Sr Financial Analyst

Drive the financial strategy behind a growing community bank. Join Heritage Bank NA as our Sr. Financial Analyst and play a key role in shaping liquidity, funding, balance sheet performance, and long-term financial success. This position is hiring for candidates in Minnesota.

Company Description

Heritage Bank N.A. is an employee-owned financial institution with operations in Minnesota and South Dakota, serving customers nationwide. The bank provides mortgage lending, commercial banking, agricultural banking, and a range of deposit products to individuals and businesses. Heritage Bank emphasizes continuous innovation, accountability to customers and colleagues, and an entrepreneurial culture among its employee owners. This commitment to performance and collaboration supports competitive compensation, benefits, and company ownership opportunities.

Team members are encouraged to contribute ideas and help shape the future of the organization.

Position Summary:

Leads the bank's liquidity management and funding operations, serving as the primary owner of liquidity strategy, funding execution, and asset-liability management (ALM) activities. Oversees daily liquidity positioning, develops and maintains funding strategies, and ensures compliance with internal policy limits and regulatory expectations. Partners closely with finance leadership and the ALCO to align treasury activities with the bank's financial performance and strategic objectives.

Provides expert analysis, reporting, and recommendations to support executive decision-making related to liquidity, margin, capital, and interest rate.

In addition, supports and works closely with capital markets activities including loan pricing, secondary market execution, and pipeline management.

Treasury & Liquidity Management

• Monitor daily liquidity position and ensure compliance with internal policy limits
• Manage funding sources, including core deposits, brokered deposits, FHLB advances, and fed funds lines
• Prepare liquidity forecasts and perform stress testing to support planning and regulatory expectations
• Maintain and periodically test the Contingency Funding Plan (CFP)

Asset-Liability Management (ALM)

• Support ALCO process, including preparation of reporting and analysis
• Assist with interest rate risk modeling (NII and EVE simulations)
• Analyze deposit trends, loan growth, and cost of funds
• Provide insights to support balance sheet strategy and margin optimization

Finance & Reporting Support

• Support month-end and quarter-end processes through balance sheet and funding-related analysis
• Assist in financial reporting by providing insight into liquidity, funding costs, and interest income/expense drivers
• Perform variance analysis and support internal management reporting
• Assist with audit requests and regulatory examinations related to treasury and balance sheet

Investment Portfolio and Capital Markets Support

• Assist in monitoring the securities portfolio, including cash flows, duration, and performance
• Support investment activity tracking and alignment with accounting records
• Ensure compliance with investment policy guidelines
• Coordinates with capital markets on hedging strategies and best execution analysis for loan sales.
• Provides analytical support for gain-on-sale margin tracking and investor reporting.

Capital & Strategic Support

• Support capital planning and forecasting activities
• Evaluate funding strategies in relation to loan growth and new initiatives
• Assist with stress testing tied to capital and liquidity

Process Improvement & Controls

• Identifies opportunities to improve efficiencies and optimize processes across finance and accounting.
• Maintain strong internal controls and documentation
• Support automation and reporting enhancements in partnership with IT/data teams

Bank Standards:

• Mission – Helping People Succeed Financially
• Ethics – We always do the right thing at work and in our personal lives.
• Solution – We bring solutions to challenges and are always looking for ways to be better.
• Ownership – We are accountable in our roles and accept responsibility for our mistakes.
• Positivity – We bring positive energy and enthusiasm to everything we do.

Get ready to be rewarded! This…