Finance Profitability Manager FP&A

Associated Bank • Minneapolis, MN

4d • $78,680 - $134,880 • Onsite

About The Position

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you. Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires. The Profitability Manager – FP&A leads enterprise profitability analytics and owns the methodologies that govern revenue, cost, capital, and risk-adjusted return attribution across the bank. This role serves as a key finance partner and subject matter expert on profitability analytics, collaborating with Treasury, Accounting, and business leaders to deliver actionable insights that support pricing, capital allocation, and strategic decision-making.

Requirements

• Bachelor’s in Finance, Accounting, Economics, or related (required)
• 7–10+ years in Bank FP&A, Treasury, or Profitability Analytics
• Direct experience with banking profitability methodologies
• Strong knowledge of NII, FTP, capital frameworks, and cost allocation
• Strong governance, documentation, and communication skills

Nice To Haves

• MBA/CMA/CPA
• SQL and BI tools (Power BI, Tableau)
• ALM/FTP systems (QRM, Empyrean, Moody’s)
• Regional bank experience

Responsibilities

• Oversee and improve profitability methodologies (capital allocation, cost allocation, revenue attribution, FTP) ensuring consistency, transparency, and documentation
• Produce management financials and segment report
• Lead enterprise profitability reporting and analytics (NIM, fees, expenses, capital usage, RAROC/ROE/ROA) with clear executive insights
• Partner with Treasury to manage FTP and evaluate spreads, margin dynamics, funding mix, and rate sensitivity
• Oversee cost allocation and activity-based costing; maintain capital attribution aligned with RWA frameworks
• Deliver customer, product, and segment profitability analysis; explain results and drivers to senior leadership
• Provide decision support for pricing, new products, M&A, and strategic initiatives through scenario and stress analysis
• Integrate profitability into budgeting, forecasting, and long-range planning; enhance forward-looking models
• Maintain governance and controls, including model validation support, regulatory alignment, and methodology change management

Benefits

• Retirement savings including both 401(k) and Pension plans.
• Paid time off to volunteer in your community.
• Opportunities to connect with others through our diversity-focused Colleague Resource Groups.
• Competitive salaries with professional development and advancement opportunities.
• Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more.
• Personal banking, loan, investment and insurance benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior