Senior Finance Analyst Planning and Analysis (Global Technology Finance) Centralized Accruals Team

Charlotte, VT - USA

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace attracting and developing exceptional talent supporting our teammates physical emotional and financial wellness recognizing and rewarding performance and how we make an impact in the communities we serve.

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.

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

Job Summary:
This job is responsible for more complex financial activities involving the consolidation of the banks 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.

Line of Business Job Description:

The GTOF Centralized Accruals Team is responsible for managing accruals and prepaids across GT&O Finance. This includes supporting the use and maintenance of the internally developed Centralized Accruals Financial Application (CAFA) for managing third-party expenses.

As an Accrual Accounting Analyst you will play a key role in supporting monthly close activities including preparation of journal entries execution of controls and balance sheet analysis. You will partner with finance teams and business stakeholders to ensure compliance with GAAP standards and internal policies. Additionally you will assist with maintaining and improving CAFA functionality in collaboration with Global Technology partners and contribute to process enhancements and automation initiatives.

A successful candidate will demonstrate:

Foundational knowledge of accounting and finance principles
Strong attention to detail and organizational skills
Ability to work collaboratively and communicate effectively with cross-functional teams
Initiative to learn adapt and contribute to process improvements

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
Manage accrual activities and CAFA application operations maintaining accuracy and operational continuity
Conduct balance sheet back testing for GT&GO prepaid and accrual accounts to ensure compliance
Partner with finance teams to refine and harmonize accrual processes across the organization
Provide training and guidance to stakeholders on best practices and system usage
Support system upgrades and automation projects to strengthen accrual-related capabilities
Champion continuous improvement by streamlining processes and driving operational excellence

Required Qualifications:

2-5 years in Finance or related industry experience
Proficient in Microsoft Office products with emphasis on strong Excel (macros pivot tables look-ups and filtering) and PowerPoint
Strong financial background
Well organized and strong attention to detail
Seeks to build relationships and collaborate with teammates
Strategic thinker with the ability to understand complex business challenges and potential solutions
Strong organization skills and ability to manage large processes
Strong written and oral communications skills
Possess intellectual curiosity and the desire to learn and improve our influence as a support partner
Self-starter able to work in a fast-paced environment

Desired Skills and Qualifications:

Bachelors degree in Finance or Accounting
Accrual accounting and/or GAAP experience
SAP / eLedger / Essbase experience

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:

Required Experience:

Senior IC

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 is core...

Job Description:

Line of Business Job Description:

A successful candidate will demonstrate:

Foundational knowledge of accounting and finance principles
Strong attention to detail and organizational skills
Ability to work collaboratively and communicate effectively with cross-functional teams
Initiative to learn adapt and contribute to process improvements

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
Manage accrual activities and CAFA application operations maintaining accuracy and operational continuity
Conduct balance sheet back testing for GT&GO prepaid and accrual accounts to ensure compliance
Partner with finance teams to refine and harmonize accrual processes across the organization
Provide training and guidance to stakeholders on best practices and system usage
Support system upgrades and automation projects to strengthen accrual-related capabilities
Champion continuous improvement by streamlining processes and driving operational excellence

Required Qualifications:

2-5 years in Finance or related industry experience
Proficient in Microsoft Office products with emphasis on strong Excel (macros pivot tables look-ups and filtering) and PowerPoint
Strong financial background
Well organized and strong attention to detail
Seeks to build relationships and collaborate with teammates
Strategic thinker with the ability to understand complex business challenges and potential solutions
Strong organization skills and ability to manage large processes
Strong written and oral communications skills
Possess intellectual curiosity and the desire to learn and improve our influence as a support partner
Self-starter able to work in a fast-paced environment