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 an 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.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Summary: This job is responsible for serving as a finance partner to specified Lines of Business (LOBs) and providing financial analysis and guidance to support key decisions and initiatives. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and generating value creation ideas and new investment business cases. Job expectations include preparing insights to guide management's decision making and evaluating financial performance versus plans, forecasts, and prior periods.
The Card & Small Business Lending Valuation, Analytics, and Reporting group is responsible for providing financial support for the Consumer, Wealth Management and Small Business Card unsecured lending products. The team engages across numerous lines of business and multiple corporate partners to provide best-in-class projections of profitability to feed an accurate corporate forecast, drive marketing investment, inform business cases for product and risk strategies, and perform profitability analytics while ensuring proper risk/reward discipline to grow the business responsibly.
Responsibilities:
- Evaluates Lines of Business (LOB) financial performances and assists with decision making by synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics
- Develops financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners
- Creates forecasts and budgets by comparing current performance against plan, prior periods, prior forecasts, and budgets and evaluating current and future performance trajectory
- Supports reporting and analysis for key constituents and management, which may include Board of Directors, Investor Relations, and/or various regulatory agencies
- Collaborates with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures
- Supports new and ongoing projects and strategic initiatives by creating processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities
**Additional Responsibilities: **
- Lead financial analysis for Card Product initiatives, including analyzing forecasting and actual profitability, and portfolio performance evaluation and commentary.
- Develop and maintain financial models to support decision making for Card Product initiatives.
- Collaborate with cross-functional teams, including: Finance, Consumer Product, Technology, Credit Risk, Model Risk Management and others, to ensure the alignment of financial goals and tools with business strategies.
- Utilize multiple tools including Alteryx, Tableau, SAS and SQL to analyze data and provide insights on project performance and financial health.
- Prepare reports and presentations for senior management, clearly communicating financial insights and recommendations.
Required Qualifications:
- Excellent communication skills and the ability to work collaboratively with cross-functional teams
- Detail-oriented with strong organizational and problem-solving skills
- 2 years’ experience with financial planning, analysis and reporting
Desired Qualifications:
- Experience in credit card product valuations and analysis
- Bachelor’s degree in Finance, Accounting, or a related field
- Experience with Alteryx, SQL, SAS, Power Query, VBA and/or Tableau
- Independent problem solver based on business knowledge and experience
Skills:
- Attention to Detail
- Business Process Analysis
- Collaboration
- Data Quality Management
- Reporting
- Data Visualization
- Financial Analysis
- Financial Forecasting and Modeling
- Financial Processing
- Prioritization
- Analytical Thinking
- Business Acumen
- Business Case Analysis
- Critical Thinking
- Decision Making
Shift:
1st shift (United States of America)
**Hours Per Week: **
40
Pay Transparency details
US - NJ - Pennington - 1400 American Blvd - Hopewell Bldg 4 (NJ2140)
Pay and benefits information
Pay range
$83,500.00 - $121,800.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.