What are the responsibilities and job description for the Financial Analyst III-Financial Planning position at Amerantbank?

Job Description

The Senior Financial Analyst, reporting to the Budgeting Manager within the Financial Planning and Analysis (FP&A) team, will be primarily responsible for supporting the comprehensive production process of the 3-year plan, annual budgets, monthly forecasts, and actual vs. budget variance analysis for the Bank and its subsidiaries. Additionally, this role will contribute to the regulatory annual Capital Plan and Capital Stress Test processes. The Senior Financial analyst will manage and maintain the Budget & Planning System (AXIOM EPM) to generate financial margin and revenue projections, as well as operating expenses. This position requires a deep understanding of financial statement analysis, strong quantitative skills, and the ability to deliver strategic recommendations to senior management. Furthermore, the Senior Financial Analyst will collaborate closely with the Budgeting Manager in the preparation of ad-hoc scenarios to assess various challenges or initiatives as needed.

Responsibilities : Budget

Support the Budgeting Manager in the annual Budget process for all units of Amerant Bancorp. This includes : Amerant Bank N.A Consolidated, Amerant Bank’s subsidiaries (AMTI, AMTM, ELANT, 220 Alhambra) and Amerant Bancorp Inc. Holding Company (AMTH)

Collaborate closely with the Budgeting Manager, Head of FP&A, and Business and Operations Managers to ensure coherence between the Bank’s Strategic Plan and the budgets for all companies.

Manage and maintain the Budget & Planning System (AXIOM Planning suite) to model the net interest margin, fee income and operating expenses.

Understand all Financial Margin components and variables, including interest rate projections, spreads, cash flows, product repricing characteristics, maturities, and pre-payments.

Discuss loan and deposit goals, volume mix, seasonality, and spreads with corresponding Business Managers.

Manage Balance Sheet components, including assets, liabilities and equity components, and understand relationship to the income statement.

Prepare and discuss Other Operating expenses and Other Income budgets, as well as Capital Expenditure Budgets (CAPEX) effectively.

Forecast

Complete monthly and quarterly Forecasts for all units of Amerant Bank and its subsidiaries, and Amerant Bancorp holding company.

Review and gather consensus with business unit heads regarding changes vs. Budget of volumes and other main variables (rates, spreads, fee income, operating expenses, etc.)

Complete Balance Sheet and Profit & Loss (P&L) statements, key ratios projections and comparisons vs. Budget.

Review and discuss Budget and Forecast presentations with Budgeting Manager and Head of FP&A.

Actual vs Budget

Monitor actual vs. budget of Balance Sheet and P&L monthly.

Prepare actual vs. budget variance analysis reports for the Bank and its subsidiaries.

Review monthly Rate-Volume analysis to understand Financial Margin variances.

Long-Term Plan

Participate in the three-year Strategic Plan projection for Amerant Bancorp. Collaborate closely with the Head of FP&A, Strategic Planning and Senior Management to define main strategic initiatives and incorporate them into the Plan. Model different scenarios, based on different key variables and economic outlooks.

Capital Plan

Support the Budgeting Manager in the preparation of the three-year Capital Plan, considering the Bank’s dividend capacity, Amerant Bancorp Inc debt coverage ratio, Shareholders dividends, and stock buybacks, making sure that the results are within the desired capital and key performing ratios.

Capital Stress Testing

Lead the preparation of the Amerant Bancorp Stress Test, based on loans, ACL, LP, Charge Off, and deposits projections provided by Credit Risk based on economic models and assumptions. Complete Balance Sheet, P&L, and key capital ratios.

Scenario Planning

Work closely with the Head of FP&A and the Budgeting Manager in the preparation of ad-hoc scenarios or projections to assess different challenges or initiatives as needed.

Minimum Education and / or Certifications Requirements :

Bachelor’s degree in business or accounting plus related post-graduate degree or certification, such as MBA or MS.

Minimum Work Experience Requirements :

Five to eight years of progressive Bank experience with focus on budgeting, finance, accounting, auditing, or financial modeling, and at least three years of experience using a budget software, or similar finance software.

Technical and / or Other Essential Knowledge :

Advanced finance / accounting and banking knowledge, organizational and project management skills, analytical skills, independent thinker, ability to multitask.

Ability to analyze problems and to communicate clearly and professionally.

Knowledge of AXIOM EPM Budget System, Fiserv MPC, IPS Sendero BPS or other similar budgeting software. Bilingual (English / Spanish) is highly desirable.

Computer skills, previous experience with MS Office Skills, including MS Word, MS Excel and MS PowerPoint, MS Outlook

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Financial Analyst III-Financial Planning

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