Job Information
Bank of America Sr Fin Analyst – Secured Lending Revenue Forecasting and Analysis in Pennington, New Jersey
Sr Fin Analyst – Secured Lending Revenue Forecasting and Analysis
Charlotte, North Carolina;Pennington, New Jersey; Newark, Delaware
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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:
The role is responsible for serving as a forecast analyst which includes revenue forecasting for baseline, stress testing, and month-end deliverables. The candidate will work closely with Treasury, Product & Pricing, Model Risk and other partners to successfully deliver on work product. The role provides an opportunity to gain knowledge, exposure, and acumen to the Secured businesses as well as all other Consumer and GWIM products. Generally, the work routine occurs along the corporate timeline, with ad hoc projects in between.
Key Responsibilities:
Create forecast by comparing current performance against plan, prior periods, prior forecasts, and evaluating current performance trends.
Assist Product Leader with decision making by synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics
Assist in model development, re-engineering and methodology improvement.
Collaborate with individuals on the Secured Lending team as well as teams across the Regional Banking and Wealth Management group.
Support new and ongoing projects and strategic initiatives through operational excellence, including automation and simplification measures.
Additional Information:
The Secured Lending Revenue Horizontal Products Reporting, Analysis & Forecasting Team is part of the Regional Banking and Wealth Management (RB & WM) CFO organization. The primary purpose of the team is to provide finance support for Consumer and GWIM Secured lending products (Mortgage, Home Equity, Vehicle Lending and Wealth Management Structured Lending). The team provides reporting, forecasting and stress testing, analytics (business cases, product profitability, analytics, etc.) and business partnering support. The overall team engages with other CFO teams and multiple partners groups. Partners include Line of Business (LOB) / Business Financial Officer (BFO) / Controllers / Enterprise Stress Testing teams / Treasury teams, among many others. The Forecast tower team owns several processes and is responsible for the models and production for each product baseline forecast and stress testing scenarios.
Required Qualifications:
Minimum of 5+ years of financial analysis experience
Experience with the forecasting process and building forecast models in Excel
Well organized and strong attention to detail
Demonstrate strong technical and analytical skills
Strong communicator (verbal and written) with ability to influence
Strong organizational skills and be able to work independently.
Adaptable, ability to in a fast paced, results/deadline driven environment with changing priorities
Strong knowledge of Excel
Seek to build relationships and collaborate with teammates
Strategic thinker with the ability to understand complex business challenges/potential solutions
Manage operational risk by building strong processes and quality control routines
Desired Qualifications:
Familiarity with eLedger, Essbase, Emerging technologies such as Alteryx, and ForecastConnect
Quantitative / statistical skills
Demonstrate intellectual curiosity and be able to communicate effectively in a matrix organization.
Bachelor's degree
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:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.