Financial Analyst

Company: Engage Partners, Inc.
Location: Lowell
Posted on: August 27, 2024

Job Description:

Financial Analyst II - Lowell, MA
The hours for this position are Monday - Friday 8:30am - 5:00pm.This position is eligible for Hybrid, Remote, or Onsite. Candidates from MA, NH, and ME only.
-
What You'll Do: The Senior Financial Analyst exhibits strong working knowledge over the primary areas of Finance, including Asset-Liability Management (ALM), Fixed Income Securities, Liquidity, Budgeting, and Profitability to support senior management decision making, and is able to exercise judgment and work independently to complete a first draft or review of all required reporting over these areas. This position works closely with our budgeting software to create and maintain templates and workflows and to lead training sessions for the cost center managers. Additionally, the Senior Financial Analyst is responsible for maintaining, updating, and validating the Asset Liability simulation model including inputs, assumption validation, analysis, and reporting. This individual also provides support for the Bank's investment portfolio and prepares the revenue center profitability report and cover memo to the board of directors highlighting key changes in profitability.
-
ESSENTIAL FUNCTIONS & RESPONSIBILITIES:
Asset-Liability/Liquidity Management

• 
  
• Works with the Senior Finance Manager to:
  
• Build the Board of Directors ALM presentation and appendix material package, ensuring that all required analysis, procedures, and documentation are completed on the required schedule basis
  
• Maintain, update, and perform analyses and reporting on the Asset Liability simulation model including: data compilation, assumption validation, quarterly net interest income scenario comparisons, identification of variances, potential issues/preparing detailed written explanations, and performing back-testing procedures
  
• Complete first review of Asset Liability simulation model results as prepared by the Financial Analyst II or I.
  
• Prepare and perform analysis and reporting or completes a first review of the quarterly Economic Value of Equity ("EVE") results
  
• Presents portions of the ALM Group Presentation for ALM Group (Management ALCO) meetings
  
• Prepare the quarterly ALM Presentation including areas such as liquidity, capital adequacy, interest rate sensitivity, balance sheet position, strategy updates and fixed income investment portfolio strategy and performance update
  
• Update or complete a first review of the Bank's Liquidity Contingency Early Warning System
  
• Produce various cash flow analyses and forecasts
  
• Responsible for ensuring ALM procedures are written and updated regularly
  

Keywords: Engage Partners, Inc., Lowell , Financial Analyst, Accounting, Auditing , Lowell, Massachusetts