FP&A Analyst - Boston, MA

Berkshire Bank; Boston (MA); Hybrid; USD 52,000 - 90,498; Full time

Benefits offered by this job

Equal Opportunity Employer

Job summary

Berkshire Bank is seeking a Financial Analyst for its FP&A team, located in Boston, MA, on a hybrid schedule. The analyst will play a critical role in financial strategy, including budgeting and forecasting, and will work closely with senior leadership.

The ideal candidate will possess a bachelor’s degree in a relevant field and have up to 2 years of experience in finance or accounting. Strong Excel skills and analytical abilities are essential for this role.

Qualifications

• 0-2 years of experience in finance, accounting, banking, or related field.
• Internship experience in finance or banking preferred.
• Strong attention to detail and commitment to accuracy.

Responsibilities

• Support the development of annual budgets and multi-year financial plans.
• Assist in analyzing financial results at the consolidated and bank level.
• Support preparation of recurring financial reports for internal management.

Skills

Financial modeling

Excel proficiency

Analytical skills

Communication skills

Education

Bachelor’s degree in Finance, Accounting, Economics, or related field

Tools

Power BI

Tableau

Job description

Position

Financial Analyst – FP&A (Grade 9, Exempt) – Location: Hybrid – Boston, MA (131 Clarendon St)

Salary Range: $52,000 - $90,498 (actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location).

Overview

FP&A is a small team that serves as the financial and analytical liaison between the core business units, corporate functions, investor relations, and senior management. It covers a wide variety of responsibilities, including budgeting and forecasting, capital planning, executive reporting, and analysis of new business opportunities. The FP&A Analyst position plays a critical role in managing the Bank’s financial strategy through budgeting, forecasting, profitability analysis, and financial reporting. The FP&A Analyst will partner with senior and executive leadership across the bank to provide strategic insights while maintaining and managing data integrity.

Essential Responsibilities

Financial Planning & Forecasting

• Support the development of annual budgets and multi‑year financial plans.
• Assist in maintaining financial models, including income statement and balance sheet forecasts.
• Gather and validate data inputs and assumptions from business units and subsidiary banks.
• Update forecast models and support monthly reforecast processes.
• Assist in documenting assumptions and ensuring consistency across planning processes.

Financial Performance Analysis

• Assist in analyzing financial results at the consolidated and bank level.
• Prepare monthly and quarterly variance analyses vs. budget, forecast, and prior periods.
• Support tracking of key performance indicators (KPIs), including ROA, efficiency ratio, and growth metrics.
• Identify basic trends and variances and escalate findings to senior team members.
• Assist with ad hoc analysis related to financial performance, customer trends, or balance sheet activity.

Management Reporting

• Support preparation of recurring financial reports for internal management.
• Assist in compiling data and ensuring accuracy of financial reporting packages.
• Help develop standard reports and dashboards under guidance from senior team members.
• Ensure timely and accurate delivery of recurring reports.

Profitability Measurement & Business Analytics

• Assist in gathering and organizing data for profitability analysis, including:
• Product performance
• Customer and segment trends
• Support analysis related to pricing, margins, and business line performance.
• Help maintain and update datasets used in profitability and business analytics.

Data, Systems & Process Improvement

• Maintain and update financial data files, reports, and models.
• Assist in improving data quality and consistency across reports.
• Support automation and reporting enhancements using Excel and BI tools.
• Participate in system implementation or process improvement initiatives as needed.

Education

• Bachelor’s degree in Finance, Accounting, Economics, or related field required.

Experience

• 0‑2 years of experience in finance, accounting, banking, or related field.
• Internship experience in finance or banking preferred.

Skills & Knowledge

• Basic financial modeling and analytical skills.
• Proficiency in Excel (formulas, pivot tables, data organization).
• Familiarity with financial statements (income statement, balance sheet).
• Exposure to BI tools (Power BI, Tableau) a plus.
• Strong attention to detail and commitment to accuracy.
• Effective communication skills and willingness to learn.
• Ability to manage multiple tasks and meet deadlines.
• Team‑oriented mindset with strong organizational skills.

Core Competencies

• Analytical thinking and problem solving.
• Attention to detail and accuracy.
• Intellectual curiosity and willingness to learn.
• Collaboration and teamwork.
• Accountability and reliability.
• Cybersecurity awareness to protect the Bank, its systems, and customers.

Beacon Bank is an Equal Opportunity Employer – all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at [e-mail].