Senior Financial Analyst Boston, MA

Senior Financial Analyst

• Company

  TIAA-CREF

• Location

  Boston, MA

• Compensation

  Annually

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  Feb 14, 2013

• eFC Ref no

  1151539

Senior 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 for Individual Advisory Services business, the primary individual distribution arm of the company with over 1,100 employees generating over $8.5 billion of gross inflows on an annual budget of approximately $220 million.

The position will be actively engaged with members of the senior management team of IAS and the financial relationship managers to support this growing organization and maximize its financial performance in the delivery of financial planning services to the company's top 10-15% customers who control over 60% of the company's assets under management.

This position will be the lead analyst responsible for analyzing, forecasting and aligning distribution and product flow projections within corporate and business unit models. This position will also be the primary finance relationship management position for the internal sales teams.

• Profitability Analysis

• Cost Allocations

• Business Specific Management Reporting and Analysis

• Sales and Net Flow Analysis

The candidate must have the ability to build complex models that capture efficiently and analyze large 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.

Primary Responsibilities

• Lead analyst responsible for analyzing, forecasting and aligning distribution and product flow projections within corporate and business unit models.
• Develop individual product level net flow forecasts and multi-year financial projections.
• Develop and administer complex financial models that support flow projections.
• Coordinate flow assumptions between Product and Distribution teams.
• Analyzes actual business results, including leading and lagging indicators, asset growth and retention results, etc.
• Lead analyst on scorecards and key performance metrics.
• Oversee production of the Product Dashboard.
• Perform ad-hoc analysis and projects as required that focus on growing assets, optimizing profitability or increasing productivity.
• 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.

Qualifications

• BS required - in Finance, Accounting; MBA and/ or CPA a plus.
• 3-5 years experience, previous experience in Financial Services or a marketing or distribution organization a plus.
• 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.
• Ability to balance multiple and diverse priorities while delivering quality product.
• Strong Excel, Word, PowerPoint and Access skills.
• Preferred qualifications include experience and knowledge of Hyperion Essbase, PeopleSoft General Ledger and Accounts Payable.