VP & Business Unit Controller - Digital Bank

Company: Columbia Association, Inc.
Location: Middletown
Posted on: March 15, 2023

Job Description:

VP & Business Unit Controller - Digital Bank 245 Long Hill Rd, Middletown, CT 06457, USA Req #1082 Tuesday, September 13, 2022 Join the Hartford Courant/Fox 61 Top Workplace for9 Years in a Row - #1 in 2017 & 2019! OVERALL OBJECTIVE
The Financial Planning & Analysis function provides business leaders and executive management insightful and actionable guidance that helps Liberty Bank achieve its Strategic Plan. Reporting to the VP & LOB Finance Manager, this role is a vital step in the continued growth of the FP&A function at Liberty Bank.This position will create, implement and manage the holistic Accounting and financial support for the Digital Bank within Liberty Bank - in essence a "CFO" for the Digital Bank. This position will be responsible for all Accounting and FP&A processes related to the Digital Bank - including monthly reporting of earnings, variance analysis, KPI/Operational & Financial metric development & analysis, ad-hoc analysis, annual Operating Budget and Forecast preparation, Strategic Plan, and tracking performance vs. Strategic Plan.
ESSENTIAL FUNCTIONS

• Consult with Digital Bank Leadership, identifying key insights, risks and opportunities
  • Proactively provide recommendations for operating performance improvement
  • Oversee and lead the preparation of Monthly Business Reviews (MBR's) for the Digital Bank
  • Lead the monthly earnings cycle for the Digital Bank
    • Analyze financial and non-financial monthly results, trends and operational metrics/KPI's
    • Partner with Digital Banking team to determine appropriate monthly GL entries
    • Prepare monthly reporting package for the Digital Bank including variance analysis vs. Budget, Forecast, and Strategic Plan
    • Build profitability and operational models for Digital Bank, and create ad-hoc analysis to uncover deeper insights into Digital Bank performance
    • Lead the annual Operating Budget and Strategic Planning process for the Digital Bank
      • In partnership with Digital Bank Leadership, develop key assumptions and prepare the driver based annual operating budget, as well as Strategic Plan
      • Prepare pro-forma analysis and Forecast updates on a periodic basis
      • Actively lead and participate in Finance related special projectsMINIMUM KNOWLEDGE/SKILLS
        • Bachelor's Degree in Accounting or Finance. Advanced degree or certification preferred
        • 10 - 15 years Financial Management Reporting experience in a Bank or Financial Services environment, including leadership experience
        • Demonstrated experience in organizing and leading Finance processes, including monthly close, Annual Budget, Quarterly Forecasting and Strategic Planning processes
        • Deep understanding of Bank balance sheets, revenue drivers, and reporting methodologies including Funds Transfer Pricing (FTP), and business line cost allocations
        • Significant experience partnering with C-Suite Executives. A seasoned professional with poise and presence while interacting with Executives.
        • Relevant experience supporting Digital/Technology divisions strongly preferred
        • Excellent communication and presentation skills
        • Strategic thinking - demonstrated ability to provide insightful recommendations to C-Suite Executives
        • Highly organized and detail oriented.
        • Advanced data management skills. Comfortable mining, managing and reporting large sets of operational and financial data.
        • Expert Microsoft Excel, PowerPoint, Word, and Access skills
        • Experience utilizing Management Reporting & Budgeting systemsPHYSICAL DEMANDS
          • Keyboard dexterity
          • General office equipment
          • Prolonged sitting
          • Operating a motor vehicleCOMPLIANCE
            • Adheres to applicable federal and state regulations and Bank policies and procedures, including OFAD, BSA, Patriot Act
            • Privacy, and consumer protection regulations pertaining to incumbent's business line
            • Completes required training (on-line and in-person) by set due dates *LI-AM1
              *LI-HYBRID In order to be considered an applicant, you must meet the minimum requirements of the position.
              
              All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin, disability, protected veteran status.
              • 245 Long Hill Rd, Middletown, CT 06457, USA

Keywords: Columbia Association, Inc., Middletown , VP & Business Unit Controller - Digital Bank, Accounting, Auditing , Middletown, Ohio