Financial Analyst - Corporate Costing & Analytics

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

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Job Description:

At Regions, the Financial Analyst gathers, organizes, analyzes, and communicates relevant financial information in support of line of business partners.
 

Primary Responsibilities

• Analyzes, consolidates, interprets, and communicates financial data
• Prepares detailed reports and presentations for review by all levels of management
• Monitors business unit financial performance against plans, forecasts, and budgets
• Consolidates a wide range of operating and financial projections for the development of both short-term and long-term business plans
• Assists with junior analyst training and development
• Offers advice and guidance to junior analysts on occasion, assisting in the development of necessary skills and promote continuous improvement initiatives
• Works independently and receives minimal guidance

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

• Master's degree in Finance, Accounting, or a directly related field and one (1) year of experience with management financial reporting
• Or Bachelor's degree in Accounting, Finance, or a directly related field and three (3) years of experience with management financial reporting

Preferences

• Experience within a financial services industry

Skills and Competencies

• Basic Visual Basic for Application (VBA) and Structured Query Language(SQL) skills
• Intermediate financial analysis & modeling skills
• Intermediate knowledge of financial statements
• Moderate Qlik skills
• Strong attention to detail
• Strong Essbase skills
• Strong PowerPoint and Excel skills
• Strong quantitative and technical aptitude
• Strong verbal and written communication skills

The Regions’ Corporate Costing and Analytics team is a highly collaborative and innovative group of people who leverage their talents and skills to provide a superior product to our Finance and Business constituents. The team is responsible for delivering actionable multi-dimensional insights to all Lines of Business and Support areas for Budget, Actual and Forecast scenarios. While each teammate has their specific role and responsibilities, to be successful we leverage the complementary skills each teammate possesses which allows for interactive dialog, problem solving and ideation.  A robust knowledge across the breadth of banking is preferred with an emphasis on expense analysis, business processes and process modeling, budgeting and forecasting, and analysis of processing results.  Excellent communication and technical skills are required to meet the requirements of the position.

Additional Responsibilities:

• General understanding of Support Cost (aka Support Expense) results and how the Cost Team transforms Direct NIE into Support Costs.
• Cost Studies: Perform new studies, updates, and maintenance.  Monitor charges/recoveries, perform variance analysis, and business analytics.

• General Financial Manager and Financial Analyst support with Line of Business partners.
• Monitoring of changing organizational and expense account hierarchies via monthly RDMWG (Reporting Dimension Management Working Group).
• Support of annual budget process: defining study group/area hierarchies, defining Direct Non-Interest Expense (DNIE) pools, confirming volume assumptions, aligning shared service (HR, Technology, Facilities, Cyber Security) expense pools to appropriate study groups, pushdown validation