Divisional Financial Officer, Sr

Old National Bank; Nashville (TN); On-site; USD 83,000 - 168,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401K

Continuing education

Employee assistance program

Impact Network Groups

Job summary

Old National Bank in Nashville seeks a Commercial Financial Officer to partner with the Commercial division on financial planning, analysis, and strategic initiatives. You will oversee reporting, budgeting, and performance analysis to support growth and profitability.

Requires a BA in Accounting or Finance with 5+ years of budgeting, forecasting, and GAAP knowledge; proficiency with Hyperion, SAP, and Excel; MBA preferred. We offer a competitive package and a collaborative culture.

Qualifications

• BA Degree in Accounting or Finance required, MBA preferred.
• 5 or more years of budgeting, forecasting, financial reporting, and accounting experience.
• Strong financial systems experience (e.g. Hyperion, SAP, Axiom, Excel).
• Significant exposure to commercial banking including pricing, product development, etc.
• Broad GAAP knowledge and strong analytical/communication skills.

Responsibilities

• Reporting, monitoring, and analysis of the Commercial Division's financial and operational performance.
• Financial evaluation of proposed strategic initiatives, acquisitions, divestitures, pricing, etc.
• Coordinate and develop the Commercial Division's annual strategic plan and operating budget.
• Prepare and deliver budget presentations to executive management.

Skills

Budgeting

Forecasting

Financial reporting

Accounting

GAAP knowledge

Education

BA in Accounting or Finance

MBA preferred

Tools

Hyperion

SAP

Axiom

Microsoft Excel

Job description

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

The Commercial Financial Officer will serve as the finance and accounting business partner for the Commercial line of business executive leader and team. Responsible for all aspects of financial and strategic planning support including: 1) Reporting, monitoring, and analysis of the division’s financial and operational performance, 2) Financial evaluation of proposed strategic initiatives, acquisitions, divestitures, line expansion, pricing, product development, etc., 3) Coordination and Development of the business line’s annual strategic plan and operating budget.

The salary range for this position is $83,300/yr - $168,400/yr plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

Reporting, monitoring, and analysis of the Commercial Division’s financial and operational performance

• Coordinate the commercial division’s recurring financial and performance related management reporting; including budget variance reports, performance trend analytics, and divisional scorecards.

• Recommend and oversee the development and implementation of proposed improvements in the reporting and communication processes to improve management effectiveness and accommodate growth.

• Provide analysis and council to division leaders regarding financial and operational performance of the various business segments within the Commercial area.

• Prepare and deliver recurring communication to executive management concerning the Commercial Division’s financial and operating performance.

Analytical Support for Commercial Division

• Support financial analysis requests submitted by the Commercial Division, including feasibility studies for acquiring and divesting distribution platforms, merger and acquisition activity, and customer / product pricing.

• Provide evaluation and counsel to Commercial division leaders regarding the financial impact of planned initiatives and strategies.

• Direct and oversee competitive financial analysis and statistical studies to determine potential paths for financial improvement.

• Review performance trends and recommend appropriate projections / alternatives to executive management.

• Work with other areas to evaluate and counsel regarding the financial impact of planned initiatives

• Serve as a commercial project manager for cross-departmental initiatives involving coordination with other sales / support areas within the bank.

Coordination and Development of the Commercial Division’s annual strategic plan and operating budget

• Coordinate and facilitate ongoing planning and budget development activities within the Commercial Division.

• Perform detailed analysis of budgets and plans to ensure both accuracy and consistency with the corporate plan as well as initiating follow up with appropriate levels of management.

• Prepare and deliver the Commercial Division’s plan and budget presentations to executive management for approval.

Qualifications and Education Requirements

• BA Degree in Accounting or Finance required, MBA preferred

• 5 or more years of relevant experience including budgeting, forecasting, financial reporting, and accounting at a corporate-wide or divisional level

• Strong financial systems experience (e.g. Hyperion, SAP, Axiom, Microsoft Excel) required

• Significant exposure to commercial banking including a strong understanding of sales and operational processes, competitive analysis, pricing, product development, etc.

• Strong knowledge of financial valuation techniques

• Broad based GAAP knowledge

• Strong, communication, organizational, analytical and decision-making skills required

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!