Financial Data Analyst Jobs in Massachusetts

Hiring Range: $166,341 - $255,043

The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information

The Director of Financial Planning & Analysis (FP&A) is responsible for leading the Bank's financial planning, budgeting, forecasting, profitability reporting, and strategic financial analysis functions. This role serves as a key financial advisor to the CFO & executive leadership, business line executives, providing insight and recommendations to support growth, optimize returns, improve efficiency, and enhance shareholder value. The position reports to the Chief Financial Officer.

The Director oversees the Bank's annual budget process, periodic forecasts, long-range financial planning, Funds Transfer Pricing (FTP) framework, cost allocation methodologies, and profitability reporting. The position partners closely with business units, Treasury, Accounting, Risk Management, and Executive Management to drive decision making. The following is a list of responsibilities:

Financial Planning & Forecasting

• Lead annual budgeting process and ongoing financial forecasting activities.
• Develop and maintain short-term and long-term financial plans aligned with corporate objectives.
• Monitor actual performance against budget and forecast and provide variance analysis and actionable recommendations.
• Deliver monthly, quarterly, and annual financial performance reporting to Executive Management and the Board of Directors.
• Identify financial trends, risks, and opportunities impacting business performance.

Strategic Planning

• Partner with Executive Management in developing and executing the Bank's strategic plan.
• Evaluate strategic initiatives and growth opportunities through detailed financial analysis.
• Perform sensitivity analysis to support strategic decision-making.
• Develop financial projections that support capital & tax planning and organizational growth objectives.

Leadership of Divisional Finance Officers

• Provide leadership and oversight to Divisional Finance Officers, who report directly to this position and support business lines and corporate functions.
• Ensure consistency of financial reporting, planning, and performance measurement across divisions.
• Establish financial performance metrics and accountability frameworks.
• Mentor and develop finance team members while fostering a culture of collaboration, continuous improvement, and business partnership.
• Serve as the primary escalation point for complex financial analysis and strategic business support.

Funds Transfer Pricing (FTP)

• Oversee implementation of the Bank's FTP methodology.
• Partner with Treasury and Asset Liability Management (ALM) teams to implement annual ALCO approved assumptions and to maintain assumptions for the Loan Profitability Model.
• Present FTP performance, trends, and recommendations to senior & executive management.
• Support profitability measurement through accurate attribution of net interest income and funding costs.

Costing & Profitability Management

• Lead enterprise cost allocation methodologies and governance processes.
• Oversee activity-based costing and profitability measurement for business lines, customers & products.
• Evaluate expense management opportunities and operational efficiencies.
• Provide transparency into cost drivers and profitability performance.
• Ensure allocation methodologies are documented, supportable, and aligned with business objectives.

Performance Management & Reporting

• Develop executive dashboards, KPI reporting, and management scorecards.
• Present financial results, forecasts, strategic analyses, and profitability insights to Executive Management, Management Committees, and the Board.
• Strengthen financial analytics capabilities through process enhancements and technology utilization.
• Provide insights into revenue growth, margin expansion, capital utilization, and expense management.

Risk Management & Governance

• Ensure compliance with internal financial policies and regulatory expectations.
• Support enterprise stress testing, capital planning, and strategic risk assessment activities.
• Maintain strong internal controls related to planning, profitability, and management reporting processes.
• Partner with Accounting, Finance, Treasury, Risk, and Operations to ensure data integrity and reporting accuracy.

Problem Solving & Decision Making:

• Independent and self-motivated individual who works well without close supervision.
• Excellent problem-solving and analytical capabilities.
• Exercises sound, independent judgment on complex budgeting, forecasting, and profitability matters, escalating issues with material impact to the CFO.
• Analyzes ambiguous or incomplete data to identify root causes of variances and risks, and develops practical, data-driven solutions.
• Makes timely, well-supported recommendations on strategic initiatives, expense management, and resource allocation under tight deadlines.

Education and Experience

• Bachelor's degree in Finance, Accounting, Economics, or related field required; MBA preferred.
• CPA, CFA, or other advanced financial designation preferred.
• Experience
• 15+ years of progressive finance, FP&A, profitability, Treasury, or banking finance experience.
• 5+ years of leadership experience managing finance professionals and business partners.
• Strong knowledge of banking financial statements, balance sheet management, profitability analysis, and regulatory banking environment.
• Experience with Funds Transfer Pricing (FTP), cost allocation methodologies, and profitability systems.
• Experience supporting executive leadership, Board reporting, and strategic planning processes.

Skills/Knowledge

• Advanced financial modeling and analytical skills, including scenario, sensitivity, and driver-based forecasting.
• Expert proficiency in Microsoft Excel and PowerPoint; experience with enterprise planning and budgeting systems (e.g., Axiom, Adaptive, Oracle EPM, or Hyperion).
• Experience with business intelligence and data visualization tools (e.g., Power BI or Tableau) and working knowledge of SQL or data warehouse environments.
• Strong written and verbal communication skills, with the ability to translate complex financial analysis into clear recommendations for executive management and the Board.
• Strong business acumen and strategic thinking, with the ability to influence and partner effectively across all levels of the organization.
• Proven ability to lead change, build high-performing teams, and drive process improvement and automation.
• High degree of integrity, sound judgment, and attention to detail in a regulated environment.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.