perspective.
A “hands-on” problem solver who digs into data and analysis.
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