Financial Analyst II

Description We are Hiring Financial Analyst II - Lowell, MA Enterprise Bank, is a growing and successful commercial bank where your talents will be recognized. Consistently being recognized both nationally and locally as a 'Top Place to Work', Enterprise Bank team members are as important to us as our core values. Join our dynamic team and experience a unique workplace culture where success is shared, and diversity is celebrated. What You'll Do: The Financial Analyst II exhibits strong working knowledge over the primary areas of Finance, including Asset-Liability Management (ALM), Fixed Income Securities, Liquidity, Budgeting, and Profitability and is able to exercise judgment and work independently to complete a first draft of all required reporting over these areas. Working under the Senior Finance Manager, this individual serves a critical role in the annual bankwide budget process functioning as the primary liaison for bankwide cost center managers. This position works closely with our budgeting software to create and maintain templates and workflows and to lead training sessions for the cost center managers. Additionally, the Financial Analyst II is responsible for maintaining and updating the Asset-Liability simulation model including inputs, assumption validation, analysis, and reporting. This individual also provides support for the Bank's investment portfolio and prepares the revenue center profitability report and cover memo to the board of directors highlighting key changes in profitability. ESSENTIAL FUNCTIONS & RESPONSIBILITIES: Asset-Liability/Liquidity Management Works with the Senior Financial Analyst and Senior Finance Manager to: Build the Board of Directors ALM presentation and appendix material package, ensuring that all required analysis, procedures, and documentation are completed on the required schedule basis Maintain, update, and perform analyses and reporting on the Asset-Liability simulation model including data compilation, assumption validation, quarterly net interest income scenario comparisons, identification of variances, potential issues/preparing detailed written explanations, and performing back-testing procedures Prepare and perform analysis and reporting on the quarterly Economic Value of Equity ('EVE') results Prepare portions of the quarterly ALM Presentation including areas such as liquidity, interest rate sensitivity, balance sheet position, strategy updates and bond portfolio strategy and performance update Monitor and update the Bank's Liquidity Contingency Early Warning System Produce various cash flow analyses and forecasts Responsible for ensuring ALM procedures are written and updated regularly Review the monthly upload and reconciliation into the ALM software completed by the department administrative assistant Investment Portfolio Attend strategy meetings and documents recommended strategies Utilize Bloomberg to prepare pre and post purchase investment analysis Perform investment pricing reasonableness tests Perform reasonableness tests for bond amortization/accretion Prepare and maintain the investment transaction report for ALM Presentation Vena / Budget / Profitability Works under the direction of the Senior Finance Manager to: Create Vena templates and workflows related to the budgeting process and ALM Maintain and improve existing Vena templates related to the budgeting process and ALM Prepare the Net Interest Margin Budget Prepare revenue center profitability analysis and reporting Liaison for cost center budget managers, working with them to ensure proper completion of their annual budget and quarterly budget versus actual analysis Participate in Vena budget training sessions for cost center managers (typical attendee is AVP-VP level). Use judgment and decision making to provide budgeting and reporting process support including analyzing bank-wide trends, evaluating assumptions, reporting on budget versus actual results, and preparing management reports Other Complete the quarterly correspondent bank review Assist with projects, as needed Perform all duties consistent with applicable Federal and State laws and regulations as well as Bank policies Perform other related duties as assigned Exceed customer expectations by following the guidelines outlined in the Customer Experience Program The hours for this position are Monday - Friday 8:30am - 5:00pm. This position is eligible for Hybrid, or Onsite. Candidates from MA, NH, and ME only. Requirements: Bachelor's degree in Accounting or Finance from a four-year college or university and three or more years of experience as a financial analyst in a financial industry or equivalent combination of education and experience. If you don't meet all the requirements, apply anyway Our recruiting team considers your entire professional journey. Enterprise team members are made up of more than just their previous titles. Our DEIB Value Statement: At Enterprise Bank, people and relationships come first. We encourage and foster a culture of diversity, equity, inclusion, and belonging where everyone feels valued and respected. We are committed to a caring workplace that recognizes the importance of making a meaningful, positive difference in the lives of our team members, customers, and communities. Please click here ( to view our Inclusion website for more information and to learn more of our story and Core Values. Benefits: We encourage every team member at Enterprise to lead a healthy and balanced life. We offer generous paid time-off programs, exceptional Tuition Assistance, College Loan Repayment, Wellness programs, Employee Resource Groups, opportunities to assist in your community as well as health, dental and life insurance coverage and a generous 401(k) match. Enterprise Bank is an equal opportunity employer and makes employment without regard to race, color, religion, gender, sexual orientation, age, national origin, ancestry, genetic information, gender identity, disability, marital status, active or veteran military status, retaliation or any other protected status. EOE M/F/Disabled/Vet. Qualifications Behaviors Preferred Innovative: Consistently introduces new ideas and demonstrates original thinking Team Player: Works well as a member of a group Enthusiastic: Shows intense and eager enjoyment and interest Dedicated: Devoted to a task or purpose with loyalty or integrity Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well Motivations Preferred Job Security: Inspired to perform well by the knowledge that your job is safe Self-Starter: Inspired to perform without outside help Growth Opportunities: Inspired to perform well by the chance to take on more responsibility Goal Completion: Inspired to perform well by the completion of tasks Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization Education Preferred Bachelors Degree or better Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Created: 2024-10-19