Job description
Old National Bank was established in 1834. Today, we are the largest financial services holding company with dual headquarters in Chicago and Evansville, IN. We provide an array of services to our clients which include Community Banking, Investments, and Wealth Management. At Old National, we believe that by helping our team members balance work life with home life, we create a more productive workforce and a stronger company.
We are currently seeking a Commercial Financial Officer that will serve as the finance and accounting business partner for the Commercial line of business executive leader and team. Responsible for all aspects of financial and strategic planning support including: 1) Reporting, monitoring, and analysis of the division’s financial and operational performance, 2) Financial evaluation of proposed strategic initiatives, acquisitions, divestitures, line expansion, pricing, product development, etc., 3) Coordination and Development of the business line’s annual strategic plan and operating budget.
Duties and Responsibilities
- Coordinate the commercial division’s recurring financial and performance related management reporting; including budget variance reports, performance trend analytics, and divisional scorecards.
- Recommend and oversee the development and implementation of proposed improvements in the reporting and communication processes to improve management effectiveness and accommodate growth.
- Provide analysis and council to division leaders regarding financial and operational performance of the various business segments within the Commercial area.
- Prepare and deliver recurring communication to executive management concerning the Commercial Division’s financial and operating performance.
Analytical Support for Commercial Division
- Support financial analysis requests submitted by the Commercial Division, including feasibility studies for acquiring and divesting distribution platforms, merger and acquisition activity, and customer / product pricing.
- Provide evaluation and counsel to Commercial division leaders regarding the financial impact of planned initiatives and strategies.
- Direct and oversee competitive financial analysis and statistical studies to determine potential paths for financial improvement.
- Review performance trends and recommend appropriate projections / alternatives to executive management.
- Work with other areas to evaluate and counsel regarding the financial impact of planned initiatives
- Serve as a commercial project manager for cross-departmental initiatives involving coordination with other sales / support areas within the bank.
Coordination and Development of the Commercial Division’s annual strategic plan and operating budget
- Coordinate and facilitate ongoing planning and budget development activities within the Commercial Division.
- Perform detailed analysis of budgets and plans to ensure both accuracy and consistency with the corporate plan as well as initiating follow up with appropriate levels of management.
- Prepare and deliver the Commercial Division’s plan and budget presentations to executive management for approval.
Skills and Qualifications:
- BA Degree in Accounting or Finance required, MBA preferred
- 5 or more years of relevant experience including budgeting, forecasting, financial reporting, and accounting at a corporate-wide or divisional level
- Strong financial systems experience (e.g. Hyperion, SAP, Axiom, Microsoft Excel) required
- Significant exposure to commercial banking including a strong understanding of sales and operational processes, competitive analysis, pricing, product development, etc.
- Strong knowledge of financial valuation techniques
- Broad based GAAP knowledge
- Strong, communication, organizational, analytical and decision-making skills required
Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.
As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Head of Talent Acquisition, SVP, to fill a specific position
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