What are the responsibilities and job description for the Financial Analyst position at University of Michigan Credit Union?
Are you looking for an exciting new opportunity? Here at UMCU we are passionate about our team members’ growth, success and contribution to our amazing company culture. Consider joining the University of Michigan Credit Union (UMCU) a pillar of the local community for 70 years.
UMCU is currently searching for a bright, professional and friendly Financial Analyst. The Financial Analyst will be responsible for analyzing the financial results associated with various strategic decisions of the Credit Union. Assists with evaluating and mitigating risks of the credit union including but not limited to interest rate risk and credit risk. Assists with liquidity and asset liability management of the Credit Union.
What's in it for you?
- UMCU was recently named one of Michigan's top workplaces by the Detroit Free Presses Top Workplace Awards Program as well as the Best and Brightest Top WorkplaceGenerous medical, dental, vision, 401k, tuition reimbursement and student loan debt repayment, parental leave and plenty of additional amazing benefits!
- Great downtown Ann Arbor location and we pay for the parking
- Paid time off including personal time, sick, vacation and even give back time to volunteer in the community
- Be part of a fast growing organization that gives back to the community it serves
What you will be doing in this role:
- Creates and prepares monthly financial studies and analysis that assist management and the board in making strategic decisions.
- Reviews the investment portfolio and ensures the Credit Union maintains acceptable levels of interests and liquidity risk.
- Assists with Asset Liability Management reporting and presentation, investment strategies and implementation and cash management.
- Assists with ALCO and provides the necessary reports and analysis for Credit Union strategies.
- Assists with the analysis and management of data related resources (such as MCIF, VISA Analytics Platform, etc.).
- Assists with the preparation of the Credit Union's annual operating budget and forecast for approval by the Board.
- Assists with the month end general ledger closing process and profitability analysis to create recommendations on efficiencies in all departments.
- Assists with the preparation and evaluation of reports reflecting the financial position of the credit union as well as those required by regulatory agencies.
- Responsible for the annual review of all financial contracts. Analyzes each contract and provides strategies for cost reductions and contract renewals.
- Participates in the formulation of new financial policies and systems, and makes decisions within existing policies as they have been approved by Management and the Board of Directors.
- Maintains Credit Union compliance with Federal and State laws and regulations. Works with the Internal Audit Department, external auditors, and NCUA examiners
- Is aware of and will follow all credit union policies and procedures regarding BSA, OFAC, U.S. Patriot Act, Anti-Money Laundering and Customer Identification Program.
- Volunteers in various activities with UMCU or EMCU partners and in the community; occasional or limited onsite responsibilities needed to serve the team and membership.
- Cooperates with team or committee decisions.
- Understands the problems and concerns of others and provides quality service.
- Responsible for security of credit union property and data.
What you will need for this role:
- Bachelor degree in Finance or Accounting or Business Administration
- 2-3 years accounting or finance related experience
- Proficient in Microsoft office
- Ability to compile and analyze data and prepare reports
- Excellent verbal and written communication skills
Physical Demands/Work Environment
- The environment is typical of an office atmosphere. The noise level in the environment is usually moderate.
- While performing the duties of this job, the team member is frequently required to sit; use hands to finger, handle, or feel; and talk or hear. The team member is required to stand, walk, and reach with hands and arms. The team member must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision.
