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Finance Cons

Company: Wells Fargo Bank
Location: Gastonia
Posted on: February 13, 2020

Job Description:

Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. -- In order to receive text message invitations, your profile must include a mobile phone number designated as ------Personal Cell------ or ------Cellular------ in the contact information of your application.At Wells Fargo, we want to satisfy our customers------ financial needs and help them succeed financially. We------re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you------ll feel valued and inspired to contribute your unique skills and experience.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.Enterprise Finance drives financial management for the company and maintains and enhances risk and financial controls. Key functions within Enterprise Finance include finance and accounting; Treasury; corporate development, mergers, and acquisitions; Data Management and Insights, the Customer Remediation Center of Excellence, Enterprise Shared Services, Business Process Management, and Corporate Strategy. Enterprise Finance informs shareholders, regulators, taxing authorities, team members, and leaders of the company------s financial performance through earnings releases, investor meetings and conferences, and meetings with regulators and credit rating agencies, following appropriate reporting guidelines. They also maintain and enhance risk and financial controls and lead many of the company------s shared services functions including corporate properties, security, and global services.The Finance Cost Allocation Center of Excellence (Enterprise Cost) team is focused on the transformation of Wells Fargo costing approaches by driving more efficient costing processes, as well as effective utilization of cost data, including enhanced transparency and management insights.Enterprise Cost is accountable for managing the Wells Fargo costing framework through:------ --Leadership of various enterprise-wide costing governance councils------ --Delivery of the operating model focused on cost allocation and consulting including: regulatory/statutory requirements and insightful cost analysis------ --Consolidation and standardization of toolsets and reportingThe RoleThis Financial Consultant role will provide consultative advice on the development of cost allocation methodologies in support of management reporting and Resolution & Recovery Planning (RRP) for various Wells Fargo lines of business (LOBs). This position will utilize tools such as CVR, Essbase and CAS in the development of more efficient, effective and transparent INIE and lead key analytics like cost spend and recovery. These responsibilities will enable insightful conversations between service providers and service consumers that support profitability analysis, unit cost trending, and regulatory/statutory requirements.As a team member of the Enterprise Cost COE, this role will support the financial maturity and transformation of costing across the organization.Specifically, the Financial Cost Consultant role will:------ --Drive the creation of cost methodologies with a focus on methodologies that support both Management Reporting and Resolution Planning------ --Create standards around the allocation of shared services and the subsequent requirements in CVR, Essbase and CAS------ --Partner with and educate the DNIE teams supporting the various Wells Fargo LOBS and support groups to ensure that the teams have a strong sense of teamwork to accomplish the goals of the COE------ --Deliver ad-hoc analysis to support various LOB questions related to their overall consumption of INIE------ --Assess the existing INIE methodologies in place and determine where advances can be made to further support greater transparency and to simplify the cost allocation approach------ --Maintain a balance between operational efficiency, effectiveness and risk mitigation------ --Provide ongoing participation with the various cost advisory councils and enterprise-wide communication forumsWells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through our many locations, ATMs, the internet ( and mobile banking. To learn more, Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories

Required Qualifications

  • 4+ years of experience in one or a combination of the following: finance, accounting, analytics and reporting; or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics, Business and 2+ years of experience in one or a combination of the following: finance, accounting, analytics or reporting

    Desired Qualifications
    • A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
    • Ability to successfully operate in a complex and matrixed environment
    • Excellent verbal, written, and interpersonal communication skills
    • Ability to translate complex technical needs into straightforward requests for information and collaboration, working with a wide range of people
    • Ability to quickly establish credibility to build and maintain effective working relationships
    • Experience delivering results in a fast-paced, deadline driven environment
    • Advanced Microsoft Office (Outlook, Excel, Word, PowerPoint, LiveMeeting and SharePoint) skills
    • Knowledge and understanding of financial allocation and costing systems

      Other Desired Qualifications
      • Proven self-directed learner with a capacity to learn & excel in new domains/functions
      • Working knowledge of CVR and/or other Cost Toolsets, and FP&A systems
      • Prior experience in building financial models including experience analyzing complex costing functions
      • Demonstrated ability to build and maintain strong working relationships with Business Partners and Finance areas across Wells Fargo
      • Ability to translate complex concepts so that they are clearly understood in support of sound decisions


        All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

        Relevant military experience is considered for veterans and transitioning service men and women.
        Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Keywords: Wells Fargo Bank, Gastonia , Finance Cons, Other , Gastonia, North Carolina

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