Enterprise Bank
Senior Financial Analyst
Enterprise Bank, Lowell, Massachusetts, United States, 01856
Enterprise Bank
Senior Financial Analyst
Lowell ,
Massachusetts
Apply Now
Enterprise Bank, is a growing and successful commercial bank where your talents will be recognized. Consistently being recognized both nationally and locally as a “Top Place to Work”, Enterprise Bank team members are as important to us as our core values. Join our dynamic team and experience a unique workplace culture where success is shared, and diversity is celebrated.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 ManagementWorks with the Senior Finance Manager to: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 basisMaintain, 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 proceduresComplete 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”) resultsPresents portions of the ALM Group Presentation for ALM Group (Management ALCO) meetingsPrepare 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 updateU pdate or complete a first review of the Bank’s Liquidity Contingency Early Warning SystemProduce various cash flow analyses and forecastsResponsible for ensuring ALM procedures are written and updated regularlyParticipate in the investment portfolio management process, attends strategy meetings and documents recommended strategiesAt the direction of the Senior Finance Manager:Perform analysis for potential security purchases and sales such as:Total return analysisReviewing cash flow projectionsBreak-even analysisMonitor Agency, MBS and CMO sectors and analyzes new opportunities for the portfolioUtilize Bloomberg to prepare pre and post purchase investment analysisPerform or review investment pricing reasonableness testsPerform or review reasonableness tests for amortization of CMO/MBS Premiums/DiscountsPrepare or review investment transaction report for ALM PresentationPrepare monthly interest rate swap and Risk Participation Agreement (RPA) reconciliation and reviewMonitor derivative collateral position and work with counterparty banks on collateral transfers, as requiredVena / Budget / ProfitabilityWorks under the direction of the Senior Finance Manager:Create Vena templates and workflows related to the budgeting process and ALMMaintain and improve existing Vena templates related to the budgeting process and ALMPrepare or complete first review of the Net Interest Margin BudgetPrepare 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 analysisUse judgement 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 reportsOtherComplete or review the quarterly correspondent bank reviewAssist the Senior Finance Manager with projects, as neededPerform all duties consistent with applicable Federal and State laws and regulations as well as Bank policiesPerform other related duties as assignedExceed customer expectations by following the guidelines outlined in the Customer Experience ProgramThe hours for this position are Monday – Friday 8:30am – 5:00pm.This position is eligible for Hybrid, Remote, or Onsite. Candidates from MA, NH, and ME only.Requirements: Bachelor’s degree in Accounting or Finance from a four-year college or university and four to seven years of related banking, financial reporting/analysis experience or equivalent combination of education and experience.If you don’t meet all the requirements, apply anyway! Our recruiting team considers your entire professional journey. Enterprise team members are made up of more than just their previous titles.Our DEIB Value Statement: At Enterprise Bank, people and relationships come first. We encourage and foster a culture of diversity, equity, inclusion, and belonging where everyone feels valued and respected. We are committed to a caring workplace that recognizes the importance of making a meaningful, positive difference in the lives of our team members, customers, and communities. Please click here (https://www.enterprisebanking.com/inclusion) to view our Inclusion website for more information and to learn more of our story and Core Values.Benefits: We encourage every team member at Enterprise to lead a healthy and balanced life. We offer generous paid time-off programs, exceptional Tuition Assistance, College Loan Repayment, Wellness programs, Employee Resource Groups, opportunities to assist in your community as well as health, dental and life insurance coverage and a generous 401(k) match.Enterprise Bank is an equal opportunity employer and makes employment without regard to race, color, religion, gender, sexual orientation, age, national origin, ancestry, genetic information, gender identity, disability, marital status, active or veteran military status, retaliation, or any other protected status. EOE M/F/Disabled/Vet.QualificationsBehaviorsPreferredFunctional Expert: Considered a thought leader on a subjectThought Provoking: Capable of making others think deeply on a subjectInnovative: Consistently introduces new ideas and demonstrates original thinkingDetail Oriented: Capable of carrying out a given task with all details necessary to get the task done wellDedicated: Devoted to a task or purpose with loyalty or integrityMotivationsPreferredSelf-Starter: Inspired to perform without outside helpGoal Completion: Inspired to perform well by the completion of tasksPeer Recognition: Inspired to perform well by the praise of coworkersAbility to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organizationEqual Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
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Senior Financial Analyst
Lowell ,
Massachusetts
Apply Now
Enterprise Bank, is a growing and successful commercial bank where your talents will be recognized. Consistently being recognized both nationally and locally as a “Top Place to Work”, Enterprise Bank team members are as important to us as our core values. Join our dynamic team and experience a unique workplace culture where success is shared, and diversity is celebrated.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 ManagementWorks with the Senior Finance Manager to: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 basisMaintain, 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 proceduresComplete 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”) resultsPresents portions of the ALM Group Presentation for ALM Group (Management ALCO) meetingsPrepare 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 updateU pdate or complete a first review of the Bank’s Liquidity Contingency Early Warning SystemProduce various cash flow analyses and forecastsResponsible for ensuring ALM procedures are written and updated regularlyParticipate in the investment portfolio management process, attends strategy meetings and documents recommended strategiesAt the direction of the Senior Finance Manager:Perform analysis for potential security purchases and sales such as:Total return analysisReviewing cash flow projectionsBreak-even analysisMonitor Agency, MBS and CMO sectors and analyzes new opportunities for the portfolioUtilize Bloomberg to prepare pre and post purchase investment analysisPerform or review investment pricing reasonableness testsPerform or review reasonableness tests for amortization of CMO/MBS Premiums/DiscountsPrepare or review investment transaction report for ALM PresentationPrepare monthly interest rate swap and Risk Participation Agreement (RPA) reconciliation and reviewMonitor derivative collateral position and work with counterparty banks on collateral transfers, as requiredVena / Budget / ProfitabilityWorks under the direction of the Senior Finance Manager:Create Vena templates and workflows related to the budgeting process and ALMMaintain and improve existing Vena templates related to the budgeting process and ALMPrepare or complete first review of the Net Interest Margin BudgetPrepare 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 analysisUse judgement 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 reportsOtherComplete or review the quarterly correspondent bank reviewAssist the Senior Finance Manager with projects, as neededPerform all duties consistent with applicable Federal and State laws and regulations as well as Bank policiesPerform other related duties as assignedExceed customer expectations by following the guidelines outlined in the Customer Experience ProgramThe hours for this position are Monday – Friday 8:30am – 5:00pm.This position is eligible for Hybrid, Remote, or Onsite. Candidates from MA, NH, and ME only.Requirements: Bachelor’s degree in Accounting or Finance from a four-year college or university and four to seven years of related banking, financial reporting/analysis experience or equivalent combination of education and experience.If you don’t meet all the requirements, apply anyway! Our recruiting team considers your entire professional journey. Enterprise team members are made up of more than just their previous titles.Our DEIB Value Statement: At Enterprise Bank, people and relationships come first. We encourage and foster a culture of diversity, equity, inclusion, and belonging where everyone feels valued and respected. We are committed to a caring workplace that recognizes the importance of making a meaningful, positive difference in the lives of our team members, customers, and communities. Please click here (https://www.enterprisebanking.com/inclusion) to view our Inclusion website for more information and to learn more of our story and Core Values.Benefits: We encourage every team member at Enterprise to lead a healthy and balanced life. We offer generous paid time-off programs, exceptional Tuition Assistance, College Loan Repayment, Wellness programs, Employee Resource Groups, opportunities to assist in your community as well as health, dental and life insurance coverage and a generous 401(k) match.Enterprise Bank is an equal opportunity employer and makes employment without regard to race, color, religion, gender, sexual orientation, age, national origin, ancestry, genetic information, gender identity, disability, marital status, active or veteran military status, retaliation, or any other protected status. EOE M/F/Disabled/Vet.QualificationsBehaviorsPreferredFunctional Expert: Considered a thought leader on a subjectThought Provoking: Capable of making others think deeply on a subjectInnovative: Consistently introduces new ideas and demonstrates original thinkingDetail Oriented: Capable of carrying out a given task with all details necessary to get the task done wellDedicated: Devoted to a task or purpose with loyalty or integrityMotivationsPreferredSelf-Starter: Inspired to perform without outside helpGoal Completion: Inspired to perform well by the completion of tasksPeer Recognition: Inspired to perform well by the praise of coworkersAbility to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organizationEqual Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
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