Job Description

If you are passionate about performing in-depth analysis of financial data, develop financial models and forecasts, and provide strategic insights to support decision-making and improve financial performance, this may be the position for you! A hybrid work environment is provided for this position as business needs dictate.

  As our Senior Financial Analyst, you will play a key role in advancing the credit union’s financial insight, planning, and performance capabilities. Working independently and reporting to the Vice President of Finance, this position is responsible for analyzing trends, building forecasts, evaluating financial performance, and delivering strategic insights to support data-driven decision-making. The analyst collaborates cross-functionally, supports enterprise reporting initiatives, owns the maintenance of financial software, and plays a vital role in the credit union’s asset/liability management, budget builds and interest rate risk modeling efforts.

Who we are:

We are a consumer-friendly alternative to banking. We offer all the services you're accustomed to, but at better rates and lower fees. That's because we're structured differently than banks. Banks are in business to earn profits for their stockholder investors. Our credit union exists to improve our member's financial well-being. We don't have stockholders. Instead, we're cooperatively owned by our members (account holders). We return our profits to members in the form of higher dividends on savings, lower rates on loans and lower fees.

Our mission is empowering the pursuit of financial happiness and our vision is to become the most beloved financial partner in our communities.

We live by our values of Honesty • Innovation • Generosity • Humility • Excellence • Respect

#beYOU with us! Our Members come from all walks of life and so do our Employees. First Commonwealth encourages Applicants from diverse backgrounds to apply and is proud to be an equal opportunity employer. All qualified Candidates will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, veteran status or any other characteristic protected by applicable law.

What you will do:

Analyze monthly, quarterly, and annual financial performance, including actual vs. budget variances, trend identification, and risk/opportunity analysis. Prepare and present clear, concise financial reports, dashboards, and insights for executive leadership and the Board of Directors. Collaborate cross-functionally to gather and validate key financial inputs, ensuring data integrity and alignment with organizational goals by:

· Creating, designing, implementing and maintaining metric/statistical reports, graphs, and trends. Develops templates/models for various analyses and reporting needs. Assisting the Business Intelligence department in c reating ad-hoc reports for various departments and enhancing financial reporting. Providing analytical support for organizational departments, projects, strategic initiatives and committees.
· Maintaining the organization’s budget, profitability, pricing & CECL software (Jack Henry Financial Performance Suite). Assisting with the creation of the operational and dynamic budgets. Partnering with business unit leaders to evaluate the financial impact of strategic initiatives, capital investments, and resource planning. Aiding in the development of periodic financial forecasts to reassess the expected performance against established goals.  

· Performing product, organization & member profitability analysis and reporting for multiple portfolios and products. Working closely with the lending and member experience teams to understand products, including pricing, strategy, data and assumptions. Assisting with the development, implementation and maintenance of the organizational/department/financial center and product profitability software model.

· Responsible for maintaining the chart of accounts within the ALM model, ensuring it is de-aggregated to a level that supports accurate scenario modeling and products are coded to the correct categories within the ALM model. This role includes maintaining the C. Myers What-if Tool to facilitate effective forecasting and strategic planning. The analyst assists in measuring interest rate risk by performing asset/liability analysis in accordance with established limits and guidelines. They also conduct what-if scenario modeling to support business planning and risk management efforts. Additional responsibilities include verifying the accuracy of ALM data, developing and gathering assumptions used in forecasting, and preparing ALM reports and materials for the ALCO meeting.  

· Aiding in the preparation of the annual external financial audit, NCUA Examination and comprehensive internal audits. Responding and tracking all applicable action items within the prescribed or agreed upon timeline. Assisting with the interpretation and formulation of recommendations.  

· Participating in teams/departments needing assistance to ensure successful achievement of credit union goals. Assisting with financial due diligence for strategic initiatives, partnerships, or mergers and serving as a backup to other positions within Finance/Accounting when needed.

To succeed in this role, you will have:

· Bachelor’s degree in finance, accounting, economics or related fields

·3-5 years of financial institution experience in the area of finance and comprehensive knowledge of the essential functions of the position

· Strong research, analytical and critical thinking skills

· Strong knowledge of Microsoft Office with an emphasis on advanced Excel utilization

· Must be able to perform, interpret and analyze complex financial information

· Self-motivating, able to act on own initiative

· Knowledge and understanding of the credit union products, services, policies and procedures as applicable to Finance and sound understanding of generally accepted accounting principles and concepts

· Understanding of the NCUA policies, procedures and regulations.

· Working knowledge of asset/liability modeling and management

· Strong knowledge of budgeting and forecasting

· Ability to interpret governmental and regulatory issuances and requirements

· Detailed oriented with ability to work collaboratively and independently as appropriate in the accomplishment of work

· Excellent oral, written and interpersonal communication skills

Preference will be given to those who have:

· Master’s degree in finance, accounting, economics or related fields

·5-7 years of financial institution experience in the area of finance

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