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PSECU · 8 hours ago

Financial Analyst III

Harrisburg, PA

Full-time

Hybrid

Mid, Senior Level

4+ years exp

PSECU is a strong financial institution that has been serving its members for 90 years, and they are seeking a Financial Analyst III to join their team. The role involves various financial responsibilities including cash management, financial risk management, forecasting, and providing insights for strategic decision making.

BankingFinancial ServicesLendingNon Profit

Responsibilities

Forecasting & Stress Testing: Partner with the Balance Sheet Strategy team to model balance sheet forecasts and scenarios. Assist in the development, planning, and coordination of the capital planning and stress testing program aligned with regulatory requirements, and address gaps as needed

Financial Risk Management: Evaluate and monitor PSECU’s strategic financial risk profile including interest rate risk, liquidity risk, concentration risk, credit risk and risk to net worth.Gather data, maintain assumptions, make recommendations, and produce advanced monthly ALM (Asset Liability Management) reporting. Prepare and deliver effective ALCO presentations, attend meetings, and prepare minutes to document committee actions.Demonstrate a strong understanding of regulatory risk requirements and reporting

Cash Management: Provide back-up and perform daily cash management functions to ensure sufficient liquidity for daily operations. Monitor and forecast daily cash flows. Make recommendations for improvement or optimization to the Director of Treasury & Financial Modeling. Send wire transfers to fund cash accounts and meet credit union obligations

Strategy Execution & Monitoring: Assist with executing the credit union’s balance sheet strategy. Assist with the settlement of investment and loan purchases or sales.Evaluate the impact of business decisions on PSECU’s balance sheet risk profile and ensure risk measures remain within policy limits

Affirmation: Conduct look back analysis of business decisions on PSECU’s financial risk profile (i.e. interest rate risk, liquidity risk, concentration risk, credit risk, risk to net worth), and develop new strategies to optimize PSECU’s performance in the future.Assist with developing, testing, and documenting the rationale for key model assumptions and make recommendations to the Director of Treasury & Financial Modeling for modifications/enhancements.Lead third party ALM model verifications and risk assessments

Governance: Provides strategic leadership by managing the MALCO and BALCO processes, external auditor relationships, coordinating with third parties, presenting outcomes, and delivering insightful, easy-to-understand commentary to stakeholders

Other duties as assigned