Redwood Credit Union
Senior Financial Analyst
Napa, CA
Mar 5, 2025
Full-time
Full Job Description

ABOUT REDWOOD CREDIT UNION (RCU):

At Redwood Credit Union, our mission is to passionately serve the best interests of our Members and communities. Since 1950, we have been dedicated to supporting the financial well-being of our Members through better rates, low or no fees, and best-in-class customer service. Our purpose is to inspire hope and elevate the financial well-being of our communities one person at a time, through good times and bad.

As a not-for-profit financial institution, we are committed to a people-first approach, which is reflected not only in how we serve our Members, but also in how we treat our employees. Our leadership team is deeply focused on fostering a culture of heart and empathy, integrity, passion, inclusion, meaningful relationships, excellence, and ensuring financial well-being for all. 

Why work for Redwood Credit Union?

*         37th largest credit union in the U.S. and the largest financial institution based in the North Bay

*         Awarded a 5-Star Rating based on 6/30/24 financial data by Bauer Financial

*         Recognized by Newsweek as one of "America's Best Credit Unions 2024"

*         Recognized by Forbes as one of "America's Best Small Employers 2023"

*         Voted Best Places to Work in the North Bay 19 years in a row

*         World-class Employee Engagement scores

*         Rated Superior in Service by more than 90% of Members, surveyed by SF Gate

*         Industry leading Net Promoter Scores across the U.S.                                                                                                                                                                                                                                                

Join us and discover why you'll love working at Redwood Credit Union! 


Redwood Credit Union is looking for a Senior Financial Analyst who will be responsible for developing, executing, and documenting complex financial analyses, this role requires knowledge and competency in financial and accounting principles, as well as proficiency in computerized applications. Utilizing tools such as SQL, Power BI, and Excel, the Senior Financial Analyst prepares analytical summaries and offers recommendations to aid managerial decision-making. The role encompasses financial planning, analysis, and reporting across the Credit Union, including reviewing operating results, assisting with monthly financial closing activities, and preparing financial models. The Senior Financial Analyst also conducts ad hoc analyses and creates presentations to support budgeting and forecasting cycles. Working independently with broad discretion on varied and intricate assignments, the Senior Financial Analyst provides leadership in workflow and information management.


ESSENTIAL FUNCTIONS:

Department Operations

* Assist the VP/Finance and Assistant Manager, Finance in achieving established departmental goals.

* Plan and conduct in-depth analyses on a variety of comprehensive complex financial issues and prepare result summaries and recommendations.

* Financial Reporting - utilizing SQL and Power BI, ensure all department reporting is developed in an automated and sustainable manner.

* Financial Modeling - responsible for the development and maintenance of advanced financial modeling in support of senior leadership initiatives; analyze the impact of various business strategies.

* Asset Liability Management (ALM) - responsible for the Credit Union's ALM model, including migrating monthly financial data, updating assumptions and model logic, generating reports, modeling scenarios, and understanding and analyzing model output.

* Credit Risk Management (CRM) - responsible for the Credit Union's credit risk analytics model, including migrating monthly financial data, conducting back-tests, stress testing, updating assumptions and model logic, generating reports, and understanding and analyzing model output.

* Support project efforts, testing and quality assurance.

* Confidently build relationships and work independently with third party vendors and external contacts.

* Identify areas of process improvement and initiate action towards implementation.

* Profitability Analysis - support the development and maintenance of Member, branch and product cost tracking and profitability analysis system, and analysis/reporting schedules.

* Act as point person for new data requests; collaborate with the IT department in development and maintenance of enterprise level datasets with direction from Assistant Manager, Finance.

* Serve as a resource to RCU management and staff to assist in better understanding of financial results and measurement systems; respond to approved report and analysis requests.

* Support the data preparation and submission process for NCUA 5300 Call Report and Federal Home Loan Bank (FHLB) Collateral Pledge.

* Serve as back-up to Financial Analyst(s) for Peer Benchmarking analysis.

* Cross train on Financial Analyst duties to serve as backup as needed.



Minimum Qualification: Knowledge, Skills and Abilities

  • Strong knowledge of accounting and financial statement analysis.
  • Ability to operate a PC with advanced knowledge and proficiency of various software programs including SQL, Excel, Word, PowerPoint, and Databases.
  • Technically proficient in Power BI report development and governance.
  • Experience with depository financial institution financial modeling and forecasting and analysis of line of business profitability is preferred.
  • Excellent critical thinking skills with the ability to view business operations and financials through a risk-oriented mindset.
  • Ability to proactively prioritize goals, expectations, and deadlines.
  • Ability to organize workflow efficiently, self-direct personal training needs and utilize available resources.
  • Ability to perform complex analysis, draw logical conclusions and make recommendations when needed.
  • Excellent written and verbal communication skills.
  • Ability to act independently and confidently with little or no supervision.
  • Ability to distinguish and manage confidential information, materials, and conversations.
  • Ability to establish and maintain effective working relationships in a diverse environment, including working with team members and management from other departments.

Physical Requirements

  • Ability to stand, bend, stoop, sit, walk, twist, and turn.
  • Ability to lift up to 25 pounds occasionally.
  • Ability to use a keyboard and general office equipment.
  • Work environment is indoors; majority of the time is spent sitting at a desk.

The ideal candidate has a combination of education and experience equivalent to a bachelor's degree in accounting, finance, or related field, with a minimum of five years of professional financial analysis experience. Experience in depository financial institution processes and procedures or similar experience is preferred.


Compensation: Base starting range: $97,864 to $128,941 annually commensurate with experience.

Our base salary starting range is based on scope and responsibilities of the position, candidate's work experience, education/training, key skills, and internal peer equity. We offer a competitive total rewards package including a wide range of medical, dental, vision, financial, and other benefits.


Redwood Credit Union offers a robust benefits package to our eligible employees including:

*  Competitive medical, dental, and vision insurance, mental health offerings

*  Employee performance incentive plan

* Salary Advancement- Merit increase based on performance

* 401(k) program with employer match

* Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off!


RCU Discounts and Perks:

*  RCU employees are eligible for a .75% discount off RCU standard collateral auto loans

*  RCU employees are eligible for a 1% discount on all recreational or boat loan products

* 2% discount off Visas and LOC Loans through RCU

* 0% interest loan to support employees with various immigration related expenses such as visa application fees and relocation costs. Loan amount up to $1,000.

* 0% interest loan to support employees with expenses associated with the naturalization process. Loan amount up to $15,000.

* 0% interest on garment, fitness, or home office equipment loan of up to $500

* 100% financing for employee purchased homes!

Internal Team Members

If you are a current Team Member, please apply through the internal careers page located in RCUNET.

                                         

                                         We are an Equal Opportunity Employer

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Job Information
Job Category:
Finance
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Senior Financial Analyst
Redwood Credit Union
Napa, CA
Mar 5, 2025
Full-time
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