Careers

Open Positions at ALM First

Financial Analyst Intern

Department: Strategic Solutions Modeling Group (SSMG)
Reports To: Director/Associate, SSMG

Qualifications: Junior or Senior year of undergraduate degree in finance or a related field. No prior experience is required; however, at least 1 year of analyst work experience is preferred.

Responsibilities: The intern role is to facilitate the data work portion of the advisory team needs. Additionally, interns work closely with a Financial Advisor in maintaining client relationships

  • Preparation of asset/liability management (ALM) reports
  • Loading detailed data from clients into the ALM model via electronic data files
  • Generating interest rate sensitivity analyses, including volatility in economic value of assets and liabilities and projected net interest income
  • Analyzing interest rate risk positions utilizing results from the ALM analysis for clients
  • Preparing written analyses of the ALM results
  • Discussing ALM results with the Financial Advisor and with clients via remote or in-person presentations
  • Preparing what-if analysis and providing written analysis of the results
  • Facilitate training of new analysts
  • Contribute to the development of new products
  • Participate in SSG projects
    • Credit and valuation
    • Distressed cash flow analysis
  • This position is an entry level position.

The day to day duties of the position can be categorized as either 1) analysis or 2) client related

  • Analysis
    • Manage all data to and from clients
    • Model client balance sheets in ALM software
    • Produce ALM output
    • Prepare write-up analyzing ALM output
    • Run what-if analysis
    • Run monthly investment reports
  • Client
    • Discuss ALM results with clients
    • Discuss what-if results with clients
    • Discuss research and market conditions with clients
    • Interact with client regarding data management

ALM FIRST STATEMENT ON DIVERSITY & INCLUSION

ALM First believes deeply in equality and strongly supports diversity and inclusion. Many of the clients we serve were founded to provide equal economic opportunities for their communities. By providing fair and affordable access to credit, our depository clients are helping individuals and families of modest means buy their first homes and open or maintain their small businesses. We will continue our commitment to financial inclusion for all Americans as we serve the clients providing critical financial resources to the communities that need them most. We are always looking at how we can improve our own policies and practices to encourage diversity through the use of an Employee Task Force.

Investment Management Group Analyst

Department: Investment Management Group
Reports To: Senior Director

Job Summary: Support traders, portfolio managers, and client service in the development, communication, and execution of investment strategies that seek to maximize risk-adjusted performance across the firm’s discretionary and non-discretionary institutional mandates.

Responsibilities: 

  • Aid senior staff in portfolio strategy and construction, congruent with client’s investment guidelines and objectives
  • Perform portfolio risk analytics and performance attribution and communicate findings to senior staff and client service
  • Portfolio monitoring – review/analyze weekly analytics and portfolio weights to help inform investment decisions
  • Support business development in RFP reviews, marketing material, and ad-hoc requests
  • Monitor credit portfolios to evaluate ongoing credit quality and ratings migrations
  • Re-balancing of model portfolios to model/target weights
  • Assist in economic, market, and relative value research and commentary
  • Respond to ad-hoc requests from traders and portfolio managers

Qualifications: 

  • 1-3 years of relevant work experience, preferably in asset management, banking, or related field
  • Understanding of macroeconomic and fixed income fundamentals
  • Familiarity with securitized products, corporate credit, municipal bonds, and repo markets
  • Proficiency in Microsoft Office, particularly Microsoft Excel and PowerPoint. Experience with VBA, SQL, or R is a plus.
  • Working knowledge of Bloomberg, Intex, and other analytics platforms
  • Excellent written and verbal communication skills
  • Strong work ethic, attention to detail, and superior analytical skills
  • Bachelor’s degree and strong academic record with a concentration in finance, economics, mathematics, or other related quantitative/analytical discipline preferred. Advanced degree is a plus.

ALM FIRST STATEMENT ON DIVERSITY & INCLUSION

ALM First believes deeply in equality and strongly supports diversity and inclusion. Many of the clients we serve were founded to provide equal economic opportunities for their communities. By providing fair and affordable access to credit, our depository clients are helping individuals and families of modest means buy their first homes and open or maintain their small businesses. We will continue our commitment to financial inclusion for all Americans as we serve the clients providing critical financial resources to the communities that need them most. We are always looking at how we can improve our own policies and practices to encourage diversity through the use of an Employee Task Force.

Participation Loan Coordinator

Department: Loan Transaction Network
Reports To: Managing Director, Loan Transaction Network

Qualifications: 

  • Bachelor’s degree in a related field and/or equivalent work experience.
  • 2 years of loan transaction closing experience.
  • Strong verbal and written communication skills.
  • Highly organized and detail oriented.
  • Prior experience with Salesforce/nCino, Fiserv Signature.
  • Ability to effectively multi-task and deliver quality results within fast paced environment.
  • Ability to exercise good judgment, make decisions that are well supported, and work independently without compromising quality.

Responsibilities:  The Participation Loan Coordinator is directly responsible for the integrity of the loan closing, due diligence, and documentation for the loans under Letter of Intent (LOI).

  • Responsible for initiating and driving the overall loan closing process, developing and maintaining the relationships, coordinating the activities, decisions, and communications between the deal teams.
  • Develops and maintains positive relationships with clients, that may involve customer-facing activities such as conference calls, correspondence, pre- and post-closing meetings.
  • Assists with inquiries from different deal teams pertaining to due diligence review, closing/funding process, and ongoing remittance reports.
  • Facilitates communications between participation parties in a timely manner and set the right expectations.
  • Assists in administering participation agreements and other legal documents between participation parties.
  • Monitors closing documents to ensure accuracy of funding for participation purchases and receipt of wire for participation sales.
  • Generates reports as needed to monitor loan closing pipeline, loan closing target dates and deadlines, and consistently update tracking schedules for every loan participation.
  • Coordinates post-closing annual loan review process for Commercial Real Estate loans, including but not limited to navigate missing documents, follow up on the updated financials, and organize the documentations for each loan.
  • Participates in projects and provides valuable input with various working groups, with the goal to continually enhance loan participation process and efficiency.
  • Other duties as assigned.

ALM FIRST STATEMENT ON DIVERSITY & INCLUSION

ALM First believes deeply in equality and strongly supports diversity and inclusion. Many of the clients we serve were founded to provide equal economic opportunities for their communities. By providing fair and affordable access to credit, our depository clients are helping individuals and families of modest means buy their first homes and open or maintain their small businesses. We will continue our commitment to financial inclusion for all Americans as we serve the clients providing critical financial resources to the communities that need them most. We are always looking at how we can improve our own policies and practices to encourage diversity through the use of an Employee Task Force.

Director, Advisory Services

Department: Advisory Services
Reports To: Managing Director, Advisory Services

Qualifications:  5 years of experience in securities analysis or asset/liability management. 

Responsibilities:  The director is responsible for managing the firm’s credit union client relationships.  As part of this relationship, the advisor is responsible for:

  • Review and present asset/liability management (ALM) reports to client board and ALCOs
  • Analyze the interest rate risk position of clients utilizing results from the ALM analysis
  • Discuss ALM results with clients via telephone or in presentations at the clients’ offices
  • Develop and implement investment/business strategies to fit within the client’s needs and goals
  • Select investments congruent with client IPS and future expectation of interest rates
  • Monitor clients’ investment portfolios
  • Discuss and educate clients on relevant economic statistics
  • Travel to each client annually to present results
  • Contribute to the development of new products
  • Produce research pieces, articles, and webinars to be used in ALM First marketing materials
  • Speak nationally at industry conferences

This position should serve as an expert in investment portfolio construction and balance sheet management.

The day to day duties of the position can be categorized as either 1) client related or 2) analyst

  • Client related
    • Discuss and educate clients on changes in the market/economy
    • Present and discuss what-if analysis to clients
    • Maintain/expand market knowledge
    • Discuss and educate clients on ALM an investment strategies
  • Analysis
    • Ensure clients receive stated services throughout the firm
    • Facilitate the on-going education of associates
    • Aid ISG and ALMSG in evaluating strategic ideas
    • Ensure clients are achieving desired performance goals

ALM FIRST STATEMENT ON DIVERSITY & INCLUSION

ALM First believes deeply in equality and strongly supports diversity and inclusion. Many of the clients we serve were founded to provide equal economic opportunities for their communities. By providing fair and affordable access to credit, our depository clients are helping individuals and families of modest means buy their first homes and open or maintain their small businesses. We will continue our commitment to financial inclusion for all Americans as we serve the clients providing critical financial resources to the communities that need them most. We are always looking at how we can improve our own policies and practices to encourage diversity through the use of an Employee Task Force.