Senior Financial Analyst – Business Support

Bank of America•Charlotte, NC

31d•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 providing financial analysis and guidance to support key decisions and initiatives. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and generating value creation ideas and new investment business cases. Job expectations include preparing insights to guide management's decision making and evaluating financial performance versus plans, forecasts, and prior periods. Job Specific Responsibilities: The Deposits Finance Horizontal team is a subset of the broader Regional Banking & Wealth Management CFO organization and is responsible for the support of strategic analysis, forecasting and financial reporting related to Deposit products and associated fees. The team delivers comprehensive financial support to the Checking/Savings Accounts, Balances/NII, Service Charges, and Debit Card/Payments BFO and LOB teams. Team responsibilities include analyzing strategic business decisions, financial performance and forecasting of multiple products, creating higher level consolidated reporting, presenting to multiple levels of business and finance audiences, etc. The teammate in this role will be a part of the team responsible for more complex finance activities involving forecasting, stress testing and financial reporting for the $275B GWIM Deposit Balance portfolio and associated Net Interest Income. This role will involve partnering with the Deposit business team, Balance Sheet Management, Corporate Treasury (FTP) and other Finance teams, as it is a critical source of funding for the firm. Will involve an understanding of deposit interest rates and the relation to various market rates (Fed Funds, LIBOR, Money Funds) as well as understanding how Corporate Treasury values the deposit portfolio through the FTP process. Throughout the tenure of this role, the teammate will gain exposure within the Deposits and Consumer & GWIM Finance and LOB organizations while improving/developing the following skills: financial and business acumen, attention to detail, analytical and strategic thinking, planning and forecasting, financial modeling, communication and relationship management.

Requirements

Bachelor’s Degree (preferably in Finance or Accounting)
2+ years of accounting or financial analysis work experience
Well organized and strong attention to detail
Demonstrates strong technical and analytical skills
Strong communicator (verbal and written) with ability to influence
Advanced knowledge of Excel and PowerPoint
Approaches work with curiosity and interest to drive continuous process improvement
Adaptable, ability to work independently in a fast paced, results driven environment with changing priorities
Seeks to build relationships and collaborate with teammates
Strategic thinker with the ability to understand complex business challenges/potential solutions
Manages operational risk by building strong processes and quality control routines
Attention to Detail
Business Process Analysis
Collaboration
Data Quality Management
Reporting
Data Visualization
Financial Analysis
Financial Forecasting and Modeling
Financial Processing
Prioritization
Analytical Thinking
Business Acumen
Business Case Analysis
Critical Thinking
Decision Making

Nice To Haves

Essbase (Smartview) and EPM familiarity
Planning and forecasting experience
Financial modeling
Emerging technologies (Tableau, Alteryx, Workiva, etc)

Responsibilities

Evaluates Lines of Business (LOB) financial performances and assists with decision making by synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics
Develops financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners
Creates forecasts and budgets by comparing current performance against plan, prior periods, prior forecasts, and budgets and evaluating current and future performance trajectory
Supports reporting and analysis for key constituents and management, which may include Board of Directors, Investor Relations, and/or various regulatory agencies
Collaborates with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures
Supports new and ongoing projects and strategic initiatives by creating processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities

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