Business Analytics Manager manages and oversees business analytics projects and processes to provide data-driven insights related to business performance used to advise and develop strategies for operational improvements and future business initiatives. Utilizes KPIs, business performance data, industry trends, competitor intelligence, and customer information to develop analytical tools, reports, and models across the organization to inform and support decision-making. Being a Business Analytics Manager consults with stakeholders to understand the business model, objectives, issues, and challenges that analytics can support. Develops standards and collection processes to support robust analytics and reporting data pipelines. Additionally, Business Analytics Manager builds teams with statistical methods, modeling, analytical methodologies, and data analysis skills to support the business. Requires a bachelor's degree in finance, statistics or a quantitative field. Typically reports to a head of a unit/department. The Business Analytics Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Business Analytics Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Description
POSITION PURPOSE
The Finance and Analytics Manager plays a crucial role in supporting the coordination and prioritization of analytical efforts while driving initiatives to establish a foundational Business Intelligence (BI) program within the credit union. This position focuses on coordinating analysts, optimizing processes, and facilitating the transition towards enhanced data utilization and strategic decision-making.
ESSENTIAL FUNCTIONS AND BASIC DUTIES
1) Prioritizing and Coordinating Analysis:
a) Coordinate analytical projects to ensure alignment with organizational goals and priorities.
b) Provide guidance and support to analysts to enhance efficiency and effectiveness in delivering insights.
c) Foster collaboration among departments to facilitate data sharing and maximize analytical outcomes.
2) Transitioning to Comprehensive BI Program:
a) Support the development and implementation of a foundational BI program to improve data utilization and decision-making capabilities.
b) Assist in evaluating BI tools and technologies to enhance the credit union's analytical capabilities.
c) Contribute to the establishment of data governance frameworks to ensure data integrity and compliance.
3) Financial Management Support:
a) Assist in financial analysis, budgeting, and forecasting activities to support senior management and departmental needs.
b) Monitor financial performance metrics and assist in identifying areas for improvement or optimization.
c) Provide insights into financial risks and opportunities to support strategic decision-making.
4) Process Optimization:
a) Identify opportunities to streamline data gathering, reporting, and analysis processes to improve efficiency.
b) Support the implementation of automation solutions to reduce manual effort and enhance analytical throughput.
c) Provide training and support to analysts on analytical techniques and tools to drive continuous improvement.
5) Enhanced Reporting and Visualization:
a) Assist in the development and delivery of financial reports, forecasts, and analyses tailored to stakeholder requirements.
b) Support the creation of interactive dashboards and visualizations to communicate insights effectively.
c) Utilize analytical tools and techniques to generate customized reports and visualizations as needed.
6) Strategic Planning Support:
a) Contribute to strategic planning initiatives by providing data-driven insights and analysis.
b) Collaborate with senior management to identify opportunities for organizational growth and optimization.
7) Stakeholder Communication and Engagement:
a) Communicate analytical findings and insights to stakeholders in a clear and concise manner.
b) Build strong relationships with internal stakeholders to promote collaboration and alignment with organizational goals.
c) Provide guidance and support to stakeholders on leveraging data for decision-making purposes.
PERFORMANCE MEASUREMENTS
1) Project Coordination:
a) Evaluate the efficiency of project coordination efforts and alignment with organizational priorities.
2) BI Program Development:
a) Monitor progress in establishing foundational BI program components and adherence to established frameworks.
3) Financial Analysis Support:
a) Track accuracy and timeliness of financial analysis deliverables and contributions to decision-making processes.
4) Process Optimization:
a) Measure improvements in process efficiency and adoption of automation solutions among analytical teams.
5) Reporting and Visualization:
a) Assess the impact and effectiveness of reports and visualizations in communicating insights to stakeholders.
6) Strategic Support:
a) Evaluate the contribution of data-driven insights to strategic planning initiatives and organizational objectives.
7) Good working relationships, DEI and collaborative initiatives exist with credit union personnel.
Requirements
QUALIFICATIONS
EDUCATION/CERTIFICATION: Bachelor’s degree in business analytics, finance, information technology, statistics, computer science, accounting, business, or a related field or commensurate experience preferred.
REQUIRED KNOWLEDGE: Thorough knowledge of financial and accounting practices and procedures.
EXPERIENCE REQUIRED: Five or more years of relevant experience in data analytics, financial analytics, business intelligence, or a related field preferred.
SKILLS/ABILITIES: Excellent problem solving skills.
PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION
FINGER DEXTERITY: Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together.
TALKING: Especially where one must convey detailed or important instructions or ideas accurately, loudly, or quickly.
AVERAGE HEARING: Able to hear average or normal conversations and receive ordinary information.
AVERAGE VISUAL ABILITIES: Average, ordinary visual acuity necessary to prepare or inspect documents or products, or operate machinery.
PHYSICAL STRENGTH: Sedentary work. Sitting most of the time. Exerts up to 50 lbs. of force occasionally. (Almost all office jobs.)
WORKING CONDITIONS
NONE: No hazardous or significantly unpleasant conditions. (Such as in a typical office.)
MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION
REASONING ABILITY: Ability to apply logical thinking to define problems, collect data, establish facts, and draw conclusions.
MATHEMATICS ABILITY: Ability to perform analytical reviews of financial statements and other financial data.
LANGUAGE ABILITY: Ability to read periodicals, journals, articles related to the Credit Union industry.
INTENT AND FUNCTION OF JOB DESCRIPTIONS
Job descriptions assist organizations in ensuring that the hiring process is fairly administered and that qualified employees are selected. They are also essential to an effective appraisal system and related promotion, transfer, layoff, and termination decisions. Well-constructed job descriptions are an integral part of any effective compensation system.
All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.
In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.
Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.
Clear All
0 Business Analytics Manager jobs found in Muskegon, MI area