Sr. Financial Analyst

Sr. 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.