FP&A Analyst

Division: Finance

Department: Financial Analyst - FP&A

Status: Exempt

Grade: 9

Salary Range

$52,000 - $90,498

Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Location: Hybrid - Boston, MA - 131 Clarendon St

Principal Objective

FP&A is a small team that serves as the financial and analytical liaison between the core business units, corporate functions, investor relations, and senior management. It covers a wide variety of responsibilities, including budgeting and forecasting, capital planning, executive reporting, and analysis of new business opportunities.

The FP&A Analyst position plays a critical role in managing the Bank’s financial strategy through budgeting, forecasting, profitability analysis, and financial reporting. The FP&A Analyst will partner with senior and executive leadership across the bank to provide strategic insights while maintaining and managing data integrity.

Essential Responsibilities

Financial Planning & Forecasting

• Support the development of annual budgets and multi-year financial plans.
• Assist in maintaining financial models, including income statement and balance sheet forecasts.
• Gather and validate data inputs and assumptions from business units and subsidiary banks.
• Update forecast models and support monthly reforecast processes.
• Assist in documenting assumptions and ensuring consistency across planning processes.

Financial Performance Analysis

• Assist in analyzing financial results at the consolidated and bank level.
• Prepare monthly and quarterly variance analyses vs. budget, forecast, and prior periods.
• Support tracking of key performance indicators (KPIs), including ROA, efficiency ratio, and growth metrics.
• Identify basic trends and variances and escalate findings to senior team members.
• Assist with ad hoc analysis related to financial performance, customer trends, or balance sheet activity.

Management Reporting

• Support preparation of recurring financial reports for internal management.
• Assist in compiling data and ensuring accuracy of financial reporting packages.
• Help develop standard reports and dashboards under guidance from senior team members.
• Ensure timely and accurate delivery of recurring reports.

Profitability Measurement & Business Analytics

• Assist in gathering and organizing data for profitability analysis, including:
• Product performance
• Customer and segment trends
• Support analysis related to pricing, margins, and business line performance.
• Help maintain and update datasets used in profitability and business analytics.

Data, Systems & Process Improvement

• Maintain and update financial data files, reports, and models.
• Assist in improving data quality and consistency across reports.
• Support automation and reporting enhancements using Excel and BI tools.
• Participate in system implementation or process improvement initiatives as needed.

Education

• Bachelor’s degree in Finance, Accounting, Economics, or related field required

Experience

• 0–2 years of experience in finance, accounting, banking, or related field
• Internship experience in finance or banking preferred

Skills & Knowledge

• Basic financial modeling and analytical skills
• Proficiency in Excel (formulas, pivot tables, data organization)
• Familiarity with financial statements (income statement, balance sheet)
• Exposure to BI tools (Power BI, Tableau) a plus
• Strong attention to detail and commitment to accuracy
• Effective communication skills and willingness to learn
• Ability to manage multiple tasks and meet deadlines
• Team-oriented mindset with strong organizational skills

Core Competencies

• Analytical thinking and problem solving
• Attention to detail and accuracy
• Intellectual curiosity and willingness to learn
• Collaboration and teamwork
• Accountability and reliability
• Cybersecurity awareness to protect the Bank, its systems, and customers

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin.

If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at hr@berkshirebank.com.