Job Summary & Responsibilities
Division: Finance
Department: FP&A
Reports to: Director of Finance
Status: Exempt
Grade: 10
Salary Range: $55,588 - $102,474
Salary range updated 4/10/2026. Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.
Location: Boston, MA
Purpose/Objective:
FP&A is a small team that serves as the financial and analytical liaison between the core business units, corporate functions, investor relations, and senior management. It covers a wide variety of responsibilities, including budgeting and forecasting, capital planning, executive reporting, and analysis of new business opportunities.
The Senior FP&A Analyst position plays a critical role in managing the Bank’s financial strategy through budgeting, forecasting, profitability analysis, and financial reporting. The Senior FP&A Analyst will partner with senior and executive leadership across the bank to provide strategic insights while maintaining and managing data integrity. The Senior FP&A Analyst will train FP&A team members for further development of the team.
Essential Responsibilities:
Financial Planning & Forecasting
- Own key components of the annual budget and multi-year financial plans across the consolidated bank and legal entities.
- Build, enhance, and maintain integrated financial models (income statement, balance sheet, capital, and liquidity).
- Partner with business line leaders to develop assumptions, challenge forecasts, and align plans with strategic objectives.
- Support capital planning, including stress testing, scenario analysis, and regulatory considerations.
- Drive continuous improvement in forecasting accuracy, processes, and governance.
Financial Performance Analysis
- Analyze financial performance of consolidated bank, regional banking areas, and business lines , including:
- Net interest margin (NIM) and balance sheet trends
- Loan and deposit growth, pricing, and mix
- Credit quality and provision dynamics
- Non-interest income and expense management
- Prepare and present monthly and quarterly variance analyses vs. budget, forecast, and prior periods.
- Identify key drivers of performance and proactively highlight risks and opportunities.
- Develop and monitor KPIs including ROA, ROE, efficiency ratio, capital ratios, liquidity metrics, and growth indicators.
- Conduct deep-dive analyses on emerging trends (e.g., deposit behavior, pricing changes, customer activity).
Management Reporting & Executive Support
- Prepare monthly and quarterly internal financial reporting packages for senior management.
- Develop executive-level dashboards and presentations that clearly communicate performance insights.
- Ensure consistency and accuracy in consolidating financials across multiple bank charters.
- Provide clear, concise recommendations to support strategic and operational decisions.
Profitability Measurement & Business Analytics
- Play a key role in the design, implementation, and ongoing enhancement of profitability frameworks, including:
- Funds Transfer Pricing (FTP)
- Product and customer profitability
- Branch and cost center performance
- Partner with FP&A leadership to refine methodologies and improve transparency of profitability reporting.
- Analyze product pricing, margin performance, and customer segmentation to support growth and optimization strategies.
- Deliver actionable insights to senior management on business line performance and strategic initiatives.
Data, Systems & Process Improvement
- Collaborate in efforts to enhance FP&A tools, data infrastructure, and reporting processes.
- Partner with Data & Analytics teams to improve data quality, automation, and scalability.
- Support implementation and optimization of planning and reporting systems (e.g., FP&A platforms, BI tools).
- Drive efficiency through automation and standardization of recurring analyses and reporting.
Education:
- Bachelor’s Degree in Accounting or Finance or equivalent experience is required
Experience:
- 2-4+ years of experience in FP&A, corporate finance, banking finance, or related field
- Prior experience in a financial institution or bank holding company strongly preferred
Skills & Knowledge:
- Advanced financial modeling and analytical skills
- Strong proficiency in Excel; experience with BI tools (Power BI, Tableau) required
- Experience utilizing a budgeting & forecasting tool (Axiom, Empyrean)
- Deep understanding of bank financial statements, regulatory ratios, and performance drivers
- Ability to synthesize complex data into clear, executive-level insights
- Strong communication and presentation skills with senior stakeholders
- Proven ability to manage multiple priorities in a fast-paced environment
- High attention to detail and commitment to accuracy
- Strategic thinking combined with hands-on execution
Core Competencies:
- Business and financial acumen (banking-focused)