Bank of America Corporation
CFO Senior Financial Analyst - Finance Business Support (Global Expense Manageme
Bank of America Corporation, Newark, NJ
Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
This job is responsible for serving as a finance partner to specified Lines of Business (LOBs) and providing financial analysis and guidance to support key decisions and initiatives. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and generating value creation ideas and new investment business cases. Job expectations include preparing insights to guide management's decision making and evaluating financial performance versus plans, forecasts, and prior periods.
The Consumer & GWIM Expense Horizontal team is part of the Global Expense Management group within the CFO organization. Our primary focus is to provide expense P&L support for the Consumer & GWIM lines of business (including Deposits, Small Business, Consumer Lending, Merrill and Private Bank, and other corporate partners). We also partner with other CFO groups including BFO/ Controller/ Corporate Planning/ EST teams/ and Corporate Strategy, among others. Key priorities for our team are focused on expense support including analytics, month-end close, forecasting and reporting, hierarchy maintenance, and other ad-hoc support with a high focus on operational excellence.
Responsibilities:
The teammate in this role will be responsible for being the subject matter expert for expenses across the Consumer & GWIM lines of businesses. The primary focus of the role will include expense management responsibilities such as:
Skills and Qualifications:
Desired Skills:
Shift:
1st shift (United States of America)
Hours Per Week:
40
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
This job is responsible for serving as a finance partner to specified Lines of Business (LOBs) and providing financial analysis and guidance to support key decisions and initiatives. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and generating value creation ideas and new investment business cases. Job expectations include preparing insights to guide management's decision making and evaluating financial performance versus plans, forecasts, and prior periods.
The Consumer & GWIM Expense Horizontal team is part of the Global Expense Management group within the CFO organization. Our primary focus is to provide expense P&L support for the Consumer & GWIM lines of business (including Deposits, Small Business, Consumer Lending, Merrill and Private Bank, and other corporate partners). We also partner with other CFO groups including BFO/ Controller/ Corporate Planning/ EST teams/ and Corporate Strategy, among others. Key priorities for our team are focused on expense support including analytics, month-end close, forecasting and reporting, hierarchy maintenance, and other ad-hoc support with a high focus on operational excellence.
Responsibilities:
The teammate in this role will be responsible for being the subject matter expert for expenses across the Consumer & GWIM lines of businesses. The primary focus of the role will include expense management responsibilities such as:
- Month-end close, forecasting, and reporting
- Preparing, analyzing, reviewing, and submitting monthly accruals
- Creating new processes and innovating on best practices to support non-personnel expense communication and facilitation with numerous product/channel/horizontal finance partners
- Proactive communicating/partnering with BFOs, LOBs, and other supporting groups
- Proactively searching for opportunities to automate key functions/reports and eliminate unnecessary work
- Evaluates Lines of Business (LOB) financial performances and assists with decision making by synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics
- Develops financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners
- Creates forecasts and budgets by comparing current performance against plan, prior periods, prior forecasts, and budgets and evaluating current and future performance trajectory
- Supports reporting and analysis for key constituents and management, which may include Board of Directors, Investor Relations, and/or various regulatory agencies
- Collaborates with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures
- Supports new and ongoing projects and strategic initiatives by creating processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities
Skills and Qualifications:
- Minimum 2 years experience with financial planning, analysis and reporting
- Bachelor's degree in Accounting / Finance or relevant work experience
- Advanced Excel, modeling, data manipulation
- Strong communication, organization, presentation, and leadership skills
- Analytical Abilities / Financial Acumen - Systematic application of a combination of inductive and deductive reasoning to examine information, interpret results and arrive at well-founded logical conclusions. Understanding of accounting concepts (debits / credits, accruals).
- Builds Partnerships - Builds broad-based business relationships across the organization and collaborates within the team to deliver together.
- Strong business acumen
- Attention to Detail
- Business Process Analysis
- Collaboration
- Data Quality Management
- Reporting
- Data Visualization
- Financial Analysis
- Financial Forecasting and Modeling
- Financial Processing
- Prioritization
- Analytical Thinking
- Business Acumen
- Business Case Analysis
- Critical Thinking
- Decision Making
Desired Skills:
- Essbase
- ForecastConnect
- SAP/eLedger
- GEP
- Tableau
- Power Query
- Alteryx
- Applies business knowledge to solve business problems and create new opportunities
- Financial statement analysis experience
Shift:
1st shift (United States of America)
Hours Per Week:
40