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Provident Bank · 1 day ago

Asset Liability Analyst I

Iselin, NJ

Full-time

Onsite

Entry Level

$51K/yr - $73K/yr

1+ years exp

Provident Bank is a highly regarded financial institution in New Jersey committed to enhancing customer and employee experiences. The Asset Liability Analyst I will assist the Asset Liability Manager in maintaining the Asset Liability Model, preparing presentations, and analyzing loan and deposit pricing.

Financial Services

Responsibilities

Ensures that the asset/liability simulation software and relative systems are functioning properly and coordinates any updates or changes to the system

Ensures proper backups are performed and disaster recovery plans are up to date and in force

Assists in the preparation of the current position data and forecast assumptions for the asset liability, capital and liquidity stress testing models

Test the assumptions for validity to ensure that a viable model is maintained and appropriate results are generated. This includes rate forecast, cash flow or prepayment, rate spread, and balance sheet growth assumptions

Assists in running a variety of simulations in the model on a monthly basis for the purpose of strategy development and interest rate risk measurement and management

Assists in preparing a presentation package to the ALCO and Pricing committees. Attends monthly ALCO and Pricing meetings, records and distributes the minutes

Reviews and updates the model documentation and procedures for the asset liability, capital and liquidity stress test models

Participates in various special tasks and projects as requested by management including preparation of various department reports

Qualification

Asset liability management softwareFinancial analysisExcelAccounting principlesEconomic conceptsData analysisMathematical conceptsCommunication skills