Senior Associate, Financial Analysis

Sallie Mae Inc (SLM Corp) - Sterling, VA

Full-time - Entry Level

Hybrid - Sterling, VA

Credit Intermediation and Related Activities

About the position

The Senior Associate, Financial Modeling & Analysis will be responsible for supporting the development of financial models, conducting analysis, and providing insights to support key business decisions. This role is crucial in assisting with strategic planning, budgeting, forecasting, and decision-making processes, ensuring that the financial data is accurate and timely. The position emphasizes collaboration with the finance team and other stakeholders to gather relevant data and streamline financial reporting processes, while also identifying opportunities for process improvements and automation.

Responsibilities

• Assist in the development and maintenance of financial models to support strategic planning, budgeting, forecasting, and decision-making processes.
• Conduct financial analysis, including variance analysis, performance tracking, and scenario modeling, to provide insights and recommendations.
• Collaborate with the finance team and other stakeholders to gather relevant data and ensure accurate and timely financial reporting.
• Support senior team members in analyzing financial performance, risks, and opportunities, and contribute to the development of financial strategies.
• Assist in streamlining financial reporting processes, ensuring data integrity, consistency, and compliance with accounting standards.
• Identify opportunities for process improvements and automation to enhance efficiency in financial modeling and analysis.

Requirements

• Strong analytical skills, with the ability to interpret and analyze financial data accurately.
• Strong documentation and writing skills with the ability to accurately capture details in writing that describe complex programming code and processes.
• Proficiency in data querying and reporting skills specifically SQL and SAS programming skills.
• Knowledge of Current Expected Credit Losses (CECL) and loan loss allowance frameworks.
• Experience with data visualization tools such as Power BI or Tableau.
• Proficiency in Microsoft software such as Excel, PowerPoint, Power Automate, and Visio.
• Excellent communication and presentation skills, with the ability to effectively convey financial concepts to stakeholders.
• Detail-oriented mindset, ensuring accuracy in financial analysis and reporting.

Nice-to-haves

• Bachelor's degree in finance, accounting, economics, or a related field.
• 3 years of experience in financial analysis, with exposure to financial modeling.

Benefits

• Competitive base salaries
• Bonus incentives
• Generous PTO, Floating Holidays and 12 Federal Holidays observed
• Support for financial-well-being and retirement 401k with employer match
• Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
• Employer paid short-term/long-term disability and basic life insurance
• Flexible hybrid working arrangements
• Paid parental leave and adoption reimbursement programs
• Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
• Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
• Tuition Reimbursement and Family Scholarship Programs
• Career development and training opportunities