Sr. Financial Analyst- Business Support

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:

The Consumer Regional Banking team is part of the Global Expense Management group within the CFO organization. Our primary focus is to provide expense P&L support for the Consumer lines of business (including Deposits, Small Business, Consumer Lending, and other corporate partners).  We also partner with other CFO groups including BFO/ Controller/ Corporate Planning/ EST teams/ and Corporate Strategy, among others.  Key priorities for our team are focused on expense support including analytics, month-end close, forecasting and reporting, hierarchy maintenance, and other ad-hoc support with a high focus on operational excellence. 

The teammate in this role will be responsible for being the subject matter expert for expenses across the Consumer lines of businesses. The primary focus of the role will include expense management responsibilities such as:

Responsibilities:

• Evaluates Lines of Business (LOB) financial performances and assists with decision making by synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics

• Develops financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners

• Creates forecasts and budgets by comparing current performance against plan, prior periods, prior forecasts, and budgets and evaluating current and future performance trajectory

• Supports reporting and analysis for key constituents and management, which may include Board of Directors, Investor Relations, and/or various regulatory agencies

• Collaborates with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures

• Supports new and ongoing projects and strategic initiatives by creating processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities

• Month-end close, forecasting, and reporting

• Preparing, analyzing, reviewing, and submitting monthly accruals

• Creating new processes and innovating on best practices to support non-personnel expense communication and facilitation with numerous product/channel/horizontal finance partners

• Proactive communicating/partnering with BFOs, LOBs, and other supporting groups

• Proactively searching for opportunities to automate key functions/reports and eliminate unnecessary work

Skills:

• Attention to Detail

• Business Process Analysis

• Collaboration

• Data Quality Management

• Reporting

• Data Visualization

• Financial Analysis

• Financial Forecasting and Modeling

• Financial Processing

• Prioritization

• Analytical Thinking

• Business Acumen

• Business Case Analysis

• Critical Thinking

Required Qualifications:

• Minimum 2 years experience with financial planning, analysis and reporting

• Bachelor's degree in Accounting / Finance or relevant work experience

• Advanced Excel, modeling, data manipulation

• Strong communication, organization, presentation, attention to detail, and leadership skills

• Analytical Abilities / Financial Acumen - Systematic application of a combination of inductive and deductive reasoning to examine information, interpret results and arrive at well-founded logical conclusions. Understanding of accounting concepts (debits / credits, accruals).

• Builds Partnerships - Builds broad-based business relat