Financial Analyst

Company: Flagstar Bank
Location: Troy
Posted on: November 22, 2021

Job Description:

The Financial Analyst is responsible for financial reporting and analysis, report development, and communicating with business line leadership regarding financial performance and forecasting. This includes financial reporting for actual results, forecast, budget and performance analysis for a specific line of business. This position works closely with senior business leaders and others in the business units and within finance to contribute to the long term growth, development and profitability of the broader organization.

• Developing and maintaining regularly scheduled reports for the business units.-- Ensuring information is accurate and distributed on time.-- This includes creating reports with and using various software tools such as Hyperion, MS Excel, and MS Access.
• Assisting with production forecasts and assumptions to keep management updated on current trends each week.-- In addition, coordination of bottoms up forecasting from leadership on a monthly basis.
• Analysis of current production volume & margins, concentrations, and comparing to desired thresholds or market data.-- This is important since management relies on analysis to spot opportunities and threats.-- Comparison to peers and industry is powerful information which drives better discussions for the business.
• Supporting divisional CFO team with ad hoc requests for the business.-- Complete on time and addressing any questions or modifications.
• Ensures compliance with applicable federal, state and local laws and regulations.-- Completes all required compliance training.-- Maintains knowledge of and adhere to Flagstar---s internal compliance policies and procedures.-- Takes responsibility to keep up to date with changing regulations and policies. Job Requirements:
  • Bachelor's Degree required.
  • Bachelor's degree in Accounting, Finance, Economics, Statistics, or Business Administration preferred.
  • 3+ years of relevant experience preferred.-- Prior mortgage or banking experience preferred.
  • Advanced knowledge of MS Excel and MS Word required. Knowledge of MS Access a plus.
  • Intermediate knowledge of report automation techniques such as using VBA.
  • Intermediate knowledge of Oracle BI Dashboards and BI Answers.
  • Strong communication skills --- both verbal and written.
  • Ability to work effectively in a changing work environment.
  • Team player in a dynamic work environment. For Internal use only: Job Band G

Keywords: Flagstar Bank, Troy , Financial Analyst, Professions , Troy, Michigan