Sr. FP & A Analyst

Division: Finance Department – FP&A | Reports to: Director of Finance | Location: Boston, MA | Status: Exempt | Grade: 10

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 Senior FP&A Analyst plays a critical role in managing the Bank’s financial strategy through budgeting, forecasting, profitability analysis, and financial reporting. The Senior FP&A Analyst will partner with senior and executive leadership across the bank to provide strategic insights while maintaining and managing data integrity. The Senior FP&A Analyst will train FP&A team members for further development of the team.

Responsibilities

• Financial Planning & Forecasting
  • Own key components of the annual budget and multi-year financial plans across the consolidated bank and legal entities.
  • Build, enhance, and maintain integrated financial models (income statement, balance sheet, capital, and liquidity).
  • Partner with business line leaders to develop assumptions, challenge forecasts, and align plans with strategic objectives.
  • Support capital planning, including stress testing, scenario analysis, and regulatory considerations.
  • Drive continuous improvement in forecasting accuracy, processes, and governance.
• Financial Performance Analysis
  • Analyze financial performance of consolidated bank, regional banking areas, and business lines, including:
    • Net interest margin (NIM) and balance sheet trends
    • Loan and deposit growth, pricing, and mix
    • Credit quality and provision dynamics
    • Non-interest income and expense management
  • Prepare and present monthly and quarterly variance analyses vs. budget, forecast, and prior periods.
  • Identify key drivers of performance and proactively highlight risks and opportunities.
  • Develop and monitor KPIs including ROA, ROE, efficiency ratio, capital ratios, liquidity metrics, and growth indicators.
  • Conduct deep-dive analyses on emerging trends (e.g., deposit behavior, pricing changes, customer activity).
• Management Reporting & Executive Support
  • Prepare monthly and quarterly internal financial reporting packages for senior management.
  • Develop executive-level dashboards and presentations that clearly communicate performance insights.
  • Ensure consistency and accuracy in consolidating financials across multiple bank charters.
  • Provide clear, concise recommendations to support strategic and operational decisions.
• Profitability Measurement & Business Analytics
  • Play a key role in the design, implementation, and ongoing enhancement of profitability frameworks, including:
    • Funds Transfer Pricing (FTP)
    • Product and customer profitability
    • Branch and cost center performance
  • Partner with FP&A leadership to refine methodologies and improve transparency of profitability reporting.
  • Analyze product pricing, margin performance, and customer segmentation to support growth and optimization strategies.
  • Deliver actionable insights to senior management on business line performance and strategic initiatives.
• Data, Systems & Process Improvement
  • Collaborate in efforts to enhance FP&A tools, data infrastructure, and reporting processes.
  • Partner with Data & Analytics teams to improve data quality, automation, and scalability.
  • Support implementation and optimization of planning and reporting systems (e.g., FP&A platforms, BI tools).
  • Drive efficiency through automation and standardization of recurring analyses and reporting.

Requirements

• Bachelor’s Degree in Accounting or Finance or equivalent experience is required.
• 2-4+ years of experience in FP&A, corporate finance, banking finance, or related field.
• Prior experience in a financial institution or bank holding company strongly preferred.

Skills & Qualifications

• Advanced financial modeling and analytical skills.
• Strong proficiency in Excel; experience with BI tools (Power BI, Tableau) required.
• Experience utilizing a budgeting & forecasting tool (Axiom, Empyrean).
• Deep understanding of bank financial statements, regulatory ratios, and performance drivers.
• Ability to synthesize complex data into clear, executive-level insights.
• Strong communication and presentation skills with senior stakeholders.
• Proven ability to manage multiple priorities in a fast-paced environment.
• High attention to detail and commitment to accuracy.
• Strategic thinking combined with hands-on execution.

Core Competencies

• Business and financial acumen (banking-focused).
• Analytical rigor and problem-solving.
• Intellectual curiosity and continuous improvement mindset.
• Cross-functional collaboration and influence.
• Strong ownership and accountability.
• Cybersecurity awareness to protect the Bank, its systems, and customers.

Pay

Salary Range: $55,588 - $102,474. 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.