Divisional Financial Officer

Job description

Divisional Financial Officer

Job Locations

US-IL-Chicago | US-IN-Evansville | US-IN-Indianapolis

Category/Function

Treasury/Finance

Position Type

Regular Full-Time

Requisition ID

Workplace Type

On Site

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

The Community Financial Officer will serve as a finance and accounting business partner for the Community 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 including Scorecard compilation support, 2) Financial evaluation of proposed strategic initiatives, acquisitions/divestitures, product development, etc., 4) Provide compensation-related support and analysis (ie commissions, incentives, production calcs and reporting)

Salary Range

The salary range for this position is $61,200 - $123,700 per year plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

Reporting, monitoring, and analysis of the Community Division's financial and operational performance

Coordinate the community division's recurring financial and performance-related management reporting, including budget variance reports, performance trend analytics, and scorecards for Community leaders as assigned

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 counsel to assigned division leaders regarding the financial and operational performance of the various business segments within the Community area.

Prepare and deliver recurring reporting, analysis, and communication to division leaders concerning the Community Division's financial and operating performance.

Analytical Support for Community Division

Support financial analysis requests submitted by the Community Division, including feasibility studies for acquiring and divesting distribution platforms, merger and acquisition activity, and customer/product pricing.

Provide evaluation and counsel to Community 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 proposed or planned initiatives

Serve as a Community project manager for cross-departmental initiatives involving coordination with other sales/support areas within the bank.

Coordination and Development of the Community Division's annual strategic plan and operating budget

Coordinate and facilitate ongoing planning and budget development activities to business partners within the Community Division.

Perform detailed analysis of budgets and plans to ensure both accuracy and consistency with the corporate plan as well as initiate follow-up with appropriate levels of management.

Prepare and deliver the Community Division's plan and budget presentations to executive management for approval.

Compensation Related Support and Analysis

Coordinate gathering of relevant financial performance details to support calculation of compensation-related payments which may include commissions, quarterly incentive accrual calculations and analysis, scorecard review/validation of production detail, promotion recommendation review

Communicate compensation-related analysis to executive management for review and approval

Qualifications and Education Requirements

BA Degree in Accounting or Finance required, MBA preferred

5+ years of relevant experience including budgeting, forecasting, financial reporting, and accounting at a corporate-wide or divisional level

Strong financial systems experience (e.g. Empyrean, Longview, Microsoft Excel) required

Significant exposure to Community banking (Retail, Mortgage, and/or Small Business), including a strong understanding of sales and operational processes, competitive analysis, pricing, product development, etc.

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 Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!

Who can apply

Review the original listing for work authorization, qualifications and employer requirements.