Job Title: Budget Planning and Analysis Sr Analyst
Status: Exempt
Reports to: Mgr - Budget Planning and Analysis
Department: Accounting
Job Code: 12121
Pay Range: $93,730 - $107,000 Annually
Location: Hybrid in Sacramento, CA
WHAT YOU'LL DO:
- Develop, maintain, and enhance financial models to support budgeting, forecasting, scenario planning, and long-term financial projections.
- Support the development of the annual budget, periodic forecasts, and multi-year financial plans, ensuring alignment with financial performance, business strategies, and organizational priorities.
- Develop and maintain an integrated budgeting and reforecasting process aligned with monthly financial statement variance reviews to improve forecast accuracy and consistency.
- Lead and coordinate the monthly and quarterly financial variance analysis process, including research, validations of results, and effective challenge of assumptions to identify key drivers of performance.
- Lead the quarterly peer reporting process, including financial benchmarking and collaboration with peer credit unions, to provide insights into competitive positioning and performance trends.
- Support the quarterly Allowance for Credit Losses (ACL) process under the CECL model, partnering with the VP - Controller and BP&A Manager to validate assumptions and ensure accuracy of reporting.
- Analyze financial information including income, expenses, loans, deposits, and balance sheet activity to assess performance, identify trends, and provide actionable recommendations.
- Partner with the VP - Controller to develop monthly board reporting packages, quarterly financial presentations, and executive-level performance insights, ensuring clarity, accuracy, and strategic relevance.
- Apply a strong understanding of Generally Accepted Accounting Principles (GAAP) to ensure financial analysis and reporting are consistent with accounting standards and regulatory expectations, translating impacts into financial forecasts and insights.
- Support the preparation of KPI dashboards, management reporting, and financial analyses that enhance transparency and decision-making across the organization.
- Research economic conditions, industry trends, and financial drivers to support forecasting assumptions and scenario analysis.
- Support process improvements in financial planning, forecasting, and reporting, including enhancements to systems, data quality, and reporting efficiency.
- Assist in the administration and testing of financial planning systems, tools, and reporting processes to ensure accuracy and reliability.
- Maintain a current understanding of accounting, financial, and regulatory requirements applicable to credit union operations.
- Collaborate with business units and cross-functional teams to support financial planning activities and provide analytical support for strategic initiatives.
- Participate in projects, initiatives, and ad hoc analyses as assigned, providing financial insight and recommendations.
- Perform other duties as assigned.
QUALIFICIATIONS AND PREFERENCES:
- Bachelor's Degree in Finance, Accounting, Business, or related field required
- Master's Degree preferred
- 5+ years of experience in budgeting, FP&A, accounting, or related roles required
- Financial institution experience preferred
- Experience with financial modeling, forecasting, and reporting processes required
Please view the full job description detailing the complete list of duties and expectations for this role by clicking or copying this URL into your browser: https://golden1.jdxpert.com/ShowJob.aspx?EntityID=2&id=3363
