Budget Analyst

COMPANY BACKGROUND: Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered institution and the largest African and Caribbean American operated savings bank in the United States with over $600 million in assets and 120 employees.  The Bank was chartered in 1948 to address the savings and credit needs of an under-served community.  The Bank converted from mutual to stock form in 1994 and is publicly traded on the American Stock Exchange under the symbol ?CNY?.  Currently, Carver operates eight full service branches in the New York City boroughs of Brooklyn, Queens and Manhattan.  Carver recently acquired the Brooklyn-based Community Capital Bank to expand our service and product offerings and to better serve the small business community. The deal is expected to close by October 1, 2006.  We are looking for customer-service focused individuals with an entrepreneurial spirit who can work effectively whether independently or with a team while juggling multiple priorities. POSITION SUMMARYWe have an opening for a Budget Analyst who can manage our bank-wide budget process, including developing and maintaining models and generating reports for business unit profitability, asset liability management, transfer pricing, and interest rate risk.  The successful candidate will also be expected to enhance and prepare management and board reports as well as produce portfolio and acquisition analyses.

 

Duties and Responsibilities:

? Utilize IPS-Sendero Budgeting & Planning System to consolidate data and prepare the annual budget for review and approval by senior management and the Board of Directors

? Participate with the development and maintenance of modeling and reporting for business unit profitability including expense allocations and transfer pricing methodologies.

? Develop and maintain modeling to report on the Bank?s interest rate risk profile.

? Assist in the enhancement and production of the Bank?s various monthly management and board reports including variance to budget analysis with written commentary and interaction with business units discussing variance concerns.

? Manage the preparation, distribution, consolidation and reporting of the bank-wide annual budget process.

? Produce various reports to provide analysis and commentary regarding performance

? Utilize SNL Financial Online Database to access and research bank data, including branch mapping, demographic analysis, overlaying banking financial data with demographic/mapping tool and peer analytics

? Aid in M&A analytics, including scenario analysis, percentage of cash/stock mix, accretion/dilution analysis, imputed valuation, premium, synergy assumptions, CDI amortization, etc.

? Prepare analysis and reports for the Bank?s lending, investment and deposit portfolios.

? Other duties may be assigned to meet business needs.

 

Background and Experience:

? 3-5 years experience working in the banking industry.

? College degree in Accounting, Economics, or Finance, MBA a plus.

? Interest in learning all aspects of asset/liability management and budgeting & forecasting, including: interest rate risk, profitability analysis, and transfer pricing.

? Strong knowledge of Microsoft Excel, Access, Word and accounting software.

? Excellent organizational skills.

? Ability to make sound judgments and complete tasks with minimal supervision.

? Excellent verbal and written communication skills.

 

Our benefits package includes a free checking and online banking account, medical, dental, vision, and life insurance, and a 401k Plan. We are an equal opportunity employer and minorities are strongly encouraged to apply.  You must be authorized to work in the USA and able to commute to all of our locations at anytime.  We cannot offer sponsorships or relocation at this time.  If interested, please apply online.  We will contact only those who have experience performing the tasks outlined above and meet the stated qualifications. Please include the job title in the subject line.  No phone calls, faxes or agencies please.