Bank Financial Analyst
Job Description: Bank Financial Analyst
Position Summary
The Bank Financial Analyst is responsible for providing high-level financial analysis, operational oversight, and strategic support to Senior Management. This role serves as a key bridge between the bank’s core data and actionable decision-making, focusing on profitability, risk mitigation, and cost-efficiency projects.
Core Responsibilities
Financial Analysis & Reporting
- Perform Net Interest Margin (NIM) analysis and monitor Asset/Liability trends.
- Prepare and analyze monthly, quarterly, and annual financial statements, providing "variance analysis" to explain fluctuations in spending and revenue.
- Support the budgeting process, developing forecasts and tracking departmental performance against financial goals.
- Monitor and report on regulatory capital ratios and liquidity positions to ensure compliance with state and federal requirements (FDIC, etc.).
Operational Efficiency & Strategy
- Conduct Cost-Benefit Analyses for vendor contracts, software implementations, and internal programs.
- Lead "Special Projects," such as deconversion analysis, system migrations, and contract negotiations to eliminate waste and optimize bank resources.
- Audit internal to identify and implement cost-saving initiatives.
Risk Management & Compliance
- Assist in the preparation of data for Regulatory Exams and Internal Audits.
- Analyze loan-to-deposit ratios and credit risk trends to support the bank’s "Safe and Sound" lending practices.
- Provide data support for CECL/ALLL (Allowance for Credit Losses) calculations and interest rate stress testing.
Data Visualization & Communication
- Transform complex datasets into clear, concise reports and presentations for the Board of Directors and Senior Leadership.
- Maintain and optimize financial models within Excel or the bank’s core processing system.
Required Qualifications
- Education: Bachelor’s Degree in Finance, Accounting, Economics, or a related field. Or equivalent 3+ years job experience.
- Experience: 3+ years in financial analysis, preferably within a community bank or financial services environment.
- Technical Proficiency: Advanced mastery of Microsoft Excel (Pivot Tables, VLOOKUPs, Complex Formulas) and experience with PDF editing software (Foxit/Adobe).
- Analytical Mindset: Ability to identify "the story" behind the numbers and suggest proactive solutions to financial challenges.
Preferred Skills
- Familiarity with the Uniform Commercial Code (UCC) and bank-specific regulatory environments.
- Strong project management skills, particularly in vendor management and system transitions.
Performance Success Indicators
- Timely and accurate delivery of Board Reporting packages.
- Timely and accurate delivery of Call Report filing.
- Seamless execution of vendor deconversion or system migration projects with minimal fiscal impact.