What are the responsibilities and job description for the Manager Business Unit Finance - FP&A Experience Preferred position at Navy Federal Credit Union?
Overview
To plan and manage the reporting and analyses of business unit financial data to drive operations and strategic business decisions. Ensure appropriate and validated use of budget and financial information in cost accounting and financial analysis. Provide subject matter expertise and guidance to the General Counsel & Legal Operations, Enterprise Risk, and Internal Audit offices regarding financial performance. Support Chief Legal Officer, Chief Internal Audit Officer, and Chief Risk Officer in developing and executing strategic plans. Work is performed under general direction.
Responsibilities
- Manage the development of the department's Annual Financial Plan; review division submissions for completeness, accuracy, and compliance with budget directives
- Prepare and present consolidated summaries of the business unit Annual Financial Plans to executive management
- Analyze and interpret Annual Financial Plan variance analysis and historical trend reports for all divisions within the business unit departments to monitor expenses and gain an understanding of account behavior to enhance the development of future Annual Financial Plans
- Plan and execute Quarterly Reforecast Process; identify variances and evaluate the financial impact of new business initiatives
- Lead the review of all division investment proposals with a focus on strategic, return on investment, and financial implications across the organization; prepare reports for monthly presentation to the President's Committee
- Collaborate with EPMO, Procurement, ISD and HR to provide financial management of the department's strategic initiatives
- Analyze complex financial information and reports to provide accurate and timely financial recommendations to senior management for decision making purposes
- Provide consultative support for financial matters for all business unit departments
- Report key strategic financial metrics, including profitability metrics, sensitivity analysis and cost / benefit trade-off outlines to senior management to inform strategic business decisions
- Provide insight to senior management regarding impacts of external and internal environment changes on the profitability of different products / services / channels
- Prepare summaries, analyses, reports, charts, graphs, instructions, and manuals / reference materials for inclusion in ad hoc and required reports
- Produce, distribute, and review monthly department financial results to senior management
- Investigate and resolve questions and discrepancies by actively collaborating and communicating across business lines
- Review and recommend modifications to Activity Based Costing system to ensure accuracy of inputs into key financial metrics
- Coordinate with Finance and Accounting on general ledger and cost center updates, structures, corrections, transfers, and adjustments to ensure accurate record of expenditures for business units, correct accounting for origination activities and presence of risk controls
- Support accounting / procurement functions and related processes, including requisitions, purchase orders, invoices, and approval requirements
- Provide guidance on personnel metrics to include overtime usage, billet vacancy rates and monitoring of consultants / temporary workers subsidizing full time employees
- Serve as liaison with internal colleagues / contacts to resolve financial issues and / or business process changes
- Lead or participate in organization-wide project teams
- Collaborate with business unit and senior management to support organization strategies and tactics
- Manage business reporting and ensure analytics and reporting tools are in place to achieve optimal results
- Maintain thorough knowledge of applicable federal and state laws, rules, regulations and Navy Federal policies and procedures
- Ensure compliance with internal and external documentation and disclosure requirements
- Perform supervisory / managerial responsibilities
- Ensure adequate / skilled staffing; select employees
- Establish performance goals and priorities
- Prepare, conduct and review performance appraisals
- Develop, mentor and counsel staff
- Provide input and / or prepare budget requirements for Annual Financial Plan (AFP)
- Ensure section / branch goals and objectives align with division / department strategy
- Ensure efficiency of operations
- Leadership Level - Supervise daily activities
- Perform other duties assigned
Qualifications
Desired Qualifications
Hours : Monday - Friday, 8 : 00AM - 4 : 30PM
Locations : 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive, Pensacola, FL 32526 | 141 Security Drive, Winchester, VA 22602
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful : Make our mission your passion.
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Equal Employment Opportunity : Navy Federal values, celebrates, and enacts diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
Hybrid Workplace : Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
Disclaimers : Navy Federal reserves the right to fill this role at a higher / lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act : Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
