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Sr. Financial Analyst

at Sallie Mae in Newark, Delaware, United States

Job Description

Sr. Financial Analyst

Dulles – Sterling, VA

Who we are:

Sallie Mae is proud to help Americans aspiring to create the life they imagine-whether that means helping them make college happen, or other endeavors they pursue to invest in their future. Our colleagues across departments and across the country are united in our passion and our customer-first approach. Whether you want to join a growing company, be part of an agile workforce, or gain new skills-you’re in the right place.

What You’ll Contribute

This position supports Sallie Mae Bank’s asset backed funding program and is responsible for reporting, model execution and analysis of the securitizations. The individual is expected to build a thorough knowledge of the program over a short period.

The individual is expected to demonstrate the ability to accurately structure and execute complex financial models, and effectively interpret and report results. The Senior Analyst is expected to be highly proficient in Excel to maintain models and reporting tools, solve issues and develop enhancements to improve efficiency and analysis.

The Senior Analyst will regularly interact with the Corporate Finance, Legal, Accounting, Compliance and Audit departments as well as with external accountants. The individual must have the ability to think clearly and independently and possess strong communication skills. The individual should possess the ability to work in a time-sensitive, deadline driven environment.

What You’ll Do

Description

% of Time Spent

• Monthly Securitization Reporting

· Prepares monthly reporting and distributes to key stakeholders

· Manages reporting requirements for Sallie Mae’s investor website

· Processes data uploads to reporting system

+ Reconciles cash flows and trust activity

· Enhances modeling and reporting platforms, as necessary

35%

• New Securitizations

· Coordinates setup of new issuances with investment banks, trustees, and other key stakeholders

· Supports loan selection process and reporting requirements for new issuances

· Sets up new issuances in debt management system

· Completes necessary analysis and reporting to be presented in offering materials

· Manages relationship with external accountants and ensures regulatory requirements are met

20%

• Data Management

· Provides ongoing support for department’s reporting tools

· Tests and implements any new reporting requirements

· Identifies enhancements to current reporting and supports automation efforts

+ Maintains policies and procedures

20%

• Annual Audits

· Supports internal and external audits conducted on an annual basis for the securitization program and conduit facility

15%

• Ad-hoc

+ Provides analysis as requested

10%

The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.

Required Qualifications:

What You Need to Succeed

Being focused on our customer helps us to deliver a lasting impression and instill trust. Through collaboration and teamwork, we are able to communicate effectively across departments leading to better decision quality. We hold ourselves to the highest standards ensuring accountability in all we do to deliver on our mission and shared values.

What You Have

Minimum: Indicate minimum education, skills and experience required.

• Bachelors’ Degree in Finance, Data Analytics, Statistics, Mathematics or related field.

• 2+ years of modeling/analytics experience.

• Strong financial analysis and modeling skills.

• Highly proficient in Microsoft Excel, Access, and PowerPoint.

• Excellent attention to detail and organizational skills.

• Self-starter with strong communication, interpersonal and problem-solving skills.

• Excellent time management skills; ability to handle multiple tasks in a fast-paced environment under strict deadlines.

Accountability – Hold self and others accountable to meet commitments.

Collaboration – Build partnerships and work collaboratively with others to meet shared objectives.

Communication – Develop and deliver multi-mode communications that convey a clear understanding of the unique needs of different audiences.

Customer focus – Build strong customer relationships and delivers customer-centric solutions.

Decision quality – Make good and timely decisions that keep the organization moving forward.

Instill trust – Gain the confidence and trust of others through honesty, integrity, and authenticity.

Preferred: Indicate “nice to haves” regarding education, skills, and experience.

• Fundamental understanding of asset-backed securities.

• Knowledge of SAS.

The Americans with Disabilities Act

The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the “essential functions” of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function.

What You’ll Get at Sallie Mae:

+ Comprehensive Compensation and Healthcare Benefits (Medical, Dental, Vision plans)

+ Financial Well-being : 401(k) company match, employee stock purchase plan, and basic life insurance and short-term disability are provided to employees at no cost

+ Work/Life Balance : Paid time off, time off to volunteer, and tuition reimbursement. In addition, after 6 months of employment, primary caregivers receive 12 weeks of 100% fully paid time off and secondary caregivers are eligible for 4 weeks of 100% fully paid time off, for birth or adoption

+ Wellness : Fitness centers/gym subsidies, free Fitbits with step challenges, and wellness education

Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. If you’d like more information about your EEO rights as an applicant, please click here. EEO is the Law Supplement. Click here to view the U.S. Pay Transparency Policy.

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Job Posting: JC201973712

Posted On: Jan 14, 2022

Updated On: Apr 07, 2022