Forecast Planning Manager manages the organization's forecast planning function using inventory levels, production speed, and product demand to estimate output. Gathers and evaluates data to develop solutions for increasing production. Being a Forecast Planning Manager may work with vendors, customers, and other departments within the organization to determine optimal inventory levels. May require a bachelor's degree. Additionally, Forecast Planning Manager typically reports to a director or head of a unit/department. The Forecast Planning 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 Forecast Planning 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)
The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.
Need Help?
If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).
Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Responsibilities may include:
1. Develop monthly financial forecasts that incorporate all internal and external factors that impact net interest income and net interest margin by working closely with the LOB CFOs.
2. Manage the monthly production of the Corporation's asset/liability (A/L) models to measure IRR and EVE sensitivities.
3. Oversee the QRM model including updating chart of accounts, updating modeling assumptions, and ensuring best practices are being utilized.
4. Review and validate ALM results through an effective back-testing process.
5. Identify primary drivers of monthly, quarterly, and annual changes in net interest margin.
6. Provide in-depth analysis and understanding of potential income enhancement or risk mitigation strategies that will be presented to Executive Leadership. Coordinate with Financial Planning, Capital Planning, and Corporate Funding to ensure that the full impact of the strategies to Capital and Liquidity have been identified and properly evaluated.
7. Manage balance sheet forecasting process including providing leadership to Asset Liability Management team, promoting knowledge sharing, demonstrating how programs relate to financials and improving the process through automation and simplification. Also responsible for the management and the preparation of various monthly MRLCC reports as needed including investments, funding, derivatives and BOLI.
8. Provide subject matter expertise to the QRM enhancement project and model development activities.
9. Interact with internal and external auditors, external examiners, Model Risk Management, and Market Risk and Liquidity Management in the audit oversight of the forecasting and reporting functions.
10. Provide subject matter expertise as an active member of the Interest Rate Risk and Investment Portfolio Committee (IRRIPC) and various pricing committees and present forecast results at the monthly Strategic MRLCC meetings.
Minimum Requirements:
1. Master's degree in Business, or equivalent education and related training
2. 10 years of experience in banking or related field, 8 years in asset/liability management (ALM) in a commercial bank
3. 5 years of management experience that includes substantial supervisory responsibilities.
4. Ability to think strategically
5. Ability to handle several competing priorities concurrently as well as the ability to adhere strictly to deadlines and have a high sense of urgency
6. Ability to interact at all levels of management
7. Exceptional writing skills, verbal communication skills and personal presentation skills
8. Ability to create precise, targeted communication that creates ease of understanding of complex issues
9. A comprehensive understanding of accounting rules and regulations including a strong understanding of purchase accounting
10. Comprehensive knowledge of financial forecasting techniques and financial theory and application
Preferred Requirements:
1. Chartered Financial Analyst (CFA), Certified Public Accountant (CPA) or Certified Management Accountant (CMA) Designation
2. Extensive QRM experience
3. Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
4. Strong analytical skills with high attention to detail and accuracy
5. Model development experience
6. VB (Visual Basic) experience
7. Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
8. Strong analytical skills with high attention to detail and accuracy
9. Hyperion Essbase experience
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify