Financial Planning and Analysis Specialist (FP&A)

Milestone Bank is a full-service financing company specializing in SBA 7(a) and equipment and capital loans. Milestone Bank offers a multitude of financing programs ranging from a standard lease to small business loans across America.

In 2005, LCA founded LCA Bank Corporation in Park City, Utah, to augment its funding capacity. As of October 2023, LCA Bank fully rebranded to Milestone Bank. As a direct lender, we are the bank. This translates into an accelerated application process, a range of financing solutions based on your needs and direct contact to our Customer Care Team.

Based in Troy, Michigan, Milestone bank (formerly LCA Bank) has serviced the needs of its vendors, customers and brokers since its formation in 1988. Milestone Bank has kept pace with the ever-changing economy to develop innovative financing programs, professional marketing support and easy-to-use leasing tools for our clients.

Position Summary

The FP&A position plays a crucial role in providing financial insights and support to drive strategic decision-making. This role involves budgeting, data analytics, forecasting, financial analysis, and performance reporting, ensuring the bank's financial health and alignment with its business objectives.

Essential Duties and Responsibilities

The essential functions include, but are not limited to the following:

• Manage the annual budgeting process, including preparation, consolidation, forecasting and review of budgets across departments.
• Collaborate with department heads to gather inputs and ensure alignment with the bank’s strategic goals.
• Monitor and report on budget variances, providing actionable insights and recommendations for corrective actions.
• Create and upgrade when appropriate existing financial models to support strategic initiatives and long-term planning.
• Prepare regular forecasts and projections to anticipate financial outcomes and support decision-making.
• Conduct scenario analysis to evaluate the financial impact of various business decisions and market conditions.
• Analyze financial performance by collecting, monitoring, and studying data; recommending actions.
• Prepare and present financial reports, including variance analysis, KPI tracking, and management dashboards.
• Assist in the preparation of monthly, quarterly, and annual financial reporting.
• Track key performance indicators (KPIs) and financial metrics to evaluate business performance.
• Provide insights and recommendations to senior management based on financial analysis and trends.
• Support cost-saving initiatives and efficiency improvements across the organization.
• Participate in strategic planning sessions and provide financial input to support the bank’s growth and profitability.
• Build financial tools and models to evaluate new business initiatives
• Conduct competitive analysis and market research to inform strategic decisions.
• Assist in mergers, acquisitions, and other strategic projects as required.
• Work closely with finance, accounting, and other cross-functional teams to ensure accurate and timely financial information.
• Communicate financial insights and recommendations to senior management and stakeholders.
• Support internal and external audits by providing necessary financial documentation and explanations.

Minimum Qualifications (Knowledge, Skills, and Abilities)

• 3+ years of experience in financial planning and analysis, preferably within the banking or financial services industry.
• Strong proficiency in financial modeling, forecasting, and budgeting.
• Advanced knowledge of financial software and tools, such as Excel, SQL, and financial reporting systems.
• Advanced knowledge of business reporting tools such as Power BI, Tableau and Excel.
• Excellent analytical, problem-solving, and critical-thinking skills.
• Strong attention to detail and ability to work under tight deadlines.
• Effective communication and interpersonal skills, with the ability to present complex financial information to non-financial stakeholders.
• Strong ability to produce reports and dashboards in ways easy for a reader to understand.
• Knowledge of banking regulations and compliance standards is a plus.
• Excellent written and verbal communication skills.
• Excellent organizational and time management skills.
• Ability to work both in a team environment & independently both virtually and in the office (hybrid structure).

Education and Experience:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field; MBA or relevant certification (e.g., CFA, CPA) preferred.

This is a hybrid position located in Downtown Salt Lake City, Utah. Current days in office are: Tues, Wed, Thurs and Mon and Fri remote. These days and schedule are subject to change.

Physical Demands and Work Environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers, handle or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus. The noise level in the work environment is usually low to moderate. Professional office setting, primarily sedentary position requiring long periods of time working at a computer.

Note

This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents will possess the skills, aptitudes, and abilities to perform each duty proficiently. Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others. The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise, other than an “at will” relationship.

E-Verify

Milestone participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.

The company is an Equal Opportunity Employer, drug free workplace, and complies with ADA regulations as applicable.

We kindly request that recruiters, staffing agencies, and third-party sourcing individuals refrain from applying or contacting us regarding job opportunities.