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Lead Financial Analyst

Discover. A brighter future.With us, you'll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it - we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.Come build your future, while being the reason millions of people find a brighter financial future with Discover.Job Description:What You'll Do• Provides financial and business analysis support.• Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.How You'll Do It• Develops profitability analyses and projections for marketing and customer segments.• Analyzes customer behaviors and product profitability trends to understand financial implications and influence actions.• Develops and enhances financial models. Improves forecasting accuracy and drives business insights.• Provides management with strategic advice and financial analyses for investment decisions, pricing changes, and channel and segment expansions.• Performs competitive analyses to drive strategic insights and actions.• Translates business opportunities and issues into financial analyses. Develops business cases with recommendations to management.Qualifications You'll NeedThe Basics• Bachelor's degree in Finance, Business Administration and Management, or related• 2+ years of experience in Financial Services, Consulting, Investment Banking or relatedPhysical and Cognitive RequirementsThe physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:• Primarily remain in a stationary position.• No required movement about the work environment to complete the major responsibilities of the job.• Primarily performed indoors in an office setting.• Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.• Ability to communicate verbally.; Ability to communicate in written form.Bonus Points If You Have• Master degree in Finance, Business Administration and Management, or related• 4+ years of experience in Financial Services, Consulting, Investment Banking or relatedDiscover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.#LI-EB1Application Deadline:The application window for this position is anticipated to close on Nov-30-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.Compensation:The base pay for this position generally ranges between $77,500.00 to $131,500.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.Benefits:We also offer a range of benefits and programs based on eligibility. These benefits include:• Paid Parental Leave• Paid Time Off• 401(k) Plan• Medical, Dental, Vision, & Health Savings Account• STD, Life, LTD and AD&D• Recognition Program• Education Assistance• Commuter Benefits• Family Support Programs• Employee Stock Purchase PlanLearn more at mydiscoverbenefits.com .What are you waiting for? Apply today!All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights & Pay Transparency Nondiscrimination Provision)Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email HireAccommodation@discover.com . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.
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Average salary estimate

$104500 / YEARLY (est.)
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$77500K
$131500K

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What You Should Know About Lead Financial Analyst, Discover

Are you ready to take your career to the next level? As the Lead Financial Analyst at Discover in Chicago, IL, you will embark on a journey filled with meaningful work from day one. We embrace a collaborative culture built on key principles like playing to win, ongoing improvement, and achieving success together. You will have the chance to shine and make a difference in one of the world’s leading digital banking and payments companies. In this role, your primary responsibility will be to provide comprehensive financial and business analysis support. You’ll develop profitability analyses and projections for marketing and customer segments while diving deep into customer behaviors and product profitability trends. Your insights will impact key investment decisions and pricing changes. As you enhance financial models and improve forecasting accuracy, you’ll be the backbone of strategic decision-making within the company. We encourage you to grow with us, because at Discover, we believe in creating brighter financial futures for millions. Join us, and let’s succeed together!

Frequently Asked Questions (FAQs) for Lead Financial Analyst Role at Discover
What are the key responsibilities of a Lead Financial Analyst at Discover?

The Lead Financial Analyst at Discover is responsible for providing vital financial and business analysis support, managing risks, and analyzing customer behaviors and product profitability trends. You'll develop profitability analyses for marketing segments, enhance financial models, and provide strategic advice for investment decisions.

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What qualifications do I need to apply for the Lead Financial Analyst position at Discover?

To be considered for the Lead Financial Analyst role at Discover, you need a Bachelor’s degree in Finance, Business Administration, or a related field, alongside at least 2 years of experience in financial services, consulting, or investment banking. A Master’s degree and additional experience are considered bonuses.

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What skills are crucial for success as a Lead Financial Analyst at Discover?

Crucial skills for the Lead Financial Analyst role at Discover include strong analytical capabilities, proficiency in financial modeling, excellent communication skills, and a good understanding of market trends. The ability to translate complex data into actionable insights is key for success in this role.

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What does the work environment look like for a Lead Financial Analyst at Discover?

As a Lead Financial Analyst at Discover, you'll primarily work in an office setting in Chicago. The role is mostly stationary, using office equipment like computers, printers, and telephones. Discover promotes a supportive work environment that values employee comfort and communication.

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What benefits does Discover offer for the Lead Financial Analyst position?

Discover offers a comprehensive benefits package for the Lead Financial Analyst position, including paid parental leave, medical, dental, and vision insurance, a 401(k) plan, education assistance, and employee stock purchase options, among others.

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Common Interview Questions for Lead Financial Analyst
Can you describe your experience with financial modeling?

When answering this question, highlight specific examples of financial models you have built or enhanced, explaining the context or purpose behind them. Emphasize the impact these models had on decision-making or forecasting accuracy.

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How do you approach risk management in financial analysis?

Discuss your systematic approach to identifying, assessing, and managing financial risks. Provide examples of how you have applied these strategies in past roles, particularly within financial services environments.

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What steps do you take to ensure your analyses are accurate?

Highlight your attention to detail and the methodologies you use to verify data accuracy. Discuss any tools or software that you leverage to minimize errors in your analyses.

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How have you influenced business decisions through your financial analyses?

Offer concrete examples of business cases or recommendations you've made that were selected by management. Be sure to show the positive outcomes from your contributions.

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What methods do you use to analyze customer behaviors?

Explain your approach to gathering and analyzing customer data, including any specific metrics or analytical frameworks you apply. Discuss how your findings have informed product development or marketing strategies.

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Can you explain how you model profitability for different segments?

Detail the process you employ to model profitability by segment, including your methodologies for capturing costs and revenues accurately. Illustrate with examples of segments you've worked on.

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What key financial metrics do you focus on regularly?

List the key metrics you consider essential in financial analysis, such as ROI, profit margins, or customer acquisition cost, and explain why they are significant to the business.

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Describe a time you encountered an unexpected issue with your analysis. How did you react?

Provide a specific example that showcases your problem-solving abilities. Describe the issue, your immediate response, and the outcome after implementing your solution.

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How do you stay updated on market trends relevant to the financial sector?

Discuss the resources you use to stay informed, such as industry publications, networking, and continuous education. Point out how these resources have helped you in your role.

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What software tools are you proficient in for financial analysis?

Mention the financial analysis tools and software (like Excel, ERP systems, or financial modeling software) you are proficient in, along with examples of how you have used them effectively in your work.

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Full-time, on-site
DATE POSTED
December 18, 2024

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