Expense Analyst, FP&A

Job Overview

PenFed is hiring a (Hybrid) Expense Analyst, FP&A at our Tysons, Virginia location. The Expense Analyst will act as an advisor to management across PenFed, providing guidance and influence to align departmental spending with PenFed's strategic goals. This role requires partnering with management to provide high-impact analysis that translates expense trends into executive-level narratives that drive bottom-line improvements, enhancing the value we provide our members. The Expense Analyst is a self-starter who is not only analytically strong but a confident communicator capable of transforming complex data into actionable business insights for senior leadership.

Responsibilities

Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties, and the position will perform other duties as assigned.

• Analyze and forecast expenses to enable senior level management to make effective decisions. Forecasting activities include producing monthly estimates, a midyear forecast, and an annual plan.

• Produce and present monthly reporting for review with senior level team members of PenFed Business Units helping them to understand results. Provide insight into variance analysis as needed.

• Manage relationships with technology and risk management departments, partnering with these organizations to forecast and manage expenses.

• Identify and track risks and opportunities, running scenarios as necessary, to enable business partners to make fully informed decisions and proactively manage their earnings.

• Load data into OneStream EPM system and check for accuracy.

• Identify ways to improve and automate reporting, create and track new reporting, performance metrics, and KPI's to help business units track their results.

• Use existing systems and collaborate with stakeholders to improve forecasting and reporting capabilities.

• Maintain and update expense, forecast, and budgeting models.

Qualifications

Equivalent combination of education and experience is considered.

• Bachelor's degree in finance, related field or the equivalent combination of training, education, and experience is required

• Master's degree in accounting, Finance, related field or the equivalent combination of training, education, and experience is preferred

• Minimum of two (2) years of relevant professional experience in consulting, financial services, banking, or credit unions.

• Strong data analysis skills are required.

• Strong Excel and PowerPoint skills required.

• Knowledge of coding, data visualization and analysis packages is preferred (e.g. SQL, Python, R, Tableau, Power BI, Power Query)

• Attention to detail and accuracy is a must.

• Intermediate research, analytical, and problem-solving skills

• Excellent communication skills to help team articulate expense results to senior management.

• Ability to work independently and in a team environment.

• Experience using AI tools is preferred.

Supervisory Responsibility

This position will not supervise employees.

Licenses and Certifications

There are no additional certifications required.

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.

Travel

Ability to travel is not required.

Pay Transparency

The anticipated starting salary range for this role is $52,200.00 - $93,112.00

This position is eligible for an organizational performance based annual bonus, subject to board discretion and approval.

This position is eligible for an individual performance based annual bonus.

#LI-Hybrid

Benefits

At PenFed, we offer a robust benefits package designed to support you both personally and professionally. You'll have access to comprehensive health, dental, and vision plans; paid time off; and family-friendly benefits like paid parental leave, care support, and fitness center access. Financial wellness is encouraged through features like a 401(k) match, employee loan discounts, and fully paid life and disability coverage. We also support growth via education assistance, community involvement, and volunteer opportunities.

Our Purpose

Helping members achieve their dreams since 1935. Pentagon Federal Credit Union (PenFed) is one of America's largest federal credit unions, serving 2.8 million members worldwide with $29 billion in assets. PenFed offers market-leading certificates, checking and savings, credit cards, personal loans, mortgages, auto loans, and a wide range of other financial services, always with members' interests in mind. PenFed is federally insured by the NCUA and is an Equal Housing Lender.

Equal Employment Opportunity

PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same. PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at [email protected] .