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Financial Analyst

Job in Manhattan Beach - Los Angeles County - CA California - USA
Company: Kinecta Federal Credit Union
Full Time position
Listed on 2019-05-18
Job specializations:
  • Finance
    Accounting and Finance, Financial Advisor, Financial Analyst, Finance Graduate
  • Accounting
Job Description & How to Apply Below
Job Description

Investing in a career at Kinecta Federal Credit Union simply makes good sense. After all, we’re one of the largest credit unions in California and in the nation. And we’re growing.

  • A place where you can spread your wings. Take risks. Do something brilliant.
  • A place where community giving is celebrated and where diversity really counts.
  • A place that's growing and moving forward. A place with a great future.
  • A place for you.

Finance Department drives the Credit Union’s annual and mid-year planning and budget process and is responsible to executive management reporting, financial forecasts, profitability assessment, and providing risk reporting and loan loss modeling including the use of data analysis and risk mitigation tools to effectively manage the overall risk exposure of the Credit Union. The Cost Control Analyst is responsible for assisting management with the ongoing analysis and control of organizational expenses.


  • Support the Finance department by utilizing a wide range of analytical, quantitative and statistical methods and tools to interpret a large and complex data set; data collection, querying, data modeling and analysis.

  • Support the Finance department by reviewing expense budgets, analyzing budget variances and preparing estimates of costs.

  • Assists in the preparation of various reports including, but not limited to, various Committees and senior management.

  • Work in collaboration with business groups to review in detail, their expenses and provide feedback and suggestions as to where improvements can be made.

  • Prepare detailed variance analysis and identify trends.

  • Provide cost information for month-end, quarter-end, and year-end close.

  • Assemble, compile, and analyze information, and resolve errors/inconsistencies in data from various systems.

  • Prepare ad-hoc management projects as needed.

  • Other tasks and duties as assigned.

    Required Skills:

  • Knowledge, Skills and Abilities:

  • Graduation from an accredited college or university with major course work in Finance, or closely related field and/or an equivalent combination of education and experience.

  • Minimum 5 years experience in Accounting/Finance or other related finance experience.

  • CFA or MBA preferred

  • Advanced Financial modeling capability

Education, Training and Experience:

  • Five years' relevant finance experience at a senior level

  • Demonstrated ability to apply broad concepts to highly technical applications.

  • Ability to develop highly dynamic PC-based financial models.

  • Demonstrated understanding of data management skills such as SQL

  • Demonstrated project management skills, including the ability to lead multi-departmental project teams.

  • Excellent oral and written communication and presentation skills.

  • Demonstrated ability to draw “big-picture” trends and meaningful conclusions from an immense array of detailed data.

  • Demonstrated ability to successfully interact with, and elicit cooperation from a diverse array of departments and functional areas.

  • High degree of PC literacy, including spreadsheet and database applications.

  • Excellent analytical and problem solving skills.

  • Thorough understanding of accounting fundamentals, budgeting and financial analysis as demonstrated by appropriate degree and/or experience.

    Experience as outlined may be substituted for education on a year-for-year basis.

    Employee must adhere to all compliance regulations in the strictest manner during the performance of their job duties.

Company Description

Kinecta Federal Credit Union is one of the nation's leading Credit Unions, with more than $4 billion in assets and serving over 285,000 member-owners across the country.

From the beginning, we have helped our members fulfill their dreams. In 1940, Hughes Aircraft Employees Federal Credit Union was an idea born from a simple inconvenience: employees of the Hughes Aircraft Company were spending too much lunchtime driving downtown to handle their finances. So why not start a credit union, right there at the plant?

“I went to Mr. Hughes’ office in Hollywood and talked to his secretary Nadine. I gave her all the facts and Mr. Hughes said, ‘Sure. Start the Credit Union. Just keep my name clean. I don't want anything funny going on.’ I said, you can be sure of that. And Hughes Credit Union was born.”

- Lou Merandi, Credit Union Founder & Hughes Aircraft Chief Tool Designer, 1937-1981

In October 1940 a United States government charter was issued to establish the Credit Union. Each of the 12 founders deposited $5 to make the Credit Union's total assets $60. Membership cost 25 cents and the maximum loan amount was $200. We launched our name change to Kinecta Federal Credit Union in July 2001, after serving our members proudly as Hughes Aircraft Employees Federal Credit Union for more than 60 years.

As we continue to expand our position as a leader in the financial services industry our Kinecta name and logo represent our continued commitment to delivering unequalled value to the members-owners of Kinecta Federal Credit Union. Our promise: Every aspect of our organization, from our employees, to our communications, to our products and services, sets standards of excellence by remembering that our business is serving our members. And we’re committed to doing that better than anybody.

Position Requirements
Less than 1 Year work experience
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