Functional Job Title : Finance FP&A Specialist, Senior ManagerReports to : AVPDepartment/ Division : Expense Insights Center Basic Purpose of Job:The Expense Insight Center specialist provides subject matter knowledge in the assigned area of Financial Planning & Analysis along with Technical exposure, develops a thorough understanding of State Street’s business practices to effectively perform independent, complex reporting or analytics to support the ad-hoc needs of the businesses. Reporting to the Expense Insight Center AVP, the specialist will be performing a multitude of activities associated with reporting and analytics of Compensation & Benefit costs and other expenses across Business Units.The candidate should have a background in financial analysis, typically acquired through related experience in the financial services industry. The position requires excellent analytical, research and financial modeling ability coupled with strong communication, and time management skills.Job Responsibilities:
Assist in the preparation of monthly management information reports that provide senior management with an understanding of the Headcount, Salaries and Benefits costs to facilitate decision making, including monthly variance analysis, key driver / metric analysis, and measurement of performance trends.
Act as Subject Matter Expert for Headcount and Salary costs across the countries and for Organization as a whole
Assist/ Own Budget and Forecast related to Employee costs at country level and as a whole
Review the Salary related costs time to time and provide with any Risks/ Opportunities associated with the same with central FP&A group for Outlook purposes
Ad-hoc support to CFO group on Headcount and Salary related queries
Assist in building a culture of continuous improvement - critically examine and assess existing financial analysis practices and suggest improvements wherever necessary.
Work closely with accounting team to identify and implement process improvements and monitor spend.
Required to participate in or conduct a wide range of accounting and financial analyses on critical and complex issues which may include variance analysis, forecasts, budgeting, cost control and accounting transactions.
Perform annual operational planning process (budget) along with variance analysis for management review.
Education and Experience:
MBA (Finance) or CA with 12-14 years of experience, ideally covering multiple of the following:
Financial and business analysis, preferably with assessing people related costing in a global setting
Strong communication and presentation skills, ability to interact with executive management.
Exhibits an exceptional standard of quality which includes attention to detail, organization, thoughtful analysis and problem solving and accountability for excellent results.
Deep-dive analysis on comp & benefits expenses against Budget/ Forecast and Historical information
Should have strong hands-on expertise with Excel & Power BI
Exposure to Alteryx and Tableau is an added advantage
Direct support to business or product line management / executives
Experience with preparation of budgets, variance analysis and insights
Willingness to take challenges and drive issues/queries to resolution independently.
Skills/ Knowledge:
Must possess strong communication skills with ability to participate in or lead conference calls and present financial results to financial and non-financial audiences at various levels of seniority
Proficiency in Microsoft Office suite (Excel, Access, Power BI), advanced levels of excel (pivot tables, formulas, excel workbook maintenance best practices)
Knowledge of Hyperion Essbase and SmartView.
Knowledge of Oracle a plus
Strong Analytical skill set
Exposure to Alteryx and Tableau is an added advantage.
Self-motivated, self-assured, self-managed & a team player
Proactive and ability to build relationship with BU and Cross Functional Teams.
Ability to analyze and summarize complex financial matters and their impact to the bank
Ability to multi-task and work under high pressure deadlines
