Senior Finance Analyst - Business Support at Bank of America

Pennington, Alabama, United States -

Full Time

Start Date

Immediate

Expiry Date

31 Jan, 26

Salary

120000.0

Posted On

02 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

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

Industry

Banking

Description

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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 Regional Banking 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 lines of business (including Deposits, Small Business, Consumer Lending, 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: 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 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 Skills: 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 Required Skills: 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, attention to detail, 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 Desired Skills: Financial planning, analysis, and reporting 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 Pay Transparency details US - NJ - Pennington - 1400 American Blvd - Hopewell Bldg 4 (NJ2140) Pay and benefits information Pay range $60,100.00 - $120,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity. Getting started Regardless of the position you are interested in, the starting points to building your resume are the same: 1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications. 2. Think about why you can do the job and make a list of your skills that are relative to the job. 3. Identify experiences or accomplishments that show your proficiency in the skills required for the job. 4. Summarize your abilities, accomplishments and skills into a brief, concise document. Considerations when writing a resume • Do be brief. Resumes should be 1-2 pages in length. • Do be upbeat and active in your wording. • Do emphasize what you have done clearly and concretely. • Do be neat and well organized. • Do have others proofread and critique your resume. Spell check. Make it error free. • Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible. • Don't be dishonest, always tell the truth about yourself in the most flattering light. • Don't include salary history or requirements. • Don't include references. • Don't include accomplishments that do not support your professional goals. • Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.) • Don't use italics, underlining, shadows or other fancy treatments. Seven steps to a successful interview 1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview? 2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available? 3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight. 4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down. 5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks. 6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease. 7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage. Pay Transparency - https://careers.bankofamerica.com/en-us/pay-transparency Privacy Statement - https://careers.bankofamerica.com/en-us/privacy-notice

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Responsibilities

This role serves as a finance partner to specified Lines of Business (LOBs), providing financial analysis and guidance to support key decisions and initiatives. Responsibilities include forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and generating value creation ideas.