What are the responsibilities and job description for the Financial Analyst position at First Mid?
At First Mid, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e., bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements.
This position is on-site in Mattoon, IL.
Responsible for supporting the company’s financial operations through accurate reporting, effective management of certain investment activities, and compliance with regulatory requirements. This role involves preparing and maintaining critical financial reports, performing research and analysis, managing investment pledges, and daily monitoring of FHLB, Federal Reserve, and correspondent banking accounts. The job functions also include occasional assistance with projects, audit and exam related procedures, and accounting processes. Solid analytical, organizational, and communication skills are essential for success in this position.
Responsibilities include, but are not limited to:
· Manage investment pledges for public funds customers, ensuring compliance with regulatory and contractual requirements.
· Maintain ongoing communication with public funds customers to ensure pledging signatures are added and released in a timely manner.
· Collaborate with Treasury Management personnel to ensure the timely removal of pledging when accounts are moved to IntraFi and/or other related platforms.
· Prepare and maintain accurate and timely reports for use by the Finance Team, Asset-Liability Committee (ALCO), Senior Management, and Board of Directors.
· Oversee the preparation and distribution of daily Cash Position Reports, maintaining accuracy and consistency in reporting practices.
· Monitor and report correspondent activities related to Regulation F, ensuring compliance with all applicable guidelines.
· Maintain accurate and up-to-date documentation for correspondent bank accounts, including account agreements, account activity, and user access.
· Administer interest payments and accounting for brokered CDs and other specified investments, ensuring timely processing and accurate records.
· Assist with the procedures and collection of reports related to internal audit, external audit, and/or regulatory exams, ensuring timely and accurate submission of required documentation.
· Collaborate with finance, accounting, and operational teams to ensure alignment and accuracy across investment and financial activities.
· Assist in ad hoc reporting and analysis projects as required to support management decision-making.
· Complete required training associated with job functions and ensure adherence to all internal policies and applicable regulatory standards.
· Perform other duties as assigned.
Qualifications
Education/Experience:
- Bachelor’s degree with major in accounting or finance, and/or a minimum of 5 years’ experience in an accounting/financial reporting role.
Skills:
- Ability to drive success through by taking initiative in learning, developing and implementing processes and procedures across multiple functional areas.
- High level of interpersonal skills so as to effectively communicate complex issues with colleagues, management and external constituents.
- Good analytical skills in order to analyze financial and procedural data.
- Adequate knowledge of both internal policies and procedures and the respective state and federal laws and regulations governing accounting functions to ensure performance of job duties within the proper control environment.
First Mid Bancshares, Inc. is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.
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