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Manager, Financial Planning & Analysis
PennyMac
Westlake Village, CA, United States
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Job Description
The role of the Financial Analysis & Valuation (FAV) team is to support the financial and operational reporting needs of Divisional & Senior Leadership through accurate, timely and high-quality analysis. The team is involved in a number of functions, with the primary responsibilities focused on Financial Forecasting and Business Unit Analysis. Duties related to Financial Forecasting center on the management of a complex set of excel-based financial forecast models and forward-looking projections, for the various PNMAC corporate entities. A strong understanding of Accounting and Finance concepts including Balance Sheet, EPS & ROE are expected for the role.
Business Unit Analysis involves managing financials for a particular business unit and any additional ancillary financial needs of the department (examples include but are not limited to profit & loss reporting, headcount management, profitability analyses, strategic alignment, and ad-hoc financial requests). Strong inter-personal skills and industry knowledge of the particular division being managed are highly valued skills for this role.
This management role involves overseeing a small team of analysts focused on managing the financial/business models, and publishing forecast related performance reports. Workloads fluctuate over the year with increased expectations during key periods such as quarter closes and the annual budget season. Individuals in this role are expected to assist, and drive forward the progression of key initiatives, such as the automation of the function and integration to an ERP-like system that is currently underway. Managers must also be comfortable interacting with Senior Management.
Job Responsibilities:
• Manage a team of analysts
• Very accountable and held to a high level of responsibility
• Provide guidance, support, and analysis to Executives and Senior Management on staffing and financial performance including measuring and managing that performance through the use of appropriate drivers and metrics
• Provide accurate and timely forecasts and variance reporting to forecasts
• Management of complex and intricate Excel-based financial models (and to a lesser extent but still expected to be comfortable navigating word and power point
• Automation and Integration of the function to a pre-designated ERP system, a key requirement in 2016+
Preferred Qualifications
Skills & Abilities:
• Bachelors Degree
• Minimum 5+ years work experience
• Proficiency in financial reporting (U.S. GAAP)
• Solid grasp of the following concepts: Balance Sheet, Cash-Flow, ROE, EPS
• Knowledge of Mortgage Industry, Investment Management industry, and the Company’s products
• Advanced Excel spreadsheet and modeling skills
• Strong financial systems and business application skills including Excel, Access, and PowerPoint. VBA, SQL and BI360 a plus
• High level of enthusiasm, innovation and dedication
• Extremely high attention to detail and ability to multi-task
• Be able to step back and understand the “big picture”
• Ability to perform and succeed in high pressure situations
• Work additional hours and weekends as needed
• Sense of ownership on tasks completed
• Ability to communicate comfortably with Senior Management
• Creative mindset a plus