The FP&A Analyst will create financial reporting and analysis in support of the Financial Manager, FP&A in their direct conversations with Valley business line leaders. The FP&A Analyst will develop an understanding of Valley business lines and contribute to variance analysis. They also support strategic decision-making by deriving insights from financial and non-financial data to enhance business strategies. The role requires close collaboration with teammates and line of businesses.
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Responsibilities include but are not limited to:
- Develop understanding of Valley's financial and reporting systems.
- Perform financial and variance reporting and key performance indicator tracking for Valley business lines. Conduct comprehensive financial analysis, including budgeting, forecasting, variance analysis, and financial modeling.
- Analyze financial data and support the creation of financial models, dashboards and projections for decision making.
- Collaborate with FP&A Manager to support their development of the annual budget.
- Collaborate cross-functionally on budgets, forecasts, and strategic initiatives.
- Collaborate with various departments to gather relevant financial data, ensure data consistency, and develop accurate forecasts and budgets.
- Report on financial performance and participate in regular leadership reviews. Support leadership through analytical solutions, financial analysis, and reports.
- Analyze past results, perform variance analysis, identify trends and make recommendations for improvement.
- Prepare and distribute monthly reporting, highlighting key trends, insights, and recommendations.
- Evaluate financial performance by comparing and analyzing actual results against budget.
- Identify and drive process improvements, including the creation of standard and ad-hoc reports, tools, and Excel dashboards Assist in the development of long-term financial plans, including capital expenditure planning and resource allocation.
- Increase productivity by developing automated reporting/forecasting tools. Automate reporting processes using financial systems and build strong partnerships across business units.
- Develop a strong financial analysis foundation creating forecasts and models Analyze financial performance against key performance indicators (KPIs) and provide actionable recommendations for improvement.
- Assists management with ad-hoc reporting and requests from the line of business.
Required Skills:
- FP&A experience ideally in the financial institution space (financial analysis and reporting, budgeting and forecasting).
- Understanding of bank financial statements and key accounting principles.
- Self-motivated but able to succeed both independently and as part of a team.
- Strong written and verbal communication skills and the ability to build productive and co-operative relationships.
- Highly motivated and analytical individual with attention to detail, accuracy and efficiency.
Ability to manage multiple workstreams but be sufficiently nimble to focus energies on most in-demand items. - Technical experience with Excel and financial accounting systems.
Required Experience:
- Bachelor's Degree in Business, Finance, Accounting, or other related field.
- Minimum of 1 year in the financial industry.
Preferred Experience:
- Financial Services or Banking experience.
Exact compensation may vary based on skills, experience, and location.
$62,300.00
$105,100.00
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Valley National Bank
$62,300.00-$105,100.00
Mar 01, 2025