Financial Analyst

Old National Bank; Chicago (IL); On-site; USD 51,700 - 101,500; Full time

Job summary

Old National Bank is seeking a Financial Analyst to partner with Operations and Information Technology on financial planning, budgeting, reporting and performance analysis. The role supports the division’s annual operating budget and strategic initiatives, with a compensation package including base salary and bonus.

Ideal candidates have 5+ years in budgeting, forecasting and GAAP-based accounting, plus strong financial systems experience with Hyperion, SAP, Axiom and Excel, and excellent

Qualifications

• BA Degree in Accounting or Finance required; MBA preferred.
• 5+ years of budgeting, forecasting, financial reporting and accounting experience at corporate/divisional level.
• Strong experience with Hyperion, SAP, Axiom, and Microsoft Excel.
• Extensive banking knowledge, with an understanding of line of business and IT operations.
• Excellent communication, organizational, analytical and decision-making skills.

Responsibilities

• Coordinate division-wide recurring financial and performance management reporting, including budget variance and scorecards.
• Recommend and oversee improvements to reporting and communication processes to support growth.
• Provide financial analysis and counsel to division leaders on performance and strategic initiatives.
• Prepare and deliver regular communications on financial and operating performance.

Skills

Budgeting & forecasting

Financial analysis

GAAP knowledge

Communication

Decision-making

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 a salary and incentive program, medical, dental, vision insurance, 401(k), continuing education opportunities, an employee assistance program, and Impact Network Groups led by team members who are passionate about building inclusion across the organization.

Responsibilities

The Financial Analyst serves as a finance and accounting business partner to the Operations and Information Technology teams. They assist in supporting the Operations/Information Technology teams in all aspects of financial and annual budget support, including reporting, monitoring, and analysis of the division's financial and operational performance; financial evaluation/tracking of proposed strategic initiatives, projects, vendor reporting/analysis, and process improvement; and coordination and development of the annual operating budget.

Salary Range: $51,700/yr – $101,500/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.

Duties and Responsibilities

• Coordinate the 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 counsel to division leaders regarding financial and operational performance of the various segments.
• Prepare and deliver recurring communication concerning financial and operating performance.

Analytical Support

• Support financial analysis requests including feasibility studies for vendor support, operational analysis, project development/tracking and other ad hoc analyses.
• Provide evaluation to division leaders regarding the financial impact of planned initiatives and strategies.
• Support financial analysis and statistical studies to determine potential paths for financial improvement.
• Review performance trends and recommend appropriate projections/alternatives to division leaders.
• Work with other areas to evaluate and counsel regarding the financial impact of planned initiatives.
• Serve as support for cross-departmental initiatives involving coordination with other sales/support areas within the bank.

Coordination and Development of the Division's Annual Strategic Plan and Operating Budget

• Coordinate and facilitate ongoing planning and budget development activities within the 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 Division's plan and budget presentations to the division leaders and Operations/IT CFO.

Education, Skills and Qualifications

• BA Degree in Accounting or Finance required; MBA preferred.
• 5 or more years of relevant experience in 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 banking, including a strong understanding of line of business areas along with operations/information technology.
• Strong knowledge of financial valuation techniques and broad-based GAAP knowledge.
• Strong communication, organizational, analytical and decision-making skills required.

Equal Opportunity Employer

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. 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.