Senior Finance Analyst - Compensation and Benefits Finance - Incentives

Senior Finance Analyst - Compensation and Benefits Finance - Incentives

Charlotte, North Carolina

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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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

This job is responsible for more complex financial activities involving the consolidation of the bank's month-end close, planning, forecasting and capital processes. Key responsibilities include performing forecasting, profitability analysis, financial reporting, and trend analysis using advanced modeling /software skills and assisting with ad hoc requests. Job expectations include working with key planning and analysis partners on small projects, research, and evaluations of financial performance while maintaining Operational Excellence and a controls discipline.

The Senior Financial Analyst within the Compensation and Benefits Finance Team. The role offers an enterprise-wide view of a highly dynamic, visible and critically important part of the company’s expense base. Skills gained from the role include a deep understanding of how incentive compensation expense works across the firm including how business performance and executive decisions impact expense results. The role offers opportunity for visibility, exposure and collaboration with partners across HR, Corporate Treasury and Finance.

Responsibilities:

• Reviews, challenges, and reports on forecasts and budgets by comparing current performance against plan, prior periods and prior forecasts, and evaluating current and future performance trajectory

• Compiles financial information from a Line of Business (LOB) and consolidated perspective for presentation to stakeholders

• Develops financial management dashboards, reports, presentations, ad hoc analysis, and research using Microsoft Office Suite and Emerging Technology tools

• Collaborates with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures with limited oversight

• Supports new and ongoing projects and strategic initiatives by helping to create new processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities

• Exhibits strong attention to detail and applies analytical thinking and problem solving to deliverables while collaborating with key stakeholders and partners

Primary responsibilities will include but not be limited to the following:

• Preparation of the enterprise-wide incentive compensation forecast including coordination among the HR compensation team and line of business (LOB) finance teams.

• Analysis of performance variance and drivers across all lines of business.

• Preparation of reporting and analysis to aid board level decisions.

• Preparation of incentive and capital inputs into the enterprise stress testing process

• Ad-hoc analysis, including research and analysis for HR teams and LOB finance partners.

To be successful, a candidate should be detail oriented with the ability to produce accurate, sustainable and well controlled analysis. The ability to understand how key variables and business decisions impact results and communicate those impacts in a clear and concise manner is critical. Also important is the ability to identify and implement opportunities to streamline/error proof critical processes.

Required Qualifications:

• Bachelor's degree, in accounting or finance, or relevant work experience

• Detail oriented with track record of accuracy in high visibility/impact responsibilities

• Analytical Abilities / Financial Acumen - Systematic application of a combination of inductive and deductive reasoning to examine information, interpret results and arrive at well-founded logical conclusions. Analyze and communicate how business decisions impact financial results.

• Organization and the ability to juggle multiple tasks and responsibilities

• Advanced excel skills

• Experience processing and visualizing large data sets

• Strong communication, organization, presentation, analytical and leadership skills

• Builds Partnerships - Builds broad-based business relationships across the organization. Skillfully influences peers and colleagues to promote and sell ideas. Proactively surfaces and resolves conflict with minimal noise.

Desired Qualifications:

• Knowledge of eLedger tools

• Working knowledge of Alteryx and Tableau

• Experience loading forecast

• Financial planning, analysis and reporting experience

• Knowledge of incentive compensation accounting

Skills:

• Analytical Thinking

• Attention to Detail

• Financial Accounting

• Financial Processing

• Consulting

• Critical Thinking

• Financial Forecasting and Modeling

• Reporting

• Scenario Planning and Analysis

• Business Acumen

• Business Analytics

• Influence

• Prioritization

• Problem Solving

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

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