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    Pricing & Profitability Analyst - Harrisburg, United States - PSECU

    PSECU
    PSECU Harrisburg, United States

    4 weeks ago

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    Description
    PSECU, a high-tech progressive financial institution with more than $8 billion in assets, is seeking a Pricing & Profitability Analyst II or III who provides valuable insights into product returns, risk, and profitability, to be used for strategic pricing decisions.

    Pricing & Profitability Analyst II - Maintains the credit union's profitability system by capturing and allocating all costs and revenues associated with products and services, produces profitability reports to be used by decision makers throughout the credit union, and makes pricing recommendations. Performs ad hoc analysis and provides operational support to the Pricing & Profitability team.Performs work under general supervision. Handles moderately complex issues and problems and refers more complex issues to higher-level staff. Possesses solid working knowledge of subject matter.

    Pricing & Profitability Analyst III - Assists with driving the credit union's pricing strategy by actively managing the profitability system by capturing and allocating all costs and revenues associated with products and services, analyzing profitability reports to be used by decision makers throughout the credit union, and proactively making pricing recommendations. Performs ad hoc analysis and provides operational support to the Pricing & Profitability team.Performs work under minimal supervision. Handles complex issues and problems and refers only the most complex issues to higher-level staff. Possesses comprehensive knowledge of subject matter. Provides leadership, coaching, and/or mentoring to a subordinate group. May act as a lead or first-level supervisor.

    Benefits: We offer a competitive salary, excellent benefits and a great work environment. Along with excellent medical and retirement programs and a generous leave package, our workplace offers tuition reimbursement.

    Employee Type: Full-time, Nonexempt

    Schedule: Monday - Friday; 8am-4pm. This is a hybrid schedule working remotely with minimum onsite expectation of 20%, or as needed.

    Minimum Starting Payrate: (Commensurate with experience)

    Candidate must be bondable and credit worthy.

    DUTIES AND ACCOUNTABILITIES FOR LEVEL II - Essential for this position:
    • Maintain PSECU's Profitability software by allocating all costs and revenues associated with the credit union's products and services and develop model assumptions required for calculating Funds Transfer Pricing (FTP). Report on the profitability of the organization, lines of business, member segments, and product offerings, and make recommendations as needed.
    • Analyze competitor offering rates and prepare routine and ad hoc analysis to assist with weekly rate recommendations on all product offerings. Effectively communicate study results and make recommendations as needed to the AVP, Strategic Finance & Planning, or as assigned.
    • Maintain portfolio level credit risk modeling and monitoring through static pool analysis, to identify risk factors and explain credit risk trends. Utilize model results to forecast future losses and determine lifetime loss for each product.
    • Collaborate with business units to gather the information required for measuring profitability, and provide information, reporting, and financial analysis to assist with fiscally sound decision making.
    • Develop financial models and analyses (i.e. break-even analysis and incremental revenue & cost analysis) to assist business units with evaluating product rate changes, promotional opportunities, new product offerings, business cases, etc.
    DUTIES AND ACCOUNTABILITIES FOR LEVEL III - Essential for this position:
    • Maintain PSECU's Profitability software by allocating all costs and revenues associated with the credit union's products and services and develop model assumptions required for calculating Funds Transfer Pricing (FTP). Analyze the profitability of the organization, lines of business, member segments, and product offerings, and make recommendations as needed.
    • Analyze competitor offering rates, prepare routine and ad hoc analysis, and proactively make recommendations on all product offering rates to the AVP, Strategic Finance & Planning. Utilize the pricing strategy to help execute the balance sheet management strategy.
    • Maintain portfolio level credit risk modeling and monitoring through static pool analysis, to identify risk factors and explain credit risk trends. Utilize model results to forecast future losses and determine lifetime loss for each product.
    • Partner with business units to gather the information required for measuring profitability, and provide information, reporting, and financial analysis to assist with fiscally sound decision making. Make recommendations to improve product profitability, as needed.
    • Develop comprehensive financial models and analyses (i.e. break-even analysis and incremental revenue & cost analysis) to assist business units with evaluating product rate changes, promotional opportunities, new product offerings, business cases, etc.
    MINIMUM / PREFERRED EXPERIENCE AND EDUCATION FOR LEVEL II:

    Minimum Experience:
    • Bachelor's degree in finance or accounting.
    • 2 to 4 years' experience in Financial Analysis or Cost Accounting
    Required Knowledge & Skills:
    • Working knowledge of financial, accounting, and economic principles
    • Analytical and financial modeling skills
    • Problem Solving Skills
    • Advanced Excel Skills
    • Knowledge of Profitability and Credit Risk software systems
    MINIMUM / PREFERRED EXPERIENCE AND EDUCATION FOR LEVEL III:

    Minimum Experience:
    • Bachelor's degree in finance or accounting. MBA or CPA, or an equivalent certification is preferred.
    • 4 to 6 years' experience in Financial Analysis or Cost Accounting
    Required Knowledge & Skills:
    • Comprehensive knowledge of financial, accounting, and economic principles
    • Advanced analytical and financial modeling skills
    • Critical thinking and problem solving skills
    • Strong communication, story-telling, and people skills
    • Advanced Excel Skills
    • Knowledge of Profitability and Credit Risk software systems
    Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

    The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR c)


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