FP&A Manager, Home Lending & CRE

About the role

PenFed is hiring a Senior FP&A, Home Lending & CRE Manager at our Tysons, Virginia location. The Senior FP&A – Home Lending & CRE Manager plays a key role in PenFed’s Financial Planning & Analysis (FP&A) Team, providing strategic financial leadership and decision support to the Home Lending/Commercial business and PenFed’s executive team. This role requires a strategic consulting mindset and the ability to lead complex analyses, develop and evaluate business cases, and guide high-impact initiatives across the company.

Responsibilities

• Lead and own the Home Lending and Commercial components of the annual Financial Plan and rolling forecasts by establishing, reviewing, and challenging key assumptions to ensure forecasts and key performance indicators are credible, well-supported, and useful in decision-making.
• Serve as a strategic partner to Home Lending leaders to ensure alignment between team and enterprise financial objectives.
• Anticipate risks and opportunities, proactively communicating implications and recommending actions to Finance and business leadership.
• Lead development and review of business cases, including financial models, ROI/NPV analyses, and scenario/sensitivity analyses.
• Build, review, and enhance financial materials prepared for executive and board audiences, ensuring clarity, consistency, and strategic framing.
• Identify opportunities to improve FP&A processes, tools, and reporting efficiency; lead enhancements to forecasting methodologies, modeling standards, and performance reporting.
• Champion the use of technologies that improve insight delivery and reduce production times.
• Act as direct backup in the Segment Financial and Branch Profitability process, with the goal of acting as the owner of the process.
• Contribute to PenFed’s culture of collaboration by actively working across business lines to gather data, communicate insights, and share knowledge.

Qualifications

• Bachelor’s degree in business administration, Accounting, Finance, or Engineering required; advanced degree or professional certification (e.g., MBA, CFA, CPA) preferred.
• Minimum of eight (8) years of progressive experience in consulting, FP&A, financial services, or banking, including demonstrated leadership within complex financial planning environments.
• Expert-level financial modeling and analytical skills, with the ability to design scalable, well-structured models that support strategic decision-making and withstand executive scrutiny.
• Proven ability to synthesize complex data into clear, executive-level insights.
• Strong business partnering skills with demonstrated experience influencing senior leaders and shaping strategic and investment decisions.
• Experience reviewing, evaluating, and enhancing work produced by other finance professionals, setting standards for analytical rigor, clarity, and consistency.
• Advanced proficiency in Excel and PowerPoint, with the ability to develop executive-ready materials efficiently.
• Experience with key FP&A systems such as OneStream or Hyperion is strongly preferred.
• Deep understanding of bank financial statements, key performance ratios, and capital and profitability metrics, with the ability to apply NPV/ROI and risk-adjusted return methodologies to evaluate strategic initiatives and investment decisions.
• Experience in retail banking or the credit union industry strongly preferred.
• Excellent interpersonal, verbal, and written communication and organizational skills, with ability to engage across all levels of management.
• Strong executive communication and presentation skills, including the ability to craft clear, compelling financial narratives supported by effective data visualization.
• Exceptional problem-solving skills and sound business judgment, with a high degree of ownership, accountability, and ability to prioritize in a changing environment.
• Ability to operate in ambiguity and craft efficient procedures.
• Ability to lead with diplomacy and tact while maintaining appropriate assertiveness and persistence in driving outcomes.
• Demonstrated ability to lead through influence and credibility rather than formal authority.
• Experience using AI tools preferred.

Pay

The anticipated starting salary range for this role is $84,700 – $192,495. This position is eligible for an organizational performance-based annual bonus, subject to board discretion and approval, and an individual performance-based annual bonus.

Benefits

• Comprehensive health, dental, and vision plans.
• Paid time off and family-friendly benefits such as paid parental leave, care support, and fitness center access.
• Financial wellness features including a 401(k) match, employee loan discounts, and fully paid life and disability coverage.
• Education assistance, community involvement, and volunteer opportunities.