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Sr. Finance Specialist - Budget and Reporting

Job ID R77685 Updated date 06/11/2019 Location Muntinlupa, Calabarzon
Alabang (96050), Philippines, Muntinlupa City, National Capital Region (Manila)

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Sr. Finance Specialist - Budget and Reporting

JOB SUMMARY:The role will be responsible for the overall preparation, initial review and consolidation of working file for Annual budget projection and monthly/quarterly adjustment of budget forecasts, loading and reconciliation of uploaded budget in the system, initial validation of the budget assumptions non-salary expenses, headcount for operations & support LOB’s and other expenses as assigned, drive optimization and appropriate utilization of budget within threshold, prepare management reports (BAU monthly & quarterly reports such as cashflow, MBR/QBR, decks for budget review and other ad hoc reports), conduct regular cadence with LOB’s, assist in the cost simulations & variance analysis and perform other ad hoc requests and projects.MAJOR RESPONSIBILITIES:
1. Prepare and consolidate working templates for the projection of Annual Budget for short & long-term duration and for the monthly/quarterly adjustments of budget forecasts or Outlook regrounding.  This includes the following:
  • Regular review and validation of the budget assumptions to ensure relevance and appropriateness of data used
  • Consolidation of budget requests for other site costs and projection of salary & benefits using approved run rates
  • Projection of P&L, cashflow and cost per FTE to determine the impact of budget requests
  • Preparation of loading sheets and the actual uploading of approved projection in the system and the reconciliation of the loaded data vs. approved budget.
  • Regular check-in with LOB’s to gather and review budget assumptions
2. Act as LOB partners in the appropriate utilization of their budget, which includes conducting regular cadence to discuss actual budget utilization and variance, recommend or provide guidance in managing their budget, etc.
3. Prepare management reports such as cash utilization, cash projections, MBR/QBR, decks for budget and outlook review and other ad hoc reports
4. Assist in the simulation of cost-saving initiatives, projects or new investments, etc.
5. Assist in the review and update of the standard and procedure for Budget & Reporting
6. May be assigned or rotated within the budget team or Finance team
7. Identify and drive process improvements as needed
8. All other job-related duties that may be assigned from time to time
Educational Background: 
  • Bachelor’s Degree in Accounting and must be a Certified Public Accountant (CPA), CMA not required but preferred
Professional Experience:    
  • With 2-3 years related experience, 1 year in supervisory role (preferred but not required).
  • Preferably has working experience in multinational company, shared service / BPO or Call center

Skills Required:
  • Knowledge of standard accounting policies and procedures
  • Knowledge in PeopleSoft or any Enterprise Resource Planning (ERP)
  • Software/applications (SAP, Oracle) is an advantage
  • Has analytical and problem solving skills
  • Attention to detail and high level of accuracy
  • Has advance skill in using MS Excel and proficient in using Powerpoint
  • Has strong ownership and excellent follow thru
  • Collaborates well within and across different functions
Candidate must be willing to work in Alabang Candidate must be willing to work in a mid shift schedule 

No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).