VP, FP&A – Credit Performance and Forecasting

Job ID: 2503548

Job Description:

Role Summary/Purpose:

This role will serve as the main point of contact for the finance team for matters as related to enterprise and client-level credit losses, collections, recoveries, fraud, and reserve performance and forecasting.  This includes both short term (monthly Rolling Forecast, Pacing) as well as long range (OP plan) forecasting. In addition to loss and reserve forecasting, this role will partner with Collections and Recovery Teams to review/analyze recovery strategies, credit to review and analyze fraud mitigation strategies, and platforms to support RSA calculations and commentary.

Our Way of Working

We’re proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.

Essential Responsibilities:

• Manage the pacing and quarter close process as it relates to provisions for both the P&L and balance sheet, partnering with Credit, Collections, Recovery, Controllership, Tax and Platform/Client finance teams

• Partner with Portfolio Finance teams to understand and communicate RSA implications of loss and reserve movements

• Partner with Credit & Controllership on monthly 8K reporting and documentation

• Provide platform and client support for loss and reserve related matters

• Provide ELT & IR team support for quarterly earnings release

• Partner with Collections and Recovery teams to review strategies

• Partner with credit to understand fraud mitigation strategies

• Review initiatives submitted to the Collections sub-committee for comment

• Engage with portfolio finance and risk teams to anticipate and explain movements in losses and reserves

• Partner with Credit, Platform Finance and NexGen growth teams to enhance process around client level reserves

• Prepare Hyperion loads for the Long-range forecast and Short-range forecast for provision for losses and ACL

• Provide drivers to risk for quarterly loss forecast and ACL calculation process

• Perform other duties and/or special projects as assigned

Qualifications/Requirements:

• Bachelor’s degree in Accounting, Finance, or related business field or in lieu of degree, 12 years equivalent experience

• Minimum 8 years of FP&Aexperience

• Minimum 3 years experience in financial modeling and/or use of Oracle / Hyperion Systems and databases

Desired Characteristics:

• Demonstrated ability to manage multiple priorities

• Financial services industry experience with a focus in Finance and Credit

• Ability to analyze complex issues, develop appropriate action plans and deliver the results timely

• Ability to work and influence in a matrix environment

• Ability to lead projects and assignments

• Demonstrated oral and written communication skills and ability to work cross functionally

• Proficient use of financial systems and analysis tools including Microsoft Office (e.g. Excel, Word, PowerPoint)

Grade/Level: 14

The salary range for this position is 150,000.00 – 250,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.

Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.

Salaries are adjusted according to market in CA, NY Metro and Seattle.

Eligibility Requirements:

• You must be 18 years or older

• You must have a high school diploma or equivalent

• You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process

• You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.

• New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles.  Once this new hire time in position requirement is met, the associate will have a minimum 6 months’ time in position before they can post for future non-exempt roles.  Employees, level 8 or greater, must have at least 18 months’ time in position before they can post.  All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don’t meet the time in position or performance expectations).

Legal authorization to work in the U.S. is required.  We will not sponsor individuals for employment visas, now or in the future, for this job opening. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. 

Our Commitment:

When you join us, you’ll be part of an inclusive culture where your individual skills, experience, and voice are not only heard – but valued. Together, we’re building a future where we can all belong, connect, and turn ideals into action. More than 50% of our workforce is engaged in our Employee Resource Groups (ERGs), where community and passion intersect to offer a safe space to learn and grow.

 

This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. We’re proud to have an award-winning culture for all. 

Reasonable Accommodation Notice:

• Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.

• If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627.   Representatives are available from 8am – 5pm Monday to Friday, Central Standard Time

Job Family Group:

Finance