Primary Purpose of Job
The HR Financial Analyst is responsible for supporting workforce financial planning, reporting, budgeting, and analytics across the bank. The role analyzes financial and workforce data, develops forecasts, prepares management reports, and supports strategic workforce planning initiatives. The ideal candidate combines strong financial analysis skills with an understanding of human capital metrics, banking operations, and compensation practices.
Major Job Accountabilities
Analyzes, verifies and monitors Bank wide compensation and benefits expense as well as Human Resources and Learning & Development departmental expenses.
- Develops and administrators the annual workforce and HR operating budgets. Tracks and produces monthly reporting to share with Management.
- Prepares monthly, quarterly, and annual forecasts for salaries, benefits, incentives, and labor-related expense reports that are presented to Executive Management with insights/analysis/comments.
- Monitors actual workforce spending against budget and identifies variances, trends, and risks.
- Tracks staffing costs related to vacancies, new hires, promotions, and organizational changes.
- Supports organizational structure and workforce planning analyses.
Compensation & Benefits budget, reporting and business planning across bank.
- Prepares department and Bank wide compensation and benefits budget.
- Works with HR management team in the preparation of Human Resources and Learning & Development budgets.
- Performs analyses to salary budgets, merit increases, incentive accruals, and compensation trends and enter assumptions into the budget system.
- Validates compensation and incentive data for accuracy and completeness.
- Assists in evaluating compensation program effectiveness and competitiveness.
- Prepares annual budget reports and analysis; advise business on trends and/or insights.
- Prepares reports and dashboards for leadership related to compensation and workforce costs.
- Automates reporting processes and identify opportunities for increased efficiency.
Support strategic business initiatives and build organizational capability.
- Applies a data driven approach to help influence business decisions.
- Acts as a resource to Business Units and members of the Human Resources team on workforce planning and other financial matters.
- Demonstrates understanding of financial issues affecting business
- Acts as a liaison to the Finance Division
Completes special projects and ad hoc requests.
Experience Required
Minimum five (5) years of experience in the following:
- Accounting, financial analysis, or FP&A experience.
- Experience with budgeting, forecasting, and financial reporting.
Required Skills or Training
- Understanding of GAAP and regulatory accounting principles and financial accrual reporting standards.
- Must be able to handle confidential and sensitive information with integrity, discretion, and exercise good judgment.
- Knowledge or workforce planning and labor cost management principles.
- Advanced in Microsoft Excel, including pivot tables, lookups, forecasting, and financial modeling.
- Strong attention to detail and commitment to data accuracy.
- Excellent written, verbal, and presentation skills.
- Ability to analyze large datasets and communicate findings effectively to non-financial audiences.
EOE, including disability/veterans
At American Savings Bank, we welcome and support all individuals and celebrate the diversity of our team members, customers and community. We are committed to ensuring that our online application process is accessible and provides an equal employment opportunity to all job seekers. If you need assistance searching for a job or submitting an application, please contact us by calling 808-538-2000 and a member of our Recruitment team will follow up with you. Mahalo for your interest in American Savings Bank!
Skills Required
- At least five years of experience in accounting, financial analysis, or FP&A
- At least five years of experience with budgeting, forecasting, and financial reporting
- Understanding of GAAP and regulatory accounting principles
- Knowledge of financial accrual reporting standards
- Knowledge of workforce planning and labor cost management principles
- Advanced Microsoft Excel skills, including pivot tables, lookups, forecasting, and financial modeling
- Ability to handle confidential and sensitive information with integrity and discretion
- Strong attention to detail and commitment to data accuracy
- Excellent written, verbal, and presentation skills
- Ability to analyze large datasets and communicate findings to non-financial audiences
What We Do
American Savings Bank (ASB) has served Hawaii’s businesses and communities for over 100 years, offering a full range of financial services including business and consumer banking, home loans, insurance and investments. One of Hawaii’s leading financial institutions, ASB provides convenient online banking and branch locations statewide with evening, weekend and holiday hours. For six years, Forbes has named ASB America’s Best In-State Bank, recognizing its performance in trust, branch and digital services, customer service, financial advice, and terms and conditions. ASB pairs its customer experience with a nationally recognized employee experience. It has been named one of Hawaii Business Magazine’s Best Places to Work for 15 years and honored by American Banker as one of the Best Banks to Work For, by Newsweek as one of America’s Greatest Workplaces, and by Fortune as one of the 100 Best Workplaces for Women and 50 Best Workplaces for Diversity. Through its Seeds of Service program, ASB teammates have contributed more than 136,000 volunteer hours, with millions of dollars donated to Hawaii nonprofits and community organizations. For more information, follow American Savings Bank on Facebook, Instagram and LinkedIn.
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