Full-Time

Senior Financial Analyst I

Wholesale Credit Delivery & Enablement

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid, Senior

Charlotte, NC, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Financial analysis
Data Analysis
Requirements
  • Bachelor's degree in Accounting or Finance, or equivalent education and related training.
  • Four years of relevant accounting or finance experience that includes complex financial analysis.
  • Ability to take direction and then work independently to complete tasks while considering broader implications or necessary additional analysis.
  • Ability to build consensus through communication and presentation of factual and relevant information.
  • Strong verbal and written communication skills.
  • Strong analytical and problem-solving skills.
  • Sound and logical decision-making abilities.
  • Ability to work well with others in a dynamic, team-oriented environment.
  • Proficiency in computer applications such as Microsoft Office Excel, PowerPoint, Word, Outlook, and other basic software products.
  • Certified Public Accountant, Certified Management Accountant, or Chartered Financial Analyst (preferred).
  • Master's degree of MBA (preferred).
  • Specific financial services or specialized industry experience (preferred).
  • Proficient in Essbase/Hyperion, EPM/BPC, or other enterprise accounting software (preferred).
  • Experience with macros/VBA (preferred).
Responsibilities
  • Serve as a strategic business consultant to specified lines of business (LOBs), providing financial analysis and guidance to support key decisions and initiatives that may include new product development, pricing, profitability, expense efficiency and value creation ideas, new investment business cases, and potential divestiture or acquisition opportunities.
  • Prepare management information and insights to guide decision making and evaluates financial performance vs. plan, prior periods, and the strategic plan.
  • Collaborates and works across the Finance division to ensure integrity of the financials and ensures sound controls and procedures.
  • Supports reporting and analysis for additional constituencies, including Board of Directors, Investor Relations, and various regulatory agencies.
  • Financial professional role that applies in-depth knowledge within own professional discipline and a deeper understanding of concepts and principles of the business to produce relevant financial analysis and reporting.
  • Compiles, reviews, and submits timely and accurate monthly reporting related to the Bank's financial performance or strategy.
  • These may include: pro-forma projections for transaction, products, market segmentation strategies or acquisitions; income/expense or cash flow forecasts; regulatory interpretations, variance analysis and explanations for financial statement line items; or summaries, charts and graphs of data to highlight key results.
  • Ensures that source data is reliable, complete and documentation is maintained to support data integrity initiatives.
  • Interpret and summarize results and trends for Senior Leadership.
  • Applies knowledge of best practices derived from experience to assist in solving problems of higher operational or technical complexity by analyzing possible solutions using data analysis, experience, judgement and precedents.
  • Drafts materials to senior leadership summarizing issues and communicating solutions.
  • Reviews monthly financial close, monthly forecasting and annual financial planning processes for accuracy and reasonableness, including entries for month-end close, forecast updates, and Plan development.
  • Updates and automates retrieval of financial information via the use of simple spreadsheets to more complex databases and reporting templates.
  • Develops and performs testing of economic models as necessary.
  • Maintains necessary documentation of source data, ensuring adequate support of data integrity.
  • Subject matter expert on products, fees, and fee codes, regulatory reporting requirements, business cycles, origination channels and accounting flow for assigned area of responsibility.
  • Maintains working knowledge of generally accepted accounting principles (GAAP), building expertise related to assigned area of responsibility.
  • Broadens understanding of more complex accounting, profitability, regulatory, and business segment nuances, including cost allocation methodology, funds transfer pricing, and vendor contracts.
  • Provides line of business (LOB) leadership with the monthly performance review package by preparing and providing explanation of changes and identification of trends for use in discussions with the Senior Financial Officer (SFO) and other members of Senior Leadership.
  • Monitors financial performance for specified LOBs.
  • Assists in detecting changes in business trends and opportunities for improvement.
  • Maintains a strong working relationship with supported business area to complete tasks and deliver high quality work.
  • Builds relationships with cross-functional departments to broaden knowledge and solve more complex situations.
  • Coordinate with internal and external audits and examinations (responses to External and Regulatory requests are to be made in collaboration with Accounting Policy).
  • Assist in risk management governance and business continuity planning processes as necessary.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs manage their businesses more efficiently and serve more clients at lower costs. Unlike competitors, Truist provides these services for free, monetizing through a vertically-integrated custodian service that reduces overhead costs for RIAs. The company's goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

43%

2 year growth

77%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth potential.
  • Collaboration with Orion enhances performance reporting capabilities for RIAs.
  • Digital fixed-income trading launch expands Altruist's service offerings.

What critics are saying

  • Competition from Betterment and Wealthfront pressures Altruist to innovate continuously.
  • Frequent platform updates may increase operational costs and disrupt services.
  • Reliance on free service model could be vulnerable to market demand shifts.

What makes Truist unique

  • Altruist offers commission-free fractional share trading, attracting cost-conscious RIAs.
  • The platform includes a model marketplace for personalized investment strategies.
  • Altruist provides a vertically-integrated custodian service to streamline RIA operations.

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