Financial Business Analyst

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Financial Analyst (FA) will work within Treasury Management Products, Sales and Services unit of IDBNY. The role will be focused on gathering business requirements from users, analyzing the need, creating business requirement documents and designing solutions while partnering with other stakeholders.. The FA will create senior management reporting packages around revenue, KPIs, sales in pipeline, transactional risk, etc.

Job Duties

• Analyzes, specifies, validates and identifies trends in production, gaps, areas for improvement, and overall monitoring and defining key performance indicators as per business needs.
• Facilitates meetings with the appropriate subject matter experts in both business and support teams to determine project scope and solution.
• Creates, maintains and extracts Daily/Monthly/Quarterly/Ad-Hoc business analytics and management reports for Treasury Management Product, Sales and Service units (financials, P&L, dashboards, productivity reports, Sales tracking, etc.) as well as supporting Internal Audit’s needs.
• Reviews exception reports tied to client transactions
• Creates process flow diagrams, charts, and other types of system or process representations.
• Performs analysis to determine and verify business requirements.
• Creates and/or maintains documentation (including internal procedures) using best practices.
• Work with IT team and Vendors to create and/or setup reports required by Line of Business for an insight on client’s transactional activity.
• Optimizing Treasury Solution forms for both commercial and consumer applications.
• Work with Marketing team to improve product marketing materials, forms and sell-sheets.
• Aid in developing data analytics to support cross-sell efforts with the business units.
• Participates in internal activities, testing and initiatives aimed at enhancing client experience, data integrity, optimizing workflows, case management processes etc.
• Partners with the Business and support teams  to establish protocols like procedures, review methods and process gaps in day to day business activities, operational handling and client servicing.

• 3+ years of experience as a Financial or Business Analyst in the financial services or banking industry
• Strong technical skills including Excel, Visio, Word and PowerPoint
• Knowledge of PowerBI, PowerQuery is a plus but not required
• Prior experience with Salesforce and Core Banking systems is beneficial but not required.
• Experience with designing business solutions around performance metrics
• Accomplished in using best practices for gathering and documenting complete and detailed requirements.
• Knowledge of Treasury Management Products and Solutions
• Experience working with 3rd party vendor solutions
• Strong oral and written communication skills
• Able to handle multiple tasks with prioritization skills.
• These qualities are required to be successful in this role: analytical mind set, proactive approach, self-driven and detail-oriented.
• Salesforce experience is “strongly desired”
• Advanced MS Excel skills (formulas, etc.)

Compensation

The expected annual salary for this position is between $85,000 and $100,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

We are operating on a hybrid schedule. 

NO AGENCIES PLEASE.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.