Assistant Manager, Business Unit Finance

To lead a team of Business Unit Financial Analysts to perform day-to-day reporting and analyses of business unit financial data to drive operations and strategic business decisions. Ensure appropriate and validated use of budget and financial information in cost accounting and financial analysis. Provide subject matter expertise and guidance to business unit regarding financial performance. Work is performed under general direction.

• Manage day-to-day reporting and analyses of business unit financial data, lead a team of Business Unit Financial Analysts to execute the goals and initiatives of the Business Unit (BU) and Business Unit Finance (BUF)
• Assist the Manager/BUF in leading the team to develop departmental Annual Financial Plan (AFP); review division submissions for completeness, accuracy, and compliance with corporate budget directives
• Oversee the preparation of consolidated BU AFP and assist the Manager/BUF in presenting to the BU executive management
• Assist with managing the quarterly 5300 NCUA Call Report – mortgage and Equity sections, and manage the accounting end of month processes to ensure accuracy and timely reporting of deliverables
• Based on financial analysis, identify, and resolve operational and performance gaps and obstacles causing financial impact to the BU; make recommendation to the Manager/BUF and assist implement changes to improve operations, standards, and financial results
• Analyze and interpret AFP variance analysis and historical trend reports for all divisions within the BU to monitor expenses and gain an understanding of account behavior to enhance the development of future annual financial plans
• Develop, recommend, and assist the Manager/BUF to oversee the implementation of new/updated policies, procedures, goals, and priorities as necessitated by demands, changing conditions and/or management requests
• Participate and assist in executing Corporate Quarterly Reforecast Process for the respective BU; identify variances and evaluate the financial impact of new business initiatives
• Optimize business operations' performance by analyzing current and forecasting future performance to support strategic initiatives
• Preparation of monthly Return on Assets calculations for each product to include an executive summary detailing performance driver for the BUF review
• Maintain understanding of business direction, environment and strategies and work closely with stakeholders to ensure analytic output addresses business needs
• Collaborate with EPMO, Procurement, ISD and HR to provide financial management of the BU's strategic initiatives
• Analyze complex financial information and reports to provide accurate and timely financial recommendations to senior management for decision making purposes
• Provide consultative support for financial matters for all BU divisions
• Lead the team of analysts in the preparation of key strategic financial metrics, including profitability metrics, sensitivity analysis and cost/benefit trade-off outlines to senior management to inform strategic business decisions
• Provide insight to senior management regarding impacts of external and internal environment changes on the profitability of different products/services/channels
• Prepare summaries, analyses, reports, charts, graphs, instructions, and manuals/reference materials for inclusion in ad hoc and required reports
• Produce, distribute, and review monthly department financial results to senior management
• Investigate and resolve questions and discrepancies by actively collaborating and communicating across business lines
• Review and recommend modifications to Activity Based Costing system to ensure accuracy of inputs into key financial metrics
• Coordinate with Corporate Finance on NFCU’s general ledger and cost center updates, structures, corrections, transfers, and adjustments to ensure accurate record of expenditures for business units, correct accounting for origination activities and presence of risk controls
• Support accounting/procurement functions and related processes, including requisitions, purchase orders, invoices, and approval requirements
• Assist the Manager in provide insights and guidance on personnel metrics to include overtime usage, billet vacancy rates and monitoring of consultants/temporary workers subsidizing full time employees
• Serve as liaison with internal colleagues/contacts to resolve financial issues and/or business process changes
• Lead or participate in organization-wide project teams
• Collaborate with business unit and senior management to support organization strategies and tactics as needed
• Assisting the Manager/BUF to manage business reporting and ensure analytics and reporting tools are in place to achieve optimal results
• Maintain thoroug