Sr. Financial Analyst

Location: Cincinnati
Posted on: November 7, 2024

Job Description:

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 andmeet the 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.

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 metrics tocommunicate 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.

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