Financial Analyst - Portfolio Management, Assistant Vice President
Company: Union Bank
Location: Walnut Creek
Posted on: November 26, 2022
Are you passionate about creating an exceptional client
Discover your opportunity with Union Bank -, a division of the
Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial
group in the world. At Union Bank, we have our clients' best
interest in mind and draw on more than 160 years of experience to
understand their distinct needs to tailor our solutions. We're part
of 180,000 colleagues around the globe striving to be the world's
most trusted financial group, knowing that trust starts with a
culture of putting people first and empowering you to achieve your
Join Union Bank, where being inspired is expected and creating
results is rewarded.
Community Development Finance ("CDF") provides real estate
construction, permanent loans, and tax credit equity investments,
and is a leader in affordable housing finance in California. The
Portfolio Financial Analyst is responsible for supporting the
Portfolio Management team for CDF.
Responsibilities include, but not limited to the following:
In this role you will work closely with and support the supervisor
on the monthly accounting, quarterly reporting, and other finance
processes. You will assist in maintaining databases accuracy for
reporting and financial analysis purposes, including owning and
developing portfolio financial summaries, ensuring books and
records / transactions are accurate and complete. Responsibilities
Review annual financial statement and tax returns for CDF's
investment portfolio, including review of CDF's Syndication Fund
financial statement and tax returns.
Perform financial analysis and interpretation, supporting the
investment portfolio. Contributing with investor reporting duties.
Confidently analyze financial operations in conjunction with
underwriting, project-level agreements, partnership, appraisals,
including property level performance analysis for CDF's
Forecast preparation and ownership over flux analysis and how
transactions impact the future forecast and other PM team members,
requiring quantitative and qualitative analysis.
Ownership over the accounting and finance aspect of Disposition
related matters (Disposition Memos, yield proof, cash flow
analysis, Gain/Loss analysis, coordination w/ other stakeholders
including different departments and within the Portfolio Management
Prepare transactions for the database (such as equity projection
updates, tax return and financial statement updates) and month end
Additional responsibilities may include invoice processing or
reviews, check and wire review/preparation for Non-Interest Income
and Operating Expense forecast.
Ownership over monthly month-end close preparation and memo of
notable items and track open items to follow-up and resolve.
Prepare and own QuickBooks Fund Financials workpaper and VIE work
product, including impairment workpapers, CDF sponsored fund
financials, Bank Recons, address UB sponsored fund and investor
Collaborate with internal and external partners (such as SOX team,
Corporate Tax Department, Business Unit Controllers, Investors,
Auditors, etc.) for any quarterly reporting and deliverables.
Own efficiency projects, operational improvement projects, and
other ad-hoc special projects and analyses as directed.
5+ years of public accounting, finance, and/or FP&A experience
or equivalent, with a working knowledge of Partnership Tax Returns
or working experience in tax accounting.
Experience in affordable housing is a plus.
Advanced working knowledge of U.S. GAAP Accounting to propose
journal entries (Fund Financials, etc.).
Advanced Excel and PowerPoint skills to interpret formulas and
understand the intended goal.
Self-starter, quick learner, operates with a high degree of
Exceptional ability to work with large sets of data, think
critically to recognize discrepancies, correlations and anomalies
through analysis & problem-solving capabilities.
Extraordinary ability to work proactively and independently,
multi-task to adhere to strict deadlines while performing a variety
of complex tasks without compromising quality and competing
Excellent communication (verbal & written) skills. sense of
ownership, and receptive to coaching.
The above statements are intended to describe the general nature
and level of work being performed. They are not intended to be
construed as an exhaustive list of all responsibilities duties and
skills required of personnel so classified.
We are proud to be an Equal Opportunity/Affirmative Action Employer
and committed to leveraging the diverse backgrounds, perspectives
and experience of our workforce to create opportunities for our
colleagues and our business. We do not discriminate on the basis of
race, color, national origin, religion, gender expression, gender
identity, sex, age, ancestry, marital status, protected veteran and
military status, disability, medical condition, sexual orientation,
genetic information, or any other status of an individual or that
individual's associates or relatives that is protected under
applicable federal, state, or local law.
Keywords: Union Bank, Walnut Creek , Financial Analyst - Portfolio Management, Assistant Vice President, Professions , Walnut Creek, California
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