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PenFed Credit Union Business Analyst, Product Profitability Analytics in McLean, Virginia

Overview Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members “do better.” Joining PenFed is more than being an employee; it’s about being a part of the PenFed family. PenFed is hiring a Business Analyst, Product Profitability Analytics at our Tysons, Virgina location. The primary purpose of this job is to lead business analytics required for the growth of PenFed Consumer Banking loan portfolio, improve the product profitability, and conduct new product/initiatives financial evaluation. This position will play a critical role in advancing analytical capabilities for Consumer Banking, and developing actionable business insights in strategic and tactical decision making. This position will also be responsible for identifying and recommending solutions, practices, and innovative techniques that align with strategic business initiatives, anticipate market changes and trends and meet financial goals. Responsibilities Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. Perform product profitability analysis across all Consumer Banking products, including new product development, merger & acquisition, organic growth vs. 3rd party loan origination, etc. Analyze data gathered from multiple sources to reconcile differences. Apply a consistent approach to data interpretation and performance evaluation/forecast. Build new and modify existing database/data-mart and business intelligence solutions to meet evolving business needs. Analyze and evaluate competitor data and industry trends to understand current business unit competitive posture. Compile, research and analyze trends in support of projects and initiatives. Embrace ambiguity and develop hypothesis/conceptual framework to connect business performance with product offering, customer profile, and economic/industry factors. Drive sophisticated financial analysis and pricing analytics, build profitability models to assess performance across consumer banking products (including credit cards, auto loans, personal loans, and student loans) by origination channels, risk segments, vintages, and terms. Formulate recommendations to share with key decision makers. Clearly articulate findings and business impact as appropriate. Team with Product, Credit Risk, Marketing, Finance, IT, and other internal business teams to obtain quantitative and qualitative data of business processes, and provide insights to drive better business results. Work closely with direct management in the holistic evaluation of strategies aimed at driving profitable product portfolio growth. Qualifications Equivalent combination of education and experience is considered. Bachelor’s Degree in Economics, Mathematics, Statistics, Finance, Engineering or a related field is required. Master’s Degree in a quantitative or a related field is highly preferred. Minimum of three (3) years of experience in Credit Card or other Consumer Banking products acquisition data analytics including but not limited to marketing analytics, statistical analysis, and performance evaluation within a financial services industry is required. Hands-on skills in SQL, Python/R, Tableau, VBA, and proficiency working with large dataset are required. Advanced Microsoft Excel (i.e., Pivot tables, macros, lookup, index/match) and PowerPoint skills are required Understanding of consumer lending products’ profitability framework are highly preferred. Expertise in Data Warehouse and business intelligence associated tools are preferred. Statistical analysis experience, including A/B testing, linear regression, and time series forecasting are preferred. Ability to manage many initiatives simultaneously while providing progressive delivery. Effectively interact and communicate with varying levels of leadership across a broad network of resources. Strong written, verbal, organizational, and communication skills necessary. Proven project management and executive presentation skills. Work Environment While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise. Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds. Travel Ability to travel to various worksites and be on-call may be required. Special Message Regarding COVID 19 PenFed is continuing to hire and train exceptional individuals to help us serve our 2 million members both here and around the world. In light of the current situation with novel coronavirus (COVID-19), we have modified our hiring, onboarding, training, and deployment protocols in order to comply with current local and state guidance around social distancing. About Us Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2 million members and over $26 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day. We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more. Equal Employment Opportunity PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same. PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 240-224-4256. #LI-CM2