Finance Specialist (Financial Planning & Analysis) at Capital One

Muntinlupa, National Capital Region, Philippines

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Bachelor’s Degree in Accounting and must be a Certified Public Accountant (CPA), CMA preferred
Must have 2-3 years budget-related experience
Preferably with 1-year audit experience and 1-year in supervisory role
Preferably has working experience in a multinational company, shared service, BPO or Call center setting
Knowledge of standard accounting policies and procedures
Knowledge in PeopleSoft or any Enterprise Resource Planning (ERP) Software/applications (SAP, Oracle) is an advantage
Very strong in analytical and problem-solving skills
Very keen to details and works with high level of accuracy
Has advance skill in using MS Excel and proficient in using PowerPoint
Can identify opportunity areas and drive process improvements
Demonstrates strong learning agility and ownership for personal development
Demonstrates strong ownership and excellent in follow thru
Collaborates well within and across different functions
Flexible, resilient, adaptable to changes and willing to extend reporting hours especially during budget season, monthend closing and quarterly forecasting
Anticipates, understands, and responds to the needs of internal and external clients to meet or exceed their expectations with the organizational parameters
Able to work in a fast-paced environment and can effectively manage multiple tasks assignments

Responsibilities

Prepare and consolidate working templates for the projection of budget for the assigned LOB’s on a quarterly (or as needed) and on an annual basis, including: Gathering, review and validation of the budget assumptions to ensure relevance and appropriateness of data used; Consolidation of budget requests for assigned LOB’s and expenses; Regular check-in with LOB’s to gather and review budget assumptions closing; Preparation of decks for OL and AB proposal reviews; Deployment of approved OL and AB (hardcopy with sign-off)
Act as LOB partner to ensure the appropriate utilization of their budget, which includes conducting regular cadence to discuss actual budget utilization and variance, recommend or provide guidance in managing their budget, etc
Prepare management reports such as but not limited to Profit and loss statements during monthend closing, weekly P&L projection to assist in the yearend closing, MBR & QBR slides related to budget and other ad hoc reports
Simulate cost-saving initiatives, projects or new investments, etc
Assist in the review and update of the standard and procedure for Budget & Reporting
May be assigned or rotated within the budget team or Finance team
Identify and drive process improvements as needed
All other job-related duties that may be assigned

Skills

Key technologies and capabilities for this role

Budget PlanningFinancial ForecastingVariance AnalysisP&L StatementsManagement ReportingCost SimulationExcelPowerPointFinancial Modeling

Questions & Answers

Common questions about this position

What is the salary for this Finance Specialist position?

This information is not specified in the job description.

Is this role remote or does it require office work?

This information is not specified in the job description.

What skills are required for this Finance Specialist role?

Required skills include knowledge of standard accounting policies and procedures, very strong analytical and problem-solving skills, keen attention to detail with high accuracy, advanced MS Excel skills, and proficiency in PowerPoint. Knowledge in PeopleSoft or ERP systems like SAP or Oracle is an advantage.

What education and experience are needed for this position?

Candidates must have a Bachelor’s Degree in Accounting and be a Certified Public Accountant (CPA), with CMA preferred. Professional experience requires 2-3 years in budget-related roles, preferably with 1-year audit experience, 1-year supervisory role, and work in a multinational company, shared service, BPO, or call center.

What are the main responsibilities in this role?

Responsibilities include preparing and consolidating budget templates, acting as an LOB partner for budget utilization and variance analysis, preparing management reports like P&L statements and MBR/QBR slides, simulating cost-saving initiatives, and identifying process improvements.

Capital One

Offers diverse financial products and services

About Capital One

Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.

McLean, VirginiaHeadquarters

2014Year Founded

$15.9MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Finance Specialist (Financial Planning & Analysis) at Capital One

Requirements

Responsibilities

Skills

Questions & Answers

Capital One

About Capital One

Benefits

Medical, Dental, & Vision coverage

Onsite Health Centers

Prescription saving with network of local pharmacies

Stock Purchase Plan

Education Assistance

401(k)

Flexible Spending Accounts

Life and Disability insurance

Generous paid time off + corporate & floating holidays

Registered dieticians on site, cooking classes and free virtual fitness classes

Employee Assistance Program

Risks

Increased competition in subscription management tools may dilute Capital One's advantage.

Over-reliance on partnerships could expose Capital One to technological risks.

Departure of key personnel like Joe Rodriguez may affect risk management continuity.

Differentiation

Capital One offers user-friendly banking with no fees or minimums for checking accounts.

The company partners with Khan Academy to provide financial literacy education.

Capital One is the first major U.S. bank to offer subscription management tools.

Upsides

Capital One's mobile app is a model for secure, user-friendly digital banking.

Data sharing with Worldpay enhances payment security and fraud prevention.

Partnerships with fintechs like Minna Technologies improve customer experience.

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