Director- Financial Planning and Analysis

Midland States Bank•Maryland Heights, IL

8d•Onsite

About The Position

The Director Financial Planning & Analysis will report to the Chief Financial Officer, and will be responsible for the Company’s financial planning process, which includes the development of an annual budget and working in conjunction with the Company’s ALM group to update periodic forecasts, and to provide financial analysis and business decision support.

Requirements

Bachelor’s Degree in Finance or Accounting
10+ years’ of progressive finance experience
5+ year’s banking or financial services experience.
Thorough knowledge of centralized budget & forecasting process.
Working knowledge of financial services funds transfer pricing principles is required.
Working knowledge of GAAP accounting issues as they relate to the banking industry.
Experience with developing unit, product and customer profitability.
Experience working with accounting and reporting systems such as Cognos and Axiom.
Ability to analyze, research, present, coordinate & negotiate.
Ability to manage deliverables and timelines with limited supervision.
Critical thinking, problem-solving, and resourcefulness skills along with intellectual inquisitiveness.
Project management skills.
Proven track record of success within a growing organization.

Nice To Haves

MBA and/or CPA is a plus.

Responsibilities

Partner with members throughout the organization to understand all aspects of the business resulting in improved forecasting processes, visibility into the company performance and leading KPI/scorecard tracking and measurement.
Oversee daily, weekly and monthly reporting and the analysis of that financial information across all areas of the business identifying operational or performance concerns and causes.
Present these findings to finance leadership and other business unit leaders as appropriate
Assists with the integration of acquired entities into the unit profitability reporting and budgeting processes.
Provide support to the accounting team related to the monthly reporting package that includes financial statements, analysis of key business trends, actual versus budget variances and comprehensive executive level explanations of differences.
Drive quarterly Business Unit Review process and materials for consistency, accuracy and appropriateness for the different business units
Bridge disparate systems and challenge their output ultimately to validate or refine queries relied upon to execute strategic initiatives.
Support quarterly external reporting, including earnings releases, financial guidance, and earnings call support information.
Provide financial modeling and analysis for contracts and other ad hoc financial projects.
Serve as the business lead in the definition of requirements for and maintenance of management reporting applications that will serve to drive efficiency in processes and access to information and analysis.
Supervises employees directly including selection, development and performance management.
Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).