What are the responsibilities and job description for the Financial Planning and Analysis Manager position at Valley Bank?
The Manager, FPA will create and drive financial reporting and analysis to certain Valley business lines. Will lead with budgeting, reporting and analysis and assist with variance commentary on a monthly basis for their designated client groups .Experience in Banking/Banking Balance Sheet is required.
Responsibilities include, but are not limited to:
- Line of Business primary contact of financial reporting, budgeting, and variance needs.
- Perform financial forecasting, reporting and KPI tracking for selected business lines.
- Analyze financial data and create financial models, dashboards and projections for decision making.
- Collaborate with select business lines to create their annual budget.
- Report on financial performance and participate in regular leadership reviews.
- Analyze past results, perform variance analysis, identify trends and make recommendations for improvement.
- Work closely with the accounting team to ensure accuracy of reporting.
- Evaluate financial performance by comparing and analyzing actual results against budget.
- Recommend actions by analyzing and interpreting data and making comparative analyses; study proposed changes in methods and materials.
- Identify and drive process improvements, including the creation of standard and ad-hoc reports, tools, and Excel dashboards.
- Increase productivity by developing automated reporting/forecasting tools.
- Maintain a strong financial analysis foundation creating forecasts and models.
- Assists management with ad-hoc reporting and requests from the line of business.
Required Skills:
- FP-A/Banking Balance Sheet experience ideally in the financial institution space (financial analysis and reporting, budgeting and forecasting).
- Knowledge of bank financial statements and key accounting principles.
- Self-motivated but able to succeed both independently and as part of a team.
- Strong written and verbal communication skills and the ability to build productive and co-operative relationships.
- Highly motivated and analytical individual with attention to detail, accuracy and efficiency.
- Ability to manage multiple workstreams but be sufficiently nimble to focus energies on most in-demand items.
- Technical experience with Excel and financial accounting systems.
Required Experience:
- Bachelor's degree in Business, Finance, Accounting, or other related field, with a minimum of 7 years with expertise in FP-A.
- Master's degree, Financial Services or Banking experience preferred.
