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Senior Financial Analyst information

See Old Lyme, CT salary details

$55.6K

$97.4K

$122.3K

How much do senior financial analyst jobs pay per year?

As of May 28, 2026, the average yearly pay for senior financial analyst in Old Lyme, CT is $97,427.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,400.00 and $107,600.00 per year, depending on experience, location, and employer.

What Does a Senior Financial Analyst Do?

Financial analysts improve a company’s financial profile by aligning accounting decisions with economic trends. Once they have at least 4-6 years of work experience, financial analysts can advance towards a senior financial analyst role. Senior financial analysts closely examine data, then use their findings to advise on investment decisions. They also supervise other members of the finance department, support forecasting, and prepare financial proposals to be approved by the Chief Financial Officer (CFO).

What are the key skills and qualifications needed to thrive as a Senior Financial Analyst, and why are they important?

To thrive as a Senior Financial Analyst, you need advanced financial modeling, data analysis, and reporting skills, typically backed by a degree in finance, accounting, or a related field. Familiarity with financial software such as Excel, SAP, Hyperion, and often a CFA or CPA certification is highly valued. Strong attention to detail, problem-solving ability, and effective communication help you interpret complex data and present actionable insights to stakeholders. These skills are crucial for driving strategic business decisions and ensuring accurate financial planning and analysis.

How does a Senior Financial Analyst typically collaborate with other departments within an organization?

Senior Financial Analysts frequently work cross-functionally, partnering with departments such as operations, marketing, and sales to gather data, understand business drivers, and provide financial insights. They often participate in meetings with department heads to discuss budgeting, forecasting, and strategic initiatives. This collaborative approach ensures that financial analysis aligns with organizational goals and supports effective decision-making. Additionally, Senior Financial Analysts may help train junior analysts and present findings to executive leadership, fostering strong communication and teamwork across the organization.

What are Senior Financial Analysts?

Senior Financial Analysts are experienced finance professionals who analyze financial data, create reports, and provide insights to help organizations make informed business decisions. They often lead financial modeling, budgeting, forecasting, and variance analysis, working closely with management to interpret results and guide strategy. Their role may also involve mentoring junior analysts and presenting findings to executive leadership. Senior Financial Analysts play a critical role in driving financial performance and supporting long-term business planning.

What is the difference between Senior Financial Analyst vs Financial Analyst?

AspectSenior Financial AnalystFinancial Analyst
Required CredentialsBachelor's degree, often CPA or CFA preferredBachelor's degree in finance, accounting, or related field
Work EnvironmentMore strategic, leadership responsibilities, mentoringData analysis, reporting, supporting senior staff
Employer & Industry UsageCorporate finance, investment firms, consultingCorporate, banking, investment, and finance sectors

The main difference is that Senior Financial Analysts typically have more experience, handle complex financial analysis, and may oversee junior staff, while Financial Analysts focus on data collection, reporting, and supporting senior team members. Both roles require similar credentials but differ in responsibility level and strategic involvement.

More about Senior Financial Analyst jobs
What are the most commonly searched types of Financial Analyst jobs in Old Lyme, CT? The most popular types of Financial Analyst jobs in Old Lyme, CT are:
What cities near Old Lyme, CT are hiring for Senior Financial Analyst jobs? Cities near Old Lyme, CT with the most Senior Financial Analyst job openings:
Senior Financial Analyst jobs near you
Financial Analyst

Financial Analyst

CONNEX CREDIT UNION INC

North Haven, CT

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 14 days ago

Job description

Are you looking to have a positive impact on people in your community?  Connex Credit Union is looking for diverse talent who are motivated to improve the financial well-being of others.  We’re a company with a long and successful history where trust is important and exceptional customer service is the standard.  We are committed to our employees, our members and the communities we serve.  If you want to make a difference and be part of a growing, inclusive organization, join us in our mission.

Benefits:

  • Competitive compensation.
  • Medical, Dental and Vision coverage.
  • Paid time off.
  • 401K contributory plan with company match.
  • The opportunity to become involved in community outreach.

The financial analyst (FA) role performs highly analytical and detail-oriented tasks and serves as a key resource to the Executive Vice President | CFO and others on the executive and senior management teams. The FA position is deeply involved in the credit unions financial planning and analysis, forecasting, and financial reporting – each to provide insights that support our strategic decision-making. More specifically, the FA will provide day-to-day support for our asset/liability management (ALM), profitability, and budgeting functions. The FA is also available to other departments for any special projects that require financial analysis and therefore must have a well-rounded knowledge of the industry.

Key Responsibilities

  1. Financial planning, analysis, and reporting: Prepare and analyze monthly financial statements (including management’s discussion and analysis (MD&A)), budget to actual reports, and key performance indicators (KPIs) to assess and report on the credit union’s financial condition and performance.
  2. Interest-rate risk (IRR): Coordinate with third-party vendor to provide data extracts and manage the process for evaluating and reporting on the IRR results to the Asset Liability Committee (ALCO). Ensure that the credit union is measuring and managing appropriate risk objectives that comply with policy objectives and risk limits.
  3. Branch profitability: Coordinate with third-party vendor to provide data extracts and manage the process for evaluating and reporting on the branch profitability results used for decision making purposes. Manages the process for evaluating results and drafting MD&A reporting and reporting to key constituencies.
  4. Budgeting and forecasting: Develop and manage financial forecasts, annual budgets, and long-term financial plans to support strategic objectives.
  5. Financial modeling: Build and maintain financial models to evaluate business scenarios, loan portfolios, investment opportunities, and risk exposure. Analyze trends and evaluate opportunities and work with the CFO and others to develop recommendations to assist in product development, product pricing and other organizational strategic decisions.

Other responsibilities

  1. Regulatory compliance: Ensure financial reports comply with regulations and internal policies, assisting with internal and external audits as well as regulatory filings and inquiries.
  2. Business partnering: Collaborate with internal teams, including accounting, marketing, loan servicing, et al., to provide data-driven insights for decision-making.
  3. Market and competitor analysis: Monitor industry trends, market conditions, and competitor financial performance to identify growth opportunities.
  4. Process improvement: Enhance financial reporting processes and implement automation tools to improve efficiency and accuracy.

Qualifications and Requirements

  • Education: Bachelor’s degree in finance, accounting, economics, or a related field.
  • Experience: 2+ years of experience in financial analysis, preferably within a banking or financial services environment. Experience must include the use of net present value methodology, and financial projection simulation modeling as well as a working knowledge of fixed income products.
  • Technical skills: Proficiency in financial modeling, Excel, SQL, and banking analytics software. Minimum of 1-2 years IRR modeling experience required; 3-5 years of experience preferred.
  • Regulatory knowledge: A working knowledge of accounting principles and banking regulations
  • Analytical thinking: Ability to interpret complex financial data and provide actionable insights
  • Communication skills: Excellent written and verbal communication skills to present financial findings to senior leadership.

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