FVP, Financial Planning

Job Description:

The Financial Planning & Analysis (FP&A) team plays a critical role as a trusted partner to businesses, supporting all analysis, reporting, and business planning needs. The team produces budgets and forecasts, creates and analyzes business unit metrics, manages corporate profitability tool, and identifies revenue and cost savings opportunities. Reporting to the Chief Financial Officer, the FVP, Financial Planning and Analysis will serve as a key member of the finance team.

The FVP, FP&A will lead financial analysis and reporting, as well as yearly budgeting and long-range planning across the entire business. Scope of responsibility includes driving execution and management of key initiatives inclusive of financial and management reporting, budgeting and producing standard management reports and presentations, including ad-hoc analysis for the CFO and other senior stakeholders. The work-product of the FP&A function directly informs key strategic decisions, continuous improvement, and core business operations for a broad group of stakeholders. This function requires strong influencing and negotiation skills and provides the opportunity to demonstrate thought leadership to senior management.

This role requires a seasoned, hands-on FP&A leader who can a) develop relationships and extract insights from across the organization, particularly with C-suite executives, b) drive a cohesive and consistent approach to FP&A across the organization, and c) lead and develop a team of FP&A professionals to dive directly into data, systems, and models to derive unique financial insights. Candidates should have proven quantitative and analytical skills, be able to multi-task and effectively manage priorities, clearly communicate results orally and in writing, and should be a strong problem solver.

Who We Are:

For over a century, HarborOne has remained steadfast in its mission: total commitment to our customers, our communities, and our colleagues. Founded in 1917 to meet the evolving financial needs of local communities, we continue to honor that legacy by empowering and strengthening the neighborhoods where our customers and employees live and work.

With 30 branches across southeastern Massachusetts and Rhode Island, along with two commercial lending offices in Boston and Providence, HarborOne is dedicated to providing exceptional banking services and building lasting relationships. Our corporate values—accountability, integrity, respect, trust, and teamwork—are at the heart of everything we do. They guide how we manage our business and ensure we consistently deliver value to our customers.

Responsibilities:

Financial Forecasting and Budgeting

• Lead the development and management of the company’s financial planning and forecasting processes, ensuring alignment with business goals and corporate strategy and identify and drive initiatives to continuously improve, automate, and scale the company’s reporting and financial forecasting capabilities
• Manage the annual budget process and periodic re-forecasts including partnering with various functional budget owners and communicating/advising the management team
• Develop executive level presentations with key financial data and metrics which describe the business drivers of financial performance
• Develop and implement robust procedures that create accurate, timely, relevant, and insightful financial statements, measurements, forecasts, budgets, plans, and business analysis leveraging data analytics
• Oversee the monthly/quarterly management top-of-house financial reporting package that includes key financial metrics, performance indicators, unique drivers of current period performance, and actionable feedback to address current challenges
• Ensure compliance with financial regulations, standards, and internal controls

Business Unit Finance & Analysis

• Design, produce, and distribute monthly and quarterly analyses to monitor and analyze business unit and corporate function financial performance; identify trends, opportunities, and risks to support decision-making, and propose actions for improved growth and profitability
• Create actionable management reporting and dynamic dashboards to drive a deep understanding of financial and operational performance, using key performance indicators (KPIs). Translate metrics into financial impact to help business/operational leaders prioritize business issues
• Serve as a key business partner to the leadership team to ensure financial alignment with business objectives. Partner with cross-functional teams to drive financial discipline, optimize resource allocation, and enhance financial transparency
• Partner with leadership to develop long-term financial targets and goals aligned with business and corporate objectives. Provide strategic recommendations to business unit leadership to drive business growth and operational efficiency
• Innovate business analytics, to identify and execute new ways to create true business insights. Identify new ways to align data with business knowledge and deliver value

Corporate Profitability, Capital Investment & New Business/Product Assessment

• Lead corporate/business unit profitability through advancement of FTP and ROA/ROE profitability management programs, including revenue and cost allocations across business lines to equitably drive overall corporate profitability
• Oversee financial analysis related to key new business initiatives, including new business lines, products, partnerships, and investments; drive understanding of short/long-term financial (P&L, Balance Sheet) implications for significant new business opportunities; challenge key inputs & assumptions
• Build out governance and reporting to initiate and measure operating (vendors, FTEs) and capital expenditures against corporate financials targets, goals and budgets
• Collaborate with cross-functional partners (Treasury, HR, Risk) to advance projects efficiently

Leadership

• Lead and mentor FP&A team, fostering a culture of collaboration and continuous improvement; provide coaching and development opportunities to enhance skills and capabilities of team members
• Promote a positive and inclusive work environment that encourages innovation and excellence

Required Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field; MBA or CPA is a plus
• 12+ years of FP&A experience in progressive management/leadership roles, with strong knowledge and solid understanding of bank treasury, financial accounting and financial forecasting & modeling
• Demonstrates ability to work collaboratively with the CFO and Executive Leadership Team to achieve company business plan and goals.
• Assertive in style, but respectful of others, and skilled in navigating competing organizational priorities and agendas
• Excellent analytical, problem-solving, decision-making, with strong proficiency in financial modeling, forecasting, and analysis
• Proven ability to navigate through ambiguity, show initiative, and confidently manage conflict and difficult conversations and effectively scrutinize and challenge assumptions against the strategy and priorities of the organization
• Demonstrated ability to partner on a cross-functional basis and engaging with executives Strong presentation skills to deliver recommendations succinctly and effectively to senior leaders, always driving towards simplification and transparency
• Excellent project management skills with ability to manage multiple initiatives simultaneously and plan/prioritize appropriately
• Excellent communication skills and the ability to effectively build and manage relationships with team members and colleagues at decision making levels
• Previous experience acting as a champion for the implementation of new business intelligence (BI) capabilities focused on driving engagement and value
• Experience supporting and maintaining Financial Planning and Accounting systems, with direct experience in Axiom, Prologue and Power BI a plus; able to link FP&A processes to financial accounting/system requirements
• Advanced Excel and financial modeling tools is required, with demonstrated proficiency with PowerPoint and other visualization tools
• Strong team player that has a solution-oriented, customer service approach with a strong sense of personal responsibility and integrity

Compensation:

Offers will be determined based on job-related knowledge, skills, experience, and location.

Benefits:

At HarborOne, we value our employees and are committed to supporting their well-being both inside and outside of work. Our comprehensive benefits package is designed to help you thrive personally and professionally. Depending on your role, you may be eligible for:

• Paid vacation and sick time to support work-life balance
• Medical, Dental, and Vision insurance for you and your family
• Health Reimbursement Account (HRA) and Health Savings Account (HSA) options
• Healthcare Flexible Spending plans to cover medical expenses
• 401(k) plan with company contributions to help you save for the future
• Employee Stock Ownership Plan (ESOP) to invest in the company’s success
• Dependent Care Flexible Spending with a company contribution to support you and your family’s needs
• Company-paid Basic Life and Disability Insurance for added peace of mind
• Tuition reimbursement and tuition assistance programs to support your educational and career growth

We are an equal opportunity employer. Applicants and employees are considered for positions and are evaluated without regard to mental or physical disability, race, color, religion, gender, national origin, age, genetic information, military or veteran status, sexual orientation, marital status or any other protected Federal, State or Local status unrelated to the performance of the work involved.