Varo is looking for a new strategic partner to join the Financial Planning and Analysis Team. This small but mighty team is a critical support to Varo leadership in charting the path to where no bank has been before. The FP&A team works for the CFO of Varo Bank alongside the Treasury and Accounting teams within Finance. It takes ownership of the financial health of Varo.
We’re looking for a Sr. Financial Planning & Analysis Manager who will have a positive impact on the Finance team. Our ideal candidate has a curious mind and a desire to understand complex business planning. The Sr. Financial Planning & Analysis Manager will support the CFO organization and the overall business as a financial liaison to the business leadership team. This will include preparing detailed analysis on revenue and expense performance for leadership review, as well as assisting in the preparation of annual budgets and rolling forecasts, analyzing business performance trends, and preparing analysis to evaluate financial impacts of business partnership opportunities and vendor procurement. We hope to add to our team an individual with a diverse background that includes financial comprehension, FP&A systems experience (e.g., direct interaction with reporting, forecasting, etc.), data analytics experience, and strong written communication skills.
What you'll be doing
- Prepare monthly/quarterly/annual analysis of financial performance, including volume, spend and pricing, revenue and profitability margins to review the company’s business operations with executives, investors, and bank regulators
- Collaborate, design, and implement department budgeting, forecasting, and strategic planning processes
- Participate and assist in the monthly close process, including the explanation of variances to budget, forecast, and prior period performance
- Prepare analysis and reports for inclusion in the monthly financial package(s) in partnership with key departmental stakeholders for financial and analytical support, including, but not limited to, Operations, Growth, Product, Technology, Risk, etc.
- In collaboration with the leadership team, support budget processes submission of new acquisition, volume and spend assumptions, and preparation of cost budgets
- Lead monthly reporting and rolling forecast updates, to reconcile to actual, budget, and previous forecast as needed
- Facilitate the preparation of key financial data points to support Board of Directors presentations and OCC financial submissions
- Assist in the evaluation of strategic alternatives, including new market/product expansion and other growth initiatives
- Coordinate with Accounting and Treasury functions to understand and improve the outcomes and contribution of the whole Finance organization
You’ll bring the following required skills and experiences
- Minimum five years of experience in FP&A and/or Strategic Finance
- Bachelor's degree in finance or related discipline; master's degree preferred
- Strong work ethic with an ability to focus on complex financial problems; surgically strong detail orientation and commitment to accuracy
- Experience with data management and/or financial information systems, preferably with Anaplan
- Previous experience in neo-banking, retail, and/or commercial banking is preferred
- Ability to simultaneously manage multiple time-sensitive activities
- Be willing to understand and learn new products and concepts; Varo is constantly innovating as it aims to serve its customers’ needs
