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PenFed Credit Union Manager Deposits Business Analytics & Forecast 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 Deposits Business Analytics & Forecasting Manager at our McLean, Virginia location. The primary purposes of this position are to lead forecasting analytics required for the growth of PenFed Deposits Products - Checking, Savings and Certificates of Deposit (CDs), and conduct the product profitability analysis through fund transfer pricing. This incumbent will also provide pricing analytics to support Deposits products growth by leveraging the industry/benchmark study, portfolio vintage analysis, performance assessment, financial analysis, direct data mining, and internal/external sources. 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. Lead Deposits Balance and Accounts forecasting through conducting analysis on pricing/promo sensitivity, portfolio vintage analysis, accounts attrition and maturity profile, marketing investment, and competitor landscape. This includes Checking, Savings, Certificate of Deposits, and other Deposit’s products. Manage and develops the production of multiple financial forecasts and what-if volume & income sensitivity analyses; analyzes corporate and product-level performance against management objectives and goals; effectively presents and explains results to senior management Manage general financial forecasting duties supporting broader Deposits and Finance team including (but not limited to): Forecast, Budget, Capital Plan, and other ad hoc projects. Design and manage the forecast process of Deposits’ KPI (e.g., balance, originations, fees), provide critical inputs to strategic initiatives like Liquidity Analysis and dynamic Asset Liability Management. Lead sophisticated financial analysis and pricing analytics, build profitability models to assess performance across PenFed Deposits products (including Checking, Savings, and certificate of Deposits) by risk segments, vintages, new member vs. existing member, and origination channels. Closely work with Deposits and Finance team to support the overall design, development, testing and implementation of Funds Transfer Pricing process (indicative, monthly, and Proforma) to deliver Deposit’s product profitability analysis. Master fundamental product-design, financial and behavior modeling of various products, including Certificate of Deposits, Savings and Checking accounts; evaluates and models product cash flows including retention, rollover, and new account cash flows. Lead analytic findings related to industry trend, benchmarking, and competitive study, formulate recommendations to share with key decision makers. Clearly articulate findings and observations and make recommendations as appropriate. Work with Deposits, Finance, Marketing, Credit Risk, Operations, IT, and Vendors (Including Consulting firms and Credit Bureaus) to ensure consistent and accurate financial analysis, aim at driving profitable product portfolio growth while minimizing redundancy. Qualifications Equivalent combination of education and experience is considered. Bachelor’s Degree in Economics, Finance, Statistics Engineering, or a related field is required. Master’s Degree in a quantitative or relative field, or MBA/FRM/CFA is preferred. Minimum of eight (8) years’ of progressively responsible working experience with Financial Planning and Analysis and/or Financial valuation/forecasting within a financial service environment - Deposits products (Checking, Saving, and Certificate of Deposits) preferred. Hands-on skills in SQL, Python/R, Tableau, VBA, and proficiency working with large datasets are required. Minimum of three (3) years of direct management experience. Advanced Microsoft Excel (i.e., Pivot Tables, macro, lookup, index/match) and PowerPoint skills are required. In-depth knowledge of fixed income instruments (e.g., MBS/ABS, indeterminate maturity deposits) and interest rate risk measurement concepts (e.g., spreads, prepayments, duration, basis risk) are preferred. Prior experience with QRM (Quantitative Risk Management) and Funds Transfer Pricing strongly preferred. Excellent written communication skills with the ability to consolidate complex topics and detail into digestible and actionable content for Executive presentations. Experience driving results using both business and analytical acumen and develop optimal strategies and tactics that achieve business and member experience objectives. Supervisory Responsibility This position will directly supervise employees Licenses and Certifications There are no additional certifications required. 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. * 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.