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About Working at Commerce

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk.

Compensation Range

Hourly: $34.05 - $45.45 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to develop and manage customer profitability reporting, internal pricing models, financial modeling and forecasting, and ad hoc reporting. This role will be positioned within the Commercial Payments Data Analytics team and will work with various stakeholders including Senior Leaders, Account Management, Sales, Data Analytics/Operations, Financial Planning and Analysis, and internal Incentive and Compensation teams.

Essential Functions

+ Assist with the design and implementation of new customer profitability processes to support product launches and ensure alignment with product revenue and cost structures

+ Develop and track reporting and key operational metrics to evaluate the accuracy and effectiveness of both current and future customer profitability processes

+ Maintain and enhance existing department product pricing models and develop new pricing models supporting future product releases

+ Interact with Sales and Account Management leaders to aid in their understanding of customer profitability and internal pricing models

+ Assist with validating pricing models by comparing them against actual customer profitability outcomes to ensure accuracy and relevance

+ Assist with financial forecasting, reporting, and operational performance tracking to support strategic decision-making

+ Regularly meet with business line leaders to gain in depth understanding of product functionality, revenue generation, and cost structures

+ Execute accurate and timely monthly processes supporting internal management and incentive reporting requirements

+ Identify and implement process improvements, including but not limited to the creation of standard and ad-hoc reports and implementing solutions spanning across multiple teams within the organization

+ Analyze past results and perform variance analysis identify trends and anomalies

+ Clearly communicate analytical findings and strategic recommendations to stakeholders at various leadership levels within the organization

+ Perform other duties as assigned

Knowledge, Skills & Abilities Required

+ Basic knowledge of financial statements

+ Proficient in financial modeling and conduct detailed profitability analysis

+ Process mind with the ability to research and document current processes and systems

+ Analytical and critical thinking skills with the ability to break down processes and financial statements

+ Basic understanding of relational databases and extracting data from a data warehouse

+ Problem-solving capabilities with a keen eye for identifying inefficiencies and errors and implementing effective solutions

+ Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities

+ Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills

+ Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values

+ Basic level proficiency with Microsoft Word, Excel, Teams, Microsoft Access, VBA, SQL and Outlook

Education & Experience

+ Bachelor’s degree or equivalent combination of education and experience required

+ 1+ years’ experience in finance, data analytics, mathematics or other financial related field required

+ 1+ years’ experience managing or working with relational databases required

+ Knowledge/Experience using BI tools such as Power BI/Tableau preferred

+ Knowledge/experience working in Commercial Banking preferred

*Hybrid Schedule: In office 1 day per week

**Level of role is determined by knowledge, experience, skills, abilities, and education

***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Financial Reporting Analyst and Senior Financial Reporting Analyst – Commercial Payments job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $34.05 to $45.45 per hour.

#LI-Hybrid

The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here (https://careers.commercebank.com/us/en/benefits) to learn more.

Time Type:

Full time

Commerce Bank has been awarded numerous awards for our company culture. We have been included on distinguished lists such as Forbes’ Best Midsized Employers, Forbes’ Best Employers for Women, and Korn Ferry’s Engaged Performance Award. You’ll see the difference for yourself when you join the team.

Why Commerce? (https://www.commercebank.com/careers/about-commerce) Inclusion at Commerce How to Join Our Team (https://www.commercebank.com/careers/how-to-join-our-team)

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Equal Opportunity Employer

Commerce Bank is proud to be an Equal Employment Opportunity employer and believes that every individual should have the opportunity to work at a job for which he, she or they qualifies. We celebrate diversity and do not discriminate based on race, color, ancestry, ethnicity, gender identity, gender expression, sex, sexual orientation, disability (including physical or mental handicap), age, veteran status, military status, national origin, religion, pregnancy status, marital status, genetic information, or any other status protected by applicable federal, state or local law.