Job Title:       Financial Analyst– USA

Industry:        Banking / Financial Services

Location:       USA

Salary:           Competitive Salary Package + Benefits

Job Brief:

The Bank’s Finance Department is responsible for financial, regulatory and management reporting, as well as budgeting, performance management, business intelligence and related activities. The department has four primary focus areas i.e. Support the CEO in strategy development and execution,

Timely and accurate provision of MIS reports and performance management, financial accounting and Regulatory reporting.

Job Summary:

This role reports to the CFO / Head of Finance Department and is responsible for expense management, fixed assets management, account reconciliations, p r e p a r a t i o n of M I S and performance reports as well as contribute to the design and implementation of process improvement initiatives. The role also provides necessary daily support to the Department Head and acts as backs up to other Finance activities. The incumbent of this position shall be responsible for adhering to the provisions stated in the Employee Accountability Policy Statement.

Essential Functions & Accountabilities

Expense Management

• Accountable for job performance actions, which includes decision(s) impacting position responsibilities conforming to the bank’s risk appetite and tolerance levels as articulated in the bank's Risk Appetite & Tolerance Framework, mitigating violations or breaches to the bank’s risk appetite in the exercise of their empowerment and the achievement of desired job performance outcomes as directed by Management.
• Accounts payable: Manage the accounts payable function, including processing payment of all invoices in a timely manner.
• Expense policies and procedures: Manage accrual, prepaid expense and accounts payable policies, including amending procedures as required and maintaining quality up-to-date documentation.
• Expense analysis: Primary responsibility for analysis of expenses, including breakdown of historical spend, trend analysis and budget variances analysis. Respond to inquiries related to expenses with quick TAT.
• Expense budget: Primary responsibility for preparation of the annual expense budget, including presenting historical data to departments and performing analytical review on their submissions.
• Transparency: Ensure maximum transparency in the accounting records for expenses, including design of chart of accounts, GL entry narratives and QuickBooks field input - with a view to reduce TAT for inquiries and analysis.
• Tax information reporting: Prepare 1099s, respond to external requests, maintain records for all vendors and ensure receipt of W-9s from all new vendors.
• Process improvements: Primary responsibility for identification and initiation of process improvement requirements related to expense management, including but not limited to transition to the Paperless platform, converting the QuickBooks database so it supports expense analytics, expense account reconciliation and sales tax reporting.

Fixed Assets Management

• Reporting: Ensure correct posting of asset acquisitions, disposals and depreciation in the GL; produce roll forward schedules as required.
• Capital budget: Prepare annual capital expense and depreciation budget; monitor capital project spends through collaboration with other departments.
• Physical count: Ensure that physical counts are performed as per policy and is reperformed when assets are moved to new locations.
• Process improvements: Primary responsibility for process improvements related to technology that supports the fixed assets management function, including but not limited to transition to the Sage platform, converting the Sage database so it supports capital expense analytics and capital expense account reconciliation.

Strategy, Budgeting and Performance Management

• Contribute to development and periodic review of Strategic Business Plan
• Support the CFO in the development of the annual budget;
• Analytics: Assist CFO and Controller with various analysis, including budget to- actual variance analysis, investigation of drivers of financial statement positions.
• Conduct monthly monitoring of budget achievement and prepare variance reports.
• Analyze business performance and prepare performance management reports.
• Monitor dormant and inactive accounts and escheatment of abandoned properties.

Reporting

• Daily reporting: Produce certain daily reports including currently the daily CED/Due to & from HO report, and other distributions required by the bank. Work with IT and Group Finance to strive to replace these distributions with automated solutions wherever possible.
• Financial close: Support the Controller in the daily, month-end and year-end financial close processes, including journal entry preparation, general ledger review etc.
• Other reporting: Assist Controller in the preparation of internal and external reports, including financial statements, regulatory reports, budget, audit, and ad hoc reports as needed by management, Head Office or regulators.
• Analytics: Assist CFO and Controller with various analysis, including budget-to- actual variance analysis, investigation of drivers of financial statement positions.
• Presentations: Support CFO by producing and updating management reporting decks, including slides and graphics for same.

Other

• Process improvement: Continually assess and design procedure and process improvements that automate and/or reduce TAT of the Core Job Responsibilities.
• Organization: Ensure that Finance materials related to Core Job Responsibilities are well-organized and easy for colleagues to follow; maintain transparent structure of network folders, name network files thoughtfully and file paperwork promptly.
• Audit support: Prepare audit deliverables for Head Office, internal and external auditors and regulators; submit same to Controller for 4-eye review.
• Perform ad hoc tasks as assigned by Management.

General Responsibilities

• Comply with all legal and regulatory requirements for employees, including BSA/AML requirements, timely completion of compliance training, reporting of all suspicious transactions and planning block time.
• Protect the integrity of the Bank by abiding by the Group Code of Conduct and Bank HR and governance policies and ensuring that the Bank operates in accordance with legal and regulatory requirements.
• Promote and demonstrate a positive and professional work atmosphere.
• Maintain excellent relationship with vendors, contractors, consultants and colleagues.
• Maintain a high degree of integrity, accuracy, dependability, and confidentiality.
• Perform other tasks as assigned by management from time to time.

Required Skills & Competences

• Strong critical thinking skills with attention to detail.
• Strong oral and written communication skills.
• Strong analytical, business writing and presentation skill
• Enthusiastic team player.
• Intermediate Financial Accounting Skills

Minimum Qualifications

• Bachelor’s degree in accounting or finance
• Financial Analyst or Accounting Certifications
• Minimum of Five years’ accounting experience, preferably in a US bank, Advisory and Consulting firm.
• Experience in bookkeeping with demonstrated experience in multiple areas of finance and accounting.
• Knowledge of US GAAP
• Strong MS Office skills, proficient in Excel and PowerPoint