Director of Financial Planning & Analysis

PRIMARY PURPOSE OF JOB

The Director of FP&A will lead the financial planning, budgeting, forecasting, and strategic analysis functions for Southern Bank. This role is responsible for delivering data-driven insights to senior leadership and the board, enhancing financial performance, and ensuring alignment with corporate strategy. The ideal candidate has a strong background in finance, excellent analytical skills, and is action oriented to drive improvement.

EXPECTATIONS OF ALL SOUTHERN BANK TEAM MEMBERS

• Southern Bank team members are a family, rooted in the communities we serve and working together to be the best in our industry, utilizing innovative ideas and strong products. The Southern Bank Patch illustrates these ideals.
• Ensures the confidentiality of customer non-public personal information and secures information systems to comply with bank regulations.

ESSENTIAL FUNCTIONS AND PERFORMANCE AREAS

Financial Planning & Forecasting:

• Lead the annual budgeting and long-term financial planning process, ensuring alignment with the bank’s strategic objectives.
• Develop multi-year financial forecasts, incorporating economic trends and business performance.
• Develop and manage rolling forecasts to provide real-time insights into financial trends, risks, and opportunities.
• Oversee the development of scenario models to assess financial impacts of strategic initiatives, regulatory changes, and market conditions.

Strategic & Business Analysis:

• Provide financial insights to support strategic initiatives, mergers & acquisitions, and capital deployment.
• Provide executive leadership with data-driven recommendations, highlighting financial performance, profitability drivers, and efficiency opportunities.
• Conduct competitive benchmarking and industry analysis to support strategic decision-making.
• Partner with business units to enhance financial decision-making through data analytics to analyze growth opportunities and trends, manage business unit economics, and expense optimization strategies.
• Manage and analyze profitability reports for the branch network, collaborating closely with branch and regional management to improve growth and profitability.
• Generate comprehensive producer growth and profitability reports, tracking key performance metrics to evaluate individual and team performance.
• Design and develop customer pricing models and profitability reports, incorporating a client’s total risk-adjusted return on capital (RAROC) across all banking products and services.

Financial Reporting & Board Presentations:

• Prepare monthly and quarterly financial analysis packages for the executive team and board of directors.
• Develop key performance indicators (KPIs) and dashboards to track performance against strategic goals.
• Support Financial Reporting by assisting with specialized financial materials for earnings calls and investor presentations.

Capital & Liquidity Planning:

• Work closely with Treasury to analyze capital adequacy, funding strategies, and interest rate risk exposure.
• Assist in stress testing and regulatory reporting related to capital planning and liquidity management.

Process Improvement & Technology Enablement:

• Drive automation and efficiency improvements in financial modeling, reporting, and analytics.
• Implement FP&A tools and dashboards to enhance financial visibility across the organization.
• Collaborate with IT and finance teams to improve data integrity and reporting capabilities