Financial Analyst
- $68,500 to $90,000 Yearly
- dental, life insurance, medical, 401k,
- Full-Time
The Financial Analyst is primarily responsible for providing risk reporting and loan loss modeling for the Finance Department. Additionally, the Financial Analyst will be responsible for supporting areas of the financial budgeting and profitability processes as assigned.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
• Supports the Risk Analytics group in the calculation and refinement of the ACL (Allowance for Credit loss reserve) process.
• Supports the Risk Analytics group by analyzing production and portfolio trends, credit performance including delinquency, severity of losses and providing feedback on emerging and non-traditional products.
• Supports the Risk Analytics group to develop effective modeling to accurately represent the risks and estimates developed and provided by various business units.
• Assemble, compile, and analyze information, and resolve errors/inconsistencies in data from various systems.
• Assists in Asset Liability Management, conducts the analysis and works with another senior financial analyst.
• Works with VP Accounting on enhancing various models for significant reporting areas such as Trouble Debt Restructure and Gain on Sale.
Knowledge, Skills and Abilities:
• Three years' relevant finance experience at a senior level
• Demonstrated ability to apply broad concepts to highly technical applications.
• Ability to develop highly dynamic PC-based financial models.
• A strong understanding of financial risk in the financial services industry
• Demonstrated project management skills, including the ability to lead multi-departmental project teams.
• Excellent oral and written communication and presentation skills.
• Demonstrated ability to draw “big-picture” trends and meaningful conclusions from an immense array of detailed data.
• Demonstrated ability to successfully interact with and elicit cooperation from a diverse array of departments and functional areas.
• High degree of PC literacy, including spreadsheet and database applications.
• Excellent analytical and problem-solving skills.
• Thorough understanding of accounting fundamentals, budgeting, and financial analysis, and ALM modeling as demonstrated by appropriate degree and/or experience.
Education, Training and Experience:
Potential candidates for this position must meet the following requirements:
• Graduation from an accredited college or university with major course works in Finance, or closely related field and/or an equivalent combination of education and experience.
• Minimum 3 years in Accounting and/or other related finance experience.
• CFA or MBA preferred
One year of relevant professional-level work experience may be substituted for one year of required education.
From the beginning, we have helped our members fulfill their dreams. In 1940, Hughes Aircraft Employees Federal Credit Union was an idea born from a simple inconvenience: employees of the Hughes Aircraft Company were spending too much lunchtime driving downtown to handle their finances. So why not start a credit union, right there at the plant?
“I went to Mr. Hughes’ office in Hollywood and talked to his secretary Nadine. I gave her all the facts and Mr. Hughes said, ‘Sure. Start the Credit Union. Just keep my name clean. I don't want anything funny going on.’ I said, you can be sure of that. And Hughes Credit Union was born.”
- Lou Merandi, Credit Union Founder & Hughes Aircraft Chief Tool Designer, 1937-1981
In October 1940 a United States government charter was issued to establish the Credit Union. Each of the 12 founders deposited $5 to make the Credit Union's total assets $60. Membership cost 25 cents and the maximum loan amount was $200. We launched our name change to Kinecta Federal Credit Union in July 2001, after serving our members proudly as Hughes Aircraft Employees Federal Credit Union for more than 60 years.
As we continue to expand our position as a leader in the financial services industry our Kinecta name and logo represent our continued commitment to delivering unequalled value to the members-owners of Kinecta Federal Credit Union. Our promise: Every aspect of our organization, from our employees, to our communications, to our products and services, sets standards of excellence by remembering that our business is serving our members. And we’re committed to doing that better than anybody.
Kinecta Federal Credit Union is one of the nation's leading Credit Unions, with more than $4 billion in assets and serving over 285,000 member-owners across the country. From the beginning, we have helped our members fulfill their dreams. In 1940, Hughes Aircraft Employees Federal Credit Union was an idea born from a simple inconvenience: employees of the Hughes Aircraft Company were spending too much lunchtime driving downtown to handle their finances. So why not start a credit union, right there at the plant? “I went to Mr. Hughes’ office in Hollywood and talked to his secretary Nadine. I gave her all the facts and Mr. Hughes said, ‘Sure. Start the Credit Union. Just keep my name clean. I don't want anything funny going on.’ I said, you can be sure of that. And Hughes Credit Union was born.” - Lou Merandi, Credit Union Founder & Hughes Aircraft Chief Tool Designer, 1937-1981 In October 1940 a United States government charter was issued to establish the Credit Union. Each of the 12 founders deposited $5 to make the Credit Union's total assets $60. Membership cost 25 cents and the maximum loan amount was $200. We launched our name change to Kinecta Federal Credit Union in July 2001, after serving our members proudly as Hughes Aircraft Employees Federal Credit Union for more than 60 years. As we continue to expand our position as a leader in the financial services industry our Kinecta name and logo represent our continued commitment to delivering unequalled value to the members-owners of Kinecta Federal Credit Union. Our promise: Every aspect of our organization, from our employees, to our communications, to our products and services, sets standards of excellence by remembering that our business is serving our members. And we’re committed to doing that better than anybody.
Address
Kinecta Federal Credit Union
2100 Park Place. El Segundo
El Segundo, CAIndustry
Finance and Insurance
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