Manager - Financial Analysis (Chatsworth)

Description

Job Title:  Manager, Financial Analysis

At Premier America Credit Union, our Core Purpose is to serve our members by making it easier to meet today’s needs and reach tomorrow’s dreams. Talented team members succeed in our organization by demonstrating a commitment to our shared values of accountability, friendliness and respect, a passion for delivering great service, giving back to our communities, and pursuing personal growth. Come grow with us and be part of growth and the Premier America family!

Overview: 

Premier America is seeking a Manager, Financial Analysis, who will oversee the development of programs and/or models that evaluate the organization’s asset/liability strategy. The role monitors and reports on interest rate risk and liquidity risk. Also assists in the development and deployment of strategies designed to mitigate these risks; and is a key contributor to the development of the annual corporate budget

.

What You Will Do: 

• Assumes responsibility for Asset-Liability Management, Funds Transfer Pricing, Balance Sheet Modeling, and Profitability solutions. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
• Assumes responsibility for the development of annual budget/forecasts and monitoring of budget/forecast progress by reporting variances from the established budget.
• Manages the annual budget coordination/preparation/ consolidation process, integrate budget data in the Prologue GL system, and manage preparation of monthly budget variance reports for management comments or explanation. 
• Uses the ALM solution to forecast interest margins under different scenarios to test/validate annual balance sheet and income statement forecasts for Premier America’s Business Plans.
• Conducts annual training for participants and stakeholders in Premier America’s budget preparation process.
• Assumes responsibility for Allowance for Credit Losses adequacy assessment and Current Expected Credit Losses calculation. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
• Gathers data from all internal and external sources, validate, balance, and upload into nCino system; review/modify CECL parameters as needed. Gather/review/modify data, assumptions, and methodologies utilized by the nCino model.
• Interpret results and/or make recommendations to management regarding the results of model runs and how to continuously improve efficacy and soundness of the systems.
• Assumes responsibility for the effective performance of financial analysis and reporting, including:
•      a. ALM validation and ALM assumptions – works with third party  service providers as needed regarding model validation,          prepayment assumptions, and non-maturity deposit studies.
•      b. CECL validation and CECL assumptions – works with third party service providers as needed regarding model validation and methodology selection validation.
•      c. Liquidity management – works with third party service providers as needed to ensure availability of Premier America’s credit lines.
•          i. Manages pledging of loan and securities collateral to the Federal Reserve Bank.
•          ii. Manages processing of borrowing transactions in the Prologue Investment Accounting system and manual processing of certain borrowing payments.
•          iii. Manages required liquidity reporting and monitoring.
•      d. Hedging management – work with third party service providers as needed to support Premier America’s hedging activity.
•          i. Manages pledging of collateral to derivatives counterparties.
•          ii. Manages required hedging reporting and monitoring.
•      e. Regulatory and Management Reports – Assist in Call Report preparation by managing quarterly calculation of insured and uninsured shares, weighted yields, costs of loans and shares, and other schedules as needed with accuracy and timeliness.
•          i. Manages preparation and filing weekly FR2900 reports.
•          ii. Manages preparation of weekly cash flow projections and share & loan reports for Product & Pricing Committee.
•          iii. Manages preparation of regular monthly and other reports on request for the President/CEO, other members of management, auditors, and regulatory examiners.
•      f. Manages interest rate risk modeling solution, funds transfer pricing modeling solution, liquidity analyses, what-if analyses, and manages preparation of related reports.
• Provides support to ALCO Committee, Board Finance Committee, Product & Pricing Committee, the Accounting Department, and other departments as assigned.
• Assumes