VP, FP&A - Credit Performance and Forecasting

Synchrony•Lyons, IL

81d•Hybrid

About The Position

Role Summary/Purpose: This role will serve as the main point of contact for the finance team for matters as related to enterprise and client-level credit losses, collections, recoveries, fraud, and reserve performance and forecasting. This includes both short term (monthly Rolling Forecast, Pacing) as well as long range (OP plan) forecasting. In addition to loss and reserve forecasting, this role will partner with Collections and Recovery Teams to review/analyze recovery strategies, credit to review and analyze fraud mitigation strategies, and platforms to support RSA calculations and commentary. Our Way of Working We’re proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.

Requirements

Bachelor’s degree in Accounting, Finance, or related business field or in lieu of degree, 12 years equivalent experience
Minimum 8 years of FP&Aexperience
Minimum 3 years experience in financial modeling and/or use of Oracle / Hyperion Systems and databases
You must be 18 years or older
You must have a high school diploma or equivalent
You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process
You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act
New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles.
Once this new hire time in position requirement is met, the associate will have a minimum 6 months’ time in position before they can post for future non-exempt roles.
Employees, level 8 or greater, must have at least 18 months’ time in position before they can post.
All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don’t meet the time in position or performance expectations).
Legal authorization to work in the U.S. is required.
We will not sponsor individuals for employment visas, now or in the future, for this job opening.

Nice To Haves

Demonstrated ability to manage multiple priorities
Financial services industry experience with a focus in Finance and Credit
Ability to analyze complex issues, develop appropriate action plans and deliver the results timely
Ability to work and influence in a matrix environment
Ability to lead projects and assignments
Demonstrated oral and written communication skills and ability to work cross functionally
Proficient use of financial systems and analysis tools including Microsoft Office (e.g. Excel, Word, PowerPoint)

Responsibilities

Manage the pacing and quarter close process as it relates to provisions for both the P&L and balance sheet, partnering with Credit, Collections, Recovery, Controllership, Tax and Platform/Client finance teams
Partner with Portfolio Finance teams to understand and communicate RSA implications of loss and reserve movements
Partner with Credit & Controllership on monthly 8K reporting and documentation
Provide platform and client support for loss and reserve related matters
Provide ELT & IR team support for quarterly earnings release
Partner with Collections and Recovery teams to review strategies
Partner with credit to understand fraud mitigation strategies
Review initiatives submitted to the Collections sub-committee for comment
Engage with portfolio finance and risk teams to anticipate and explain movements in losses and reserves
Partner with Credit, Platform Finance and NexGen growth teams to enhance process around client level reserves
Prepare Hyperion loads for the Long-range forecast and Short-range forecast for provision for losses and ACL
Provide drivers to risk for quarterly loss forecast and ACL calculation process
Perform other duties and/or special projects as assigned