Senior Director, Financial Planning & Analysis

Description

ABOUT US

Coastal Community Bank is a leader in banking and Banking as a Service (BaaS) strategies. The people at Coastal not only help people with their personal banking; they help businesses with banking technology integration that leads to business growth, flexible financing, and unimagined potential. We think and work like entrepreneurs, always moving, and constantly improving. We are go-getters, working hard, and playing hard. If you are someone who thrives on innovation, wants to help others succeed, knows how to think freely, and believes that we are all in this together -- you belong here.

OVERVIEW

The Senior Director, Financial Planning & Analysis (FP&A) leads the financial planning, budgeting, forecasting, and performance analysis functions of Coastal. This role plays a pivotal role in driving financial performance, informing executive decision-making, and supporting company-wide growth and profitability initiatives.

RESPONSIBILITIES TO INCLUDE

1. Leading the annual budgeting process, quarterly forecasting cycles, and long-term financial planning efforts, creating cohesive plans that are both achievable and supportive of business strategy.
2. Developing business review packages that clearly articulate variances from plan, highlight key trends, opportunities, and risks, and provide insight into relevant financial drivers, with presentation to senior leadership on recurring monthly basis. 
3. Managing internal management reporting across business lines and responsibility centers to produce financial and key metric outlooks for the current period which assist senior management in assessing and addressing business risks and opportunities timely and aligning key performance indicators with financial forecasts and plans.
4. Determining the budgetary impact of initiatives and strategic business decisions and incorporating the impact into future financial forecasts and plans.
5. Directing FP&A team resources including managing expectations at various levels across the organization and partnering with key stakeholders from different business functions and responsibility centers to drive overall business success.
6. Designing and producing regular and ad-hoc financial reports and dashboards to assist with business planning.
7. Supporting revenue enhancement and cost optimization initiatives while maintaining a strong control environment and ensuring compliance with applicable policies and procedures.
8. Driving pricing and margin high performance by analyzing and optimizing the bank's product and service pricing strategies.
9. Driving change and transformation initiatives within the FP&A function and across the organization further leveraging automation and driving efficiency at scale.
10. Supporting the creation of functional financial modeling architecture and strategy needed to provide reporting and insights on an ongoing basis, with a focus on design, functionality, and efficiency.
11. Supporting the implementation and ongoing maintenance of Vena Solutions including report and template development, hierarchy administration, and ongoing continuous improvement.
12. Integrating information from multiple sources (e.g., financial and operational systems) to enable more efficient processes, enhanced analysis, and streamlined reporting.
13. Overseeing the development and ongoing maintenance of effective Internal Controls over Financial Reporting for the FP&A function.
14. Ensuring FP&A policies and procedures are timely updated and reviewed to ensure compliance with regulatory requirements, including consideration of bank size, complexity, and operations.
15. Supporting senior management and others in ad-hoc data requests and other special projects.

Requirements

QUALIFICATIONS

• Bachelor's degree in Finance, Accounting, or related field. MBA, CFA, or CPA preferred.
• 10+ years of progressive financial planning and analysis experience including 3+ years’ experience in a similar role at a regulated financial institution, preferably a bank with $5B+ of total assets.
• 3-8 years of experience in a senior management, director, or leadership role, leading cross-functional teams and fostering a culture of accountability, innovation, and continuous improvement while delivering on strategic financial objectives.
• Advanced proficiency in financial systems and Microsoft Excel.
• Experience with extracting, analyzing, and merging data from disparate systems and performing complex analysis.
• Experience working with planning and analysis software (e.g., Vena Solutions) is highly preferred.
• Experience working with data visualization and reporting tools (e.g., Power BI) is highly preferred. 
• Experience working with core banking systems and ERPs (e.g., NetSuite, Oracle Fusion, or similar platforms) is p