Finance Analyst - Corporate Banking

Citizens • Westwood, MA • 6h ago

Description

In this role at Citizens, you'll experience new things, create new opportunities, think beyond your role, and make an impact.

Commercial Banking offers Citizens corporate and institutional clients a full range of wholesale banking products and services, including lending and deposits, capital markets (loan, debt, equity), M&A advisory, treasury & payment services, foreign exchange, interest rate and commodity hedging.

As the Finance Analyst - Corporate Banking, you will provide financial performance reporting and analytics focused on the underlying drivers of client and financial trends to inform monthly forecasts and overall business strategy. You will work collaboratively with Finance Managers on the team to provide financial decision support to executive leadership of the Corporate Banking business and will be responsible for continuously consulting business partners and researching trends to ensure key performance metrics and forecasts are up to date.

As part of our team, you're made ready for a fulfilling career with exciting new challenges and opportunities to stretch yourself!

Primary responsibilities include

Partner with line of business leadership to create monthly earnings forecasts that reflect the anticipated net interest margin, fee income, operating expenses and credit provisions that align with the anticipated interest rate and economic scenarios.

Track the key drivers of changes in the commercial loan portfolio such as new originations, re-financings, changes to line utilization rates, disintermediation to the debt markets, and maturities in order to inform forecasts of changes to the size of the balance sheet.

Support balance sheet optimization efforts to achieve the proper balance between liquidity, risk, pricing and returns. Identifying and tracking opportunities to redeploy capital is an important component of this effort by maintaining financial profiles of new credit originations as well as client exits in order to track progress of redeploying capital to more attractive opportunities.

Prepare monthly financial performance reporting comparing results to forecast, budget and prior periods; a key deliverable is insightful variance commentary that highlights differences at a detailed driver level.

Support of the annual budget and strategic planning processes, including the creation of financial models and documentation of key assumptions, reflecting the input of line of business management.

Maintain a strong control environment by completing the month-end financial close including the identification of financial issues, risks and opportunities and synchronizing the financial impacts in monthly forecasts.

Qualifications, Education, Certifications and/or Other Professional Credentials

Required Qualifications

Bachelors degree in Finance, Accounting, Economics or related discipline.

Excel based financial modeling experience.

Exceptional problem solving and communication skills.

Understanding of macroeconomic principles.

Ability to multi-task and build strong partnerships with key stakeholders.

Preferred Qualifications

Knowledge of Essbase financial reporting platform.

Hours & Work Schedule

Hours per Week: 40

Work Schedule: M-F (Hybrid - 3 days in office)

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.

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