FP&A Analyst

Division: Finance | Department: Financial Planning & Analysis (FP&A) | Status: Exempt | Grade: 9 | Location: Hybrid - Boston, MA (131 Clarendon St)

About the role

FP&A is a small team that serves as the financial and analytical liaison between the core business units, corporate functions, investor relations, and senior management. It covers a wide variety of responsibilities, including budgeting and forecasting, capital planning, executive reporting, and analysis of new business opportunities. The FP&A Analyst plays a critical role in managing the Bank’s financial strategy through budgeting, forecasting, profitability analysis, and financial reporting. The FP&A Analyst will partner with senior and executive leadership across the bank to provide strategic insights while maintaining and managing data integrity.

Responsibilities

• Financial Planning & Forecasting
  • Support the development of annual budgets and multi-year financial plans.
  • Assist in maintaining financial models, including income statement and balance sheet forecasts.
  • Gather and validate data inputs and assumptions from business units and subsidiary banks.
  • Update forecast models and support monthly reforecast processes.
  • Assist in documenting assumptions and ensuring consistency across planning processes.
• Financial Performance Analysis
  • Assist in analyzing financial results at the consolidated and bank level.
  • Prepare monthly and quarterly variance analyses vs. budget, forecast, and prior periods.
  • Support tracking of key performance indicators (KPIs), including ROA, efficiency ratio, and growth metrics.
  • Identify basic trends and variances and escalate findings to senior team members.
  • Assist with ad hoc analysis related to financial performance, customer trends, or balance sheet activity.
• Management Reporting
  • Support preparation of recurring financial reports for internal management.
  • Assist in compiling data and ensuring accuracy of financial reporting packages.
  • Help develop standard reports and dashboards under guidance from senior team members.
  • Ensure timely and accurate delivery of recurring reports.
• Profitability Measurement & Business Analytics
  • Assist in gathering and organizing data for profitability analysis, including:
    • Product performance
    • Customer and segment trends
  • Support analysis related to pricing, margins, and business line performance.
  • Help maintain and update datasets used in profitability and business analytics.
• Data, Systems & Process Improvement
  • Maintain and update financial data files, reports, and models.
  • Assist in improving data quality and consistency across reports.
  • Support automation and reporting enhancements using Excel and BI tools.
  • Participate in system implementation or process improvement initiatives as needed.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or related field required.
• 0–2 years of experience in finance, accounting, banking, or related field.
• Internship experience in finance or banking preferred.

Skills

• Basic financial modeling and analytical skills.
• Proficiency in Excel (formulas, pivot tables, data organization).
• Familiarity with financial statements (income statement, balance sheet).
• Exposure to BI tools (Power BI, Tableau) a plus.
• Strong attention to detail and commitment to accuracy.
• Effective communication skills and willingness to learn.
• Ability to manage multiple tasks and meet deadlines.
• Team-oriented mindset with strong organizational skills.

Core Competencies

• Analytical thinking and problem solving.
• Attention to detail and accuracy.
• Intellectual curiosity and willingness to learn.
• Collaboration and teamwork.
• Accountability and reliability.
• Cybersecurity awareness to protect the Bank, its systems, and customers.

Pay

Salary Range: $52,000 - $90,498. Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.