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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. Weβre devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
Β
This job is responsible for serving as a finance partner to specified Lines of Business (LOBs) and providing financial analysis and guidance to support key decisions and initiatives. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and generating value creation ideas and new investment business cases. Job expectations include preparing insights to guide management's decision making and evaluating financial performance versus plans, forecasts, and prior periods.
The Consumer & GWIM Expense Horizontal 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 & GWIM lines of business (including Deposits, Small Business, Consumer Lending, Merrill and Private Bank, and other corporate partners). Β We also partner with other CFO groups including BFO/ Controller/ Corporate Planning/ EST teams/ and Corporate Strategy, among others. Β 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.
Responsibilities:
The teammate in this role will be responsible for being the subject matter expert for expenses across the Consumer & GWIM lines of businesses. The primary focus of the role will include expense management responsibilities such as:
Month-end close, forecasting, and reporting
Preparing, analyzing, reviewing, and submitting monthly accruals
Creating new processes and innovating on best practices to support 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
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
Skills and 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, 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 relationships across the organization and collaborates within the team to deliver together.
Strong business acumen
Attention to Detail
Business Process Analysis
Collaboration
Reporting
Financial Analysis
Financial Forecasting and Modeling
Prioritization
Analytical Thinking
Business Acumen
Critical Thinking
Decision Making
DesiredΒ Skills:
Essbase
ForecastConnect
SAP/eLedger
GEP
Tableau
Power Query
Alteryx
Applies business knowledge to solve business problems and create new opportunities
Financial statement analysis experience
Shift:
1st shift (United States of America)Hours Per Week:Β
40Pay Transparency details
US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)Pay and benefits informationPay range$59,100.00 - $110,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.