Job Description
FINANCIAL ANALYST SENIOR WHAT IS THE OPPORTUNITY?
Works with the Group Finance Manager(s) to perform monthly financial reporting and performance analysis, develop quarterly financial forecasts, coordinate and prepare annual budgets, and perform ad hoc analysis and reporting, business case analyses, and other special projects
What you will do
- Budgeting and Forecasting:
- Lead the preparation of annual budgets and periodic forecasts for the retail banking segment.
- Collaborate with cross-functional teams to align financial goals with business objectives.
- Monitor and report variances between actual performance and budget/forecast.
- Financial Analysis and Reporting:
- Develop and present detailed financial analyses, including profit and loss statements, balance sheets, and cash flow projections.
- Track and analyze key performance indicators (KPIs) such as loan growth, deposit trends, and net interest margin.
- Provide actionable insights to senior management on financial trends and risks.
- Strategic Planning and Modeling:
- Support long-term strategic planning by creating robust financial models for business scenarios, new initiatives, and market opportunities.
- Analyze the profitability of banking products and services, identifying opportunities for optimization.
- Performance Monitoring:
- Partner with business units to evaluate financial performance and recommend improvements.
- Conduct monthly and quarterly reviews to assess divisional performance against goals.
- Process Improvement:
- Identify and implement improvements in financial planning processes and systems.
- Leverage technology to streamline data collection, analysis, and reporting.
- Decision Support:
- Act as a subject matter expert for the finance team, consulting with business partners to ensure they understand financial information and make sound decisions.
- Project Management:
- Participate and support ad-hoc special projects and requests as needed, ensuring timely and accurate delivery of initiatives.
Must-Have*- Minimum of 5 years of financial analysis experience required
- Minimum of 5 years of experience working with financial software and tools, including Excel (data preparation, xlookup, sumifs, index match), ERP systems
Skills and Knowledge - Bachelor's degree in Finance, Accounting, Economics, or a related field and MBA or CPA/CFA preferred.
- Banking or financial services industry experience preferred; Big Four experience a plus
- Strong knowledge of FP&A practices, financial modeling, and strategic planning.
- Familiarity with retail banking operations, products, and regulations.
- Strong problem-solving abilities and attention to detail, capable of handling multiple projects simultaneously.
- Self-starter, excellent communication and presentation skills, capable of influencing stakeholders.
- Ability to manage multiple priorities in a fast-paced environment.
- Collaborative mindset with a proactive approach to challenges and opportunities.
Compensation Starting base salary: $87,027 - $138,965 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit cnb.com.
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
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