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!

This job is responsible for serving as a finance partner to specified Lines of Business (LOBs) and providing financial analysis and guidance to support key decisions and initiatives. Key responsibilities include performing forecasting, profitability analysis, expense efficiency, pricing, financial reporting, and generating value creation ideas and new investment business cases. Job expectations include preparing insights to guide management's decision making and evaluating financial performance versus plans, forecasts, and prior periods.

The Corporate Allocations team is part of Staff Support Finance. The primary focus of the team is to provide strong financial support to the Enterprise Support Functions (Technology, Operations, Staff Support, Digital/Marketing) to align their expenses with the Lines of Businesses they support. Throughout the tenure of this role the teammate will gain exposure within the finance organization while improving/developing the following skills: financial/business acumen, attention to detail, analytical and strategic thinking, planning and forecasting, leadership, communication, and relationship management.

Responsibilities:

• Evaluates Lines of Business (LOB) financial performances and assists with decision making by synthesizing key trends, assessing current and future business risks, and preparing, analyzing, and reporting on financial results and key metrics
• Develops financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners
• Creates forecasts and budgets by comparing current performance against plan, prior periods, prior forecasts, and budgets and evaluating current and future performance trajectory
• Supports reporting and analysis for key constituents and management, which may include Board of Directors, Investor Relations, and/or various regulatory agencies
• Collaborates with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures
• Supports new and ongoing projects and strategic initiatives by creating processes to automate key reporting capabilities and delivering on process improvements and simplifications to enable increased focus on strategic priorities
• Supports ~50 management cost pools (like business functions) which are allocated to LOBs based on metrics/effort. Partner with Cost Pool owners to ensure pools are structured based on support provided, track expense storylines, other needed actions, and ad hoc questions. Be subject matter expert. Collaborate with Business Partners during Forecast / Plan windows to assess potential updates to pools, including hierarchy or chart maintenance and exceptions.
• Proactively communicates and partners with LOBs and supporting groups
• Develops financial management reports, presentations, and ad hoc analyses for LOBs and/or finance partners
• Collaborates with teams across the Finance division to ensure integrity of the financials, sound controls, and efficient and effective procedures

Skills:

• Attention to Detail
• Business Process Analysis
• Collaboration
• Data Quality Management
• Reporting
• Data Visualization
• Financial Analysis
• Financial Processing
• Prioritization
• Analytical Thinking
• Business Acumen
• Business Case Analysis
• Critical Thinking
• Decision Making
• Strong Work Ethic

Required Qualifications:

• Minimum 3 years of finance and/ or allocations experience
• Proficient in Microsoft Office products with emphasis on strong Excel (macros, pivot tables, look-ups, and filtering) and PowerPoint
• Ability to problem-solve and exercise independent judgement while displaying a high degree of initiative and accuracy
• Demonstrated ability to organize and prioritize projects and complete multiple tasks on schedule
• Strong organization skills and ability to manage/sequence multiple deliverables
• Strong written and oral communications skills
• Flexible, organized, and capable of performing multiple tasks; comfortable working under strict deadlines; ability to be clear on priorities and to shift between tasks on short notice

Desired Qualifications:

• Bachelor’s degree in finance or accounting
• Strategic thinker with the ability to understand complex business challenges and potential solutions
• SAP / eLedger / EPM
• Operate productively under minimal supervision in a deadline-driven environment
• Proactive team player able to work efficiently under sometime stressful conditions
• Work effectively with colleagues at all levels across the organization

Shift:

1st shift (United States of America)

Hours Per Week:

40