Location:
127 Public Square - Cleveland, Ohio 44114
Job Description Finance Director-Business Banking Segment
ABOUT THE JOB (JOB BRIEF)
The Finance function is responsible for partnering closely with business leaders in the Business Bank line of business to drive execution activities, business strategies, and financial performance. The Finance Director is expected to perform a mix of traditional financial planning, reporting, and analysis along with taking a hands-on approach to strategy development and execution - for both shorter term initiatives and long-term planning. This role should serve as a critical resource to leaders within the businesses we support, grounded in the financials with a thorough and durable understanding of the broader strategic landscape. This role also requires strong partnership with HR, Data & Analytics, Corporate Treasury, Compensation, Strategy and the Finance Controllership and will require a high degree of focus on the development of direct reports and the broader team.
BUSINESS BANK
Business Bank has undergone a transformation to become a key strategic growth lever for the broader Consumer Bank. With a focus on growing low-cost deposits and payments revenue streams through sustained and meaningful client relationships, the Business Bank serves clients through both the branches, virtual RM and Core RM channels. Balancing the appropriate amount of investment to drive growth, simplification, and efficiencies is paramount for this business. In order to achieve this balance, the Business Bank team will require a Finance Manager that can help shape and share that vision and map the journey through financial modeling and metrics, performance management and incentive comp design, and investment tracking.
Robust financial scenario planning - In order to @contextualize potential technological and people investments and envision the path forward, financial business case scenarios and product profitability analyses need to be coordinated, built and properly communicated throughout the organization. The Finance Manager and team will play a leading role in that.
In depth financial forecasting and analysis - Through normal course of business, the Finance team is responsible for reporting on and analyzing the financial performance of the business, in addition to understanding, at a deep level, the business drivers of profitability in order to update P&L and balance sheet forecasts under changing business and environmental conditions.
Robust performance management - An individual in this role would be a driving force behind influencing and in some cases, implementing, robust performance measurements for the business. This includes reimagining financial performance management and reporting, as well as partnering with the business to develop and measure strategic financial and non-financial metrics.
Consult on incentive compensation and goaling - The Finance Manager is expected to provide thought leadership in the development of incentive compensation programs designed to support Business Banking, while maintaining a focus on the profitability of the business.
People leader and developer - This role will be part of the Finance organization, reporting into the CFO of the Consumer Bank. As part of the team, an individual would not only be expected to coach and develop their own team, but also analysts and peers on the broader Consumer team and within the rest of the finance organization.
ESSENTIAL JOB FUNCTIONS
·Finance Functions
Creation, execution, orchestration, critical review of executive-level reporting
Develop robust knowledge of internal accounting concepts (FTP, allocations) for sound reporting & financial management, and maintain an awareness of sound general accounting practices
Development of accurate, driver-based, actionable financial plans and forecasts
Accurate, timely, and trustworthy financial management
·Strategy Functions
Critical thinking and thought leadership on business strategies
Proactive competitive surveillance and research to @contextualize business strategies
Participation in the strategic planning process for our businesses & support of broader strategic planning
Active engagement in the execution of high-priority initiatives within our businesses
·Overlapping Functions
Relationship building with our business leaders, other supporting functions, external parties
Development, review, challenge, and tracking of business initiatives and associated forecasts
Strengthening of performance management routines and culture of accountability
Development of an unbiased, holistic, end-to-end view of our business' value chain
·Leadership Functions
Active contribution to professional growth of direct reports and our other team members
Focus on short- and long-term success of our team and businesses
Contribution of original ideas and proactive efforts to grow our collective knowledgebase
Contribution of original ideas and proactive efforts to grow our collective knowledgebase
Requirements and Skills:
Bachelors Degree in Finance, Accounting or Economics
Master's degree in business administration or Master's degree in finance highly Preferred
A minimum of 5 years working in financial services/banking required
Experience working with Business Banking segment, bank payments division, or commercial banking/middle market space
A minimum of 4 years of experience managing a FP&A function
A minimum of 3 years of people management experience
Proven experience as director of finance or similar role
In-depth knowledge of corporate finance and accounting principles, laws and best practices
Solid knowledge of financial analysis and forecasting
Proficient in the use of MS Office and financial management software (e.g. SAP)
An analytical mind with a strategic ability
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $160,000 to $215,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.
Please click here (http://www.key.com/kco/images/Key\Benefit\Eligibility_Chart.pdf) for a list of benefits for which this position is eligible.
Job Posting Expiration Date: 07/25/2025
KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
KeyBank is an organization collectively committed to helping you unlock your potential and discover what truly drives you. Working here means sharing our purpose to help our clients, colleagues, and communities thrive. You'll find genuinely supportive teammates, a flexible, inclusive work environment, challenging projects, accessible leaders, and opportunities to grow in your position and your career. For 200 years, Key has opened doors in our communities. Let us open one for you.
