Financial Analyst

Financial Analyst Manhattan, NY Salary: $110,000 - $115,000 This position will support the production of the departmental analytical and financial reports and participate in special projects as required. Departmental Reporting Update the transactional data for all operating expenses and selected balance sheet accounts for use in analyzing daily account activity. Assist in monitoring operating expense accounts in the Bank's general ledger for accuracy and integrity of the transactions; prepare necessary adjusting journal entries and advise other units on operating expenses. At month‑end, support the preparation of analytical reports to the CFO such as operating expense variance analysis, allocation, and compliance expense analysis. Review project expenditures charged to the Workday Capital Projects for accuracy, including capitalization and disposal of fully depreciated assets; advise managers on correct charging and prepare necessary adjusting entries. At quarter‑end, assist in the preparation of the service fee income analysis report. Support the development, maintenance, and enhancement of analytical reporting tools for financial reports such as revenue and expense variance analysis and cost allocations. Provide ad‑hoc reports for department managers when preparing in‑depth analytical reports. Participate in special projects as requested by the CFO or other senior managers of the Bank. Annual Budgeting and Forecasting Participate in the development of the annual business plan and forecast, including review of baseline operating expenses and service fee revenue submissions in Workday Adaptive Planning. Review new projects submitted in the ServiceNow project module. Update capital forecast for the current year and calculate forecasted and planned depreciation expenses by cost center. Participate in the preparation of budget packages for group heads review and Board of Directors approval. Applications Maintenance and Enhancement Participate in the maintenance of the Workday Adaptive Planning application. Participate in upgrades to the reporting and analytical software used in the department. Skills & Experience Six or more years’ experience in budgeting and financial reporting such as financial forecasting and analysis. Working knowledge of General Accounting and Budgeting applications. Proficiency in MS Office Suite. #J-18808-Ljbffr Creative Solutions Services, LLC