Loss and Expense Forecasting Analyst

1 week ago


Charlotte, North Carolina, United States Bank of America Full time

Job Overview

:
This position entails conducting advanced analysis and modeling to mitigate loss exposure and enhance customer satisfaction. The role involves leveraging various systems, including Excel, SAS, SQL, Tableau, and other relational databases, to deliver analytical insights that support strategic initiatives, ensure objectives are achieved, and recommend policy and procedural modifications within segmentation frameworks for optimal outcomes. Responsibilities also include assessing data to identify potential fraud risks and developing strategies for mitigation.

Key Responsibilities:

Proposes methods to assist the organization in achieving targeted results and making data-driven business decisions Conducts intricate analyses of financial models, market trends, financial data, and portfolio performance to enhance product effectiveness and improve risk management, profitability, performance forecasting, and operational efficiency Oversees the preparation of product performance reports and updates for executive leadership

Required Qualifications:

Advanced analytical and quantitative capabilities with a proven track record of utilizing data and metrics to uncover root causes Fundamental understanding of first and third-party fraud (including claims to charge-off timing, chargeback recovery rights, etc.) Strong analytical and communication skills Comprehensive financial knowledge and insight into fraud loss drivers Proficient in programming languages (e.g., SAS or SQL) and experienced with e-Ledger and Enterprise GL tools (EPM)

Desired Qualifications:

Bachelor's degree in Finance, Accounting, Economics, or a related field MBA or advanced studies in finance, accounting, or business management is preferred Minimum of 2 years of experience in fraud analysis and/or analytical/financial roles Exceptional quantitative, critical thinking, and analytical abilities Confidence in finance and accounting principles Ability to collaborate and communicate effectively with diverse teams, demonstrating leadership and strong interpersonal skills Capability to engage and interact professionally with senior executives across the organization Proficient in presenting, leading, supporting, and influencing senior management and business stakeholders Innovative mindset with a willingness to challenge conventional practices Leadership and management skills, including team and individual development Ability to prioritize and manage multiple projects simultaneously Proactive in identifying, analyzing, and enhancing existing processes for optimization to meet deadlines

Skills:

Business Analytics Business Intelligence Data Quality Management Fraud Management Monitoring, Surveillance, and Testing Collaboration Data Visualization Oral Communication Problem Solving Written Communication Analytical Thinking Critical Thinking Data and Trend Analysis Innovative Thinking Research

Shift:

1st shift (United States of America)

Hours Per Week: 40


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