VP, FP&A Expense Management
New York, NY, US, 10172
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $126,000.00 and $170,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
Overview
We are seeking an experienced VP with strong communication and analytical skills to join the Financial Planning & Analysis team (FP&A) Expense Management team. Among other things, this individual will transform and drive transparency in SMBC Americas Division’s expense management. The VP will work with core Finance teams and other key colleagues to enhance the organization’s management reporting, budgeting, and forecasting processes. The individual should be skilled in driver-based planning, forecasting and reporting, financial data analysis, and scenario modelling to drive actionable insight. This function requires strong influencing and negotiation skills and provides the opportunity to demonstrate thought leadership to senior management.
Scope of responsibility includes driving execution of annual planning and monthly forecasting processes, producing standard monthly management reporting and ad hoc reporting and analysis for U.S. CFO and other senior stakeholders, and execution of key change related initiatives.
Responsibilities
- Drive key strategic initiatives within the U.S. CFO office in collaboration with cross-functional stakeholders
- Enhance and execute annual planning & monthly forecasting processes to enable entity, business, and regional views of expenses and headcount
- Build / maintain expense and headcount models to drive business decisions and help guide senior management in making strategic decisions with regards to expense management and overall profitability
- Produce monthly and ad hoc management reporting for U.S. CFO and other key stakeholders
- Identify, challenge, and communicate risks and impacts to management team while considering business implications and dependencies
- Collaborate with cross-functional stakeholders on ad hoc scenario analysis and expense management strategies
- Execute on critical initiatives, as needed, including performing gap assessment, analysis, setting up projects/initiatives to drive results
- Innovate and improve existing processes around management reporting; and build new processes where none exist
Qualifications and Skills
- Minimum of 7+ years’ experience in financial services industry in Financial Planning & Analysis roles
- Ability to manage multiple initiatives simultaneously and plan/prioritize appropriately
- Anaplan model building / user experience (nice to have)
- Ability to lead and drive initiatives through creative thinking and pragmatism
- Excellent communication skills and the ability to effectively build and manage relationships with cross-functional stakeholders across levels
- Intellectual curiosity – a desire to understand why something works the way it does and what if anything can be done to drive improvement
- Outstanding analytical and problem-solving skills
- Strong attention to detail and ability to independently work across functional groups inclusive of front/middle/back-office functions
- Strong verbal and written communication and presentation skills.
- Proficiency with Word, Excel, PowerPoint, Power BI, Tableau (along with ability to quickly learn new programs and applications)
- Collaborative and demonstrated ability to manage a team in dynamic environment
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
Nearest Major Market: New York City