Finance Manager - Business Support (Regional Banking/GWIM CFO Organization)

Bank of America • Charlotte, NC

4d • $118,000 - $168,300 • Onsite

About The Position

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 directing the day-to-day finance activities to manage strategic annual planning and implementation. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and overseeing value creation ideas and new investment business cases. Job expectations include supporting management in key decision making, and influencing and gaining support from financial analysts. Position Summary: The Investment, Trust, Workplace Benefits Reporting, Analysis and Forecasting Team is part of the Regional Banking/GWIM CFO organization. The primary focus of our team is providing centralized finance support to the GWIM Product teams (Investment Solutions Group, Private Bank Investment Products, Workplace Benefits). Our team will engage with CFO teams and multiple corporate partners to oversee the monthly close process, metric reporting, executive reviews, and financial forecasting & planning routines. Our business partners include Line of Business (LOB) / Business Financial Officer (BFO) / Controllers / Enterprise Stress Testing teams / Corporate Strategy, among others.

Requirements

• Advanced Excel and Data Manipulation (Power Query)
• 7+ years of financial analysis experience
• Experience with the General Ledger
• Able to work in a fast paced, deadline driven environment

Nice To Haves

• Experience with the Merril Wealth Mgmt. Business
• Demonstrate intellectual curiosity and be able to communicate effectively in a matrix organization
• Strong organizational skills and ability to manage multiple competing priorities
• Experience with emerging technology and automation tool

Responsibilities

• Oversees the financial analysis and reporting needed to provide Line of Business (LOB) and finance leadership with trends and comparisons on all financial matters, focusing on maximizing revenue growth, cost management, profitability, cash flow generation, and operational improvement
• Reviews LOBs financial performances and provides strategic direction to teams by assisting with synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics
• Manages forecasting and/or budgeting and compares current performance against plan, prior periods, and forecasts to evaluate current and future performance trajectory
• Delegates and provides oversight to teams building financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners
• Implements new and ongoing projects and strategic initiatives by helping to create new processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities
• Builds, maintains, and manages partner relationships across the Finance division and implements policies and procedures that ensure integrity of the financials, sound controls, and effective procedures
• Single Process Inventory (SPI) Owner and team lead for the Investment, Trust, and Workplace Benefits month-end close process, including oversight and production of the distribution channel revenue allocation for supported investment products
• Owner of Production Credit (PC) support and the channel allocation process and the model developer for baseline and stress forecasts supporting Merrill Wealth Management (MWM) Production Credits

Benefits

• 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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed