Senior Associate, Financial Planning and Analysis

Job Description

Job Family: Finance

The Finance organization is responsible for leading and participating in a number of critical functions including: supporting executive management decisions making by analyzing results, assessing strategic alternatives and developing strategic plans; communicating financial results and forecasts with critical stakeholders, including executive management and Board of Directors, shareholders and regulators; managing the Company’s balance sheet, including interest rate and liquidity risks; establishes the Company’s capital policies and prioritizes investments; develops and implements controls to reduce operational risk; developing and maintaining financial data and systems. The Finance organization works across functions and Business lines in the Company, requiring a broad understanding of our business, risk and strategy.

Job Function: Financial Planning & Analysis

Generates forecasts and analyzes trends in revenue-generating organizations, finance and other areas of business for financial and strategic planning purposes. Conducts financial and economic analysis and forecasting and evaluates alternate financial plans. Prepares, analyzes, interprets and maintains internal and external information related to economic policy, rates of return, depreciation, investments and operational and financial results. Analyzes profit-and-loss income statements and prepares reports on findings to make budgeting and cost recommendations to management.

Summary of Responsibilities:

The Sr. Associate, Financial Planning & Analysis is responsible for the creation and ongoing management of FP&A projects, processes, and tools to support the FP&A functionality. S/he coaches, reviews, and delegates work to junior level professionals.

Essential Functions:

• Manages FP&A projects, processes, and tools to support the FP&A functionality.
• Creates and/or changes processes that will lead to measurable gains in data quality and processing time.
• Assess finance organizational structure and functions, recommends opportunities to optimize and improve the finance functionality within the organization.
• Consults on complex business issues and data design considerations to improve accuracy and efficiency in the reporting processes.
• Delivers guidance to senior level with regard to design queries and report packages using systems and other appropriate tools; resolve data process issues.
• Supports in identifying, interpreting and implementing emerging regulatory requirements relating to capital management, including articulating responses to requests from regulatory bodies in writing.
• Ensures consistency between the capital management framework, the risk appetite, tolerance, and strategic planning processes.
• With input from key business stakeholders, leads periodic gap assessments of current capital management processes against leading and emerging industry practices and changes in regulatory expectations.
• Establishes and implements detailed process documentation and best practices for all data processes and technical solutions.
• Enhances the financial understanding of business lines, products and segments to aid reporting, forecasting and business decision making.
• Influences others at an operational level regarding new concepts, practices, and approaches.
• Recommends industry and data sources to enhance reporting with benchmarks to support business cases.
• Coaches, reviews, and delegates workload to junior level professionals to help execute the financial management function.
• Delivers well-analyzed financial forecasts to support the businesses strategic direction and budget.
• Manages and is accountable for growth of large accounts.
• Represents organization as the primary contact for specific Financial Planning & Analysis projects and initiatives.
• Acts as a subject matter expert (SME) while providing leadership, guidance and mentorship to other project managers.

Other Functions:

• Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other project managers.
• Other duties as assigned.

Requirements:

• Education –
  • Bachelor's Degree: Business Administration, Accounting, Economics, or equivalent field.
  • or equivalent work experience
  • Master's Degree: Business Administration, Accounting, Economics, or equivalent field.
• Experience –
  • 9-12 years Accounting/financial analysis and planning experience within the Financial Services/Banking industry
• Skills & Abilities –
  • Excellent verbal and written communication skills.
  • Excellent leadership skills.
  • Strong Proficiency in PowerPoint, Excel, Word.
  • Strong experience in and knowledge of financial planning and analysis.
  • Ability to multi-task and meet strict deadlines.
  • Ability to effectively communicate complex financial transactions and strategies.
  • Demonstrated financial modeling knowledge and skills with strong analytical, qualitative, and problem-solving skills.
  • Excellent interpersonal skills with ability to build relationships at all levels of management.
  • Detail oriented with the ability to research, organize and analyze financial data.
  • Ability to convey a sense of urgency and drive issues/projects to closure.
  • Ability to listen and interpret the requirements of internal clients, plan accordingly, and exceed expectations.
  • Ability to prioritize and manage multiple projects simultaneously.
  • Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding.
  • Strong financial analysis, modeling, and problem-solving.

Competencies:

• Change Orientation – Support for Change:
  • Advanced – Leading and Guiding
    • Recognizes potential and multiple impacts of change and acts as a coach to help people understand and prepare for change
    • Takes proactive action to maintain relationships that are impacted by change
• Collaboration – Relationship Management:
  • Advanced – Leading and Guiding
    • Improves relationships between key individuals to achieve seamless cross-team work flow and positively impact results
    • Uses informal networks to gain support for ideas and projects
• Customer Focus – Issue Ownership:
  • Advanced – Leading and Guiding
    • Takes responsibility for and deals effectively with complex and sensitive customer issues and complaints
    • Anticipates customer needs and proactively makes recommendations
• Execution – Accountability:
  • Advanced – Leading and Guiding
    • Fully accountable for timeliness, completeness, quality of projects, processes, products and services
    • Remains calm and focused on goals while facing pressures, obstacles or short-term setbacks
• Influence – Two-way communication:
  • Advanced – Leading and Guiding
    • Effectively conveys difficult or complex information in an easy to understand manner, by providing the big picture and illustrating important linkages
    • Asks open-ended questions that encourage others to give their points of view
• Problem Solving – Solution Definition:
  • Advanced – Leading and Guiding
    • Persists in searching out the root causes of major problems rather than being satisfied with partial solutions or “quick fixes”
    • Brings new thinking, insights or technology to problem resolution
• Risk Business Acumen – Financial Command:
  • Advanced – Leading and Guiding
    • Considers multiple business and financial factors when weighing the merits of alternative risk strategies
    • Has extensive experience in interpreting and analyzing a variety of financial data to diagnose significant or unusual operational risks
• Risk Management – Continuous Process Improvement:
  • Advanced – Leading and Guiding
    • Designs, develops and drives the adoption of risk management policies, processes, and procedures
    • Applies advanced skills in operational processes and uses it to improve work efficiency and quality

Working Conditions:

• Frequently: Minimal physical effort such as sitting, standing, and walking.
• Occasional moving and lifting of equipment and furniture is required to support onsite and offsite meeting setup and teardown.
• Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer’s Rights:

• This job description does not list all the duties of the job. You may be asked by your supervisors or managers to perform other duties. You will be evaluated in part based upon your performance of the tasks listed in this job description.
• The employer has the right to revise this job description at any time. This job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.