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Director, Financial Analysis and Planning

Accounting & Finance

I can provide over ten years of financial reporting and analysis experience with billion dollar institutions. Experience managing financial analysis and reporting functions, including the annual budget and semi-annual forecast process, cash flow reporting, profitability and financial modeling. Specific skills include the following:
•   Budget Planning and Forecasting	
•   Headcount Reporting                 
•   Product Pricing Analysis
•   Financial Modeling and Reporting	
•   Profitability Reporting               
•   Secondary Marketing
•   Variance Analysis		               
•   Financial Analysis                       
•   Strategic Planning


Oversee annual budget and semi-annual forecast for $1.3 billion company. Manage and mentor team of Financial Analysts. Calculate and consolidate compensation, headcount, depreciation and other operating expenses at the cost center level. Serve as primary financial advisor to executive team for expense management, strategic planning and execution of operational and financial plans. Maintain and update reporting system with monthly financial data and balance to Income Statement and Balance Sheet. Prepare profitability analysis at the product level, as well as the organizational level. Provide production reports for the executive team and Board of Directors. Develop detailed financial models for special projects and recurring reports. Establish operational metrics (KPIs) and build process for analysis and reporting of objectives. 


Review, research and submit explanations for budget variances for presentation to executive staff. Train management team and serve as point of contact regarding the budget system.Meet with senior executives to review modifications to division budgets and forecasts.Create and distribute monthly budget variance reports to Lending division. Complete product profitability analysis for promotional programs under consideration for implementation. Perform weekly analysis of credit union growth in the areas of account activity and production. Fulfill regulatory reporting requirements for lending products for Call Report on a quarterly basis. Collaborate with department managers to determine and define factors affecting product profitability to ensure the accurate allocation of expenses. Calculate, approve and submit Home Equity loan product incentive pay for Kinecta employees. Maintain, analyze and update Product Profitability System for all products and provide monthly analysis and write-up for presentation to executive staff. Provide ad hoc reporting as needed or requested by management or executive teams.

Senior Financial Analyst

Eric Sorensen is a Director, Financial Analysis and Planning at Financial Partners Credit Union in Cypress, CA.

Eric Sorensen

Eric Sorensen

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