Quantitative Financial Analyst Intern Jobs in Raleigh, NC

If you are motivated and believe in the credit union philosophy of "People Helping People," join our team!

Position Overview:

The role focuses on performing accurate project financial analysis for projects over the defined baseline amount in investments as well as analyzing financial impacts for material contract renewals. Support leadership by providing better financial data to make sound investment decisions to support SECU's liquidity goal. The role is crucial in overseeing the financial aspects of various projects for all of SECU by collaborating with cross functional teams to monitor actual project spend against approved project budget to prevent overspending.

Essential Responsibilities:

Note: Please include the weighted % for each responsibility. Each responsibility should be weighted at least 10%. This list is not intended to be exhaustive but should represent actions which lead to a business result. Please include highest priority first, descending in importance/impact. Limit responsibilities to 6 bullet points.

• 30% Perform financial analysis and create business case for projects. Understanding and comparing current to future costs in both Cash and Profit & Loss view, perform net cash flow, net present value, internal rate of return, payback period, cost avoidance and incremental earnings analysis.
• 30% Perform financial analysis and create business cases for contract Renewals. Understanding and comparing current to future costs in both Cash and Profit & Loss view, perform net cash flow, net present value, internal rate of return, payback period, and cost avoidance analysis. (Weighted %) Description of responsibility
• 20% Collaborate with Project Managers and/or project owners to ensure project forecast is accurately updated monthly. Oversee actual spend and ensure expenses are being charged towards respective projects and processed by accounting team accurately. Investigate expense discrepancies as necessary.
• 15% Perform Post Project Implementation analysis and review. Review all invoices, gathering actual spend, resource utilization and project implementation timeline information and compare against original approved business case. Prepare power point slide to explain main cause of variances to leadership.
• 5% Prepare monthly project spend variance report, create and close project codes in Workday as necessary & other ad hoc analysis

Required Education & Experience (Knowledge, Skills, & Abilities):

• 2 years related experience required
• Bachelor's degree in accounting, Finance or related fields
• Familiar with Cash and Profit & Loss analysis
• Familiar with NPV, IRR, Payback period, ROI analysis
• Familiar with capitalization, depreciation, amortization asset lifecycle accounting principles
• Experience in financial budgeting, forecasting and variance analysis
• Experience in financial analysis, preferably in project finance
• Experience in creating various monthly reports
• Experience in process simplification/improvements
• Experience in financial modeling
• Proficient in Microsoft Excel. PowerPoint, and other basic software products
• Ability to collaborate effectively with cross-functional teams
• Ability to work under pressure and meet tight deadlines and work through multiple iterations of work when necessary.
• Ability to synthesize financial information into concise, insightful and actionable recommendations
• Excellent communication and presentation skills
• Excellent quantitative and analytical problem-solving skills
• Exceptional attention to detail related to providing accurate and timely data
• Must possess strong judgement, professional maturity and personal integrity
• Must Possess strong interpersonal, verbal and written communication skills
• Comfortable interacting with and presenting to all levels of management

Preferred Education & Experience (Knowledge, Skills, & Abilities):

• 2-5 Years of related experience
• Proficient in Workday Financial Tool
• Proficient in Clarity Project Management Tool
• Experience creating dashboards in PowerBI
• Knowledge of project management principles and practices
• MBA or similar degree

Job Environment & Physical Requirements:

• Hybrid expectations
• Sitting for prolonged periods
• Telephone for prolonged periods
• Computer for prolonged periods

SECU provides equal employment opportunity to all qualified persons regardless of race, color, religion, age, sex, sexual orientation, gender identity, national origin, genetic information, disability, veteran status, or other classification protected by law.

Disclaimer

State Employees' Credit Union reserves the right to fill this role at a higher/lower level based on business need.