Senior Finance Analyst-Louisville, KY

Company: Bank of America Merchant Services, LLC ( Learn More )

General Information
US-KY-Louisville
N/A
4 Year Degree
Full-Time
Not Specified
Not Specified
False
False
Job Description

Bank of America Merchant Services connects businesses and consumers by doing payments better. In an increasingly complex marketplace, we empower businesses to give consumers the right commerce experience. We consult with businesses to customize solutions that integrate selling channels, open new markets, solve problems using data, stay secure and, ultimately, accomplish more.

Banc of America Merchant Services, LLC is the result of a strategic alliance between Bank of America and First Data Corp. As an industry leader with a powerful commitment to the merchant business, Bank of America Merchant Services delivers a comprehensive suite of innovative payment solutions to merchants of all sizes. We are the number one U.S. payments processor today with over 13.5 billion credit card transactions processed annually, representing approximately 300,000 merchant based relationships. We have industry-leading products, world-class technology solutions, an expansive geographic footprint, and 2,100 full-time associates. We offer outstanding career opportunities and advancement and we promote a healthy work/life balance through special benefits and programs. Bank of America Merchant Services is an Equal Opportunity and Affirmative Action Employer of Females, Minorities, Veterans and Disabled.

The Senior Finance Analyst will assist the BAMS Finance and Sales teams with financial planning, reporting and analysis. Responsible for pricing, building business cases and determining merchant profitability, along with helping set pricing strategy. This position will have typical monthly duties assigned; however the expectation is that the individual will also display initiative in identifying and fulfilling other value-added departmental needs. The SR Finance Analyst will be a key member of the Finance Team and instrumental in delivering timely, relevant, high quality information to senior management.

Essential Functions:

  • Prepare business cases for new opportunities, existing business renewals and new product introductions.
  • Access the company’s proprietary revenue and profitability systems to reconcile existing merchants with the impacts from their renewals.
  • Price various products offered by BAMS including Acquiring (domestic, Canadian and international), Equipment, Premium Prepaid, TransArmor, DCC, etc.
  • Participate in the development of strategies related to new markets.
  • Partner with Product Management to stay abreast of BAMS product offerings (including in-service projects), understanding wholesale costs and MSRP, as well as setting BAMS retail pricing.
  • Participate in discussion and release trainings related to new fees and incorporate information into documents and tools; including Fee Schedules, MSA, SCA, MPA worksheets, boarding tools, Acquiring pricing tools, etc.
  • Support various departments and Ad Hoc reporting, as well as financial/accounting requirements. Work through special projects and additional responsibilities and duties as assigned.
  • Scope:

  • This position is responsible for building business cases, pricing and determining merchant profitability. Will also help set pricing strategy and need an understanding of the evolving marketplace. The Senior Finance Analyst will work with associates to gather necessary data and create summarize output for upper management review and also participate in deal discussions with upper management. The Senior Finance Analyst will be responsible for keeping the Excel pricing tools up-to-date with Compliance, Product, and changes as needed. It is essential to be able to handle multiply pressing demands while working on several concurrent deals.
  •  Experience:

  • Bachelor’s degree in Accounting or Finance is required.
  • 6 to 10 years of experience in financial and business analysis.
  • Proven analytical and problem solving skills.
  • Strong sense of initiative and drive.
  • Ability to demonstrate personal accountability, professionalism and confidentiality.
  • Ability to create financial models to assist with forecast and analysis.
  • Excellent communication skills, both written and verbal.
  • Excellent organizational and time management skills.
  • Ability to work both independently and as a team member.
  • Detail oriented and deadline driven.
  • Applied knowledge of accounting principles and practices.
  • Skills:

  • M.B.A. or Master’s Level Degree.
  • Prior responsibilities assembling complex business cases with numerous products for presentation to Senior Management.
  • Experience with preparing and presenting yearly budgeting information and monthly forecasting, as well as providing detailed reports and project information.
  • Prior assistance with ongoing financial closeout processes including in-service projects and package completion.
  • Ability to handle multiple deals concurrently.
  • Ability to comprehend high level requests and translate the information into the detail needed to provide accurate analysis.
  • Merchant Services industry knowledge.
  • Ability to interface with BAMS senior and executive management.
  • Ability to present complex information in a simple format.
  • Ability to be diplomatic in a time sensitive environment.
  • Tools:

  • Proficient in Microsoft Office Suite ProductsPhysical Requirements
  • Standard office environment. Work typically involves close visual acuity on a computer with access view, read, prepare and analyze data and other written communications.
  • Travel:

  • Infrequent travel may be occasionally required for training or meetings.

  • This is not necessarily an exhaustive list of all responsibilities, performance standards, measurements, skills or requirements associated with this job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require other or different tasks to be performed when circumstances change.

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    Bank of America Merchant Services ensures equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, protected veteran status, genetic information, or any other basis protected by law.

    The employer will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the employer’s legal duty to furnish information.

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