Financial Planning & Analysis
Summary:
The role will be responsible for the gathering, validation and consolidation of budget assumptions for the assigned LOB’s during Annual Budget Planning, update and review of the working templates and presentation or deployment decks, monthly or quarterly adjustment of budget forecasts, monthly review of actual expenses versus budget and variance analysis with assigned LOB’s, act as an LOB business partner by providing guidance and assistance related to budget or Finance queries, prepare management reports, assist in the cost simulations for BAU and site projects and budget & expense validations and other ad hoc activities as assigned.
General Responsibilities:
1. Prepare and consolidate working templates for the projection of budget for the assigned LOB’s on a quarterly (or as needed) and on an annual basis. This includes the following:
Gathering, review and validation of the budget assumptions to ensure relevance and appropriateness of data used
Consolidation of budget requests for assigned LOB’s and expenses
Regular check-in with LOB’s to gather and review budget assumptions closing
Preparation of decks for OL and AB proposal reviews
Deployment of approved OL and AB (hardcopy with sign-off)
2. Act as LOB partner to ensure the appropriate utilization of their budget, which includes conducting regular cadence to discuss actual budget utilization and variance, recommend or provide guidance in managing their budget, etc.
3. Prepare management reports such as but not limited to Profit and loss statements during monthend closing, weekly P&L projection to assist in the yearend closing, MBR & QBR slides related to budget and other ad hoc reports
4. Simulate cost-saving initiatives, projects or new investments, etc.
5. Assist in the review and update of the standard and procedure for Budget & Reporting
6. May be assigned or rotated within the budget team or Finance team
7. Identify and drive process improvements as needed
8. All other job-related duties that may be assigned
Educational Background:
Bachelor’s Degree in Accounting and must be a Certified Public Accountant (CPA), CMA preferred
Professional Experience:
Must have 2-3 years budget-related experience
Preferably with 1-year audit experience and 1-year in supervisory role
Preferably has working experience in a multinational company, shared service, BPO or Call center setting
Skills Required:
Knowledge of standard accounting policies and procedures
Knowledge in PeopleSoft or any Enterprise Resource Planning (ERP)
Software/applications (SAP, Oracle) is an advantage
Very strong in analytical and problem-solving skills
Very keen to details and works with high level of accuracy
Has advance skill in using MS Excel and proficient in using PowerPoint
Can identify opportunity areas and drive process improvements
Demonstrates strong learning agility and ownership for personal development
Demonstrates strong ownership and excellent in follow thru
Collaborates well within and across different functions
Flexible, resilient, adaptable to changes and willing to extend reporting hours especially during budget season, monthend closing and quarterly forecasting
Anticipates, understands, and responds to the needs of internal and external clients to meet or exceed their expectations with the organizational parameters
Able to work in a fast-paced environment and can effectively manage multiple tasks assignments
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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).
Who We Are
At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.
Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.