Financial Analyst II Boston, MA

Financial Analyst II

• Company

  TIAA-CREF

• Location

  Boston, MA

• Compensation

  Annually

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  Feb 14, 2013

• eFC Ref no

  1151538

Financial Analyst

Job Description

THE COMPANY:

TIAA-CREF is a Fortune 100 financial services company that is America's leading retirement system for people who work in the academic, research, medical and cultural fields. The company manages $451 billion in combined assets under management on behalf of 3.6 million people and more than 15,000 institutions. TIAA-CREF is headquartered in New York City, with major operations in Charlotte and Denver, Colorado, and some 65 offices nationwide. The company has a workforce of 7,000 employees.

TIAA-CREF's retirement plans provide participating individuals and institutions with a range of options to help meet their financial needs. They include variable annuities, mutual funds, tax-deferred and after-tax annuities, IRAs and brokerage accounts, and investment advice that Forbes magazine calls the most comprehensive workplace advice. Two-thirds of TIAA-CREF's mutual funds and annuity accounts exceeded their Morningstar median over the past three and five years.

Job Duties:

This position provides critical business and financial analysis support of the Wealth Management Group and the individual line of business operating model.

The candidate must have the ability to build and maintain complex models, and analyze larges amounts of financial and activity based data. Candidate will need to work independently and be flexible in work assignments and be able to effectively multi-task between business unit assignments, while maintaining a high quality of work results. Ability to build relationships within the business and across the extended finance organization, and effectively communicate will be keys to success.

Primary Responsibilities

• Analyze and align scorecard data with discretionary compensation program objectives.
• Administer incentive compensation calculations for the Wealth Management Group including the validation of the underlying data driving the calculations.
• Support the design of incentive compensation programs for other client facing groups through data analysis.
• Analyze business model activities and align financial projections.
• Analyze financial implications of business unit decisions.
• Engage in projecting inflows across various distribution channels supported by data analysis.
• Evaluate alternative distribution and segmentation approaches and their impact.
• Other projects as required including projects focused on profitability, productivity or effectiveness

Qualifications

• BS required - in Finance, Accounting
• 2-3 years experience
• High proficiency in financial modeling and analysis
• High proficiency in developing/maintaining underlying databases and reporting tools
• Excellent written and verbal communications skills
• Must be detail-orientated, strong team player and self-motivated
• Able to work independently
• Strong problem solving and analytical ability
• Strong Excel, Word, PowerPoint and Access skills
• Ability to balance multiple and diverse priorities while delivering quality product
• Analytical Support of Key Performance Drivers and Headcount
• Incentive Compensation Modeling
• Business Specific Management Reporting and Analysis