Primary Purpose of Job
The HR Financial Analyst is responsible for supporting workforce financial planning, reporting, budgeting, and analytics across the bank. The role analyzes financial and workforce data, develops forecasts, prepares management reports, and supports strategic workforce planning initiatives. The ideal candidate combines strong financial analysis skills with an understanding of human capital metrics, banking operations, and compensation practices.
Major Job Accountabilities
Analyzes, verifies and monitors Bank wide compensation and benefits expense as well as Human Resources and Learning & Development departmental expenses.
- Develops and administrators the annual workforce and HR operating budgets. Tracks and produces monthly reporting to share with Management.
- Prepares monthly, quarterly, and annual forecasts for salaries, benefits, incentives, and labor-related expense reports that are presented to Executive Management with insights/analysis/comments.
- Monitors actual workforce spending against budget and identifies variances, trends, and risks.
- Tracks staffing costs related to vacancies, new hires, promotions, and organizational changes.
- Supports organizational structure and workforce planning analyses.
Compensation & Benefits budget, reporting and business planning across bank.
- Prepares department and Bank wide compensation and benefits budget.
- Works with HR management team in the preparation of Human Resources and Learning & Development budgets.
- Performs analyses to salary budgets, merit increases, incentive accruals, and compensation trends and enter assumptions into the budget system.
- Validates compensation and incentive data for accuracy and completeness.
- Assists in evaluating compensation program effectiveness and competitiveness.
- Prepares annual budget reports and analysis; advise business on trends and/or insights.
- Prepares reports and dashboards for leadership related to compensation and workforce costs.
- Automates reporting processes and identify opportunities for increased efficiency.
Support strategic business initiatives and build organizational capability.
- Applies a data driven approach to help influence business decisions.
- Acts as a resource to Business Units and members of the Human Resources team on workforce planning and other financial matters.
- Demonstrates understanding of financial issues affecting business
- Acts as a liaison to the Finance Division
Completes special projects and ad hoc requests.
Experience Required
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