Financial Planning Analyst 1

Job Summary

The Financial Planning Analyst 1 (FPA1) is in the Finance and Accounting Department and involves data analysis for Interest Rate Risk, Liquidity Risk Management, back-office support for analyzed checking accounts, and other ad-hoc analysis. This position assists in the development and refinement of modeling techniques, stress testing of assumptions, and back testing of results. The FPA1 collaborates with other team members to obtain, maintain, and develop the data needed for models. This position performs data validation tasks to ensure data accuracy and integrity. The FPA1 collaborates with team members to ensure the production of standard management reports is completed timely. 

Essential Duties

            Interest Rate Risk Management

• Prepare inputs to run IRR model.
• Compose reports for the Asset Liability Management Council and Committee.
• Assist with stress testing of assumptions, back test, and model validation.
• Gather data to update assumptions such as prepayment, average life of deposits, betas, and others.
• Understand and adhere to the Bank’s risk and regulatory standards, policies, and controls in accordance with the Bank’s risk appetite statements for interest rate risk. 

Liquidity Risk Management 

• Assist with the preparation of the liquidity stress test (LST) and other liquidity management reports. 
• Collaborate with team members to assemble, reconcile, and validate the inputs for the LST.
• Assist in developing and updating the risk events that comprise the LST.
• Understand and adhere to the Bank’s risk and regulatory standards, policies, and controls in accordance with the Bank’s risk appetite statements for liquidity. Understand and apply the principles of the Bank’s Contingency Funding Plan within the scope of the LST.

Account Analysis 

• Updates customers’ account setting in the core system.
• Prepare proforma analysis.
• Responds to inquiries from Branches and other departments.

Other 

• Execute ad-hoc analysis and other requests as needed with minimal supervision.
• Understands profitability, breakeven point, IRR, and other common financial concepts.
• Updates desktop procedures and contributes to policy updates.
• Follows current policy & procedures.
• Performs other job-related duties as assigned.

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department. Completes compliance and other technical training workshops as assigned.

Required Knowledge 

• Basic accounting 
• Intermediate Excel skills 
• Basic knowledge of banking operations and products 

Preferred Knowledge

• Experience with any Interest Rate Risk and ALM software.
• Knowledge of banking software applications such as Jack Henry Silverlake.
• Intermediate level experience with query report writers such as Cognos or Power BI.
• Experience with data management, data mining, or data analytics. 

Basic Skills and Abilities

• Strong analytical, problem solving, and organizational skills.
• Strong and effective oral and written communication skills.
• Ability to work effectively and efficiently within a team environment.
• Ability to effectively manage multiple tasks and meet deadlines.
• Strong attention to detail and accuracy.
• Ability to complete projects and assignments with minimal supervision.
• Must be able to work in a fast paced and deadline driven environment.
• Must be able to take ownership of assigned tasks.
• Must be able to quickly learn new software applications or systems.
• Must demonstrate excellent interpersonal skills.

Officer Title Eligibility 

For qualified positions, the Bank may designate Officer Titles to employees who meet defined competencies for an eligible position. This position is not eligible for an Officer Title.

Equipment Operated 

• Lap/desk top computers 
• Standard Office Equipment (copiers, fax machines, etc.) 

Physical Requirements & Work Environment 

• Requires repetitive movement.
• Requires sitting for prolonged periods of time.
• Requires lifting up to 25lbs.
• Requires using hands to manage, control or feel objects.
• Office setting with controlled temperature.

Education and Experience

• Bachelor’s degree in accounting, Finance, Business Administration, or related areas.
• 1-3 years of related experience required, or 3 years of relevant experience may be substituted in lieu of degree.

This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.

Farmers and Merchants Bank of Long Beach reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment. 

July 18, 2025