Fifth Third Bank Sr. Financial Analyst in CINCINNATI, Ohio
Fifth Third Bank is one of the top-performing banks in the country, with a heritage that spans more than 150 years. We've staked our claim on looking at things differently to making banking a Fifth Third Better. This applies to our relationships with customers and employees alike.
We employ about 18,000 people, and what we offer is:
# A chance for employees to build their future, with supportive career development and financial wellness programs.
# An environment where we win together. We celebrate achievement and work collaboratively. We're also a three-time Gallup Great Workplace honoree.
# An invitation to impact lives in a positive and lasting way. Everything we do is geared toward improving lives. That's fun and exciting.
It comes down to the fact that Fifth Third is a warm and caring place to with which to grow # as a customer or as a team member.
At Fifth Third Bank, the Finance division is a diverse function that includes Accounting, Business Planning and Analysis, Treasury, and Corporate Finance professionals, among others. Together this team supports and executes the internal financial operatio ns of the organization.
In Finance, we are responsible for delivering timely, accurate, and relevant fiscal information to support key business initiatives. Our involvement is critical to business advancement and is driven through the corporate profit planning process, ensuring financial regulatory compliance and maintaining the Bank's accounting policies and procedures.
At Fifth Third, the Finance team is committed to developing our leaders of tomorrow while creating an enjoyable and supportive work environment at an elite, public corporation.
GENERAL FUNCTION: Responsible for the execution of highly complex financial analysis and business improvement of all key areas within the Bancorp. Serve as financial leader to all Fifth Third Bancorp lines of business and affiliates to understand andmeetthe information needs required to sustain growth. Focus on providing value-added analysis and recommendations to support business growth. Leads the education and development of less experienced staff.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures thatactions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES & RESPONSIBILITIES:
SEE ACTUAL JOB DESCRIPTION FOR ALL ESSENTIAL DUTIES & RESPONSIBILITIES
- Leads peers in the identification of key business factors (both internal and external) that impact all lines of business.
o Maintains an up-to-date knowledge base to keep current on existing and emerging issues; applies this knowledge to assist business managers in sustaining growth.
o Develops recommendations and action plans to support growth and eliminate or mitigate observed risks.
- Plays a lead role in the execution of financial analysis and in driving business results.
o Prepares and analyze monthly reports for all lines of business and affiliates. Investigates and documents unusual items.
o Performs maintenance on existing schedules and reports for changes to information.
o Documents, evaluates and improves design of reports and processes to ensure that analytical tools evolve as business changes.
o Develops trend analyses and other quantitative reports to determine business trends.
Manages the documentation of financial plans and analysis in a format appropriate for meetings with senior management.
Establishes, fosters and maintains working relationships with peers and management within Bancorp Finance, affiliates and all lines of business.
o Serves as the financial leader to all lines of business and affiliates.
o Attends meetings with peers to maintain knowledge of current and emerging issues and risks in respective focus areas.
o Is an active participant in process improvement and problem resolution issues.
Serves in a lead role with the preparation and analysis of annual profit plan and rolling forecast for all line of business.
Analyzes business performance, make recommendations for improvements and measure progress. Success will be measured by outcomes. (i.e., business improvement)
Works closely with CFOs to develop metrics and variance analysis of actual results. Assists with the development of presentations and discussion documents to highlight business issues and opportunities. Creates and publishes graphic metricstocommunicate business results and status.
Assists the CFOs with the automation of data collection, analysis and communication.
Provides training and guidance to less experienced analysts.
o Allocates work and reviews work of less experienced staff.
o Works with staff to set and achieve department objectives.
SUPERVISORY RESPONSIBILITIES: Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth;developingthe appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees accomplishments.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
Education: Bachelor's degree required. MBA or CPA preferred. Thorough knowledge of GAAP strongly desired.
Experience: Typically requires minimum of seven years of accounting or finance related experience in industry or public the accounting. Must have breadth of knowledge and experience in all lines of business within Bancorp.
Computer/Technical:Proficient with MS-Windows and other related PC applications. Possess the desire and ability to learn mainframe applications, and automated data analysis tools and techniques.
This position requires excellent analytical, verbal and written communication skills necessary to interact with personnel ranging from clerical staff to more senior management.
Demonstrated proficiency in performance measurement tools and technology.
Ability to work both individually and as a member of a team.
Ability to maintain professional composure in a dynamic work environment that often requires management/completion of multiple tasks.
Demonstrate sound judgment as well as apply logical/critical thought processes.
Fifth Third Bank is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.