CFO Finance Manager - Business Support (Global Expense Management)

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:
This job is responsible for serving as a finance partner to specified Lines of Business (LOBs) and directing the day-to-day finance activities to manage strategic annual planning and implementation. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and overseeing value creation ideas and new investment business cases. Job expectations include supporting management in key decision making, and influencing and gaining support from financial analysts.

• Role provides an opportunity to create a sustainable and repeatable process that supports continuous improvement while providing ongoing financial support to Consumer & GWIM BFOs.
• Throughout the tenure of the role the teammate will gain exposure and acumen regarding FASB ASC 310-20 principles across all Consumer, Merrill Lynch and Private Bank Lending Products and also opportunities to develop/improve the following skills: effective communication, financial acumen, leadership, and effective business partnering.

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Responsibilities:

• Oversees the financial analysis and reporting needed to provide Line of Business (LOB) and finance leadership with trends and comparisons on all financial matters, focusing on maximizing revenue growth, cost management, profitability, cash flow generation, and operational improvement
• Reviews LOBs financial performances and provides strategic direction to teams by assisting with synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics
• Manages forecasting and/or budgeting and compares current performance against plan, prior periods, and forecasts to evaluate current and future performance trajectory
• Delegates and provides oversight to teams building financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners
• Implements new and ongoing projects and strategic initiatives by helping to create new processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities
• Builds, maintains, and manages partner relationships across the Finance division and implements policies and procedures that ensure integrity of the financials, sound controls, and effective procedures

Additional responsibilities include:

• Works on month-end close, forecasting, and reporting
• Prepares, analyzes and reviews Lending Product level FASB ASC 310-20 analytics
• Creates new processes and automation in the application of FASB ASC 310-20 principles

Skills:

• Business Process Analysis
• Collaboration
• Data Quality Management
• Financial Analysis
• Financial Management
• Analytical Thinking
• Critical Thinking
• Data Visualization
• Decision Making
• Prioritization
• Business Acumen
• Business Case Analysis
• Financial Forecasting and Modeling
• Project Management
• Reporting

Required Qualifications:

• Minimum 5 years' of financial planning experience
• Advanced Excel, modeling, data manipulation
• Strong communication, organization, presentation, analytical, 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 (debits / credits)
• Builds Partnerships - Builds broad-based business relationships across the organization.
• Strong business acumen

Desired Qualifications: