Description
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $92.3 billion at March 31, 2012. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operates 407 branches in California, Washington, Oregon, Texas, New York and Illinois, as well as two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visit www.unionbank.comfor more information.
Job Summary
Reporting to the Chief Information and Operations Officer, with dotted line reporting to the Vice Chair, Chief Financial Officer, the Bank Technology and Services (BTS) CFO will be a key member of the leadership team and will provide financial management expertise and prepares and analyzes management reporting for day-to-day running of and critical decision making within BTS.
Strategize with senior management to maximize efficiency, and work to establish long range goals and performance measurements for the BTS Organization.
Major Responsibilities
Manages all aspects of BTS Finance: 65%
Analyze, model, research, direct, and set up processes to support the BTS annual budget process and the monthly and quarterly forecast with business unit managers.
Develop and continuously enhance a set of management metrics (e.g., unit costs, fixed and variable allocations, key performance indicators, capacity planning, etc.) and run common management reports. Establishes financial assumptions and critical decision variables. Tests for consistency and validity.
Create complex financial models to evaluate, measure, and analyze drivers impacting various business areas within the bank to help BTS drive decision making.
Ensures accounting procedures and models are in compliance with Federal and State requirements.
Responsible for BTS project accounting and monitoring the performance in relation to variance analysis, business objectives, business cases, cost benefit analysis, and other plans.
Provides financial analysis support and business case analysis on M&A, consolidations, new services and new initiatives.
Reviews regulatory changes and compares to financial reports for accuracy and adherence to accounting regulations. Independently conducts investigations and corrects information when necessary.
Strategic Planning: 10%
Responsible for strategic planning for BTS. This will include working with CFO and Strategic Planning Dept. to prioritize projects and engage appropriate resources. Closely coordinate with CIOO and business unit managers to maximize benefits to business units. Evaluate and advise management on the impact of long-range planning, introduction of new programs/strategies and regulatory action.
Project Management: 10%
Provide project management leadership to ensure initiatives are on track and are completed according to plan, both in terms of timing and budgetary constraints; resolve resource conflicts as they arise and establish a status and escalation mechanism for communicating to senior management.
Leadership: 15%
Oversee the finance team, ensuring they are delivering the highest quality service to both external and internal shareholders. Recruit, train, mentor and inspire the finance team to ensure they are providing superior support and service to business partners. Complete annual performance reviews. Coach team members; develop leadership talent within the group. Work with other senior members of BTS to help shape the strategic direction and operating environment. Participate actively to attain and maintain a collaborative culture
Qualifications
Typically requires an accounting and/or finance degree with 10 to 15 years of relevant work experience. Experience across a broad range of functional areas, including financial planning and analysis, forecasting, modeling and budgeting, financial reporting, accounting and controls, capital management and risk management. Familiarity with all relevant regulatory, compliance, governance and control requirements and issues. CPA preferable.
Strong written and verbal communication skills; well organized with the ability to handle multiple tasks and multiple priorities simultaneously; proficiency in various PC applications or equivalent, preferably MS Office (i.e., Word, Excel, PowerPoint, Access, etc.); well-developed analytical and project management skills. Proficiency in developing and utilizing PC-based spreadsheets and analytic tools to develop reporting and analytic models.
Must be able to work well in a team environment, demonstrate collaborative behaviors conducive to attaining departmental objectives and provide learning opportunities for other team members.
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