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 a diverse and 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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for serving as a finance partner to specified Lines of Business (LOBs) and directing the day-to-day finance activities to manage strategic annual planning and implementation. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and overseeing value creation ideas and new investment business cases. Job expectations include supporting management in key decision making, and influencing and gaining support from financial analysts.

Additional Information:

Accountable for providing Finance support for Division Executive and their leadership team (Region Execs, Operations Exec, Performance Exec etc). Throughout the tenure of the role, the teammate should gain exposure to the priorities of the Consumer Banking and Investment business including deepening with existing customers and acquiring new customers, customer satisfaction, effectively managing resources, growing talent, increasing efficiencies, improving operations and managing risk.

Responsibilities:

• Oversees the financial analysis and reporting needed to provide Line of Business (LOB) and finance leadership with trends and comparisons on all financial matters, focusing on maximizing revenue growth, cost management, profitability, cash flow generation, and operational improvement

• Reviews LOBs financial performances and provides strategic direction to teams by assisting with synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics

• Manages forecasting and/or budgeting and compares current performance against plan, prior periods, and forecasts to evaluate current and future performance trajectory

• Delegates and provides oversight to teams building financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners

• Implements new and ongoing projects and strategic initiatives by helping to create new processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities

• Builds, maintains, and manages partner relationships across the Finance division and implements policies and procedures that ensure integrity of the financials, sound controls, and effective procedures

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.

• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.

• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.

• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.

• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.

• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.

• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Additional responsibilities:

• Managing and providing analytics and reporting related to staffing, expense administration, sales revenue generation, profitability, Specialists sales and referrals, and performance monitoring for the Division/Regions

• Providing support for development and ongoing management of business cases for key business initiatives; lead projects as required

• Advising and coaching Division, Region, and Market teams and business partners on Finance-related topics as noted in #1 above

• Liaising with peer BFOs to ensure consistency and use of best practices.

Desired Qualifications:

• BS/BA - Finance/Accounting preferred or MBA or Management accounting experience

• Advanced Excel, financial modeling, data structuring & analytics

• Forecast and planning experience

• Comfort working with complex Financial Products

• EPM/eLedger user experience

• Familiarity with suite of CFO automation tools (e.g., Alteryx, FactSet, Tableau, Workiva)

• Proven time management skills, leadership, and business mastery

• Strong business partnering experience / skills including the ability to interact, communicate and influence equally well within all levels of an organization

• Strong Communication-oral & written; ability to simplify & communicate

• Strong relatable business acumen in reporting (P&L, organization hierarchy, business segments)

Skills :

Financial Analysis, Financial Management, Data Quality Management, Business Process Analysis, Collaboration, Data Visualization, Analytical Thinking, Critical Thinking, Decision Making, Prioritization, Project Management, Business Case Analysis, Financial Forecasting and Modeling, Reporting, Business Acumen

Shift:

Hours Per Week: