First Citizens Bank
Manager Financial Analysis - FP&A (Hybrid)
First Citizens Bank, Raleigh, North Carolina, United States, 27601
Overview
This position is responsible for providing accurate and data-driven reporting on profitability, solvency, stability, and liquidity for the Global Banking and Market Solutions and Embedded Payments business units. This role will focus on financial forecast, financial performance analytics and reporting for Global Banking and Market Solutions business unit with a focus on Trade Finance, FX and Interest Rate Derivatives as well as the Embedded Payments business unit with a focus on Payments Facilitation (PayFac) product. In addition, this role manages the Bank's financial planning and coordinates the annual budget process, guiding a team in profitability reporting and enabling senior management to make informed business decisions.
Responsibilities
Budget and Forecast Preparation - assist with budget preparation for relevant Bank lines of business and provide forecast projections for individual lines of business and corporate level. Refresh financial forecasts monthly, review actual results against latest data, and evaluate forecast assumptions. Collaborate with business units on quarterly forecast assumptions. Expand existing forecasts to include additional client segments; partner with the business to source data, determine assumptions, and develop models. Support product sales teams with sales targets and analytics of performance versus targets. Reporting - provide consolidated reports to executive management on budget variances and profitability; administer financial reporting systems. Prepare monthly financial and quarterly performance updates for business partners for each relevant product area. Produce month-end close reporting of actual results versus expectations with commentary to business and Corporate FP&A. Present monthly results in Monthly Business Review and/or Quarterly Business Review forums. Develop and enhance P&L reporting and create new P&L views for products lacking reporting. Product profitability - determine variable and fixed costs related to product and organizational profitability; provide monthly profitability reporting. Support the implementation and maintenance of new product profitability reporting. Improve processes to enhance financial performance insights and accuracy. Support initiatives to optimize financial performance, including revenue growth and cost reduction. Support new product launches with necessary financial infrastructure; assist with business case development or strategic investments. Provide ad-hoc financial support, including evaluating the financial impact of planned pricing changes. Managerial Functions - Manage a team of associates, guiding usage of profitability reporting systems and data. Oversee a US-based resource and India-based resources for deliverable execution. Qualifications
Bachelor's Degree and 6 years of experience in budgeting, activity-based costing, customer product & org profitability reporting OR High School Diploma or GED and 10 years of experience in the same area. Preferred Education: CPA. Advanced Excel financial modeling and data analytics skills Experience with Power Pivot and Power Query SQL experience a plus Advanced degree and/or CFA Previous FP&A experience Experience in Banking or Financial services Experience with payments, Trade Finance, FX product financials Benefits
Benefits are an integral part of total rewards. More information can be found at https://jobs.firstcitizens.com/benefits. Job Details
Seniority level: Not Applicable Employment type: Full-time Job function: Finance and Sales Industry: Banking and Financial Services Get notified about new Manager Financial Analysis jobs in Raleigh, NC.
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This position is responsible for providing accurate and data-driven reporting on profitability, solvency, stability, and liquidity for the Global Banking and Market Solutions and Embedded Payments business units. This role will focus on financial forecast, financial performance analytics and reporting for Global Banking and Market Solutions business unit with a focus on Trade Finance, FX and Interest Rate Derivatives as well as the Embedded Payments business unit with a focus on Payments Facilitation (PayFac) product. In addition, this role manages the Bank's financial planning and coordinates the annual budget process, guiding a team in profitability reporting and enabling senior management to make informed business decisions.
Responsibilities
Budget and Forecast Preparation - assist with budget preparation for relevant Bank lines of business and provide forecast projections for individual lines of business and corporate level. Refresh financial forecasts monthly, review actual results against latest data, and evaluate forecast assumptions. Collaborate with business units on quarterly forecast assumptions. Expand existing forecasts to include additional client segments; partner with the business to source data, determine assumptions, and develop models. Support product sales teams with sales targets and analytics of performance versus targets. Reporting - provide consolidated reports to executive management on budget variances and profitability; administer financial reporting systems. Prepare monthly financial and quarterly performance updates for business partners for each relevant product area. Produce month-end close reporting of actual results versus expectations with commentary to business and Corporate FP&A. Present monthly results in Monthly Business Review and/or Quarterly Business Review forums. Develop and enhance P&L reporting and create new P&L views for products lacking reporting. Product profitability - determine variable and fixed costs related to product and organizational profitability; provide monthly profitability reporting. Support the implementation and maintenance of new product profitability reporting. Improve processes to enhance financial performance insights and accuracy. Support initiatives to optimize financial performance, including revenue growth and cost reduction. Support new product launches with necessary financial infrastructure; assist with business case development or strategic investments. Provide ad-hoc financial support, including evaluating the financial impact of planned pricing changes. Managerial Functions - Manage a team of associates, guiding usage of profitability reporting systems and data. Oversee a US-based resource and India-based resources for deliverable execution. Qualifications
Bachelor's Degree and 6 years of experience in budgeting, activity-based costing, customer product & org profitability reporting OR High School Diploma or GED and 10 years of experience in the same area. Preferred Education: CPA. Advanced Excel financial modeling and data analytics skills Experience with Power Pivot and Power Query SQL experience a plus Advanced degree and/or CFA Previous FP&A experience Experience in Banking or Financial services Experience with payments, Trade Finance, FX product financials Benefits
Benefits are an integral part of total rewards. More information can be found at https://jobs.firstcitizens.com/benefits. Job Details
Seniority level: Not Applicable Employment type: Full-time Job function: Finance and Sales Industry: Banking and Financial Services Get notified about new Manager Financial Analysis jobs in Raleigh, NC.
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