Manager Financial Analysis - FP&A (Hybrid)

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.

This position is responsible for the management and coordination of the Bank's financial planning. Assists in the annual budget process, and product performance reporting. Guides a team of associates in the analysis and system usage necessary for profitability reporting. Facilitates senior management's ability to make fully informed business decisions by providing critical information for the realization of strategic corporate objectives.

• Budget and Forecast Preparation - Helps assist with budget preparation for relevant Bank lines of business, and provides forecast projections both individual lines of business and corporate level.

• Refresh financial forecasts monthly to review actual results based on latest detailed product and client performance data. Continually evaluate appropriateness of financial forecast assumptions factoring in actual performance versus expectations.
• Collaborate with business quarterly on financial forecast assumptions for the forecast horizon
• Own the expansion of existing financial forecasts to include additional client segments as needed including partnering with the business to source required data, determine appropriate assumptions and develop financial forecast model.
• Support the product sales teams with sales targets and analytics of actual performance versus targets

• Reporting - Provides consolidated reports to executive management on budget variances and profitability through administration of 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 and provide supporting commentary to business and Corporate FP & A team.
• Presents monthly results to the business in Monthly Business Review forums and/or Quarterly Business Review forums
• Support the development of P & L reporting and pro-actively continuously evaluate for enhancements and develop new P & L views for products that do not currently have reporting in place.

• Product profitability - Supports the business in determining variable and fixed costs related to product and organizational profitability. Provides monthly reporting to business on profitability performance.

• Supports the implementation of new product profitability reporting and ongoing maintenance required
• Continuously evaluate existing processes for improvement to enhance financial performance insights and/or accuracy
• Support business led efforts to optimize financial performance results including revenue growth and/or cost reduction initiatives
• Support new product launches with required financial infrastructure build out
• Support business case development or other strategic investment requests
• Provide support to the business on ad-hoc finance related questions including evaluating financial impact of planned pricing changes

• Managerial Functions - Manages a team of associates who analyze financial processes. Provides guidance to associates on utilizing profitability reporting systems and data
  • • Manage a US based resource and oversee deliverable execution for India based resources.

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 Budgeting, activity-based costing, customer product & org profitability reporting

Preferred Education: Certified Public Accountant (CPA)License or Certification Type: Certified Public Accountant (CPA) Preferred

Preferred Qualifications:

• Advanced excel financial modeling skills and data analytics skills
• Experience working 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 are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.