Senior FP&A Director: Strategy, Profitability & Growth

Eastern Bank; Wakefield (MA); On-site; USD 166,000 - 255,000; Full time

Benefits offered by this job

Benefits package

Total Rewards program

Tuition reimbursement

Job summary

Eastern Bank is seeking a Director of Financial Planning & Analysis (FP&A) to lead the Bank's budgeting, forecasting, profitability reporting, and strategic financial analysis. This role advises the CFO and executive leadership, guiding growth, efficiency, and shareholder value.

Reports to the CFO and collaborates with Treasury, Accounting, Risk, and Operations. Responsibilities include directing annual budgets, long-range planning, FTP governance, cost allocation, and executive dashboards.

Qualifications

• 15+ years of progressive finance, FP&A, profitability, Treasury, or banking finance experience.

Responsibilities

• Lead annual budgeting process and ongoing financial forecasting activities.
• Develop and maintain short-term and long-term financial plans aligned with corporate objectives.
• Monitor actual performance against budget and forecast; provide variance analysis and actionable recommendations.
• Deliver monthly, quarterly, and annual financial performance reporting to Executive Management and the Board.
• Identify financial trends, risks, and opportunities impacting business performance.
• Partner with Executive Management in developing and executing the Bank's strategic plan.
• Evaluate strategic initiatives and growth opportunities through detailed financial analysis.
• Perform sensitivity analysis to support strategic decision-making.
• Develop financial projections that support capital & tax planning and organizational growth objectives.
• Provide leadership to Divisional Finance Officers, ensuring consistency of reporting and governance.
• Establish financial performance metrics and accountability frameworks.
• Mentor and develop finance team members while fostering collaboration.
• Serve as the primary escalation point for complex financial analysis and strategic business support.
• Oversee FTP methodology and collaboration with Treasury/ALM.
• Present FTP performance, trends, and recommendations to senior & executive management.
• Support profitability measurement through accurate attribution of net interest income and funding costs.
• Lead enterprise cost allocation methodologies and governance processes.
• Oversee activity-based costing and profitability measurement for business lines, customers & products.
• Evaluate expense management opportunities and operational efficiencies.
• Provide transparency into cost drivers and profitability performance.
• Ensure allocation methodologies are documented, supportable, and aligned with business objectives.
• Develop executive dashboards, KPI reporting, and management scorecards.
• Present financial results, forecasts, strategic analyses, and profitability insights to Executive Management, Management Committees, and the Board.
• Strengthen financial analytics capabilities through process enhancements and technology utilization.
• Provide insights into revenue growth, margin expansion, capital utilization, and expense management.
• Ensure compliance with internal financial policies and regulatory expectations.
• Support enterprise stress testing, capital planning, and strategic risk assessment activities.
• Maintain strong internal controls related to planning, profitability, and management reporting processes.
• Partner with Accounting, Finance, Treasury, Risk, and Operations to ensure data integrity and reporting accuracy.

Skills

Advanced financial modeling

Scenario forecasting

Excel & PowerPoint

Power BI or Tableau

SQL knowledge

Strategic thinking

Leadership

Education

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

MBA

Tools

Axiom

Adaptive

Oracle EPM

Hyperion

Power BI

Tableau

Job description

Eastern Bank is seeking a Director of Financial Planning & Analysis (FP&A) to lead the Bank's budgeting, forecasting, profitability reporting, and strategic financial analysis. This role advises the CFO and executive leadership, guiding growth, efficiency, and shareholder value.

Reports to the CFO and collaborates with Treasury, Accounting, Risk, and Operations. Responsibilities include directing annual budgets, long-range planning, FTP governance, cost allocation, and executive dashboards.