A member of the Commercial Credit team that partners with senior team members supporting the duties ... Analyze financial information and related materials and complete the credit analyses for the Bank ...
A member of the Commercial Credit team that partners with senior team members supporting the duties ... Analyze financial information and related materials and complete the credit analyses for the Bank ...
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Sr. Analyst, SAP Finance & Project Systems
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Senior Financial Analyst information
See Rochester, NY salary details
$54.3K - $60.2K
0% of jobs
$60.2K - $66.1K
1% of jobs
$66.1K - $72K
2% of jobs
$72K - $78K
6% of jobs
$78K - $83.9K
14% of jobs
$84.6K is the 25th percentile. Wages below this are outliers.
$83.9K - $89.8K
16% of jobs
The median wage is $94K / yr.
$89.8K - $95.7K
16% of jobs
$95.7K - $101.7K
16% of jobs
$103.6K is the 75th percentile. Wages above this are outliers.
$101.7K - $107.6K
14% of jobs
$107.6K - $113.5K
13% of jobs
$113.5K - $119.4K
3% of jobs
$54.3K
$95.2K
$119.4K
How much do senior financial analyst jobs pay per year?
What does a senior financial analyst do?
Financial analysts improve a company’s financial profile by aligning accounting decisions with economic trends. Once they have at least 4-6 years of work experience, financial analysts can advance towards a senior financial analyst role. Senior financial analysts closely examine data, then use their findings to advise on investment decisions. They also supervise other members of the finance department, support forecasting, and prepare financial proposals to be approved by the Chief Financial Officer (CFO).
What are the key skills and qualifications needed to thrive as a senior financial analyst, and why are they important?
What is a senior financial analyst?
What is the difference between Senior Financial Analyst vs Financial Analyst?
| Aspect | Senior Financial Analyst | Financial Analyst |
|---|---|---|
| Required Credentials | Bachelor's degree, often CPA or CFA preferred | Bachelor's degree in finance, accounting, or related field |
| Work Environment | More strategic, leadership responsibilities, mentoring | Data analysis, reporting, supporting senior staff |
| Employer & Industry Usage | Corporate finance, investment firms, consulting | Corporate, banking, investment, and finance sectors |
The main difference is that Senior Financial Analysts typically have more experience, handle complex financial analysis, and may oversee junior staff, while Financial Analysts focus on data collection, reporting, and supporting senior team members. Both roles require similar credentials but differ in responsibility level and strategic involvement.
How does a senior financial analyst typically collaborate with other departments within an organization?

M&T Bank rating
7.8
Based on 185 frontline employees who took The Breakroom Quiz
89th of 170 rated banks
Job description
A member of the Commercial Credit team that partners with senior team members supporting the duties of underwriting and the on going monitoring of a portfolio of credit relationships. Responsible for performing supporting analysis, identifying risk issues, and completing sections of credit analysis, as needed, to assess the creditworthiness of commercial clients.
Primary Responsibilities:
- Facilitate the credit needs of customers by underwriting new requests and material modifications from deal screen through approval and for the life of the loan. This analysis may include recommending adding or removing conditions.
- Manage the ongoing credit risk of existing loan portfolios through continuous credit monitoring (CCM) activities enabling the timely identification of emerging credit risk so that appropriate actions can be taken to manage the risk, minimize losses and assign an accurate risk rating. A CCM program includes but is not limited to annual reviews, interim update memos, a covenant monitoring program, problem loan management, early warning indicators, and other forms of credit surveillance.
- Review all pertinent credit and financial information, including but not limited to financial statements, tax returns, due diligence reports, credit bureaus, appraisals, internal credit information, industry research and peer data. Determine the need for more thorough investigation or additional information.
- Analyze financial information and related materials and complete the credit analyses for the Bank's commercial transactions. Written analyses to include an independent credit quality assessment with well-supported risk rating, identification of and description of credit risks and mitigants, industry concerns, market trends, financial trends, and other pertinent credit issues of respective deals.
- Make appropriate structure recommendations based on an analysis and evaluation of scenarios including the company's case, bank's base case and a downside case.
- As part of managing the ongoing credit risk of existing portfolios, identify suspicious activity and activity that may be contrary to customer's interest.
- Partner proactively with relationship managers (RM) and be intimately involved throughout the deal process, from deal screen through approval and for the life of the loan to maintain timely and accurate risk ratings for a portfolio of commercial credits. Spread financial statements and prepare financial / projection models designed to sensitize various conditions impacting the proposed transaction.
- Prepare cash flow, collateral schedules, covenant sensitivity calculations, financial models, and guarantor statement analysis as appropriate.
- Attend client/prospect calls with RMs to gain a thorough understanding of the client/prospect and their business to effectively analyze and underwrite the proposed transaction. Based on underwriting parameters, recommend the risk rating.
- Prepare summary, present facts, and offers opinions concerning credit-worthiness.
- Present analysis or address questions during credit request discussions or committee presentations.
- Ensure credit policy compliance by verifying adherence of underwriting to the Commercial Credit Policy and commenting on any risk associated with non-compliance.
- Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
- Promote an environment that supports belonging and reflects the M&T Bank brand.
- Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
- Complete other related duties as assigned.
Scope of Responsibilities:
Commercial Credit is responsible for the credit delivery of the Bank's commercial clients throughout the credit lifecycle. Credit assessments range from initial analyses of new relationships to the Bank to material modifications or restructurings of long-term relationships and ongoing monitoring through the life of the loan. Commercial Credit is also responsible for ensuring the accurate completion of the Bank's risk rating scorecards and financial statement spreads. The work completed in this capacity is used to make credit decisions for new or renewed or amended credit transactions.
The position interacts with commercial banking relationship managers throughout the bank's footprint and industry verticals as well as other internal personnel on credit approvals.
Customer interaction is expected.
Works independently with limited supervision.
Supervisory/Managerial Responsibilities:
N/A
Education and Experience Required:
Bachelor's degree in Accounting, Finance, Economics or related field and 2 years' experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis. In lieu of a degree, a combined minimum 6 years' higher education and work experience to include 2 years' experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis.
Strong analytical skills with proficiency in financial modeling and analysis of credit metrics.
Strong verbal and written communication skills.
Critical thinking and problem-solving abilities.
Attention to detail with a high level of accuracy.
Strong organizational and time management skills.
Ability to work independently and as a part of a team.
Customer focused with strong interpersonal skills.
Proficiency with Microsoft Office.
Education and Experience Preferred:
Experience with Capital IQ, FactSet, and Bloomberg preferred.
#LI-LA1
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $71,600.00 - $119,300.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
Rochester, New York, United States of America
About M&T Bank
Sourced by ZipRecruiter
Industry
Finance and insurance
Company size
10,000+ Employees
Headquarters location
Buffalo, NY, US
Year founded
1856