Senior Finance Analyst - Business Support

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

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.

Team Specific Job Description:

The Deposits Finance Horizontal team is part of the Regional Banking & Wealth Management CFO organization and provides strategic financial analysis, forecasting, and reporting across Deposit products and related fees (Checking/ Savings Accounts, Deposit Balances and Net Interest Income (NII), Service Charges, and Debit Card/Payments). The team partners closely with Business Finance Officers (BFOs), Lines of Business (LOBs), Corporate Treasury, and other Finance teams to support business and financial decision-making.

This Senior Financial Analyst will lead forecasting, quarterly peer benchmarking and Investor Relations reporting, and performance analysis for Consumer Deposit Balances and Net Interest Income (NII). The role requires an understanding of customer behavior, deposit pricing, market interest rates, and Funds Transfer Pricing (FTP), along with the ability to translate complex financial results into actionable leadership insights.

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

Team Specific Responsibilities:

• Lead forecasting, reporting, and performance analysis for Consumer Deposit Balances and NII, identifying key business drivers, risks, and emerging trends
• Translate complex financial results into actionable leadership insights and build effective partnerships across the Deposit LOB, Corporate Treasury, Balance Sheet Management, FTP, and Finance to align assumptions and explain financial outcomes
• Develop and apply knowledge of Funds Transfer Pricing (FTP) to assess deposit portfolio economics and NII performance
• Maintain strong financial controls and ensure accuracy, consistency, and data quality across forecasting and reporting processes
• Identify opportunities to improve and automate financial processes, reporting, and analytical capabilities

Required Qualifications:

• Bachelor’s degree, preferably in Finance or Accounting

• 3+ years of relevant experience, or demonstrated experience independently managing complex financial analysis and forecasting
• Strong financial modeling, analytical, and problem-solving skills, with advanced Excel capabilities and exceptional attention to accuracy
• Strong written and verbal communication skills, with the ability to translate complex financial analysis into clear business insights and build effective cross-functional relationships
• Ability to independently manage multiple priorities in a fast-paced environment while demonstrating intellectual curiosity and a continuous-improvement mindset

Desired Qualifications:

• Experience with financial forecasting, balance sheet analysis, NII, deposit products, pricing, interest rates, Funds Transfer Pricing, Essbase (Smart View), or general ledger systems
• Proficiency with data visualization, automation, or analytical tools such as Tableau, Alteryx, or Power Query

Skills:

• Attention to Detail
• Business Process Analysis
• Collaboration
• Data Quality Management
• Reporting
• Data Visualization
• Financial Analysis
• Financial Forecasting and Modeling
• Financial Processing
• Prioritization
• Analytical Thinking
• Business Acumen
• Business Case Analysis
• Critical Thinking
• Decision Making

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Pennington - 1400 American Blvd - Hopewell Bldg 4 (NJ2140)Pay and benefits informationPay range$86,600.00 - $124,500.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.