Sr Financial Analyst

Company Description

Heritage Bank N.A. is an employee-owned financial institution with operations in Minnesota and South Dakota, serving customers nationwide. The bank provides mortgage lending, commercial banking, agricultural banking, and a range of deposit products to individuals and businesses. Heritage Bank emphasizes continuous innovation, accountability to customers and colleagues, and an entrepreneurial culture among its employee owners. This commitment to performance and collaboration supports competitive compensation, benefits, and company ownership opportunities. Team members are encouraged to contribute ideas and help shape the future of the organization.

Position Summary

Leads the bank's liquidity management and funding operations, serving as the primary owner of liquidity strategy, funding execution, and asset-liability management (ALM) activities. Oversees daily liquidity positioning, develops and maintains funding strategies, and ensures compliance with internal policy limits and regulatory expectations. Partners closely with finance leadership and the ALCO to align treasury activities with the bank's financial performance and strategic objectives. Provides expert analysis, reporting, and recommendations to support executive decision-making related to liquidity, margin, capital, and interest rate. In addition, supports and works closely with capital markets activities including loan pricing, secondary market execution, and pipeline management.

Treasury & Liquidity Management

• Maintain and periodically test the Contingency Funding Plan (CFP)
• Monitor daily liquidity position and ensure compliance with internal policy limits
• Manage funding sources, including core deposits, brokered deposits, FHLB advances, and fed funds lines
• Prepare liquidity forecasts and perform stress testing to support planning and regulatory expectations

Finance & Reporting Support

• Support month-end and quarter-end processes through balance sheet and funding-related analysis
• Afford assistance in financial reporting by providing insight into liquidity, funding costs, and interest income/expense drivers
• Perform variance analysis and support internal management reporting
• Afford assistance with audit requests and regulatory examinations related to treasury and balance sheet

Investment Portfolio and Capital Markets Support

• Afford assistance in monitoring the securities portfolio, including cash flows, duration, and performance
• Afford assistance in investment activity tracking and alignment with accounting records
• Afford assistance in ensuring compliance with investment policy guidelines
• Afford coordination with capital markets on hedging strategies and best execution analysis for loan sales
• Provide analytical support for gain-on-sale margin tracking and investor reporting

Capital & Strategic Support

• Evaluate funding strategies in relation to loan growth and new initiatives
• Afford assistance with stress testing tied to capital and liquidity

Process Improvement & Controls

• Identify opportunities to improve efficiencies and optimize processes across finance and accounting
• Maintain strong internal controls and documentation
• Afford support automation and reporting enhancements in partnership with IT/data teams

Bank Standards

• Mission – Helping People Succeed
• Ethics – We always do the right thing at work and in our personal lives.
• Solution – We bring solutions to challenges and are always looking for ways to be better.
• Ownership – We are accountable in our roles and accept responsibility for our mistakes.
• Positivity – We bring positive energy and enthusiasm to everything we do.

Compensation & Benefits

The position provides an annual salary range of $105,000 - $125,000. Full-time team members enjoy a comprehensive benefits package including paid time off, paid holidays, and even paid volunteer days. Your health is covered with medical, dental, and vision insurance, plus plan for your future with our 401(k) and ESOP retirement plans. Enjoy additional benefits and incentives consistent with our company policy. Join us and discover how rewarding your career can be!