Sr. FP & A Analyst

Senior FP&A Analyst

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 position 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.

Essential 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.

Education:

• Bachelor's Degree in Accounting or Finance or equivalent experience is required

Experience:

• 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 & Knowledge:

• 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

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at hr@berkshirebank.com.