Asset Liability Analyst

Overview

Provident Bank is a successful and highly regarded multi-billion-dollar bank with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees’ experience.

Under general direction, this position is to assist the Asset Liability Manager in maintaining and processing the Asset Liability Model, preparing presentations to ALCO and recording the minutes of the meetings. Assists in the analysis of loan and deposit pricing and prepares various management reports. This position is entry level and is considered a professional in this field of expertise. Incumbent is expected to have a basic knowledge of financial analysis as applied to Asset Liability Risk Analysis.

Exercises analytical skills and independent judgment within established systems and procedures.

• Ensures that the asset/liability simulation software and related systems are functioning properly and coordinates updates or changes to the system.
• Ensures proper backups are performed and disaster recovery plans are up to date.
• Assists in the preparation of the current position data and forecast assumptions for the asset liability, capital and liquidity stress testing models.
• Tests the assumptions for validity to ensure a viable model is maintained and appropriate results are generated, including rate forecast, cash flow or prepayment, rate spread, and balance sheet growth assumptions.
• Assists in running a variety of simulations in the model on a monthly basis for strategy development and interest rate risk measurement and management.
• Assists in preparing a presentation package to the ALCO and Pricing committees. Attends monthly ALCO and Pricing meetings, records and distributes the minutes.
• Reviews and updates the model documentation and procedures for the asset liability, capital and liquidity stress test models.
• Participates in various special tasks and projects as requested by management, including preparation of department reports.

• Bachelor’s degree in Finance or Accounting
• 1 to 3 years experience in a financial services or banking industry
• Familiar with asset liability management software. Proficient in Excel and Word.
• Ability to apply generally accepted accounting principles.
• Ability to understand economic concepts.
• Ability to analyze and interpret financial information
• Ability to define problems, collect data, establish facts and draw conclusions.
• Ability to work with mathematical concepts such as probability and statistics and apply concepts.
• Excellent communication skills.

Work is performed in a normal office environment. Noise levels are usually moderate. This position involves travel to customers and property locations.

• Prolonged sitting
• Lifting from 5 to 10 lbs. (printer paper, storage boxes)
• Occasional bending or overhead lifting (storing files or boxes)
• The hazards are mainly those present in a normal office setting

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

$51,200 - $73,200 annually

Please note, the base pay actually offered may vary based upon the…