Senior Financial Analyst - Financial 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. 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. We’re 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 Summary:
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 Technology FRAC team (Forecasting, Reporting and Analytics) is part of Global Technology & Operations Finance.  The primary focus of the team is to provide strong financial support for the day-to-day finance activities of a business unit.  Business partners include: Business Finance Officers (BFO) as well as line of business (LOB) Technology managers. Key priorities are P&L (profit & loss) planning, forecasting and month-end analysis / reporting for the technology organization. Throughout the tenure of this role the teammate will gain exposure within the finance organization while improving/developing the following skills: financial/business acumen, attention to detail, analytical and strategic thinking, planning and forecasting, leadership, communication, and relationship management.  High level of exposure to strategic investment decisions driving the future technology landscape of the firm.
 

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

• Responsible for business unit forecast and month-end processes

• Analyze costs and understand business drivers and levers to influence efficiencies

• Partner with peers and management to implement process & reporting improvements

Required Qualifications:

• 2-4 years in Finance or related industry experience

• Proficient in Microsoft Office products with emphasis on strong Excel (macros, pivot tables, look-ups, and filtering) and PowerPoint

• Self-starter able to work in a fast-paced environment

• Strong financial reporting background

• Well organized and strong attention to detail

• Seeks to build relationships and collaborate with teammates

• Strategic thinker with the ability to understand complex business challenges and potential solutions

• Strong organization skills and ability to manage/sequence multiple deliverables

• Strong written and oral communications skills

Desired Skills and Qualifications:

• Bachelor's degree in Finance or Accounting

• SAP / eLedger / Essbase

• FP&A (Financial planning & analysis) experience

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

• Decision Making

Shift:

Hours Per Week: