Financial Planning & Analysis Analyst II

At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) plan, an extensive paid technical and on‑the‑job training program, and tuition reimbursement for all full‑ and part‑time employees. Part‑time positions start at a minimum of 30 hours per week. We encourage you to become part of VyStar Credit Union's family of employees.<br />Financial Planning &amp; Analysis Analyst II<br /><br />Accountability Statement<br /><br />The incumbent will be part of the Financial Planning and Analysis (FP&amp;A) team and assist the FP&amp;A management team in carrying out the broader company mission. The FP&amp;A function refers to the corporate finance and planning role. This includes all aspects associated with planning, forecasting, analysis, and reporting to aid senior management with decision‑making. The FP&amp;A team leads the Annual Operating Plan (AOP) or budget process and prepares profitability reporting for business units, delivery channels, products, and members/households. The team also prepares ad‑hoc analysis for new business initiatives, products, and expansion. These duties require building and maintaining various models using business intelligence tools and corporate financial management programs. The FP&amp;A team will work closely with the Financial Risk Management (FRM) team, Accounting, and other business units.<br />Essential Functions<br /><br />Modeling: Analyze and enhance historic and forecasted profitability models for business units, delivery channels, products and members/households, including activity‑based costing, transaction‑driven cost allocations and sensitivity analysis.<br />Assist in development and maintenance of long‑term forecast, working closely with department leadership to formulate business’s medium‑to‑long‑term financial and strategic plans.<br />Produce models to project long‑term growth and determine impacting business factors.<br />Analyze financial and operational results to better understand company performance, evaluating whether the company’s current assets and investments are the best use of excess working capital, using ROI and comparisons with other investment options.<br />Review existing processes and procedures to develop recommendations for improvement efforts.<br />Communicate results and recommendations to various stakeholders for improvements that will lead to cost reduction, revenue generation and streamlining operations.<br />Drive projects from inception to delivery, including design, development, testing and implementation.<br />Assist in the AOP or budget process, interacting with key stakeholders and business units to develop key performance indicators (KPIs) to enhance budgeting.<br />Review and analyze various aspects of the AOP for reasonability and create KPI dashboards.<br />Analyze KPI trends and identify causes of any unexpected variances.<br />Provide insights to senior stakeholders around financial modelling, forecasts and profitability.<br />Present the monthly and quarterly financial reports of various units and departments.<br />Develop a detailed rolling income statement forecast that can be integrated into the AOP and various department models.<br />Prepare and automate reports and presentations for Senior Management and the Board of Directors, including financial statements, variance reporting, ratios, slides and other analysis.<br />Take ownership of long‑term planning exercises, including tracking variances, back‑testing results, reporting and sensitivity analysis.<br />Develop and enhance models for branch expansion efforts, including pro‑forma statements and other reports to assist management in strategic initiatives.<br />Assist in balance sheet updates and deposit pricing recommendations for presentation to the Asset‑Liability Committee (ALCO).<br />Develop and incorporate funds transfer pricing (FTP) into profitability reporting for business units and products.<br />Maintain, enhance and develop models to assess performance of branches and other delivery channels to assist senior management in decision‑making.<br />Review quarterly peer analysis reports for presentation to ALCO and define key variances.<br />Analyze the monthly Return on Assets decomposition model and explain variances.<br />Perform ad‑hoc income and cost analysis to aid business units and management in decision‑making for new products, services and business initiatives.<br />Responsible for continued process improvement and compliance with State and NCUA regulations in all areas.<br />Create, maintain and enhance various models to assist the FRM team with liquidity reporting and asset‑liability management.<br />Extract data from business intelligence databases or other sources using data mining tools such as SQL, VBA, Crystal Reports, Power BI, Adaptive Planning, or other methods.<br />Takes initiative in supporting changes needed in FP&amp;A functions related to impacts from strategic initiatives such as M&amp;A and new lines of business.<br />Ad‑hoc business performance reporting.<br />Perform special projects or initiatives as assigned.<br />Financial Decision Support &amp; Reporting<br /><br />Exhibits advanced knowledge of profitability concepts, systems and reporting including Funds‑Transfer Pricing, activity‑based costing and allocations.<br />Takes initiative in supporting analysis and models for both the FP&amp;A and FRM functions.<br />Excellent skills in ensuring reporting is complete, accurate and balanced to overall financial reports.<br />Develops clear and concise written analysis of modeling results for presentation to business units, ALCO, senior management and the Board of Directors.<br />Documents all work processes and models used for FP&amp;A functions.<br />Takes initiative in supporting changes needed in FP&amp;A functions related to impacts from strategic initiatives such as M&amp;A and new lines of business.<br />Effectively supports the Finance team with requirements for the annual regulatory examination by the State of Florida and NCUA.<br />Performs other duties as assigned.<br />Job Qualifications<br /><br />Education<br /><br />Bachelor’s degree in Finance, Accounting, Economics, or a related field.<br />Master’s degree in Business Administration (MBA) or a quantitative or finance discipline is preferred.<br />Experience<br /><br />4–7 years of related experience.<br />2+ years of functional experience with budgeting, profitability and data mining activities.<br />2+ years of experience in statistical/quantitative analysis tools such as SQL, Power BI, SPSS or other tools.<br />2+ years of experience in Financial Analytics/Modelling using Adaptive Planning or other budgeting, forecasting or profitability systems.<br />Knowledge, Skills &amp; Abilities<br /><br />Knowledge of credit union or bank products and services.<br />Proficiency in data analytics.<br />Advanced skills in Excel, PowerPoint and Word.<br />Avid and positive team player who works well across a multi‑disciplined organization.<br />Ability to work with both finance and non‑finance professionals.<br />Strong analytical capabilities with knowledge of accounting/financial reporting and financial modelling.<br />Ability to coach and mentor other analysts.<br />Strong communication skills, including presentation, interpersonal and writing skills.<br />Ability to work independently and is a self‑starter.<br />Exhibits flexibility and willingness to take on new responsibilities and assignments.<br />Working knowledge of profitability/corporate performance management (CPM) software such as IBM TM1, SAS or others.<br />Working knowledge of data analysis programming languages such as SQL, VBA, Python, Power BI or others.<br />Ability to understand regulatory compliance issuances and incorporate them into the FP&amp;A functions.<br />Certifications<br /><br />Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) designation or working toward one of these is preferred.<br /><br />#J-18808-Ljbffr