Job description

Requirements

  • Entry level
  • No Education
  • Salary to negotiate
  • Newark

Description

Job Description:

The Consumer & GWIM Expense Analytics team is part of the Consumer & GWIM Forecasting and Management Reporting organization supporting both LOB and Finance. The primary focus of our team is to support the expense management for Consumer & GWIM channels and products. Our business partners include BFOs, GFC, GIF and Consumer/GWIM LOB partners. Key priorities for our team include expense analytics, unit costing & allocations, month end close processes, expense and headcount forecasting and reporting, hierarchy maintenance, as well as EST analysis and ad-hoc reporting.

The teammate in this role will be responsible for working closely with the GWIM indirect expense allocations processes, Financial Center Channel expenses, and helping to re-engineer and enhance our current processes.  The role will also include (1) GWIM indirect expense research (2) Monthly close, forecasting, and reporting (3) establishment of expense accruals (4) business partnering with BFO’s, LOB and supporting groups (5) supporting expense initiatives. 

As part of the responsibilities of the role, the teammate will develop business partner relationships with BFOs supporting GWIM and Consumer, meet regularly with LOB key contacts, and work directly with teammates.  Throughout the tenure of the role the teammate will gain exposure and acumen across Consumer & GWIM channels and products, and develop or improve the following skills: effective communication, financial acumen, leadership, and effective business partnering.

Required Skills

Bachelor's degree required, accounting or finance preferred
Advanced Excel, modeling, data manipulation
Strong communication, organization, presentation, analytical, and leadership skills
Analytical Abilities / Financial Acumen - Systematic application of a combination of inductive and deductive reasoning to examine information, interpret results and arrive at well-founded logical conclusions. Understanding of accounting (debits / credits)
Builds Partnerships - Builds broad-based business relationships across the organization.
Strong business acumen
Desired Skills

Understanding indirect expense allocations
Essbase
SAP/eLedger
Financial planning, analysis and reporting experience
Management accounting experience
Financial statement analysis experience

About the company

Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading.

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