Senior Finance Analyst - Business Support

Bank of America • Pennington, AL

4d • $86,600 - $124,500 • Onsite

About The Position

The Senior Finance Analyst serves as a finance partner to specified Lines of Business, providing financial analysis and guidance to support key decisions and initiatives. Responsibilities include forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and developing value-creation ideas and investment business cases. The role evaluates performance against plans, forecasts, and prior periods and prepares insights to guide management decisions.

Within the Deposits Finance Horizontal team in the Regional Banking & Wealth Management CFO organization, the analyst provides strategic financial analysis, forecasting, and reporting across deposit products and related fees, including checking and savings accounts, deposit balances and Net Interest Income (NII), service charges, and debit card and payments. The role partners with Business Finance Officers, Lines of Business, Corporate Treasury, and other Finance teams.

The analyst leads forecasting, quarterly peer benchmarking, Investor Relations reporting, and performance analysis for Consumer Deposit Balances and NII. The position requires understanding customer behavior, deposit pricing, market interest rates, and Funds Transfer Pricing (FTP), and translating complex financial results into actionable leadership insights. The role also supports financial controls, data quality, and improvements to reporting and analytical processes.

Requirements

• Bachelor’s degree, preferably in Finance or Accounting.
• At least 3 years of relevant experience, or demonstrated experience independently managing complex financial analysis and forecasting.
• Strong financial modeling, analytical, and problem-solving skills.
• Advanced Excel capabilities and exceptional attention to accuracy.
• Strong written and verbal communication skills, including the ability to explain complex financial analysis as clear business insights and build cross-functional relationships.
• Ability to independently manage multiple priorities in a fast-paced environment.
• Intellectual curiosity and a continuous-improvement mindset.

Nice To Haves

• Experience with financial forecasting, balance sheet analysis, NII, deposit products, pricing, interest rates, Funds Transfer Pricing, Essbase (Smart View), or general ledger systems.
• Proficiency with data visualization, automation, or analytical tools such as Tableau, Alteryx, or Power Query.

Responsibilities

• Evaluate Line of Business financial performance by synthesizing trends, assessing current and future business risks, and preparing, analyzing, and reporting financial results and key metrics.
• Develop financial management reports, presentations, and ad hoc analyses for Lines of Business and finance partners.
• Create forecasts and budgets by comparing current performance with plans, prior periods, prior forecasts, and budgets, and evaluate current and future performance trajectories.
• Support reporting and analysis for management and key constituents, potentially including the Board of Directors, Investor Relations, and regulatory agencies.
• Collaborate across the Finance division to ensure financial integrity, sound controls, and efficient procedures.
• Support projects and strategic initiatives by automating key reporting capabilities and delivering process improvements and simplifications.
• Lead forecasting, reporting, and performance analysis for Consumer Deposit Balances and NII, identifying business drivers, risks, and emerging trends.
• Translate financial results into leadership insights and partner across Deposit LOB, Corporate Treasury, Balance Sheet Management, FTP, and Finance to align assumptions and explain outcomes.
• Develop and apply knowledge of Funds Transfer Pricing to assess deposit portfolio economics and NII performance.
• Maintain financial controls and ensure accuracy, consistency, and data quality across forecasting and reporting processes.
• Identify opportunities to improve and automate financial processes, reporting, and analytical capabilities.

Benefits

• Industry-leading benefits.
• Access to paid time off.
• Resources and support for employees.
• Eligibility to participate in the annual discretionary incentive plan, with awards based on individual performance and behaviors, line of business or group contributions, and overall company success.

What This Job Offers

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