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Senior Financial Analyst - Reporting

Charlotte, North Carolina

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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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

Responsible for finance activities involving financial reporting and accounting policy. Must have strong knowledge of the financial reporting requirements and guidelines to maintain records. Prepares required financial and regulatory reports including both foreign and domestic information. Supports achievement of business goals by working on more complex activities or projects with others within the unit and with partners. Leads projects and coordinates resources to resolve data and reporting issues. May provide supervision to a small staff of domestic and international team members. Ability to manage business partner relationship.

The Senior Financial Analyst position will also be responsible for executing complex reporting processes to support the firm’s delivery of accurate financials. Must have a strong desire to support critical, high profile financial reporting deliverables through report preparation, review, and analysis. This position is also responsible for interpretation, documentation, research, and extensive collaboration with business partners to ensure accuracy and conformance with GAAP and U.S. regulatory reporting requirements. Additionally, this role will provide ad hoc support and subject matter expertise for projects, audits, governance routines, and other activities across CFO.

This role is also responsible for the preparation of financial reports for multiple standalone legal entities. Other key responsibilities include performing and documenting control processes and variance analysis, preparing data submissions, and supporting change initiatives. Key expectations include preparing and analyzing financial reports, performing risk analysis, working with a team, and communicating effectively.

Responsibilities:

+ Prepares complete and accurate financial reporting in a timely manner.

+ Prepare, review, and analyze data reported on U.S. regulatory reports.

+ Execute key reporting and process controls, including period-over-period trends, variance analysis, and cross report reconciliations.

+ Validate conformance with reporting instructions through a deep understanding of requirements and effective challenge of results.

+ Drive identification, remediation, monitoring, and escalation of issues impacting reporting as well as partner with Technology and Data Management Teams to drive improvements in data quality.

+ Establish working relationships with data owners across multiple lines of business to support complete and timely data submissions.

+ Provide support and subject matter expertise for data quality improvement and sourcing automation projects by communicating reporting requirements, performing UAT testing, and other activities as needed.

+ The candidate must demonstrate initiative, a commitment to continuous learning, and the ability to adapt to changing demands and requirements.

+ Provide guidance for interpreting and understanding complex reporting requirements.

+ Prepares reconciliations and variance analysis for daily/monthly.

+ Works with internal control functions and external auditors

+ Assists with examination inquiries.

+ Supports change projects in testing and documentation.

+ Supports Operational Excellence initiatives to streamline processes improvements.

Required Qualifications:

+ 5+ years of professional experience in Financial Reporting

+ Analytical, critical thinking and problem-solving capabilities

+ Strong technical accounting and finance skills and knowledge

+ Able to effectively manage multiple priorities while working both independently and as part of a team.

+ Excellent written and verbal communication skills

Desired Qualifications:

+ Degree in Accounting/Finance preferred.

+ Banking, Auditing, or relevant experience

Skills:

+ Analytical Thinking

+ Controls Management

+ Financial Accounting

+ Financial Analysis

+ Reporting

+ Attention to Detail

+ Oral Communications

+ Policies, Procedures, and Guidelines Management

+ Risk Management

+ Written Communications

+ Continuous Improvement

+ Interpret Relevant Laws, Rules, and Regulations

+ Project Management

+ Regulatory Compliance

+ Stakeholder Management

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.