Financial Analyst - Corporate Costing & Analytics

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

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At Regions, the Financial Analyst gathers, organizes, analyzes, and communicates relevant financial information in support of line of business partners.
 

Primary Responsibilities

• Analyzes, consolidates, interprets, and communicates financial data
• Prepares detailed reports and presentations for review by all levels of management
• Monitors business unit financial performance against plans, forecasts, and budgets
• Consolidates a wide range of operating and financial projections for the development of both short-term and long-term business plans
• Assists with junior analyst training and development
• Offers advice and guidance to junior analysts on occasion, assisting in the development of necessary skills and promote continuous improvement initiatives
• Works independently and receives minimal guidance

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

• Master's degree in Finance, Accounting, or a directly related field and one (1) year of experience with management financial reporting
• Or Bachelor's degree in Accounting, Finance, or a directly related field and three (3) years of experience with management financial reporting

Preferences

• Experience within a financial services industry

Skills and Competencies

• Basic Visual Basic for Application (VBA) and Structured Query Language(SQL) skills
• Intermediate financial analysis & modeling skills
• Intermediate knowledge of financial statements
• Moderate Qlik skills
• Strong attention to detail
• Strong Essbase skills
• Strong PowerPoint and Excel skills
• Strong quantitative and technical aptitude
• Strong verbal and written communication skills

The Regions’ Corporate Costing and Analytics team is a highly collaborative and innovative group of people who leverage their talents and skills to provide a superior product to our Finance and Business constituents. The team is responsible for delivering actionable multi-dimensional insights to all Lines of Business and Support areas for Budget, Actual and Forecast scenarios. While each teammate has their specific role and responsibilities, to be successful we leverage the complementary skills each teammate possesses which allows for interactive dialog, problem solving and ideation.  A robust knowledge across the breadth of banking is preferred with an emphasis on expense analysis, business processes and process modeling, budgeting and forecasting, and analysis of processing results.  Excellent communication and technical skills are required to meet the requirements of the position.

Additional Responsibilities:

• General understanding of Support Cost (aka Support Expense) results and how the Cost Team transforms Direct NIE into Support Costs.
• Cost Studies: Perform new studies, updates, and maintenance.  Monitor charges/recoveries, perform variance analysis, and business analytics.

• General Financial Manager and Financial Analyst support with Line of Business partners.
• Monitoring of changing organizational and expense account hierarchies via monthly RDMWG (Reporting Dimension Management Working Group).
• Support of annual budget process: defining study group/area hierarchies, defining Direct Non-Interest Expense (DNIE) pools, confirming volume assumptions, aligning shared service (HR, Technology, Facilities, Cyber Security) expense pools to appropriate study groups, pushdown validation, and results validation.
• Support of monthly actual processing via multiple validations: volumes, rate times volume, recoveries/residual, and checking for backdated entries.
• Support of multiple forecast processing cycles: similar to budget process with a minimal turnaround time.
• Utilization of BI Tools (primarily Excel, SQL Developer, Essbase, and Qlik) to support aforementioned responsibilities.

Additional Skills:

Strong Technical Skills are necessary for success in the Cost Analyst role:

• Expert level Excel 365 skills (index, match, arrays, v and x functions, pivot tables, charts, VBA, complex nested functions), Oracle Hyperion Essbase.
• Mid-level SQL coding capabilities for Oracle, SQL Server, Data Lake and other database platforms which serve as data repositories for transactional volumes, financial, and profitability information for cost processes and cost results.
• Ability to work with large volumes of data using appropriate tools (Management Studio, SQL Developer, QLIK, Tableau) to create consumable business information and insights.
• Functional capabilities using/programming BI Tools (Tableau, Qlik, Power BI, etc.)

This position is intended to be onsite, now or in the near future. Associates will have regular work hours, including full days in the office three or more days a week.  The manager will set the work schedule for this position, including in-office expectations.  Regions will not provide relocation assistance for this position, and relocation would be at your expense.  

This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

Regions will not sponsor applicants for work visas for this position at this time. Applicants for this position must be currently authorized to work in the United States on a full-time basis.

Position Type

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

Median:

Incentive Pay Plans:

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time

• 401K with Company Match

• Medical, Dental and Vision Benefits

• Disability Benefits

• Health Savings Account

• Flexible Spending Account

• Life Insurance

• Parental Leave

• Employee Assistance Program

• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

https://www.regions.com/about-regions/welcome-portal/benefits

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.