Company Overview:
Peapack Private Bank & Trust is a leader in wealth, lending and deposit solutions. At Peapack Private, our clients are cared for by a single point of contact and are served by empowered employees who consistently go above and beyond to provide exceptional service and offer a boutique private banking experience.
What makes Peapack Private different? We are an institution that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the seventh consecutive year by American Banker as one of the “Best Banks to Work For” across the nation. In addition, we were selected as Crain’s Best Places to work in NYC for our inaugural year, 2024. Our secret sauce in one word is our ‘culture’.
At Peapack Private, we value a diverse and inclusive workspace, deeply committed to growing leaders at all levels of the organization thorough mentorship, career pathing, and professional development. There are multiple ways to build relationships and get involved - from joining our Cultural Ambassador Committee focused on areas like Wellness, Fun, Inclusion, or Environmental Awareness - to involvement in community service activities through Volunteerism. Said quite simply, the culture and the people who work here are amazing!
Position Overview
- The Business Analyst supports and contributes to business analytics projects and processes to deliver data-driven insights related to business performance. These insights will be used to advise and develop strategies for operational improvements and future business initiatives.
- Develops a strong understanding of our business model, objectives, issues, and challenges by interacting and collaborating with users and stakeholders. Works directly with business lines and technical teams to understand and define business and operational issues, identify challenges, and establish metrics that represent progress toward resolution.
- Identifies key business questions, determines corresponding data requirements, and conducts exploratory analysis to develop solutions. Provides various business units with analytical insights and actionable information to measure and report progress against corporate strategic objectives.
- Analyzes internal and external data sources, including core systems, business results, industry data, competitor intelligence, and customer information. Makes recommendations to improve data quality and data collection processes. Collaborates with internal teams to diagnose and resolve data quality issues.
- Applies statistical methods, modeling, analytical methodologies, and data analysis to develop and deploy tools such as dashboards, KPIs, KRIs, reports, and models that inform and support decision-making. Presents data clearly and proposes actionable solutions.
- Creates data visualizations to help business leaders understand their challenges and proposed solutions. Participates in working groups and committee forums to assess data needs and recommend potential solutions for data usage.
- Analyzes data to extract valuable insights aimed at improving marketing techniques and increasing cross-sell opportunities across banking services.
- Develops a data literacy process to ensure dashboards, KPIs, KRIs, and all produced reports are understood, adopted, and valued.
- Develops reporting utilized by the lines of business and senior leadership to support sales initiatives and growth
- Compiles incentive compensation reporting and performs ongoing quality control and variance analysis
- Maintains departmental Standard Operating Procedures
Required Skills
- Bachelor’s degree or equivalent experience
- Years of 3 to 6 years experience in a financial services/banking role as a Business Analyst
- 2-5 years experience Microsoft Excel and PowerBI; specifically using various lookups, data queries, report writing, presenting findings and dashboards
- Ability to concisely articulate complex information in both verbal and written form.
- Ability to partner with and influence stakeholders at different levels across the organization.
- Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information
- Ability to manage multiple projects of varying scope/size simultaneously.
- Explore and create discrete solutions that provide valuable outputs.
- Provide ongoing service to the lines of business, including quality control and continuous improvement for initiatives.
Benefits Overview:
We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity/paternity leave, education reimbursement, wellness programs and more. We also offer participation in an Employee Stock Purchase Program and a 401K with a generous match.
The approximate pay range for this position is $81,000 to $130,000 plus an opportunity to earn performance-based incentives. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location.
Note: Incentives and/or benefits packages may vary depending on the position.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
