FP&A Analyst

About Working at Commerce 

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.  

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk. 

Compensation Range

As a FP&A Analyst, you'll serve as a member of the Financial Planning and Analysis (FP&A) team and is a financial liaison for a designated departments within the Bank. This support includes monthly reporting, variance analysis, unit cost studies, budget and forecasting and other financial analysis. 

You'll work with various levels of management within the Business Unit, as well as corporate stakeholders to develop, interpret and implement financial reporting related to strategic planning, budgeting, and forecasting to drive business results. The FP&A Analyst is also responsible for the execution of monthly/quarterly/annual internal management reporting processes established by management. You will be responsible for providing accurate and timely output that is critical to other FP&A reporting and processes.

About This Job

The main purpose of this job is to work with various levels of management within the Business Unit, as well as corporate stakeholders to develop, interpret and implement financial reporting related to strategic planning, budgeting, and forecasting to drive business results. This role primarily supports the Retail Banking segment.

Essential Functions

• Perform financial forecasting, reporting, and operational metrics tracking

• Perform monthly processes used in internal Management reporting

• Work with Service and Support leaders to establish/update unit costs for services provided

• Report on financial performance and prepare for regular leadership reviews

• Analyze past results and perform variance analysis identifying trends and anomalies

• Evaluate financial performance by comparing and analyzing actual results with plans and forecasts

• Update financial models and analyses to support strategic initiatives

• Research, analyze and synthesize data from multiple sources into business information as directed by Business Unit leaders and/or team leaders

• Identify and drive process improvements, including the creation of standard and ad-hoc reports

• Support Business Unit leaders with data-driven analysis

• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Intermediate knowledge of Financial Planning and Analysis functions

• Intermediate analytical  and quantitative skillset, including the utilization of BI and reporting tools

• Intermediate independent thinking and problem-solving skills

• Ability to demonstrate solid business acumen

• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities.

• Inquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skills.

• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values

• Strong level proficiency with Microsoft Word, Excel and Outlook.

Education & Experience

• Bachelor’s degree in Accounting/Finance/Business, or equivalent combination of education and experience required

• Experience with financial systems such as Workday Financials, Adaptive Planning, or similar tools preferred

• 3+ years of financial planning and analysis related experience required

 *Hybrid Schedule: In office 3 days per week  

***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles.  This compensation range is for the FP&A Analyst job and contemplates a wide range of factors that are considered in making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $72,000 to $85,000 annually.

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The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits.  Click here to learn more.

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