Financial Analyst
Lancaster, PA 
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Posted 12 days ago
Job Description
Financial Analyst
Job Locations US-PA-Lancaster
Requisition ID 2024-20247 Location Name Corporate Headquarters County Lancaster Category Finance/Accounting Position Type (Portal Searching) Full-Time FLSA Status Exempt
Value Proposition

Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.

Overview

This is a Hybrid position based out of our Headquarters location in Lancaster, PA

Prepares regulatory reporting for interest rate risk, including net interest income (NII) and economic value of equity (EVE), and other required weekly, monthly, and quarterly reporting. Analyzes results for the corporation and identifies trends and areas of focus. Compiles asset liability management (ALM) data for regular reporting and funds transfer pricing (FTP). Downloads and maps data including loans, deposits, investments, and borrowings from various sub-systems and reconciles to the general ledger. Assists in the maintenance of the BancWare ALM model, BancWare Data Integration (BDI), and updates behaviors and assumptions as needed. Assists with BancWare model upgrades as well as internal loan and deposit studies. Supports/assists with FTP. Assists with funding the Bank's daily balance sheet needs.

Responsibilities
    Prepares balance trend reporting for loans, deposits, investments, and borrowings for the corporate Asset Liability Committee (ALCO). Researches customer-specific activity and prepares weekly changes to ensure management stays informed and that information is in a form that effectively communicates results to a variety of users. Compiles packets for distribution to ALCO on a weekly, monthly, and quarterly basis. Compiles packets for earnings calls and board meetings on a quarterly basis. Compiles and maintains monthly FTP data and provides data to Financial Planning & Analysis (FP&A).
  • Downloads and maps data in the BancWare asset liability management model and reconciles to the general ledger. Maintains mapping logic and validates data on a monthly basis through BancWare data integration (BDI) process. Updates, creates, and maintains various interest rate scenarios in the BancWare model to support management with effective interest rate risk management. Completes and/or assists with annual assumption sensitivity testing, Bancware model backtesting, and internal loan prepayment, deposit decay, and price sensitivity studies.
  • Compiles net interest income and economic value of equity results. Analyzes drivers of change for the corporation for management and regulatory reporting. Prepares and enhances reporting and completes ad-hoc requests.
  • Assist the Liquidity Manager in funding the Bank's balance sheet and any reporting that may be required to do so.
  • Maintains documentation, procedures, and authorized signatures to meet current requirements for audit, regulators, and the Sarbanes-Oxley Act. Works closely with operational departments to ensure timely and accurate resolution of any data discrepancies.

Qualifications
Education

Bachelor Degree or the equivalent experience. Specialty: Finance, Economics or other applicable. (Required)

Experience

3 or more years Banking or financial services . (Required)

1 or more years Asset Liability Management. (Preferred)

Knowledge, Skills, and Abilities
  • Must have a college degree in finance, economics, or a related field, with three years of experience in banking or financial services, preferably with experience in asset-liability management. Knowledge of loan, deposit, investment, and general ledger accounting systems and be familiar with the BancWare asset-liability modeling system and BDI data transformation system preferred. Must be skilled in the use of the Microsoft Suite including Excel, Word, and PowerPoint - strong Excel spreadsheet skills are a must. SAS and SQL experience preferred. Must have the ability to compile and analyze data and exhibit excellent critical thinking skills. Strong interpersonal skills and a strong ability to effectively communicate data in both verbal and written form are required.

This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.

Pay Transparency

To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate's knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.

The salary range for this position is $59,900.00 - $99,800.00 annually.

Benefits

Additionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account or health savings account depending on the medical plan chosen; dental and vision insurance; life insurance; 401(k) program with employer match and Employee Stock Purchase Plan; paid time off programs including holiday pay and paid volunteer time; disability insurance coverage and maternity and parental leave; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about your potential eligibility for these programs, please visit Benefits & Wellness | Fulton Bank.

EEO Statement
Fulton Bank ("Fulton") is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status.
Sponsorship Statement

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
3+ years
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