FP&A Analyst

Rate; United States; On-site; USD 80,000 - 90,000; Full time

Job summary

Rate is a leading retail mortgage lender based in Chicago, using tech-driven processes to help customers achieve homeownership. We seek an FP&A Analyst to support forecasting, budgeting, and strategic decision-making across Production, Operations, and Corporate functions.

You will develop advanced financial models in Excel, analyze variances, and partner with Accounting, Capital Markets, Sales, and Leadership to deliver insights that optimize profitability and efficiency.

Qualifications

• 1–5+ years of FP&A or related finance experience in mortgage/financial services.
• Strong understanding of P&L, balance sheet, and cash flow dynamics.
• Advanced Excel modeling with data automation and scenario analysis.
• Experience with financial systems such as LoanVision, Workday Adaptive Planning, Oracle, Tableau or Power BI preferred.

Responsibilities

• Lead monthly forecasting, annual budgeting, and long-range planning for Production, Operations or Corporate functions.
• Analyze monthly results and explain variances against forecast and budget.
• Develop and maintain advanced Excel models for origination volume, margins, productivity, and profitability.
• Perform variance and trend analysis to improve profitability and cost efficiency.
• Collaborate with Accounting, Capital Markets, and Operations to ensure financial accuracy.
• Support leadership with KPI reporting, board materials, and executive presentations.
• Identify process improvements to enhance forecast accuracy and reporting efficiency.

Skills

Forecasting

Financial analysis

Excel modeling

Data storytelling

Communication

Tools

LoanVision

Workday Adaptive Planning

Oracle

Tableau

Power BI

Excel

Job description

Rate is one of the nation’s top retail mortgage lenders, delivering a seamless, tech-driven experience that helps customers reach their homeownership and financial goals. Founded in 2000 and based in Chicago, Rate is licensed in all 50 states and D.C. and has helped over 2 million homeowners with a wide range of loan products, competitive rates and personalized service. With 5,000+ employees across 300+ offices and 12+ subsidiaries, Rate’s Loan Officers rank among the best in the country. From purchases and refinances to tapping into equity, Rate makes financing faster, simpler and less stressful. Our technology — including Same Day Mortgage, the Rate App, FlashClose℠, MyAccount and the Language Access Program — has earned recognition from HousingWire, Scotsman Guide, NerdWallet, the Chicago Tribune and Crain’s Chicago Business. Learn more at rate.com.

Pay Range: $80,000- $90,000 annually

Position Summary:

We are seeking a highly analytical and business-oriented FP&A Analyst to support our organization within a fast-paced mortgage banking environment. This role will partner closely with Production or Corporate leadership, Sales, Operations, Capital Markets, Servicing, and Executive Management to provide financial insights, forecasting, reporting, and strategic decision support related to mortgage originations and operational performance.

The ideal candidate has strong mortgage industry knowledge, financial modeling skills, and the ability to translate operational data into actionable business insights. This individual must be comfortable operating in a dynamic environment where volume, margins, and market conditions change rapidly.

Responsibilities:

• Lead monthly forecasting, annual budgeting, and long-range planning processes for Production, Operational or Corporate functions ensuring alignment with company goals
• Analyze monthly financial results and provide variance explanations against forecast, budget, and prior periods
• Develop and maintain advanced financial models in Excel related to mortgage origination volume, pull-through, gain-on-sale margins, productivity, capacity planning, and profitability
• Perform detailed variance and trend analysis, providing actionable insights to improve profitability and cost efficiency
• Partner cross-functionally with Accounting, Capital Markets, and Operations to ensure financial accuracy and operational alignment
• Support leadership in strategic planning, scenario modeling, executive reporting packages, board materials, management presentations and other various KPI reporting.
• Identify and implement process and automation improvements to enhance forecast accuracy and reporting efficiency
• Contribute to the development of metrics and dashboards to track key performance indicators

Qualifications:

• 1-5+ years of experience in FP&A, accounting, or related finance role — preferably within the mortgage banking or financial services industry
• Strong accounting foundation with understanding of P&L, balance sheet, and cash flow dynamics
• Expert-level Excel skills including complex modeling, scenario analysis, and data automation
• Experience with financial systems such as LoanVision, Workday Adaptive Planning, Oracle, Tableau, or Power BI preferred
• Proven ability to synthesize large datasets into meaningful insights
• Strong analytical, problem-solving, and communication skills with the ability to present findings to senior leadership
• Familiarity with loan origination, funding, and secondary marketing processes is a plus

Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason, as protected by law.

The company offers a comprehensive benefits program to eligible employees, including eligibility to participate in a company-sponsored 401(k); vacation benefits; eligibility for medical, dental, vision, and prescription drug benefits; flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts); life insurance and death benefits; critical care insurance; personal accidental insurance; commuter benefits; pet insurance; certain time off and leave of absence benefits; well-being benefits (e.g., employee assistance program); and other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources).