Financial Analysis Officer
Our Company
At FirstBank PR, we strive to be a trusted advisor to our clients and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client's expectations.
Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.
A Brief Overview
The Financial Analysis Officer conducts financial analysis activities of the institution by performing the following duties to support the Department/Unit in line with established strategic goals.
What you'll do
Perform risk assessment related to Asset and Liability Management and back-testing reports
Use system to generate reports, analyze output data and recommend course of action related to reporting units across the Corporation.
Provide support on complex financial analyses for other areas of the Bank.
Assist in the preparation of the Budget, Reforecast, Stress Testing modeling, IRR modeling and long-term business plans.
Provide support on modeling and analyzing the four scenarios of Liquidity Stress Test at Corporate and region levels and their respective action plans based on the Liquidity and Funds Management Plan's assumptions in a semiannual basis and prepare the corresponding presentation.
Prepare and analyzes different scenarios for the Capital Plan at Corporate and region levels upon request by Senior Management and prepare the corresponding presentations.
Evaluate the consistency and validity of the projections from the business areas and help incorporate them into the EPBCS Oracle and/or ALM6 model.
Prepare and review the results of the Accounting Standard Codification (ASC) 825 Financial Instruments (FASB 107) Valuations and methodologies executed for disclosure in Financial Statements, on a quarterly basis.
Prepare and review the results of the ASC 860 Servicing Assets and Liabilities and third-party valuation and run the capitalization and amortization process on a monthly and quarterly basis for disclosure in Financial Statements.
Determine model assumptions to produce multiple forecasting scenarios.
Assist in documenting and assessing model's output.
Coordinate with other areas of the bank to gather necessary information to perform analyses.
Capture and analyze historical data, such as bank loans and deposits by market area and economic indicators among others.
Generate reports to comply with regulatory requirements.
Contribute to the release of internal and external financial reports and decision-making process.
Update on an annual basis the model documentations, and manual procedures.
What You'll Need to Succeed
Bachelor's Degree in Finance, Accounting, Econometrics, Economics, Statistics or Engineering. A minimum of two to seven years of experience in planning or related finance areas in a corporation with a complex organizational structure, preferably in a financial institution; or the equivalent combination of Education and Experience needed to be able to perform the functions of this job. Asset liability management or treasury investment experience preferred. CPA,CFA or FRM license/certifications preferred.
Competencies:
The competencies detailed below are the behaviors to be exhibited by the incumbent while performing his/her duties as relates to our corporate values, culture and philosophy.
Understanding of accounting, financial industry related products, and good understanding of banking operation.
Knowledge in MS Office Programs. Some training and experience with financial reporting tools.
Knowledge of statistical methods.
Fully Bilingual – English & Spanish (written & verbal).
Ability to work extended hours in a fast paced and deadline-oriented environment.
Self-motivated and attention to detail.
Effective communication skills across different levels of the organization.
First Bank Puerto Rico is a proud to be an Equal Employment Opportunity Employer and takes affirmative action to employ Women, Protected Veterans, People with Disabilities and Minorities regardless of gender identity, sexual orientation, and any other legally protected status.