Job Description

Date Active

Mar 6, 2023 10:25:58 AM

Requisition #


Hours Per Week



145 Bank Street-NH501





Job Description/ Requirements

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer. 


Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!


Business Unit Finance Officer (BFO) is responsible for being an objective and strategic financial partner to a line(s) of business leader.  Includes, leading collaborative cross functional effort to drive relevant, flexible and efficient financial planning and analysis that supports our key business decisions.  Coordinates the budgeting/forecasting process for the line of business, and provides financial reporting, financial analysis and accounting support to line of business management. 


Key Responsibilities:

  1. Lead financial advisor to support the business line leader of businesses by providing financial and analytical counsel to facilitate decision-making around strategic business initiatives
  2. Develop annual budgets, quarterly forecasts, and long range strategic plans in partnership with managers including assumptions, validation, modeling and metrics
  3. Gather relevant  information for management to make sound business decisions in support of business strategic direction
  4. Ensure budgets/forecasts are developed and input accurately in accordance to corporate and executive guidance/expectations (to include balance sheet, PPNR, revenue, expense and growth rates)
  5. Generate relevant monthly reporting to support the present business performance and provide relevant variance analysis for management
  6. Provide unbiased validation of financial justifications are in support of strategic initiatives, capital, and staffing investments (provide critical analysis and assumptions) appropriately justify the investment and is in-line with expected returns
  7. Stay current with industry changes and peer group trends; create fact based recommendations to line of business leader and corporate management to drive process improvements
  8. Understand the company's internal profitability methodologies and measurement and ensures they are current and relevant
  9. Assist with the education of business line management on the components of profitability measurement and economic profit (EP)
  10. Actively participate in the administration, review and approval of the variable compensation plans, if applicable
  11. Actively participate and contribute to the accurate production/review of corporate financial deliverables, to include, but not limited to, the month end accounting close, quarterly earnings call, 10Q/10K, annual report, proxy statement, investor presentations, goodwill, etc.
  12. Meet with and present financial information to line of business and executive management
  13. Provide functional advice or training to less experienced finance staff
  14. Perform customer and product profitability analysis.  Identifies opportunities to drive revenue growth, margin expansion and a more favorable mix
  15. Continually identify and execute upon process improvement opportunities
  16. Support business line as a liaison to CFO organization to ensure financial controls are being adhered to (SOX, GL Recons, policies, procedures and regulatory requirements)
  17. May have supervisory oversight of one or more analysts; which would include mentoring, goal setting, performance planning, reviews and development planning
  18. Acts as a trusted liaison across all areas of the bank


  • Undergraduate degree in Finance, Accounting, or Economics
  • Five or more years of experience in the Financial Sector
  • Superior skills with Microsoft Office applications (Excel, PowerPoint, Word, Outlook)
  • Strong communication, analytical and data organization/interpretation skills
  • Prior exposure to financial budgeting, forecasting and reporting systems, required
  • Attention to detail and accuracy is required
  • Overall understanding of accounting principles & profitability
  • Proven ability to multi-task, work under pressure, resourceful and meet tight deadlines while maintaining flexibility




The estimated salary range for this position is $90,000 USD to $110,000 USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

Equal Opportunities

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!

Apply Online