Senior Financial Analyst - Financial Business Support

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:
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.

This role provides high visibility to internal stakeholders and will provide opportunities for career growth within the position.  Throughout the tenure of the role, the teammate should gain knowledge, exposure, and overall business acumen to support bank-wide Finance management, SEC and regulatory compliance and reporting, and work on international lease accounting topics.

ASC 842 requires we support journal entries, account reconciliations, documentation and administration of SOX controls, disclosure requirements, and handle all compliance and audit requests. Sr. Financial Analyst will be expected to work with procurement area, Line of Business partners, and finance partners across the bank.

The Sr. Financial Analyst will assist in documenting and executing Lease accounting processes and controls, as well as liaise with the third party administrator and Corporate Accounting Policy. The individual will need to be able to analyze vendor contracts and be able to process whether or not a lease exists within the contract. The individual will operate lease accounting software, design and use accounting reports, review journal entries, and support account recons.  

Global Technology and Operations Finance (GTOF) seeks a qualified individual to support ASC 842 FASB standards for Lease Accounting and assist with the on-going process.  The successful candidate will work in the Forecasting, Reporting, Analytics and Controls team, which supports the bank’s global technology infrastructure CTO organization, reporting to the finance manager.

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

 Required Skills:

• Accounting or Finance degree or applicable work experience
• Minimum 2 years accounting experience
• Intermediate knowledge of Excel
• Experience with Contract Analysis
• Ability to prioritize and manage multiple projects with tight deadlines
• Strong analytical skills with the ability to research and solve problems
• Ability to work independently with limited oversight

Desired Skills:

• Sarbanes Oxley and/or Audit Experience a plus
• Familiarity with SAP and Essbase
• Understanding of Embedded Leases in accordance with ASC 842
• Working knowledge of accounting and financial reporting for lease transactions (ASC 842)

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:

Hours Per Week: