Description

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 Description:

The role is responsible for serving as a forecast analyst which includes revenue forecasting for baseline, stress testing, and month-end deliverables. The candidate will work closely with Treasury, Product & Pricing, Model Risk and other partners to successfully deliver on work product. The role provides an opportunity to gain knowledge, exposure, and acumen to the Secured businesses as well as all other Consumer and GWIM products. Generally, the work routine occurs along the corporate timeline, with ad hoc projects in between.

Key Responsibilities:

• Create forecast by comparing current performance against plan, prior periods, prior forecasts, and evaluating current performance trends.
• Assist Product Leader with decision making by synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics
• Assist in model development, re-engineering and methodology improvement.
• Collaborate with individuals on the Secured Lending team as well as teams across the Regional Banking and Wealth Management group.
• Support new and ongoing projects and strategic initiatives through operational excellence, including automation and simplification measures.

Additional Information:

The Secured Lending Revenue Horizontal Products Reporting, Analysis & Forecasting Team is part of the Regional Banking and Wealth Management (RB & WM) CFO organization. The primary purpose of the team is to provide finance support for Consumer and GWIM Secured lending products (Mortgage, Home Equity, Vehicle Lending and Wealth Management Structured Lending). The team provides reporting, forecasting and stress testing, analytics (business cases, product profitability, analytics, etc.) and business partnering support. The overall team engages with other CFO teams and multiple partners groups. Partners include Line of Business (LOB) / Business Financial Officer (BFO) / Controllers / Enterprise Stress Testing teams / Treasury teams, among many others. The Forecast tower team owns several processes and is responsible for the models and production for each product baseline forecast and stress testing scenarios.

Required Qualifications:

• Well organized and strong attention to detail
• Demonstrate strong technical and analytical skills
• Strong communicator (verbal and written) with ability to influence
• Strong organizational skills and be able to work independently.
• Adaptable, ability to in a fast paced, results/deadline driven environment with changing priorities
• Strong knowledge of Excel
• Seek to build relationships and collaborate with teammates
• Strategic thinker with the ability to understand complex business challenges/potential solutions
• Manage operational risk by building strong processes and quality control routines

Desired Qualifications:

• Minimum of 5+ years of financial analysis experience
• Experience with the forecasting process and building forecast models in Excel
• Familiarity with eLedger, Essbase, Emerging technologies such as Alteryx, and ForecastConnect
• Quantitative / statistical skills
• Demonstrate intellectual curiosity and be able to communicate effectively in a matrix organization.
• Bachelor's degree

Skills:

• Attention to Detail
• Business Process Analysis
• Collaboration
• Data Quality Management
• Reporting
• Data Visualization
• Financial Analysis
• Financial Forecasting and Modeling
• Financial Processing
• Prioritization
• Analytical Thinking
• Business Acumen
• Business Case Analysis
• Critical Thinking
• Decision Making

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - NJ - Pennington - 1400 American Blvd - Hopewell Bldg 4 (NJ2140)

Pay and benefits information

Pay range

$83,500.00 - $121,800.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.