The Computer Merchant, Ltd.
Senior Financial Analyst
The Computer Merchant, Ltd., Lowell, Massachusetts, United States, 01856
JOB TITLE:
Senior Financial Analyst
JOB LOCATION:
Lowell MA
WAGE RANGE:
80K-100K
JOB NUMBER:
24-01621
Job Description
What You'll Do:
The Senior Financial Analyst exhibits strong working knowledge over the primary areas of Finance, including Asset-Liability Management (ALM), Fixed Income Securities, Liquidity, Budgeting, and Profitability to support senior management decision making, and is able to exercise judgment and work independently to complete a first draft or review of all required reporting over these areas. This position works closely with our budgeting software to create and maintain templates and workflows and to lead training sessions for the cost center managers. Additionally, the Senior Financial Analyst is responsible for maintaining, updating, and validating the Asset Liability simulation model including inputs, assumption validation, analysis, and reporting. This individual also provides support for the Bank's investment portfolio and prepares the revenue center profitability report and cover memo to the board of directors highlighting key changes in profitability.
Essential Functions & Responsibilities
Asset-Liability/Liquidity Management
Build the Board of Directors ALM presentation and appendix material package, ensuring that all required analysis, procedures, and documentation are completed on the required schedule basis.
Maintain, update, and perform analyses and reporting on the Asset Liability simulation model including: data compilation, assumption validation, quarterly net interest income scenario comparisons, identification of variances, potential issues/preparing detailed written explanations, and performing back-testing procedures.
Complete first review of Asset Liability simulation model results as prepared by the Financial Analyst II or I.
Prepare and perform analysis and reporting or completes a first review of the quarterly Economic Value of Equity ("EVE") results.
Presents portions of the ALM Group Presentation for ALM Group (Management ALCO) meetings.
Prepare the quarterly ALM Presentation including areas such as liquidity, capital adequacy, interest rate sensitivity, balance sheet position, strategy updates and fixed income investment portfolio strategy and performance update.
Update or complete a first review of the Bank's Liquidity Contingency Early Warning System.
Produce various cash flow analyses and forecasts.
Responsible for ensuring ALM procedures are written and updated regularly.
Investment Portfolio
Participate in the investment portfolio management process, attends strategy meetings and documents recommended strategies.
At The Direction Of The Senior Finance Manager
Perform analysis for potential security purchases and sales such as:
Total return analysis.
Reviewing cash flow projections.
Break-even analysis.
Pro-forma portfolio allocations.
Monitor Agency, MBS and CMO sectors and analyzes new opportunities for the portfolio.
Utilize Bloomberg to prepare pre and post purchase investment analysis.
Perform or review investment pricing reasonableness tests.
Perform or review reasonableness tests for amortization of CMO/MBS Premiums/Discounts.
Prepare or review investment transaction report for ALM Presentation.
Derivatives
Prepare monthly interest rate swap and Risk Participation Agreement (RPA) reconciliation and review.
Monitor derivative collateral position and work with counterparty banks on collateral transfers, as required.
Vena / Budget / Profitability
Create Vena templates and workflows related to the budgeting process and ALM.
Maintain and improve existing Vena templates related to the budgeting process and ALM.
Prepare or complete first review of the Net Interest Margin Budget.
Prepare revenue center profitability analysis and reporting.
Liaison for cost center budget managers, working with them to ensure proper completion of their annual budget and quarterly budget versus actual analysis.
Use judgment and decision making to provide budgeting and reporting process support including: analyzing bank-wide trends, evaluating or reviewing assumptions, reporting on budget versus actual results, and preparing management reports.
Other
Complete or review the quarterly correspondent bank review.
Assist the Senior Finance Manager with projects, as needed.
Perform all duties consistent with applicable Federal and State laws and regulations as well as Bank policies.
Perform other related duties as assigned.
Exceed customer expectations by following the guidelines outlined in the Customer Experience Program.
Equal Opportunity Employer Veterans/Disabled
While an hourly range is posted for this position, an eventual hourly rate is determined by a comprehensive salary analysis which considers multiple factors including but not limited to: job-related knowledge, skills and qualifications, education and experience as compared to others in the organization doing substantially similar work, if applicable, and market and business considerations. Benefits offered include medical, dental and vision benefits; dependent care flexible spending account; 401(k) plan; voluntary life/short term disability/whole life/term life/accident and critical illness coverage; employee assistance program; sick leave in accordance with regulation. Benefits may be subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions.
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Senior Financial Analyst
JOB LOCATION:
Lowell MA
WAGE RANGE:
80K-100K
JOB NUMBER:
24-01621
Job Description
What You'll Do:
The Senior Financial Analyst exhibits strong working knowledge over the primary areas of Finance, including Asset-Liability Management (ALM), Fixed Income Securities, Liquidity, Budgeting, and Profitability to support senior management decision making, and is able to exercise judgment and work independently to complete a first draft or review of all required reporting over these areas. This position works closely with our budgeting software to create and maintain templates and workflows and to lead training sessions for the cost center managers. Additionally, the Senior Financial Analyst is responsible for maintaining, updating, and validating the Asset Liability simulation model including inputs, assumption validation, analysis, and reporting. This individual also provides support for the Bank's investment portfolio and prepares the revenue center profitability report and cover memo to the board of directors highlighting key changes in profitability.
Essential Functions & Responsibilities
Asset-Liability/Liquidity Management
Build the Board of Directors ALM presentation and appendix material package, ensuring that all required analysis, procedures, and documentation are completed on the required schedule basis.
Maintain, update, and perform analyses and reporting on the Asset Liability simulation model including: data compilation, assumption validation, quarterly net interest income scenario comparisons, identification of variances, potential issues/preparing detailed written explanations, and performing back-testing procedures.
Complete first review of Asset Liability simulation model results as prepared by the Financial Analyst II or I.
Prepare and perform analysis and reporting or completes a first review of the quarterly Economic Value of Equity ("EVE") results.
Presents portions of the ALM Group Presentation for ALM Group (Management ALCO) meetings.
Prepare the quarterly ALM Presentation including areas such as liquidity, capital adequacy, interest rate sensitivity, balance sheet position, strategy updates and fixed income investment portfolio strategy and performance update.
Update or complete a first review of the Bank's Liquidity Contingency Early Warning System.
Produce various cash flow analyses and forecasts.
Responsible for ensuring ALM procedures are written and updated regularly.
Investment Portfolio
Participate in the investment portfolio management process, attends strategy meetings and documents recommended strategies.
At The Direction Of The Senior Finance Manager
Perform analysis for potential security purchases and sales such as:
Total return analysis.
Reviewing cash flow projections.
Break-even analysis.
Pro-forma portfolio allocations.
Monitor Agency, MBS and CMO sectors and analyzes new opportunities for the portfolio.
Utilize Bloomberg to prepare pre and post purchase investment analysis.
Perform or review investment pricing reasonableness tests.
Perform or review reasonableness tests for amortization of CMO/MBS Premiums/Discounts.
Prepare or review investment transaction report for ALM Presentation.
Derivatives
Prepare monthly interest rate swap and Risk Participation Agreement (RPA) reconciliation and review.
Monitor derivative collateral position and work with counterparty banks on collateral transfers, as required.
Vena / Budget / Profitability
Create Vena templates and workflows related to the budgeting process and ALM.
Maintain and improve existing Vena templates related to the budgeting process and ALM.
Prepare or complete first review of the Net Interest Margin Budget.
Prepare revenue center profitability analysis and reporting.
Liaison for cost center budget managers, working with them to ensure proper completion of their annual budget and quarterly budget versus actual analysis.
Use judgment and decision making to provide budgeting and reporting process support including: analyzing bank-wide trends, evaluating or reviewing assumptions, reporting on budget versus actual results, and preparing management reports.
Other
Complete or review the quarterly correspondent bank review.
Assist the Senior Finance Manager with projects, as needed.
Perform all duties consistent with applicable Federal and State laws and regulations as well as Bank policies.
Perform other related duties as assigned.
Exceed customer expectations by following the guidelines outlined in the Customer Experience Program.
Equal Opportunity Employer Veterans/Disabled
While an hourly range is posted for this position, an eventual hourly rate is determined by a comprehensive salary analysis which considers multiple factors including but not limited to: job-related knowledge, skills and qualifications, education and experience as compared to others in the organization doing substantially similar work, if applicable, and market and business considerations. Benefits offered include medical, dental and vision benefits; dependent care flexible spending account; 401(k) plan; voluntary life/short term disability/whole life/term life/accident and critical illness coverage; employee assistance program; sick leave in accordance with regulation. Benefits may be subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions.
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