Job Information
Corning Federal Credit Union Financial Analyst in Corning, New York
Financial Analyst Location:This opportunity is available in the Corning, NY, greater Wilmington, NC and Myrtle Beach, SC areas. Remote work options will also be considered in PA, NC, SC, GA, TX, and much of NYS.Corning Credit Union is seeking Financial Analyst to join our Finance team.Corning Credit Union (CCU) is one of the leading credit unions in the nation with $2.4 billion in assets and more than 160,000 members worldwide. Headquartered in Corning, NY, we also have facilities in Wilmington, NC, Myrtle Beach, SC, and Franklin County, PA. We're committed to helping our members prosper by being a trusted advisor for financial services. CCU’s vision is simple: “To provide better service to our members than they receive anywhere else in the world.” Our growth is fueled by that vision, and it doesn’t stop with our members. We are also committed to fostering a strong service culture within the organization. Teamwork, open communication, and valuing the individual are just a few of the key performance standards that help us provide an exceptional work environment for our outstanding team. If you share our passion for serving others, then CCU is the place for you to build a rewarding career. In addition to the vast opportunities that exist within the organization, CCU also offers a competitive base salary and annual bonus plan along with an exceptional benefits package. With a strong emphasis on our team and dedication to excellent customer service, Corning Credit Union continues to be an employer of choice across the markets we serve.Role Summary: The Financial Analyst will play a key role within the Finance team supporting the Credit Union’s interest rate risk management, liquidity management, and earnings strategies. In addition, the Financial Analyst will assist in the further development of tools and capabilities to support risk management and earnings generation. Essential Job Duties•Assists in the the short- and long-term financial forecasting process. This will include supporting work with trend analysis, assumption review, and ongoing communication with key stakeholders.•Supports the interest rate risk (IRR) modeling process by supporting the reconciliation process, updating assumptions, and analyzing results. Collaborates internally and externally with our vendor to generate timely output to inform balance sheet strategy. •Assists in creating updated forecast and risk reporting provided to the Asset Liability Committee (ALCO), Finance Committee, and Board of Directors.•Assists in monitoring the credit union’s financial risk sensitivity positions, risk exposures and underlying drivers resulting from balance sheet trends.•Assists in the development and refinement of ongoing product profitability analysis. •Provides support in the further development and continuation of liquidity management including measuring and managing short and long term needs. This may include the expansion and optimization of external liquidity sources with FHLB, FRB, and via the brokered channel.•Plays a supporting role in the setup, testing, and implementation of forecast and internal IRR software.•Provides operational support related to the investment portfolio, interest rate derivatives, and loan pool transactions. •Assists with ad hoc financial analysis throughout the organization where necessary.•Also assumes responsibility for other projects or duties as required or assigned.Required Competencies•Possesses thorough understanding of financial statement structure and inter-relationships, along with the ability to analyze and interpret ongoing changes.•Ability to manipulate and analyze large datasets.•Possesses exceptional organizational, analytical, and problem-solving skills.•Ability to manage multiple projects and priorities.•Excellent verbal, written, telephone and interpersonal communication skills and must possess a strong service orientation.•Ability to work independently yet collaborate cross-functionally in a team environment.•Has excellent judgment and the ability to make sound decisions and think outside the box when working with complex situations.•Keen ability to balance the “bottom line” with our culture and member service philosophy.•Possesses strong computer skills and is experienced with various Microsoft programs including Outlook, Word, and Excel. Strong knowledge of Excel capabilities required.Education Requirements•A Bachelor’s degree in Finance or Accounting is preferred. Commensurate work experience will also be considered. •Possession of or progression towards Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or Financial Risk Manager (FRM) designation a plus.Experience Requirements•1 - 5 Years of related experience required.•Experience working in a financial institution is preferred.Communication Skills Requirements•The ability to read and comprehend moderate to advanced instructions and correspondence.•The ability to write moderate to advanced correspondence within professional etiquette standards.•The ability to effectively present information in one-on-one and group situations.Physical Requirements Reasonable accommodations may be made to enable individuals with disabilities to perform the role.•Ability to work within in a moderately noisy, fast paced environment.•Regular use of computer required.•Specific vision abilities required by this position include close vision, ability to adjust focus from computer to paper and/or close range to long range.Compensation - The starting Financial Analyst I base pay range is $60,000 - $76,000 per year and the Financial Analyst II is $68,000 - $88,000 per year. Hiring rates are dependent on several factors, including years of related work experience, education, and geographic location. Corning Credit Union also offers an annual bonus plan as part of its comprehensive compensation package. Additionally, most roles have further levels providing added growth opportunities and earnings potential. An Equal Opportunity Employer. Corning Credit Union values diversity and is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. Pay transparency nondiscrimination provision. The 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).
Minimum Salary: 60,000 Maximum Salary: 88,000 Salary Unit: Yearly