Financial Analyst, FP&A

Fay Financial
Chicago, IL Full Time
POSTED ON 5/21/2022 CLOSED ON 6/4/2023

Job Posting for Financial Analyst, FP&A at Fay Financial

Fay Financial, originated in 2008, is a full-scale real estate services company that offers mortgage servicing, property renovations, business purpose lending, insurance, and more to homeowners, investors, and clients nationwide. Fay handles a wide range of mortgage loan solutions for prospective homeowners with varying credit histories and also offers to refinance for existing mortgages.
Fay Financial is made up of separate business units offering a complete range of homeownership products and services that provide customers with solutions to navigate the challenges of homeownership while helping them build toward their long-term financial goals.
Fay Cares!
While others in our industry focus on collecting money—or else—we take a kinder, more humane approach when homeowners fall short," explains CEO Ed Fay. "We consider the people behind those mortgages, and work hard to give them the best chance possible to stay in their homes.
The Fay-Constructive Foundation was established to fulfill the philanthropic mission of Fay Financial employees to serve the communities in which they live and work. Over 80% of employees across Fay, Constructive, and GenStone affiliate companies make voluntary contributions to the Foundation. Each quarter, their contributions are donated to organizations focused on improving education opportunities, combating poverty, and supporting military service members and first responders.
Come join us on our journey to serve our customers and be the leader in our industry!
The Financial Analyst will conduct research related to revenue, cash, and receivable items while comparing and analyzing actual results to plans. The role will also prepare and evaluate financial reports to be utilized in revenue optimization and cost recoveries, and assigned special projects. The role will also perform other financial duties as requested.
What you will do for Fay:

  • Prepare and compile the Servicing Fee Heat Map report to analyze fee amounts by categories
  • Compare and analyze workout incentive fees against business production, report variances and findings
  • Research revenue variances by client and identify root causes
  • Prepare aged receivable reports showing amounts due by client
  • Work with the Treasury department on holdback determinations related to BPLs
  • Assist with special projects as requested, e.g. commercial servicing, fee logic, support for Fay Affiliates

What you will bring to Fay:

  • Bachelor’s in Accounting or Finance required; High school diploma/GED required
  • High level of analytical skills for analyzing results and projected future results
  • 1 year of experience in working with financial analysis programs and projects
  • Very good reporting, summarization, and communications skills
  • Understanding of resource requirements for financial tasks
  • Excel and other MS office systems knowledge and proficiency
  • Strong written and verbal communication skills

We don’t just accept diversity – we support it, celebrate it, and thrive on it for the benefit of our employees, our customers, and our company. We are proud to be an equal opportunity workplace where we strive to think outside, and not simply check, the box.

Job Type: Full-time

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Salary.com Estimation for Financial Analyst, FP&A in Chicago, IL
$79,594 to $98,856
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