Sr. FP & A Analyst

Division:              Finance

Department:        FP&A 

Reports to:          Director of Finance

Status:                 Exempt

Grade:                  10

Salary Range:      $55,588 - $102,474 

Salary range updated 4/10/2026. Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Location:               Boston, MA

 

 

Purpose/Objective:  

FP&A is a small team that serves as the financial and analytical liaison between the core business units, corporate functions, investor relations, and senior management. It covers a wide variety of responsibilities, including budgeting and forecasting, capital planning, executive reporting, and analysis of new business opportunities.

 

The Senior FP&A Analyst position plays a critical role in managing the Bank’s financial strategy through budgeting, forecasting, profitability analysis, and financial reporting. The Senior FP&A Analyst will partner with senior and executive leadership across the bank to provide strategic insights while maintaining and managing data integrity. The Senior FP&A Analyst will train FP&A team members for further development of the team.

 

Essential Responsibilities:

Financial Planning & Forecasting

• Own key components of the annual budget and multi-year financial plans across the consolidated bank and legal entities.
• Build, enhance, and maintain integrated financial models (income statement, balance sheet, capital, and liquidity).
• Partner with business line leaders to develop assumptions, challenge forecasts, and align plans with strategic objectives.
• Support capital planning, including stress testing, scenario analysis, and regulatory considerations.
• Drive continuous improvement in forecasting accuracy, processes, and governance.

 

Financial Performance Analysis

• Analyze financial performance of consolidated bank, regional banking areas, and business lines , including:
• Net interest margin (NIM) and balance sheet trends
• Loan and deposit growth, pricing, and mix
• Credit quality and provision dynamics
• Non-interest income and expense management
• Prepare and present monthly and quarterly variance analyses vs. budget, forecast, and prior periods.
• Identify key drivers of performance and proactively highlight risks and opportunities.
• Develop and monitor KPIs including ROA, ROE, efficiency ratio, capital ratios, liquidity metrics, and growth indicators.
• Conduct deep-dive analyses on emerging trends (e.g., deposit behavior, pricing changes, customer activity).

 

Management Reporting & Executive Support

• Prepare monthly and quarterly internal financial reporting packages for senior management.
• Develop executive-level dashboards and presentations that clearly communicate performance insights.
• Ensure consistency and accuracy in consolidating financials across multiple bank charters.
• Provide clear, concise recommendations to support strategic and operational decisions.

 

 

 

 

Profitability Measurement & Business Analytics

• Play a key role in the design, implementation, and ongoing enhancement of profitability frameworks, including:
• Funds Transfer Pricing (FTP)
• Product and customer profitability
• Branch and cost center performance
• Partner with FP&A leadership to refine methodologies and improve transparency of profitability reporting.
• Analyze product pricing, margin performance, and customer segmentation to support growth and optimization strategies.