Manager, Business Unit Financial Planning & Analysis
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Job Description
YOUR LIFE'S MISSION: POSSIBLE
You have goals, dreams, hobbies and things you’re passionate about.
What’s Important to You Is Important to Us
We’re looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen.
Don’t take our word for it.
• Military Times 2021 Best for Vets Employers
• WayUp Top 100 Internship Programs
• Forbes® 2022 The Best Employers for New Grads
• Forbes® America's Best Employers
• Newsweek Top 100 Most Loved Workplaces
• Fortune Best Workplaces for Women
• Fortune 100 Best Companies to Work For®
• Computerworld® Best Places to Work in IT
Basic Purpose
To plan and manage the reporting and analyses of business unit financial data to drive operations and strategic business decisions. Ensure appropriate and validated use of budget and financial information in cost accounting and financial analysis. Provide subject matter expertise and guidance to business unit regarding financial performance. Support senior management in developing and executing strategic plans. Work is performed under general direction.
Responsibilities
• Manage the development of the Lending department’s Annual Financial Plan; review division submissions for completeness, accuracy, and compliance with budget directives
• Prepare and present consolidated summaries of the Lending and Real Estate Lending Annual Financial Plans to executive management
• Analyze and interpret Annual Financial Plan variance analysis and historical trend reports for all divisions within the Lending and Real Estate Lending departments to monitor expenses and gain an understanding of account behavior to enhance the development of future Annual Financial Plans
• Plan and execute Lending’s Quarterly Reforecast Process; identify variances and evaluate the financial impact of new business initiatives
• Oversee the preparation of monthly Return on Assets calculations for each product to include an executive summary detailing performance drivers
• Lead the review of all division investment proposals with a focus on strategic, return on investment, and financial implications across the organization; prepare reports for monthly presentation to the President’s Committee
• Collaborate with EPMO, Procurement, ISD and HR to provide financial management of the department’s strategic initiatives
• Analyze complex financial information and reports to provide accurate and timely financial recommendations to senior management for decision making purposes
• Provide consultative support for financial matters for all Lending and Real Estate Lending departments
• Report key strategic financial metrics, including profitability metrics, sensitivity analysis and cost/benefit trade-off outlines to senior management to inform strategic business decisions
• Provide insight to senior management regarding impacts of external and internal environment changes on the profitability of different products/services/channels
• Prepare summaries, analyses, reports, charts, graphs, instructions, and manuals/reference materials for inclusion in ad hoc and required reports
• Produce, distribute, and review monthly department financial results to senior management
• Investigate and resolve questions and discrepancies by actively collaborating and communicating across business lines
• Review and recommend modifications to Activity Based Costing system to ensure accuracy of inputs into key financial metrics
• Coordinate with Comptroller on general ledger and cost center updates, structures, corrections, transfers, and adjustments to ensure accurate record of expenditures for business units, correct accounting for origination activities and presence of risk controls
• Support accounting/procurement functions and related processes, including requisitions, purchase orders, invoices, and approval requirements
• Provide guidance on personnel metrics to include overtime usage, billet vacancy rates and monitoring of consultants/temporary workers subsidizing full time employees
• Serve as liaison with internal colleagues/contacts to resolve financial issues and/or business process changes
• Lead or participate in organization-wide project teams
• Collaborate with business unit and senior management to support organization strategies and tactics
• Manage business reporting and ensure analytics and reporting tools are in place to achieve optimal results
• Maintain thorough knowledge of applicable federal and state laws, rules, regulations and Navy Federal policies and procedures
• Ensure compliance with internal and external documentation and disclosure requirements
• Perform supervisory/managerial responsibilities
• Ensure adequate/skilled staffing; select employees
• Establish performance goals and priorities
• Prepare, conduct and review performance appraisals
• Develop, mentor and counsel staff
• Provide input and/or prepare budget requirements for Annual Financial Plan (AFP)
• Ensure section/branch goals and objectives align with division/department strategy
• Ensure efficiency of operations
• Leadership Level – Supervise daily activities
• Perform other duties as assigned
Qualifications and Education Requirements
• Master’s degree in Finance, Accounting, Business Administration, or related field, or the equivalent combination of education, training and experience
• Significant experience in leading and managing a financial analytics operation, preferably with a focus in accounting or planning for a large financial services organization
• Advanced knowledge of applicable federal and state laws, rules and regulations
• Advanced knowledge of banking/financial industry trends, products and services
• Significant experience in the application of statistical methods, mathematical techniques, forecasting, cost-benefit analysis and related analytical tools
• Advanced skill working with financial accounting systems used in the management and analysis of financial data
• Significant experience interpreting and applying accounting principles
• Significant experience applying techniques used in analyzing and reporting financial information
• Significant experience in delivering presentations to virtual and in person teams
• Advanced skill building effective relationships through rapport, trust, diplomacy and tact
• Significant experience managing multiple priorities independently and/or in a team environment to achieve goals
• Significant experience working with all levels of staff, management, stakeholders, and vendors
• Advanced skill to influence, negotiate & persuade to reach agreeable exchange and positive outcomes
• Advanced skill exercising initiative and using good judgment to make sound decisions
• Advanced organizational, planning and time management skills
• Advanced analytical thinking skills to include summarizing information and clearly identifying key elements, patterns, results or relationships
• Advanced skill to effectively manage a remote distributed workforce across multiple locations and time zones
• Expert research, analytical, and problem-solving skills
• Expert skill presenting findings, conclusions, alternatives and information clearly and concisely
• Expert skill producing desired results and achieving goals and objectives
• Expert verbal, interpersonal and written communication skills
• Expert word processing, spreadsheet, and presentation software skill
• Certified Public Accountant
Desired Qualifications and Education Requirements
• Working knowledge of Navy Federal functions, philosophy, operations and organizational objectives
Hours: Monday - Friday, 8:00AM - 4:30PM - Hybrid including 2 days minimum in office
Location: 820 Follin Lane, Vienna, VA 22180
Navy Federal is now hybrid! Our standard enterprise requirement for a hybrid schedule is to report on-site 4-16 days each month. The number of days reporting on-site will ultimately be determined by the employee's leadership and business unit needs. You will learn more throughout the hiring and on boarding process.
Salary Range: $120,300 - $168,400 annually
Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position.
Posting End Date: 04/15/23
Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume.
#LI-Hybrid
Equal Employment Opportunity
Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability
Disclaimer
Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position.
Bank Secrecy Act
Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
