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Overview The role will be responsible for using various systems, methods, and models to perform financial reporting and analysis. The candidate will support the budget process, explain variances to actual performance, and regularly update Navy Federal’s pro forma balance sheet and income statement. Responsibilities
Collaborate with business unit partners across the organization to develop and enhance Navy Federal’s balance sheet and income statement budget and pro forma forecasts
Analyze and investigate variances to budget and determine explanatory drivers of changes in forecast
Provide support in preparing monthly financial performance reporting to senior management
Perform impact analysis on behavioral model updates and their effect on forecasted balances and interest income/expense
Evaluate balance sheet management strategies and their impact to financial performance
Work with business unit partners to optimize financial performance and add value to the member experience
Perform impact analyses to support strategies related to product/service initiatives
Support the annual capital planning and stress testing exercise by coordinating various inputs, scenarios, strategies, and reporting
Maintain and enhance documentation, procedures, and controls related to balance sheet planning processes and reporting
Qualifications
Knowledge of financial analysis, financial modeling, and financial risk management; with preference towards hands-on experience
Attention to detail and a demonstrated ability to research, analyze and interpret complex statistical and financial data
Knowledge or experience with programs and systems used for storing, retrieving, and analyzing large sets of data (SQL, SAS, Hyperion / Smart View, SPSS) preferred
Understanding and/or experience with Stress Testing, Scenario Analysis and Sensitivity Analysis
Preferred knowledge and/or experience in Asset/Liability management (ALM), and familiarity with related concepts and metrics (EVE, NII, NIM, LCR, NSFR, capital ratios, etc)
Attention to detail and a demonstrated ability to research, analyze and interpret complex statistical and financial data
Familiarity with rules, regulations, and trends relevant to the credit union and retail banking industries
Experience participating in cross-functional, multi-dimensional teams and projects
Persuasive and diplomatic communication, both verbal and written, of facts and conclusions related to complex analytical results and issues
Effective interaction with all levels of management and staff Bachelor degree in finance, economics, accounting or related field
Advanced degree or professional certification (CFA, FRM, PRM, or CPA) preferred
Hours: Monday - Friday, 8:00AM - 4:30PMLocation: 820 Follin Lane, Vienna, VA 22180Navy Federal is now hybrid! Our standard enterprise requirement for a hybrid schedule is to report on-site 4-16 days each month. The number of days reporting on-site will ultimately be determined by the employee's leadership and business unit needs. You will learn more throughout the hiring and on boarding process.About Us You have goals, dreams, hobbies, and things you're passionate about—what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family, and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it: Military Times 2022 Best for Vets Employers WayUp Top 100 Internship Programs Forbes® 2022 The Best Employers for New Grads Fortune Best Workplaces for Women Fortune 100 Best Companies to Work For® Computerworld® Best Places to Work in IT Ripplematch Campus Forward Award - Excellence in Early Career Hiring Fortune Best Place to Work for Financial and Insurance ServicesEqual Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/DisabilityDisclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.REQNUMBER: 13333
Full-time