Financial Analyst

Summary of Position

The Financial Analyst is responsible for preparing monthly financial reports for presentation at the monthly Board of Directors meetings. The Financial Analyst works closely with the VP, Financial Analysis Officer in preparing monthly and quarterly regulatory reports and assisting in reviewing various daily, weekly, monthly and annual reports utilizing accounting principles.

Essential Functions and Duties

• Responsible for preparing and creating monthly financial reports for presentation at the monthly Board of Directors meetings
• Prepares and analyzes budget vs actual variances. Investigates and notates any discrepancies and advises other departments to make necessary corrections
• Communicate findings and recommendation on financial report analysis
• Perform business cases and financial models.
• Update and track business cases for strategic initiatives
• Responsible for preparing and analyzing the monthly provisions
• Assist in expense management vs budget for accuracy and allocation
• Update reports sent to the Bank’s Affiliates
• Evaluate financial data and update queries
• Update monthly, quarterly, and annual regulatory reports (ie., Census, BEA, Qualified Public Depositor (QPD))
• Perform ad hoc reports and presentations
• Performs other functions and/or duties as assigned
• Study business and economic trends and stay updated with industry regulations
• Responsible for completing annual training program assigned.

Qualifications Requirements

• Education: Bachelor’s Degree in related field.
• Experience: Three (3) years of experience in the Banking industry or in Finance.
• Advance computer skills including but not limited to proficiency in Microsoft Office (Word, Excel, Power Point, etc.)
• Bilingual in both English and Spanish a plus
• Strong verbal and written communication skills, ability to communicate at all levels of the organization.
• Strong attention to detail and accuracy.
• Ability to multi-task, with strong organization, time-management and prioritizing skills.
• Strong customer service skills, ensuring satisfaction of internal customers.
• Intermediate knowledge of accounting principles, budgeting, and financial reporting related functions.
• Intermediate knowledge of related State and Federal banking compliance regulations and operational policies.
• Ability to understand and comprehend instructions, procedures and policies ensuring compliance with the Bank’s policies and procedures.
• Problem solving and analytical skills in order to identify problems.