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Financial Analyst

2 months ago

Salt Lake City, United States Zions Bancorporation Full time

Zions Bancorporation is one of the nation's premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker as one of the "Best Banks to Work For" and as having a top banking team in its list of "The Most Powerful Women in Banking." Our customers consistently vote us as the best bank in our local markets., We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a "local" business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers.

With benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity.

We are currently seeking a Financial Analyst as part of our Finance Incentive Compensation department. Finance Incentive Compensation is integrated within the large Corporate Finance division at Zions Bancorporation. The position is located downtown Salt Lake City and offers a 3/2 hybrid work schedule.

Corporate Finance is undergoing rapid growth and we are focused on creating a relevant program that will enable our organization's long-term success. What's great about our department is that we work with the brightest minds in the organization who foster a culture of continuous learning and growth, have Executive and Board level visibility and support for our work and direct engagement with a diverse range of executives, and our efforts translate directly into highly visible, enterprise-wide initiatives. We are focused on creating business value and are seeking like-minded professionals to join our team

The Financial Analyst will join our Finance Incentive Compensation team responsible for administration of incentive compensation plans for nearly 7,000 employees across 11 states. Our team assists business leaders to design, implement, and manage optimized and equitable incentive programs through standard financial metrics, incentive reporting, and plan administration. If you want to work on a team that truly drives company strategic objectives through alignment of individual goals, works closely with business and executive leadership, protects the company from operational, legal, and financial risk, constantly nurtures talent and personal and professional growth, fosters an atmosphere of efficiency, continuous progress, and excellence, and serves as experts on a financial metrics for a wide array of financial instruments, then you will be in excellent company.

As an Incentive Compensation Financial Analyst, you will play a key role in motivating and rewarding employees for exceptional performance through administration of our Incentive Compensation plans. The work you do has an impact for employees across the organization and drives enterprise performance - we directly impact Zions Bancorporation's success.

The Incentive Compensation Financial Analyst will:

  • Collaborate with cross-functional teams, including Human Resources, Sales, Finance, and Business Intelligence, to ensure the alignment of compensation strategies and financial metrics with business objectives.
  • Function as subject matter expert of the financial metrics calculated by the team and provide insight into compensation plan outcomes.
  • Conduct in-depth analysis of incentive compensation plans, ensuring compliance with company policies and alignment to strategic objectives.
  • Develop ideas, conduct research on complex concepts and processes, and recommend viable solutions.
  • Create financial modeling to analyze and forecast financial impacts of adjusting incentive plans to aide management in decision making process.
  • Prepare financial planning reports of key performance indicators, ad hoc analysis reports, and forecasts of incentive payments.
  • Drive business process improvement to optimize current processes and implement new solutions that improve the efficiency of the Compensation reporting function.
  • Develop resolutions to complex problems that require the frequent use of creativity, networking, and financial best practices.
  • Investigate data issues, perform analyses with strong attention to detail; propose and execute solutions.
  • Collaborate with stakeholders at all levels of organization, including senior and executive management, to assess and prioritize compensation related needs.
  • Perform other administrative duties as assigned.
Requirements:
  • Bachelor's degree in accounting, finance, statistics, mathematics, or another related field.
  • 2-4+ years of experience in financial analysis, financial modeling, financial statements, management reporting, budgeting, and forecasting or other directly related experience.
  • A combination of education and experience may meet the requirements, previous experience in Financial Services a plus.
  • Excellent written and verbal communication and interpersonal skills that translate into effective consulting, facilitation, and presentation skills.
  • Ability to prepare oral and written reports.
  • Ability to work in a deadline-oriented environment.
  • Ability to work on their own and as part of a team; works effectively with cross-functional co-workers and internal customers.
  • Ability to communicate effectively to a large variety of audiences, from front-line bankers to data engineers to executives.
  • Ability to identify, research, coordinate, and resolve issues with attention to detail.
  • A desire and an ability to find ways to continually improve processes and drive efficiency
  • Excellent computer skills including Microsoft Office (Excel, Word, PowerPoint) required.
  • Ability to comprehend and develop complex financial models.
  • Incentive Compensation experience a plus.
  • Experience with SQL and Power BI a plus.
  • Mid-Large size financial institution experience a plus
Located in the heart of downtown Salt Lake City, the Zions Bank Building serves as the headquarters of both Zions Bancorporation and Zions Bank. The building sits adjacent to City Creek Center, a world-class shopping and dining destination with more than 100 stores and restaurants. The Zions Bank Building stands tall among Salt Lake City's central business district, providing hundreds of team members with an exceptional work environment and features such as:
  • Easy access to the City Creek UTA TRAX station, as well as various electric vehicle charging stations in most City Creek area garages;
  • An employee-only fitness center and bike storage;
  • An employee lounge, kitchen, micro market, game tables, couches and TVs;
  • Private mothers' rooms and lockers; and
  • Access to downtown shopping, dining, arts and entertainment.