Finance Analyst - CommBank iQ

at  Commonwealth Bank

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Institutional Banking and Markets (IB&M) is responsible for managing the Group’s relationships with major corporate and government clients and institutional investors, and provides a full range of capital raising, transactional and risk management products and services.
CommBank iQ is a joint venture between the Commonwealth Bank and Quantium, established to unlock the power of Australia’s largest aggregated and de-identified transaction banking dataset through leading analytics and artificial intelligence. This unique partnership enables businesses and institutions to analyse trends, overcome challenges, and create better, more targeted products and services for Australians.
IB&M Finance supports the business in providing financial control, financial analysis and insight, product control, regulatory accounting and related project and strategy implementation support.
This role sits in the IB&M Performance Reporting team, as part of IB&M Centre Finance.

This role has regular interactions with:

• CommBank iQ business and Leadership team
• IB&M Finance
• Cross-Business Unit Finance teams
• Quantium Finance team

This role reports to the Finance Manager, CommBank iQ.

This role has regular interactions with:

• CommBank iQ business and Leadership team
• IB&M Finance
• Cross-Business Unit Finance teams
• Quantium Finance tea

As an Analyst within IB&M Finance, your responsibilities will include:

• Involvement in the management of finance processes and deliverables for the CommBank iQ business, by partnering with key stakeholders (both within and outside of CBA) to perform / deliver:
• Month-end financial control, including ensuring the accuracy and completeness of the general ledger;
• Monthly performance reporting, including preparation of management reports for senior IB&M, Quantium and CommBank iQ stakeholders;
• Monthly forecasting and annual budget setting preparation; and
• Other areas such as project expense management, BAS returns, and maintenance of revenue recognition and cost sharing arrangements.
• Supporting the Finance Manager, CommBank iQ to deliver ad-hoc business analytics and insights, based on the needs of senior stakeholders across CommBank iQ (e.g. frontline business heads, CommBank iQ Executive Committee), IB&M (e.g. IB&M Centre Finance General Manager and IB&M CFO), and Quantium (CommBank iQ’s joint venture partner).
• Proactively improve processes and support continuous process improvement, such as creating, maintaining and updating documentation for key responsibilities and processes.
• Provide cross-coverage support where required for the wider team