Financial Analyst
Summary
| Title: | Financial Analyst |
|---|---|
| ID: | 1239 |
| Department: | Finance & Accounting |
Description
Financial Analyst
Company Summary:
Carver Bancorp, Inc. (NASDAQ: CARV) the holding company for Carver Federal Savings Bank, is a federally chartered institution with approximately $610 million in assets and 125 employees. The Bank was chartered in 1948 to address the banking needs of middle income and underserved communities in New York City. Carver operates seven full-service branches in the New York City boroughs of Brooklyn, Queens, and Manhattan. The Bank provides commercial real estate and small business loans and a range of complementary bank products and services.
Position Summary
The Financial Planning Officer’s primary responsibilities include working directly with each business unit to prepare the Company’s annual budget, five-year business plan and ongoing monthly and quarterly forecasting. This includes maintaining the Company’s budgeting system, performing analytics to continuously monitor and understand actual results against budget and against peer institutions and communicating results to the business units. This position is also responsible for overseeing the preparation of other standard monthly/quarterly reports and to act as a resource to other departments in answering questions regarding performance metrics, coordinating forecasts and annual plans and providing special pro forma analysis as required by the Finance Department.
Responsibilities:
Serve as a financial advisor to the CEO, CFO and executive team for strategic planning purposes.
Lead and manage the budgeting process.
Be responsible for gathering financial data for analysis and forecasting with respect to profits, trends, costs, and compliance.
Develop appropriate tracking methods for revenue and expenses.
(Not sure what reports these are).
Coordinate with the management of the MIS department to ensure company objectives are met
Analyses business and financial data.
Creates financial models bases on analyses to support organizational decision making.
Develops financial plans and reports for organizational leaders.
Analyzes industry trends and makes recommendations based on those trends.
Evaluates capital expenditures and depreciation.
Develops automated reporting and forecasting tools for more efficient use of data.
Preparation of the annual budget utilizing historical data, business plans and peer comparisons through the creation of processes and controls.
Company’s risk limits/policy floors taken into consideration during the planning cycle. Awareness of risk profile of the Company.
Communication of actual results and variances to plan. Quarterly report on variance to plan with discussions of volume/rate differentials, peer comparisons, unplanned items etc.
Preparation of monthly reports for senior and departmental managers; collaboration with other departments in researching inconsistencies in data prior to distribution.
Serve as the resource person regarding questions on key performance indicators and possess strong working knowledge of company operations.
Oversee design and maintenance of corporate plan model and be instrumental in the preparation of the annual plan.
Develop and maintain the quarterly forecast on a rolling 8 quarter basis.
Assist others within the Accounting and Finance Department as well as other areas of the Bank in the design of new reports based on organizational needs.
Prepare presentations and reports for the CEO, CFO, Board of Directors
Speak in place of the CFO or CEO when required regarding plan details.
Qualifications:
Bachelor’s degree in finance or accounting (if finance must have strong accounting skills)
5-7 years experience in financial analytics in the financial services industry
Professional experience as an accountant, auditor, or computer programmer analyst OR valid CPA (Certified Public Accountant) certificate with at least five year of professional experience as an accountant, auditor, or computer programmer analyst.
Strong analytical and problem-solving skills
Ability to work independently with minimal supervision
Strong communication and interpersonal skills with ability to interact within all levels of the organization
Ability to consistently meet deadlines and handle pressure
Exposure to some Asset/Liability Management a plus
Expert knowledge of Office 365 especially Excel, Cognos, Jack Henry Core System, Profitstars, SQL required.
Company Summary:
Carver Bancorp, Inc. (NASDAQ: CARV) the holding company for Carver Federal Savings Bank, is a federally chartered institution with approximately $610 million in assets and 125 employees. The Bank was chartered in 1948 to address the banking needs of middle income and underserved communities in New York City. Carver operates seven full-service branches in the New York City boroughs of Brooklyn, Queens, and Manhattan. The Bank provides commercial real estate and small business loans and a range of complementary bank products and services.
Position Summary
The Financial Planning Officer’s primary responsibilities include working directly with each business unit to prepare the Company’s annual budget, five-year business plan and ongoing monthly and quarterly forecasting. This includes maintaining the Company’s budgeting system, performing analytics to continuously monitor and understand actual results against budget and against peer institutions and communicating results to the business units. This position is also responsible for overseeing the preparation of other standard monthly/quarterly reports and to act as a resource to other departments in answering questions regarding performance metrics, coordinating forecasts and annual plans and providing special pro forma analysis as required by the Finance Department.
Responsibilities:
Serve as a financial advisor to the CEO, CFO and executive team for strategic planning purposes.
Lead and manage the budgeting process.
Be responsible for gathering financial data for analysis and forecasting with respect to profits, trends, costs, and compliance.
Develop appropriate tracking methods for revenue and expenses.
(Not sure what reports these are).
Coordinate with the management of the MIS department to ensure company objectives are met
Analyses business and financial data.
Creates financial models bases on analyses to support organizational decision making.
Develops financial plans and reports for organizational leaders.
Analyzes industry trends and makes recommendations based on those trends.
Evaluates capital expenditures and depreciation.
Develops automated reporting and forecasting tools for more efficient use of data.
Preparation of the annual budget utilizing historical data, business plans and peer comparisons through the creation of processes and controls.
Company’s risk limits/policy floors taken into consideration during the planning cycle. Awareness of risk profile of the Company.
Communication of actual results and variances to plan. Quarterly report on variance to plan with discussions of volume/rate differentials, peer comparisons, unplanned items etc.
Preparation of monthly reports for senior and departmental managers; collaboration with other departments in researching inconsistencies in data prior to distribution.
Serve as the resource person regarding questions on key performance indicators and possess strong working knowledge of company operations.
Oversee design and maintenance of corporate plan model and be instrumental in the preparation of the annual plan.
Develop and maintain the quarterly forecast on a rolling 8 quarter basis.
Assist others within the Accounting and Finance Department as well as other areas of the Bank in the design of new reports based on organizational needs.
Prepare presentations and reports for the CEO, CFO, Board of Directors
Speak in place of the CFO or CEO when required regarding plan details.
Qualifications:
Bachelor’s degree in finance or accounting (if finance must have strong accounting skills)
5-7 years experience in financial analytics in the financial services industry
Professional experience as an accountant, auditor, or computer programmer analyst OR valid CPA (Certified Public Accountant) certificate with at least five year of professional experience as an accountant, auditor, or computer programmer analyst.
Strong analytical and problem-solving skills
Ability to work independently with minimal supervision
Strong communication and interpersonal skills with ability to interact within all levels of the organization
Ability to consistently meet deadlines and handle pressure
Exposure to some Asset/Liability Management a plus
Expert knowledge of Office 365 especially Excel, Cognos, Jack Henry Core System, Profitstars, SQL required.
