Truist Financial - Charlotte, NC
posted 4 months ago
About the position
In this role, you will direct and manage a team of highly experienced accountants, analysts, and managers, overseeing a variety of complex financial analysis and reporting activities. Your leadership will be crucial in the development, design, implementation, and ongoing management of assigned financial analysis processes. You will provide training and guidance to your subordinates, helping them understand, analyze, and report on complex financial activities and metrics. Monitoring assigned activities for compliance with established corporate and accounting policies and standards will be a key responsibility. You will be tasked with completing, reviewing, and interpreting a variety of complex financial and business analyses, including financial ratios, trends, revenue performance, and expense management. Establishing deadlines and data submission requirements for other departments will ensure the timely and accurate preparation of analyses. You will also be responsible for communicating any changes to deadlines or requirements promptly. Identifying potential new business strategies and analyzing alternatives will be essential, as you present recommendations to senior leadership. Your role will involve providing financial analysis for projects and initiatives that may impact financial reporting. You will review and analyze summary results and trends for inclusion in various reports to Senior and Executive Leadership. Collaboration across the Finance division will be necessary to ensure the integrity of financials and sound controls and procedures. You will support reporting and analysis for additional constituencies, including the Board of Directors, Investor Relations, and various regulatory agencies. As a Financial Manager, you will coordinate the financial analysis and reporting process workflow within your team. Providing leadership and mentoring for less experienced team members will be vital to improving their technical expertise. You will ensure that changes to reporting process workflows and data sources are documented and communicated to downstream reporting groups. Compiling, reviewing, analyzing, interpreting, and submitting timely and accurate monthly reporting related to the company's financial performance or strategy will be part of your responsibilities. This may include income/expense or cash flow forecasts, regulatory interpretations, variance analysis, and summaries of data to highlight key results. You will ensure that source data is reliable and complete, maintaining documentation to support data integrity initiatives. Your expertise will be crucial in interpreting and summarizing results and trends for Senior Leadership. You will apply your knowledge of best practices to solve problems of higher operational or technical complexity, leading analyses of possible solutions using data analysis, experience, judgment, and precedents. Taking a new perspective on existing solutions to propose innovative solutions will be encouraged, as will the initiation of long-term solutions. Preparing and reviewing materials for senior leadership will involve summarizing issues and communicating solutions effectively. You will provide thought leadership and guidance to junior teammates on monthly financial close, forecasting, and annual financial planning processes. Updating and automating the retrieval of financial information through spreadsheets and databases will be part of your role, as will developing and testing economic models. You will maintain necessary documentation of source data and ensure adequate support for data integrity. As a subject matter expert on regulatory reporting requirements and accounting flow, you will monitor financial performance for specified business units to detect unusual or significant changes in transactions or business trends. You will independently prepare presentations regarding new business initiatives with minimal guidance and leverage working relationships with supported business areas and cross-functional departments to complete complex tasks and deliver high-quality work. Coordinating with internal and external audits and examinations will be necessary, as will reviewing and updating policies and procedures for compliance with regulations and corporate standards. You will assist in risk management governance and business continuity planning processes as needed.
Responsibilities
- Direct and manage a staff of accountants, analysts, and managers in financial analysis and reporting activities.
- Provide leadership in the development and management of financial analysis processes.
- Train and guide subordinates in analyzing and reporting complex financial activities.
- Monitor activities for compliance with corporate and accounting policies.
- Complete and review complex financial analyses, including financial ratios and trends.
- Establish deadlines and data submission requirements for timely preparation of analyses.
- Communicate changes to deadlines or requirements promptly.
- Identify new business strategies and present recommendations to senior leadership.
- Provide financial analysis for projects with potential reporting impact.
- Review and analyze summary results for reports to Senior and Executive Leadership.
- Collaborate across the Finance division to ensure financial integrity and sound controls.
- Support reporting and analysis for the Board of Directors and regulatory agencies.
- Coordinate financial analysis and reporting process workflow within the team.
- Mentor less experienced team members to improve their technical expertise.
- Document and communicate changes to reporting workflows and data sources.
- Compile and submit timely monthly reporting related to financial performance.
- Ensure source data reliability and maintain documentation for data integrity.
- Interpret and summarize results for Senior Leadership.
- Apply best practices to solve complex operational problems.
- Prepare materials for senior leadership summarizing issues and solutions.
- Provide guidance on financial close, forecasting, and planning processes.
- Update and automate financial information retrieval using spreadsheets and databases.
- Develop and test economic models.
- Maintain documentation of source data for data integrity support.
- Monitor financial performance for business units to detect significant changes.
- Prepare presentations on new business initiatives with minimal guidance.
- Coordinate with internal and external audits and examinations.
- Review and update policies for compliance with regulations and standards.
- Assist in risk management governance and business continuity planning.
Requirements
- Bachelor's degree in financial-related discipline or equivalent education and training.
- 3-5 years of experience in financial management at a large financial institution.
- Strong work ethic and commitment to quality.
- Strong verbal and written communication skills.
- Demonstrated proficiency in Microsoft Office software products.
- Bachelor's degree in Accounting or Finance or equivalent education and training.
- Eight years of relevant accounting or finance experience including complex financial analysis.
- Ability to work independently with minimal guidance.
- Proactive in completing tasks and producing deliverables.
- Comprehensive understanding of business and organizational strategies.
- Ability to build consensus through effective communication and presentation.
- Strong analytical and problem-solving skills.
- Sound decision-making abilities.
- Demonstrated leadership skills in a team-oriented environment.
- Familiarity with GAAP.
- High proficiency in Microsoft Office applications, especially Excel, PowerPoint, Word, and Outlook.
- Financial modeling experience.
Nice-to-haves
- Supervisory experience.
- Certified Public Accountant, Certified Management Accountant, or Chartered Financial Analyst certification.
- Master's degree or MBA.
- Specific financial services or specialized industry experience.
- Proficient in Essbase/Hyperion, EPM/BPC, or other enterprise accounting software.
- Experience with macros/VBA.
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Life insurance
- Disability insurance
- Accidental death and dismemberment insurance
- Tax-preferred savings accounts
- 401k plan
- Vacation days (minimum of 10 days)
- Sick days (minimum of 10 days)
- Paid holidays
- Defined benefit pension plan (depending on position)
- Restricted stock units (depending on position)
- Deferred compensation plan (depending on position)
