Senior Analyst-US Cost Management

TD • New York, NY

7d

About The Position

Senior Analyst – US Cost Management This Senior Analyst – Cost Manager is a key member of the TDS US Finance Team. The role is a newly created role focused on cost management to support profitability, efficiency, and long-term growth. Strategic: Support US business performance targets and responsible for partnering on financial planning & forecasting, reporting, and Plan as it relates to Cost (expense) lines in the chart of accounting. Provide analytics to drive segment discussions including TDS Senior Executive Team (SET) presentation materials as well as external/public storytelling of the Segment. Monthly Board Reporting for the US Region relating to details on expense analytics and commentary. Coordination with partners to ensure proper analysis, challenge, and oversight of regional reporting Analysis of booking models & impacts on business line reporting Business advisory and ad hoc support Proactively identify cost opportunities, analyze data on material components of spend and provide constructive options to find efficiencies and savings enabling business decisions and management actions Telling the financial cost story, linking the strategic priorities and accomplishments of the group while providing value-added advice to gain financial efficiencies while optimizing group effectiveness Planning, Analysis, and Insights: Performance measurement, reporting, and metrics to improve transparency and establish cost management strategies (targets). Clear, effective, and timely reporting. Provide input into the budgeting and forecasting process to ensure cost assumption are accurate and realistic Monitor actual vs forecasted costs and flag variances Function as the cost management expert and lead on Finance change projects to improve systems, processes and outputs that relate to cost management Manage the Performance Measurements, and Insights organization (people, expenses, other stakeholders including internal and external partners (e.g., regulators, auditors) Analyze financial data and prepare reports on cost variances, identifying areas for improvement and recommending corrective actions. Provide training and support to staff on cost control procedures and best practices. Monitor and report on market trends and pricing strategies to help guide decisions. Collaborate with cross-functional teams to achieve targets while managing costs effectively. The Sr. Specialized Finance Analyst, TDS performs a variety of specialized finance functions in a particular finance area(s) with a high level of technical knowledge to give detailed and well-informed opinions of assigned business activities. Depth & Scope: Expert level professional role requiring in-depth knowledge / expertise in own domain / field of specialty and working knowledge of broader related areas Integrates the broader organizational context into advice and solutions within own area Accountable for own work and sometimes others; acts as an escalation point or knowledge resource for others in their own area Understands the industry, competition and the factors that differentiate the organization Applies best practices to implement process, product or service improvements Acts as a subject matter expert within their own area of specialty or a resource for others Supports projects or workstreams within broader projects with moderate risk or complexity and may be accountable for managing ongoing activities, processes and functional programs Contributes to setting standards within area of expertise Solves complex problems requiring analysis of multiple variables, including consultation with multiple stakeholders Uses advanced methods to contribute to new solutions and recommend standards against which others will operate Impacts a range of finance programs across own and related teams Interprets guidelines, standards, policies and results of analysis to inform decision making at senior levels Builds stakeholder alignment in leading projects and activities; may provide process and subject matter advice at senior levels Works independently as the senior technical lead and guides others within area of expertise Identifies and leads problem resolution for complex issues at all levels Education & Experience: Undergraduate degree and/or 5+ years of relevant experience preferred Accounting, financial or relevant professional designation preferred Customer Accountabilities: Specializes in particular areas according to established policies and procedures and applicable legal and regulatory guidelines Provides ongoing, proactive, specialized finance advice and counsel to business partners to ensure they are operating efficiently under applicable accounting rules and regulations Communicates and meets regularly with partners to develop an in-depth understanding of their business and to provide accounting/ taxation insight, knowledge and expertise, such as improving accounting process flows or clarifying income and expense recognition practices Recognizes, identifies and investigates business accounting issues that need attention, research as needed, offer specialized opinions based on research and knowledge and resolve problems Responds to accounting-related requests on a timely basis and answers questions as needed. Provides technical guidance and assist staff with most complex aspects of work as necessary Resolves escalated issues and problems by conferring with peers, other internal departments, outside contacts and others as necessary Ensures monthly recording of income, expense and other financial transactions is accurate and timely Researches and determines proper accounting treatment for new products and services as needed and communicate complete, thorough and accurate accounting requirements; considers and explains risk management issues prior to implementation, such as determining how the accounting of new initiatives will be monitored and controlled Performs a variety of activities related to month-end financial closing, which details the Bank's month-to-month financial condition, and/or completion of regulatory reports Reviews monthly financial activity and ensures transactions are appropriately recorded in proper accounts, such as cost capitalizing vs. expensing. Researches discrepancies and makes corrections and updates as necessary Shareholder Accountabilities: Adheres to enterprise frameworks or methodologies that relate to activities for our business area Ensures respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities Consistently exercisse discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate Ensures business operations are in compliance with applicable internal and external requirements ( e.g. financial controls, segregation of duties, transaction approvals and physical control of assets) Participates in cross-functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations Conducts internal and external research projects; supports the development/ delivery of presentations / communications to management or broader audience Conducts meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices Monitors service, productivity and assesses efficiency levels within own function and implements continuous process / performance improvements where opportunities exist Leads / facilitates and/or implements actions / remediation plans to address performance / risk /governance issues Actively manages relationships within and across various business lines, corporate and/or control functions and ensures alignment with enterprise and/or regulatory requirements Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite Employee/Team Accountabilities: Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/ points of interest Provides thought leadership and/ or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit Keeps current on emerging trends/ developments and grow knowledge of the business, related tools and techniques Participates in personal performance management and development activities, including cross training within own team Keesp others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices. Leads, motivates and develops relationships with internal and external business partners / stakeholders to develop productive working relationships. Contributes to a fair, positive and equitable environment that supports a diverse workforce Acts as a brand ambassador for your business area/function and the bank, both internally and/or externally

Requirements

• Bachelor's degree
• Excellent oral and written communication skills
• 10+ years of Finance experience at a global financial institution.
• Excellent interpersonal, organizational, and leadership skills.
• Client service skills – the candidate must demonstrate the judgment and ability to closely partner with and advise senior and line managers and other stakeholders on cost management
• Strong analytical skills, attention to detail, solid judgment, and the ability to evaluate complex regulatory business issues.
• Advanced project management skills and ability to manage multiple work streams involving different partners and groups, with limited oversight and direction.
• Ability to thrive in a fast-paced, deadline-driven environment, including by demonstrating excellent time management and planning skills, along with the ability to handle multiple assignments at the same time.
• Ability to interact effectively with all levels of the organization and to collaborate with various teams.
• A relationship builder with the ability to establish, develop and maintain effective working relationships with regulators and with business and functional partners at the firm.
• Proficient in Word, Excel, and PowerPoint
• Undergraduate degree and/or 5+ years of relevant experience preferred
• Accounting, financial or relevant professional designation preferred

Responsibilities

• Support US business performance targets and responsible for partnering on financial planning & forecasting, reporting, and Plan as it relates to Cost (expense) lines in the chart of accounting.
• Provide analytics to drive segment discussions including TDS Senior Executive Team (SET) presentation materials as well as external/public storytelling of the Segment.
• Monthly Board Reporting for the US Region relating to details on expense analytics and commentary.
• Coordination with partners to ensure proper analysis, challenge, and oversight of regional reporting
• Analysis of booking models & impacts on business line reporting
• Business advisory and ad hoc support
• Proactively identify cost opportunities, analyze data on material components of spend and provide constructive options to find efficiencies and savings enabling business decisions and management actions
• Telling the financial cost story, linking the strategic priorities and accomplishments of the group while providing value-added advice to gain financial efficiencies while optimizing group effectiveness
• Performance measurement, reporting, and metrics to improve transparency and establish cost management strategies (targets).
• Clear, effective, and timely reporting.
• Provide input into the budgeting and forecasting process to ensure cost assumption are accurate and realistic
• Monitor actual vs forecasted costs and flag variances
• Function as the cost management expert and lead on Finance change projects to improve systems, processes and outputs that relate to cost management
• Manage the Performance Measurements, and Insights organization (people, expenses, other stakeholders including internal and external partners (e.g., regulators, auditors)
• Analyze financial data and prepare reports on cost variances, identifying areas for improvement and recommending corrective actions.
• Provide training and support to staff on cost control procedures and best practices.
• Monitor and report on market trends and pricing strategies to help guide decisions.
• Collaborate with cross-functional teams to achieve targets while managing costs effectively.
• Specializes in particular areas according to established policies and procedures and applicable legal and regulatory guidelines
• Provides ongoing, proactive, specialized finance advice and counsel to business partners to ensure they are operating efficiently under applicable accounting rules and regulations
• Communicates and meets regularly with partners to develop an in-depth understanding of their business and to provide accounting/ taxation insight, knowledge and expertise, such as improving accounting process flows or clarifying income and expense recognition practices
• Recognizes, identifies and investigates business accounting issues that need attention, research as needed, offer specialized opinions based on research and knowledge and resolve problems
• Responds to accounting-related requests on a timely basis and answers questions as needed.
• Provides technical guidance and assist staff with most complex aspects of work as necessary
• Resolves escalated issues and problems by conferring with peers, other internal departments, outside contacts and others as necessary
• Ensures monthly recording of income, expense and other financial transactions is accurate and timely
• Researches and determines proper accounting treatment for new products and services as needed and communicate complete, thorough and accurate accounting requirements; considers and explains risk management issues prior to implementation, such as determining how the accounting of new initiatives will be monitored and controlled
• Performs a variety of activities related to month-end financial closing, which details the Bank's month-to-month financial condition, and/or completion of regulatory reports
• Reviews monthly financial activity and ensures transactions are appropriately recorded in proper accounts, such as cost capitalizing vs. expensing. Researches discrepancies and makes corrections and updates as necessary
• Adheres to enterprise frameworks or methodologies that relate to activities for our business area
• Ensures respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
• Consistently exercisse discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate
• Ensures business operations are in compliance with applicable internal and external requirements ( e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
• Participates in cross-functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations
• Conducts internal and external research projects; supports the development/ delivery of presentations / communications to management or broader audience
• Conducts meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
• Monitors service, productivity and assesses efficiency levels within own function and implements continuous process / performance improvements where opportunities exist
• Leads / facilitates and/or implements actions / remediation plans to address performance / risk /governance issues
• Actively manages relationships within and across various business lines, corporate and/or control functions and ensures alignment with enterprise and/or regulatory requirements
• Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts
• Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
• Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/ points of interest
• Provides thought leadership and/ or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit
• Keeps current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
• Participates in personal performance management and development activities, including cross training within own team
• Keesp others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
• Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.
• Leads, motivates and develops relationships with internal and external business partners / stakeholders to develop productive working relationships.
• Contributes to a fair, positive and equitable environment that supports a diverse workforce
• Acts as a brand ambassador for your business area/function and the bank, both internally and/or externally

Benefits

• Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals.
• Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.
• Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
• You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

What This Job Offers

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