Senior Financial Analyst - Finance Business Support
Bank of America
Location: Charlotte, North Carolina
Internal Number: 21070045
This role is predominately focused on: Business Support/BFO
The Consumer and GWIM Reporting & Analysis team is part of CFO organization supporting both finance and LOB executives. The primary focus of our team is managing reporting and analysis, driving change and helping the business and finance stay focused on key strategic priorities. Our team manages reporting for various corporate & line of business routines, with exposure to full Balance Sheet and P&L. Our business partners span the Consumer Bank and the multiple support partners, with exposure to senior line of business and finance / support function executives. Key priorities for our team focus on corporate routines, including forecast, business reviews with the CEO, Management Team & Board Meetings as well as internal business routines and external presentations. The broader executive reporting team is composed of approximately 15-20 employees located in Charlotte, New Jersey, California and Texas
The Consumer & GWIM Expense Horizontal group is part of the CFO organization. The primary focus of this team is to provide P&L support for Consumer & GWIM lines of business (including Deposits, Small Business, Consumer Lending, Merrill and Private Bank, and other corporate partners). We also partner with other CFO groups including BFO /Controller /Corporate Planning /EST teams /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.
Role offers a unique Finance experience and a broad scope of responsibilities:
The Expense Horizontal function is a team alignment built with the goal of breaking down historical silos of work and combining similar work functions in order to simplify and create more efficient processes across Consumer/GWIM teams.
Consumer and GWIM have different approaches to data organization, reporting and forecasting and need to be made more consistent.
Reporting was optimized at the product/channel previously and needs to be standardized as much as possible across Consumer/GWIM (partner with centralized reporting team).
Forecasting levels vary by team and need to be raised to the appropriate levels (requires creative primary hierarchy maintenance).
Forecasting functions, centralized with this team, require a refinement of developed routines with BFO Support to obtain guidance.
Throughout the tenure of the role the teammate will gain exposure and acumen across GWIM channels and products, and develop/improve the following skills: effective communication, financial acumen, leadership, and effective business partnering.
The teammate in this role will be responsible for being the subject matter expert and owner of specific P&L line items that cover mainly GWIM lines of business but could extend to Consumer. The primary focus of the role will be headcount-management responsibilities including:
Month-end close, forecasting, and reporting
Creating new processes and innovating on best practices to support Headcount communication and facilitation with numerous product/channel/horizontal finance partners
Proactive communication/partnership with BOFs, LOBs and supporting groups
Proactive search for opportunities to automate key functions/reports and eliminate unnecessary work
Bachelor's degree required, accounting or finance preferred and/or equivalent work experience
Financial planning, analysis and reporting
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
Ability to build broad-based business relationships across the organization
Strong business acumen
Applied business knowledge to solve business problems and create new opportunities
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.