Head of FP&a – Enterprise Tech – Ops and Functions

Head of FP&a – Enterprise Tech – Ops and Functions

Requirements

• Bachelor’s degree in Business or Finance, or equivalent education and related training
• 10+ years of experience in financial analysis, corporate finance; good understanding of banking industry
• Intellectually curious and a critical thinker– wants to understand the ‘why’, listens well, and asks good questions
• Demonstrates exceptional analytical skills, coupled with strong data visualization skills to effectively communicate recommendations by presenting complex concepts/ideas in concise, easy-to-understand terms to senior leadership.
• Strong organizational skills and ability to multi-task; possess a strong work ethic and unyielding commitment to detail, excellence, and quality
• 10+ years of financial institution / bank experience
• Vision and drive to evaluate processes and reporting for efficiency, effectiveness, and continuous improvement
• Demonstrated ability to be flexible and adaptive in a fast-paced and dynamic work environment
• Strong interpersonal and communication (verbal and written) skills
• Demonstrated proficiency in basic computer applications, including Microsoft Office software products

Responsibilities

• Lead and manage the monthly corporate forecasting processes for specified lines of business (LOBs) and Enterprise Functions
• Lead review of Line of Business and functional inputs to understand trends, risks, and opportunities
• Refine processes each month with the goal of producing accurate and 50/50 forecasts
• Standardize, digitize, automate, and/or centralize as much of process as possible to allow for SFOs/forecasters to focus on higher value-added activities
• Evaluate and consider implementation for alternative forecasting models and tools that can replace, supplement, or provide effective challenge to Lines of Businesses and functions
• Communicate guidance and expectations clearly to end-users / forecasters
• Actively participate in month-end close efforts in partnership with Corporate Accounting
• Ensure strong partnership with Corporate Finance and Performance Management and Investor Relations in the creation of quarterly and annual guidance
• Responsible for developing the annual budget and 3-year strategic plans, in addition to longer-term forecasts when needed
• Conduct ad-hoc Scenario analysis that incorporates upside/downside economic scenarios in addition to other alternative scenarios
• Create high quality financial reporting (standard and ad-hoc) to Executive Leadership to ensure clarity on financial performance trajectory, including risks and opportunities for respective LOBs and Enterprise Functions
• Perform variance analysis comparing actual results to plan, recent forecasts, external guidance, and consensus
• Provide insightful variance explanations to Executive Leadership for performance assessment and strategic decision-making
• Conduct financial analysis, as needed, to evaluate BAU activities, organic revenue and/or cost saving opportunities, M&A activities, and/or investment opportunities
• Ensure strong performance of financial systems and databases, including opportunities for automation, in partnership with Accounting & Reporting, Controllers, and SFOs
• Lead improvements to the planning and forecasting system based on input from key business partners. Partner with Enterprise Technology to implement changes and lead the training of the enhancements
• Ensure strong governance framework including strong execution & maintenance of key policies, procedures, and controls
• Lead and build a high-performing team that works well together, has clear roles/responsibilities/expectations, is empowered to continuously improve, is highly engaged and cares for each other
• Work across Corporate Finance and Strategy, Line of Business CFOs, Corporate Treasury, Accounting/Reporting/Tax and other teams to ensure alignment – vertical, horizontal, and diagonal leadership required

Preferred Qualifications

• Thorough knowledge of banking and financial services industry, including technical aspects of regulated financial institutions – including net interest income/margin, interest rates, balance sheet, capital, liquidity, etc.
• Knowledge of financial industry business practices and banking corporate finance practices
• Strong understanding and knowledge of financial systems, such as SAP BPC or Oracle Hyperion
• Mastery of financial tools, practices, concepts, and systems used by Truist
• CPA, CFA, and/or similar accreditation is a plus