Sr Financial Officer - Corporate Finance

Truist Bank • Charlotte, NC

5d

About The Position

Manage and lead strategic execution of Truist Financial Corporation's (and subsidiaries') forecasting and profit planning and related year-round activities. Provide support for the Comprehensive Capital Analysis and Review (CCAR) Dodd-Frank Act Stress Testing (DFAST) and related processes. Responsible for supervising, managing and motivating team members on a daily basis.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Manage and provide leadership to the Corporation's forecasting and planning process. Key responsibilities related to the forecast include:
a. Implement and maintain a seamless forecasting and profit planning process for end-users to enter data;
b. Review profit plan or forecast submissions from assigned LOBs and communicate with end-users;
c. Make value-added profit plan or forecast recommendations as needed to help bridge any gaps;
d. Compile reports from an LOB and consolidated perspective for presentation to Executive Leadership;
e. Maintain and update proper controls and documentation covering key processes and reports.
2. Provide leadership, direction and coaching to profit planning or forecast specialists and to associates throughout footprint. This includes working with FP&A and LOBs to develop accurate forecasts and stress test results, understanding the drivers of business results, and reviewing these results to identify areas of improvement.
3. Perform variance analysis comparing the forecast to actual results and prior forecast. Provide insightful variance explanations to Executive Leadership for performance assessment and strategic decision-making.
4. Coordinate forecasts with Corporate Treasury, Controller, and CFO as part of a comprehensive corporate funding and capital management program. Implement alternative forecasting methods via models and business tools as a way to provide effective challenge to LOBs for their baseline profit plans. Assists in the support of capital planning and capital adequacy assessments, including CCAR / DFAST and quarterly forecast sensitivity analysis.
5. Work closely with Information Systems and Financial Operations resources to maintain, coordinate and enhance the Planning and Forecasting database(s). Engage with other FP&A / LOB Finance partners to effectively capture and report on the financial impact of corporate initiatives and related impact on investment capacity.
6. Proactively evaluate each planning and forecasting cycle to identify enhancements to the Corporation's profit planning process for efficiency and accuracy improvements. This process includes supporting the Truist expense synergy tracking and reporting process related to the MOE.
7. Develop and lead training programs for forecasting processes and systems. Develop skills of the profit planning and forecast specialists. Participate in cross-training with teammates in areas such as FTE analysis, expense allocations, and profit plan changes.
8. Work to create a positive team environment with an open communication culture. Delegate tasks and set deadlines as appropriate. Listen to team members' feedback and resolve any issues or conflicts. Encourage creativity. Suggest and organize team building activities.
9. Communicate effectively with all levels of the Corporation. Significant interaction with the CFO required.

Requirements

• Bachelor's degree in Business or Finance, or equivalent education and related training
• Eight to ten years of experience in financial analysis or corporate budgeting/profit planning/forecasting
• Ability to perform and lead financial modeling and analysis related to Truist income statement and balance sheet accounts, lines of business, and Executive Leadership roll-ups
• Five years of financial institution work experience as a team leader or supervisor
• Vision and drive to evaluate processes for efficiency and effectiveness and continuously improve
• Demonstrated ability to be flexible and adaptive in a fast-paced and dynamic work environment
• Strong interpersonal and communication (verbal and written) skills
• Demonstrated proficiency in basic computer applications, including Microsoft Office software products

Nice To Haves

• Master's degree in finance or business administration
• Professional designation such as Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA)
• Knowledge of financial industry business practices
• Financial system experience, such as SAP or Hyperion
• Mastery of financial tools, practices, and concepts used by Truist

Responsibilities

• Manage and provide leadership to the Corporation's forecasting and planning process.
• Provide leadership, direction and coaching to profit planning or forecast specialists and to associates throughout footprint.
• Perform variance analysis comparing the forecast to actual results and prior forecast.
• Coordinate forecasts with Corporate Treasury, Controller, and CFO as part of a comprehensive corporate funding and capital management program.
• Work closely with Information Systems and Financial Operations resources to maintain, coordinate and enhance the Planning and Forecasting database(s).
• Proactively evaluate each planning and forecasting cycle to identify enhancements to the Corporation's profit planning process for efficiency and accuracy improvements.
• Develop and lead training programs for forecasting processes and systems.
• Work to create a positive team environment with an open communication culture.
• Communicate effectively with all levels of the Corporation.

Benefits

• All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.
• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

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