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Do you enjoy solving problems, finding solutions and impacting growth and profitability? The Financial Analyst in our Retail Product Management team will play a key role in managing the pricing process and reporting and analyzing the performance of the various deposit, loan and revenue areas at MidFirst Bank. This position will be the primary facilitator for all product pricing recommendations by management as well as being instrumental in developing and maintaining reporting on the effectiveness of all product growth and strategy initiatives. The successful candidate must have strong analytical skills, great attention to detail, and be comfortable with presenting both simple and complex scenarios to all levels of the organization, including executive management.
At MidFirst, you will be part of a company that attracts and develops the highest quality people and rewards superior performance. MidFirst Bank occupies a rare position with the banking industry. We are the largest privately owned bank in the United States. This combination of size and private ownership allows us to deliver an environment that is true to our values and provides our employees the best opportunities for success. While our portfolio of services competes with larger banks, our people and culture truly define the MidFirst difference.
The Financial Analyst responsibilities include:
Maintain and communicate the results of product and portfolio performance to appropriate business units, including executive management.
Prepare and present pricing review documents for all MidFirst Bank markets and Brands. This includes portfolio production, competitive analysis and comparison to key performance indicators.
Manage, own and drive the rate plan update process, including developing and maintaining pricing strategy reporting, presenting pricing recommendations, communicating changes throughout the Bank and ensuring rate changes have been executed successfully.
Manage internal and external rate sheets, ensuring rates are accurately reported and adhere to applicable regulatory guidelines.
Support the Retail Product Management team of product managers to track and measure product strategy results, as well as identify and analyze new and existing product and promotional opportunities.
Assist in the annual development and ongoing management of the Retail Product Management budget for deposits, loans and revenue.
Maintains a strong working relationship with supported lines of business. Develops relationships with key business partners and external partners to solve complex problems and identify opportunities for improvement.
Analyze and communicate key insights on various product portfolio and/or strategy initiatives, such as product profitability, competitive and industry insights, customer survey and/or feedback reviews, etc.
Develop reporting to track product platform configurations and ensure compliance to policy, procedures and regulation.
Provide project-tracking assistance to Product Manager on product and project initiatives.
Assist the Product Manager and customer support teams to consume customer level reporting on call volumes, complaints or online and mobile usage to assist with identifying improvement opportunities.
Attend meetings as a key representative and facilitate any follow-up items or other requests.
Conduct and assist with Research and Analysis – competitive, industry, promotional and customer.
Extreme attention to detail and compliance with business processes and applicable regulations.
Perform miscellaneous duties and ad hoc reporting as needed.
Position Requirements:
Bachelor’s degree required in the areas of Finance or Accounting with minimum 3.25 GPA; MBA and/or CPA preferred
2+ years of experience financial analytics, ideally in banking or financial industry
Ability to work both independently and contribute to team structure
Advanced proficiency in Microsoft Office suite – Word, Outlook, Excel, PowerPoint
Experience using data mining tools required; PowerBI experience preferred
Must have strong verbal and written communication skills and demonstrate the ability to articulate complex concepts in a clear and concise manner
Must have strong quantitative, problem solving and analytical skillset
Self-motivated
Ability to thrive in a fast-paced environment, managing several projects and tasks concurrently
Keen attention to detail and highly organized
Strong presentation skills
Seniority level
Entry level
Employment type
Full-time
Job function
Finance and Sales
Industries
Banking
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The field is also growing at a steady pace. The BLS projects employment for financial and investment analysts to grow by 8% from 2022 to 2032, which is faster than the average projected growth for all jobs. This amounts to about 29,000 new financial analyst jobs by 2032.
In this highly competitive job market, a master's degree gives an applicant a boost. A successful career as a financial analyst requires strong quantitative skills, expert problem-solving abilities, adeptness in logic, and above-average communication skills.
Financial analysts work in banks, pension funds, insurance companies, and other businesses. Financial analysts guide businesses and individuals in decisions about expending money to attain profit.
Financial Analysts often navigate high-pressure environments, balancing tight deadlines with the need for meticulous accuracy in data analysis and forecasting. Stress levels can peak during quarterly earnings reports and fiscal year-ends.
A Bachelor's degree in math, statistics, economics, accounting or a related field is typically the minimum requirement for becoming a Financial Analyst. However, higher roles such as Senior Financial Analyst may require a Master's degree in finance or an MBA.
The workforce of Financial analysts in 2022 was 300,586 people, with 41.3% woman, and 58.7% men. The average age of male Financial analysts in the workforce is 37.6 and of female Financial analysts is 40.6, and the most common race/ethnicity for Financial analysts is White.
Financial Analyst Degree and Educational Requirements. There is no specific degree required for a career as a financial analyst, but finding a job will probably be easier if you have a bachelor's degree, and most companies require it. Nearly all financial analysts start with an internship or entry-level position.
Work from home financial analysts often measure key performance indicators, produce reports on request, ensure data integrity, and support regulatory compliance activities. This is a remote, home-based position, though some companies may occasionally ask you to visit the office to attend meetings or give reports.
Not only do Financial Analysts make good money, but this profession offers most people opportunities for professional advancement. For those who have newly graduated from a bachelor's program, internships at banks and financial institutions are available. In addition, entry-level Analyst positions are also an option.
Drawbacks of a career in finance can include high stress, long working hours, continuing education requirements, and, in some cases, limited job stability.
In general, financial analysts are well paid which can lead to them becoming rich. The average salary for a financial analyst in 2023 (the latest data available) was $99,890.
The demand for skilled talent in finance and accounting remains high in mid-2024. That means employers must intensify their efforts to hire and retain both long-term and short-term talent if they want to meet their hiring goals in the months ahead.
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