Bank of America Senior Financial Analyst- Software Capitalization in Charlotte, North Carolina

Job Description:

The Internal-Use Software Capitalization (IUSC) team is responsible for reviewing all currently active, in-scope, internally developed software programs to determine if they meet capitalization eligibility requirement set forth by ASC 350-40. This role will provide subject matter expertise to the IUSC process. He/She will perform the quarterly process and partner with stakeholders to ensure forecast integrity. Responsible for WIP reporting support including the development of enhanced financial reporting and analytics to provide better insight into key programs/projects metrics, and financial analysis. Additional responsibilities will include assisting the forecasting team with process improvements and standardization. This role is expected to work closely with the tech and CTO team including Finance Planning & Analyst (FP&A) partners. Teammate will support Global Infrastructure Finance’s (GIF) Use Software Capitalization process for one of the following areas: Retail, Preferred and GWIM Technology (RPGT), Information Chief Data Office (ICDO), Control Function Technology (CFT), Global Banking and Markets (GBAM).

Key responsibilities and competencies:

  • Work with Internal-use software capitalization team to maintain a standardized template for accounting and forecasting Fixed Asset capitalization, amortization, impairment and retirement for internally developed software

  • Maintain working files and prepare review materials incl. questionnaire

  • Complete financial summaries and program review decks

  • Escalate issues to Central team and help resolve issues

  • Any other ad hoc duties around internal-use software capitalization process

Required

  • BS/BA (Finance / Accounting Preferred)

  • Proficient in Microsoft Office suite of products, with emphasis on strong excel Accounting, Audit or GAAP compliance experience

  • Familiarity with proper documentation of assumptions and log changes

  • Strong understanding of accounting, and expense/asset forecasting methodologies

  • Must possess strong quantitative and analytical skills , and be comfortable with ambiguity and constant change, yet able to set priorities and execute on projects/assigned deliverables

  • Strong business partnership skills and the ability to influence and team with colleagues at all levels are necessary

Desired

  • Hyperion/Essbase/Smartview

  • Forecast/Planning Experience

  • Understanding of ASC 350-40 Capitalization/accounting rules (deferring Technology costs)

  • MBA (Finance)

Posting Date : 04/12/2018

Location :

Charlotte, NC, 201 N TRYON ST (NC1022),

  • United States

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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