Senior Financial Planning & Analysis (FP&A) Analyst

$107,171 - $136,019/Yr

CityFirst Bank - Washington, DC

Full-time - Mid Level

Washington, DC

51-100 employees

About the position

The Senior Financial Planning & Analysis (FP&A) Analyst at City First Bank plays a crucial role in supporting the bank's financial planning and analysis activities. This position involves collaboration with various departments to analyze financial data, prepare budgets, forecasts, and management reports, and provide insights to drive strategic decision-making. The analyst will lead the activation of strategy through financial plans, understand business performance, and work closely with executive leadership to develop metrics and financial models for effective analysis and reporting.

Responsibilities

• Work closely with business units to develop, monitor, and analyze annual budgets and quarterly forecasts.
• Provide insights into variances between actual results and budget/forecast figures.
• Conduct comprehensive financial analyses, including profitability analysis, trend analysis, and cost analysis.
• Assist in identifying key performance indicators (KPIs) to measure and improve financial performance.
• Prepare and distribute regular and ad-hoc management reports to senior leadership.
• Communicate financial performance trends and provide recommendations for improvement.
• Collaborate with business partners to support strategic planning initiatives.
• Contribute financial insights to assist in the evaluation of potential projects, investments, or business decisions.
• Develop and maintain financial models to support decision-making processes.
• Evaluate the financial impact of various scenarios and provide actionable recommendations.
• Analyze and monitor departmental expenses, highlighting areas for potential cost savings or efficiency improvements.
• Assist in the development and tracking of expense budgets.
• Work to enhance the accuracy of forecasting models through continuous improvement and refinement.
• Provide training and support to business units on forecasting best practices.
• Ensure that financial reporting and analysis activities comply with regulatory requirements and accounting standards.
• Stay updated on relevant regulatory changes impacting financial reporting.
• Collaborate with other departments, including Accounting, Risk Management, and Operations, to gather relevant financial data and insights.

Requirements

• Bachelor's Degree in Accounting, Business, Finance, or related field or equivalent experience.
• Minimum 4-6 years of directly related work experience in financial planning and analysis, preferably within the banking or financial services industry.
• Strong analytical and quantitative skills with proficiency in financial modeling.
• Excellent communication skills with the ability to present complex financial information clearly and concisely.
• Proficient in financial software and advanced knowledge of MS Excel.
• Knowledge of banking products, services, and regulatory environments.

Nice-to-haves

• CFP or CFA certification preferred.

Benefits

• Competitive salary range of $107,171 - $136,019 annually.