Director of Financial Planning & Analysis

Description

PRIMARY PURPOSE OF JOB

The Director of FP&A will lead the financial planning, budgeting, forecasting, and strategic analysis functions for Southern Bank. This role is responsible for delivering data-driven insights to senior leadership and the board, enhancing financial performance, and ensuring alignment with corporate strategy. The ideal candidate has a strong background in finance, excellent analytical skills, and is action oriented to drive improvement.

EXPECTATIONS OF ALL SOUTHERN BANK TEAM MEMBERS

• Southern Bank team members are a family, rooted in the communities we serve and working together to be the best in our industry, utilizing innovative ideas and strong products. The Southern Bank Patch illustrates these ideals.
• Ensures the confidentiality of customer non-public personal information and secures information systems to comply with bank regulations.

ESSENTIAL FUNCTIONS AND PERFORMANCE AREAS

Financial Planning & Forecasting:

• Lead the annual budgeting and long-term financial planning process, ensuring alignment with the bank’s strategic objectives.
• Develop multi-year financial forecasts, incorporating economic trends and business performance.
• Develop and manage rolling forecasts to provide real-time insights into financial trends, risks, and opportunities.
• Oversee the development of scenario models to assess financial impacts of strategic initiatives, regulatory changes, and market conditions.

Strategic & Business Analysis:

• Provide financial insights to support strategic initiatives, mergers & acquisitions, and capital deployment.
• Provide executive leadership with data-driven recommendations, highlighting financial performance, profitability drivers, and efficiency opportunities.
• Conduct competitive benchmarking and industry analysis to support strategic decision-making.
• Partner with business units to enhance financial decision-making through data analytics to analyze growth opportunities and trends, manage business unit economics, and expense optimization strategies.
• Manage and analyze profitability reports for the branch network, collaborating closely with branch and regional management to improve growth and profitability.
• Generate comprehensive producer growth and profitability reports, tracking key performance metrics to evaluate individual and team performance.
• Design and develop customer pricing models and profitability reports, incorporating a client’s total risk-adjusted return on capital (RAROC) across all banking products and services.

Financial Reporting & Board Presentations:

• Prepare monthly and quarterly financial analysis packages for the executive team and board of directors.
• Develop key performance indicators (KPIs) and dashboards to track performance against strategic goals.
• Support Financial Reporting by assisting with specialized financial materials for earnings calls and investor presentations.

Capital & Liquidity Planning:

• Work closely with Treasury to analyze capital adequacy, funding strategies, and interest rate risk exposure.
• Assist in stress testing and regulatory reporting related to capital planning and liquidity management.

Process Improvement & Technology Enablement:

• Drive automation and efficiency improvements in financial modeling, reporting, and analytics.
• Implement FP&A tools and dashboards to enhance financial visibility across the organization.
• Collaborate with IT and finance teams to improve data integrity and reporting capabilities

Qualifications

KNOWLEDGE, SKILLS, AND ABILITIES EDUCATION

• Expertise in financial modeling, profitability analysis, and capital markets
• Excellent communication and presentation skills, with the ability to convey complex financial concepts to senior leaders and board members.

EDUCATION, TRAINING AND EXPERIENCE REQUIREMENTS

• Bachelor’s degree in Finance, Accounting, Economics, or a related field (MBA or CFA preferred).
• 7 years of high-level financial analysis experience in FP&A, capital markets, investment banking.
• Strong experience in Excel and data visualization tools (Power BI, Tableau, or similar).
• Experience working with large datasets; familiarity with SQL or other coding languages is preferred.
• Experience in a public company environment with exposure to SEC reporting, investor relations, and earnings calls preferred.

CORE COMPETENCIES

Family & Trust: Southern Bank team members build relationships based on trust and mutual respect, maintain an inclusive and honest environment and uphold integrity and transparency in all interactions.

Rooted & Service: Southern Bank team members are committed to serving customers, communities and teams with purpose, professionalism, and respect, while effectively communicating and actively listening to meet their needs.

Innovation & Strength: Southern Bank team members foster collaboration and continuous improvement, encourage visionary thinking, and strive for excellence to drive the organization forward.

Building Partnerships: Identifying opportunities and taking action to build strategic relationships between one’s area and other areas, teams, departments, units, outside vendors and partners, or organizations to help achieve business goals.

Leadership Disposition- Back Office: Demonstrating the traits, inclinations, and dispositions that characterize successful leaders; exhibiting behavior styles that meet the demands of the leader role.

Aligning Performance for Success: Focusing and guiding others in accomplishing work objectives.