Financial Analyst I - Mountlake Terrace Headquarters

A GREAT PLACE TO WORK AND BANK

Join our team! 1st Security Bank team members deliver service that "WOWs" each other and our customers. We value relationships, teamwork, community, and professional growth in a safe, friendly, and progressive workplace. We celebrate diversity and support equality for all. If you share these core values and are committed to career excellence, let us help you reach your dreams!

If you are the type of individual that would enjoy working at one of the Puget Sound's Best Places to Work for 9 years in a row and focuses on providing an exceptional client experience, then 1st Security Bank is the place for you. 1st Security Bank was named a bronze medal winner in its class in the Puget Sound Business Journal's Best Workplaces contest in its first year nominated and is also consistently rated a 5 star Bank in Washington State by Bauer Financial, an independent bank rating firm.

POSITION SUMMARY:

Responsible for daily cash management process and financial reporting at the direction of the VP-Finance and SVP-Director of Finance.  Individual will also be involved in the monthly creation of profit and loss statements by cost center, including but not limited to a Funds Transfer Pricing model, the allocation model by support functions, and the budgeted versus actual monthly modeling.  The position will support the VP-Finance and SVP-Director of Finance in the annual budget process, including new initiatives, cost centers, and expected profitability.  Position will be closely aligned with accounting and requires a daily interaction with the accounting systems.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

• Monitors the daily cash management process for the bank.

  • Monitors cash positions and daily funds management as required.

  • Monitor wire/ACH activities.

  • Report daily cash activities to VP-Finance and SVP-Director of Finance.

• Quarterly peer group analysis.

• Market deposit rate reporting.

• Public funds pledging and reporting.

• FR2900 reporting.

• Assists the VP-Finance and SVP-Director of Finance in the budgeting process. 

• Monthly, quarterly, yearly financial reporting and financial forecasting including pro forma modeling for new business opportunities.

• Reconcile and settle investment, SWAP, or Brokered deposit transactions.

• Assists the VP- Finance and SVP-Director of Finance with Interest Rate Risk reporting and management.

• Posts entries to accounting systems related to the Treasury Management function.  Interacts with the accounting team to ensure accurate financial reporting.

• Update core system index rates.

• Provides support for financial audits as required.

• Other duties as assigned.

YOU WILL BE ELIGIBLE FOR

• Full medical, dental, and vision coverage for individual or family plan.

• Life insurance.

• Long- and short-term disability insurance.

• 401K matching program.

• Paid sick and vacation time.

OUR CORE VALUES

• Relationship Driven - we strive to "WOW" (surprise, excite and delight) each other and our customers.

• Ethical - fair, honest and act with integrity.

• Lead by Example - maintain a positive attitude, show respect for others, and have some fun!

• Accountable - we take our responsibilities seriously and we meet our commitments with urgency.

• Team Player - dependable, enthusiastic contributor to team success and to the greater good of the bank.

• Embrace Dreams - we encourage each other to reach for our dreams.

• Diversity - we celebrate diversity and support equality for all.

• Community Oriented - we actively support our communities and the Bank's CRA initiatives.

• Open and Honest Communication - always professional, responsive, and timely.

EDUCATION and/or EXPERIENCE

• College degree or equivalent preferred.

• Minimum of 3 years in Finance, Accounting or applicable fields.

• Strong Excel and database skills related to financial management systems.

• Ability to quickly learn stringent reporting requirements for Investor Accounting.

• Ability to quickly solve problems and create solutions based on set parameters.

• Detail oriented with a focus on financial presentation.

• Strong communication and interpersonal skills.

• Strong time management with an emphasis on meeting tight deadline requirements.

COMPUTER SKILLS

To perform this job successfully, an individual should be proficient in Microsoft Office Products and have the ability to learn other programs.

PHYSICAL DEMANDS AND WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The employee will operate in a general office environment, using office equipment such as a phone and a computer.  The employee must be able to bend and squat occasionally when accessing storage. 

• The noise level in the work environment is usually quiet to moderate as compared to a private office with light foot traffic and office equipment.  The employee must be able and willing to interact frequently with the general public.