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Senior Manager, Financial Modelling & Valuation

Employer
Westpac Banking Corporation
Location
Sydney, Australia
Salary
Competitive
Closing date
May 24, 2024

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description

  • Based in Sydney
  • Flexible hybrid work arrangements, 3 days in office
  • Full-time, permanent

How will I help?

This role will provide support to the Director of financial modelling & valuations within Group finance to drive forward thinking, ideation and advice in relation to the group strategy and financial outcomes.

The successful candidate will require a strong corporate finance and financial modelling background, including a detailed understanding of the industry, regulatory context, peers, profitability and valuation drivers, as well as relative returns.

They will also support to drive a cultural shift in business conversations and decision-making, anchored to future outcomes, external lenses and the next disclosable event, in a manner that is efficient, data-led, driver-based and actionable. This includes the development, operationalisation and ongoing enhancement of financial modelling capability across our key lines of business, functions and group valuation models.

Responsibilities will include:
  • Understanding of best practice modelling techniques, model interpretation, corporate finance and valuation methodology.
  • Work with GF Finance Transformation Strategy and Business Intelligence teams to develop, operationalise and continuously enhance financial modelling capability across the Finance job family.
  • Build and lead deeper valuation capability by translating Line of Business (LOB) financials into Sum of The Parts (SoTP) valuation outcomes to support key balance sheet and capital allocation decisions (driving assessment of share price performance).
  • Build and lead capability within the Group for how risk adjusted returns are understood and used across the enterprise, including but not limited to exploring best practice approaches on product and customer profitability.
  • Develop and maintain management policies, standards, and guardrails for financial modelling capability.
  • Provide insight into the competitive environment, industry and regulatory trends and incorporate into ongoing analysis for senior stakeholders.
  • Provide advice and challenge on modelling data, drivers, processes, outcomes, sensitivity analysis, scenario planning, and insights for the Group, our key lines of business and functions to evaluate impact of potential changes to performance.

What's in it for me?

You'll play a significant part of the future of a business that has been around for 200 years. Our purpose is to create better futures together. So, we'll back you in the development of your career, internal career prospects, and flexible working. You'll also keep learning to grow your career, backed by a fantastic team of people with a can-do, supportive structure. Whatever shape your family takes, we offer generous paid and unpaid parental leave for your nominated primary and support carers. This includes leave to organise adoptions, surrogacy, and foster care arrangements. And we continue to pay your super contributions while you take all the time you need to get your new family settled.

What do I need?
  • Previous financial modelling experience in banking and or financial services industry
  • Strong corporate finance and valuation skillset, with a deep understanding of what drives share price performance
  • Experience in banking revenue modelling
  • Combining technical skills with commercial acumen to deliver superior problem-solving and insights to "connect the dots" beyond the financials
  • Proven capability in critically analysing and synthesising complex information into simple digestible key messages and actionable insights
  • Competency in translating financial modelling and valuation outcomes into strategy, policy formulation and practical business application
  • Balancing risk appetite and group controls to drive the right performance outcomes
  • Chartered or CPA qualified may be desirable, but not essential

What is it like to work there?

We aim to provide one big, supportive team to help us achieve our purpose of creating better futures together. As well as competitive remuneration and a great culture, joining the Westpac family means you will get some of the best banking, wealth and insurance benefits in the market.

We back our employees by helping them work towards industry-recognised qualifications, using online learning, training modules and career planning tools for you to grow with us. We will even pay you to do volunteer or community work.

As an equal opportunity employer, we are proud to have created a culture and work environment that values diversity and flexibility - and champions inclusion.

How do I apply?

Start here. Just click on the APPLY button.

At Westpac we are committed to providing a supportive culture and creating diverse, inclusive, and accessible workplaces, branches, products and services for our customers, employees, and community. This role is open to experienced candidates seeking a discussion around workplace flexibility. We invite candidates of all ages, genders, sexual orientation, cultural backgrounds, people with disability, neurodiverse individuals, and Indigenous Australians to apply. If you have questions about the recruitment process, please email talentacquisition@westpac.com.au.

Do you need reasonable adjustments during the recruitment process?

We can provide reasonable adjustments for individuals with disability and/or neurodiversity. If you require an adjustment to be made during the recruitment process at any stage, please call 1800 655 592 Option 2.3 or email talentacquisition@westpac.com.au

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