Bank of America-posted 1 day ago
Full-time • Mid Level
Onsite • Charlotte, NC
5,001-10,000 employees

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 Summary: This job is responsible for more complex financial activities involving the consolidation of the bank's month-end close, planning, forecasting and capital processes. Key responsibilities include performing forecasting, profitability analysis, financial reporting, and trend analysis using advanced modeling /software skills and assisting with ad hoc requests. Job expectations include working with key planning and analysis partners on small projects, research, and evaluations of financial performance while maintaining Operational Excellence and a controls discipline. Line of Business Job Description: The GTOF Centralized Accruals Team is responsible for managing accruals and prepaids across GT&O Finance. This includes supporting the use and maintenance of the internally developed Centralized Accruals Financial Application (CAFA) for managing third-party expenses. As an Accrual Accounting Analyst, you will play a key role in supporting monthly close activities, including preparation of journal entries, execution of controls, and balance sheet analysis. You will partner with finance teams and business stakeholders to ensure compliance with GAAP standards and internal policies. Additionally, you will assist with maintaining and improving CAFA functionality in collaboration with Global Technology partners, and contribute to process enhancements and automation initiatives. A successful candidate will demonstrate: Foundational knowledge of accounting and finance principles Strong attention to detail and organizational skills Ability to work collaboratively and communicate effectively with cross-functional teams Initiative to learn, adapt, and contribute to process improvements

  • Reviews, challenges, and reports on forecasts and budgets by comparing current performance against plan, prior periods and prior forecasts, and evaluating current and future performance trajectory
  • Compiles financial information from a Line of Business (LOB) and consolidated perspective for presentation to stakeholders
  • Develops financial management dashboards, reports, presentations, ad hoc analysis, and research using Microsoft Office Suite and Emerging Technology tools
  • Collaborates with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures with limited oversight
  • Supports 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
  • Exhibits strong attention to detail and applies analytical thinking and problem solving to deliverables while collaborating with key stakeholders and partners
  • Manage accrual activities and CAFA application operations, maintaining accuracy and operational continuity
  • Conduct balance sheet back testing for GT&GO prepaid and accrual accounts to ensure compliance
  • Partner with finance teams to refine and harmonize accrual processes across the organization
  • Provide training and guidance to stakeholders on best practices and system usage
  • Support system upgrades and automation projects to strengthen accrual-related capabilities
  • Champion continuous improvement by streamlining processes and driving operational excellence
  • 2-5 years in Finance or related industry experience
  • Proficient in Microsoft Office products with emphasis on strong Excel (macros, pivot tables, look-ups, and filtering) and PowerPoint
  • Strong financial background
  • Well organized and strong attention to detail
  • Seeks to build relationships and collaborate with teammates
  • Strategic thinker with the ability to understand complex business challenges and potential solutions
  • Strong organization skills and ability to manage large processes
  • Strong written and oral communications skills
  • Possess intellectual curiosity and the desire to learn and improve our influence as a support partner
  • Self-starter able to work in a fast-paced environment
  • Bachelor's degree in Finance or Accounting
  • Accrual accounting and/or GAAP experience
  • SAP / eLedger / Essbase experience
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