VP, Manager, Financial Planning and Analysis

Job Description

VP, Manager, Financial Planning and Analysis Tuesday, January 14, 2025 People Drive Our Success Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank, we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities. The VP Manager of Financial Planning and Analysis is directly responsible for financial planning and analysis. Financial planning and analysis are a set of planning, forecasting, budgeting, and analytical activities that support the company’s major business decisions and overall financial health. Manage a team and oversee the preparation of critical reports, financial models, and quarterly earnings. Act as back-up to the SVP, FP&A for SOX and investors’ relationships. DIRECT REPORTS The incumbent has 3 direct reports. ESSENTIAL FUNCTIONS Manage and oversee the preparation of the following reports:Annual budget and strategic and business plans. Quarterly contingency liquidity plan stress test. Monthly interest rate risk shock analyses and related periodic monitoring stress tests. Monthly Board reports package. Monthly internal management reports and financial performance reports. Manage financial models and coordinate with Model Risk Management to validate all financial models. Prepare quarterly earnings call scripts, potential questions and answers, and investors’ presentation. Interact with internal and external auditors and regulators. Undertake projects assigned by the SVP, Financial Planning and Analysis. Manage and provide guidance to the team including writing annual performance evaluations and providing balanced feedback. Hosts meetings to support their development and to keep team up to date on new procedures and strategies. QUALIFICATIONS Education: College degree in Accounting and Finance required. CPA preferred. Experience: Minimum 7 years of banking and accounting experience required. Financial planning and analysis experience with banks is required. Working knowledge of asset liability management/interest rate risk modeling (especially Empyrean ALM) and financial modeling are highly preferable. Strong knowledge of bank and business accounting functions, banking laws and regulations, fiscal and monetary policy, regulatory compliance, industry standards, practices and expectations. Knowledge of general banking operations, products and services. Knowledge of applicable regulatory compliance obligations, industry standards, practices and expectations, and accounting standards. Skills/Ability: Self-motivated, disciplined, task-focused, with an ability to effectively structure and present complex topics in an easy-to-understand executive presentation format. Strong analytical and managerial skills. Advanced level experience working in Microsoft Office applications, including Word, Excel, PowerPoint, Visio, and Access. Strong interpersonal, verbal and written communication skills. Demonstrated ability to interact effectively, internally and externally, with senior representatives of organizations, regulators, and vendors. OTHER DETAILS $135K – $148K / yearPay determined based on job-related knowledge, skills, experience, and location.This position may be eligible for a discretionary bonus. Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k). Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We believe in diversity, equity, and inclusion in the workplace. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law. #J-18808-Ljbffr