Bank FP&A Senior Associate

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Job description

Employee Applicant Privacy Notice

Who We Are

Shape a brighter financial future with us.

Together with our members, we're changing the way people think about and interact with personal finance.

We're a next-generation fintech company using innovative, mobile-first technology to help our 2+ million members reach their goals. The industry is going through an unprecedented transformation, and we're at the forefront.

We're proud to come to work every day knowing that what we do has a direct impact on people's lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.

SoFi Bank

SoFi's mission is to help people reach financial independence to realize their ambitions. Financial independence means getting to a point where your money works for the life you want to live. Everything we do is geared toward helping our members get their money right. We're constantly innovating and building ways to give our members what they need to make that happen.

SoFi Bank is currently in formation and will establish a nationwide fully digital bank with a member-centric approach that provides relevant, fairly priced products throughout life stages and events. SoFi Bank will combine technology company marketing and customer experience savvy with large bank finance, operations and sound financial risk management capabilities in a way that is differentiated in the financial services market.

The role

As SoFi Bank Sr. Associate you will be a Strategic Partner to the Head of Bank FP&A and the SoFi Finance team. The role will require someone with a proven track record of success in the financial services sector, a high level of initiative, strong attention to detail, integrity and ability to partner across functional teams within the firm. You will be involved in the development of the bank's financial plan and key performance metrics required to achieve strategic management objectives. An ideal candidate is a self-starter with superior organizational, presentation and technical skills who thrives in a complex work environment. You will play a key role in supporting the growth and future of SoFi Bank.

What You'll Do

• Assist in the processes for building Bank financial models that will be used to plan, budget, and monitor financial performance
• Develop key profitability metrics and targets to support the Bank's growth
• Partner with the teams of each of SoFi's businesses to forecast revenue and expense to managed EBITDA and net income while understanding revenue generators at their atomic level in addition to identifying incremental ways to achieve revenue
• Collaborate cross-functionally with marketing, operations, product, pricing among other areas to understand how expenses will impact Bank and product contribution profit
• Execute processes with an emphasis on accuracy and timeliness of meeting deliverables on prescribed timelines
• Partner with the accounting team to understand and comply with all bank regulatory reporting requirements and explain financial performance relative to expectations
• Work closely with the treasury team to understand and manage balance sheet constraints
  

What You'll Need

• 5-7 years of finance-related experience at a top-tier bank or financial services firm, bank regulator, or Big 4 firm
• BA/BS in Business, Economics, Accounting, or equivalent
• Understanding of (1) the drivers of the business, (2) understanding of unit economics for each of the businesses, (3) different types of earnings associated with the businesses
• Strong understanding of bank regulations, capital/liquidity management, and banking industry
• Ability to articulate and deliver insightful, relevant analysis of Bank financial data and business results (income statement, balance sheet, capital, revenues, expenses, yields) to determine present and future financial performance
• Evaluation of macroeconomic conditions and their impact on business operations
• Excellent modeling skills with the ability to create from scratch and lead model development efforts
• Ability to develop analytics tools, tableau and other dashboard to report key metrics
• High efficiency as a reliable problem-solver who is comfortable navigating new, ambiguous, and/or time-sensitive situations and exercises discretion related to confidential materials and company information
• Exceptional analytical, creative problem solving, and modeling skills
• Very strong Excel and PowerPoint/Slides skills; must have familiarity with ERP, BI, and other corporate software applications
• Familiarity with financial controls, operations, and accounting
• Ability to navigate and thrive in a fast-paced, constantly evolving, and often ambiguous environment
• Positive attitude and willingness to learn and grow within the organization
  

Nice To Have

• CFA, CPA and/or MBA
  

Why You'll Love Working Here

• Competitive salary packages and bonuses
• Comprehensive medical, dental, vision and life insurance benefits
• Generous vacation and holidays
• Paid parental leave for eligible employees
• 401(k) and education on retirement planning
• Tuition reimbursement on approved programs
• Monthly contribution up to $200 to help you pay off your student loans
• Great health & well-being benefits including: telehealth parental support, subsidized gym program
• Employer paid lunch program (except for remote employees)
• Fully stocked kitchen (snacks and drinks)
• These benefits are only applicable to full time employees
  

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.