Overview
Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members -do better.- Joining PenFed is more than being an employee; it's about being a part of the PenFed family.
PenFed is hiring a Manager, Financial Planning and Analysis at our Tysons, Virginia location. The primary purpose of this role will be to manage PenFed's product profitability management process and will develop and maintain business line P&L which include NIM, Direct OPEX and other indirect costs.
Responsibilities
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
Develop and maintain profitability analysis process across business line segments, product groups, origination channels, and customer segments to provide transparency into revenue/cost structures
Develop financial planning and reporting packages to management teams
Maintain effective partnerships with business unit, operational groups, management teams to provide profitability report on an ongoing basis as business objectives evolve and markets change, to ensure competitive pricing, performance to plan, and to maintain core profitability
Prepare and deliver formal written analyses, reports and presentations of actual results versus plan to LOB teams, Senior Management, and the Asset/Liability Committee on a regular basis including the drivers of those results
Help converting Excel based profitability report framework to Hyperion Planning system
Provide insights into the identification of activity based drivers for LOB P&L, cost allocation, working closely with operations and accounting groups to establish and maintain a revenue/expense driver data collection process
Maintains a broad knowledge of relevant FASB accounting standards including FAS 91 and a thorough understanding of funding considerations for loan products such as autos, mortgages, and credit cards
Ad hoc reporting/presentation and projects to assist Finance partners
Qualifications
Equivalent combination of education and experience is considered.
Advanced degree in finance, economics, mathematics, or another quantitative discipline and experience that provides the necessary skills and knowledge to satisfactorily perform the essential job functions.
Minimum of eight (8) years of finance/ banking industry experience with at least three (3) years on product profitability
Minimum of three to five (3-5) years in a Managerial/Supervisory role
Excellet skills in Excel modeling and Powepoints presentations are strongly recommended
Experience using Hyperion Planning is preferred
In-depth knowledge of financial services businesses and complex financial products
Excellent understanding of financial statements specifically balance sheet and income statements
Ability to condense highly technical subject matter into clear and effective communications to Senior Management.
Proven interpersonal and organizational skills, including the ability to support and defend their analytical work to Senior management.
Licenses and Certifications
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.
Travel
The role is hybrid requiring certain time in the office (Tyson)
Ability to travel to various worksites and be on-call may be required.
Special Message Regarding COVID 19
PenFed is continuing to hire and train exceptional individuals to help us serve our 2 million members both here and around the world. In light of the current situation with COVID-19, we have modified our hiring, onboarding, training, and deployment protocols in order to comply with applicable current local and state guidance.
About Us
Established in 1935, PenFed today is one of the country's strongest and most stable financial institutions with over 2 million members and over $26 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.
We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.
Equal Employment Opportunity
PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.
PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 240-224-4256.
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