Financial planning and analysis Accountant (FP&A) is someone within a company’s finance organization that provides senior management with a forecast of the company’s profit and loss (income statement) and operating performance for the upcoming quarter and year. These forecasts inform management on the progress and effectiveness of the company's strategic plans and investments. They also enable management to communicate with external stakeholders.
General Description and Duties:
To perform this job successfully, an individual must be able to perform each essential job task satisfactorily. The tasks listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
FP&A not only reports forecasts and variances but also uses that data to advise management on decisions such as how to improve performance, minimize risk or capture new opportunities from both within the company and within the external environment. To this end, the FP&A is typically charged with the creation of a monthly “CFO” or “Senior Management” book that usually provides:
- Analysis of historical financials
- Variance explanations
- An updated forecast with risks and opportunities to current plan
- Key Performance Indicators (KPIs)
Projects and Other Duties:
FP&A will inevitably be pulled in to work on special projects. Examples vary and can include:
- M&A: Identifying potential acquisition targets, buy-side support, integration and divestitures.
- Process optimization: A perennial problem for large organizations is workflow inefficiency that arises when various technical systems and tools don't "speak to each other" well. Resolving this often requires time consuming manual intervention. Because FP&A teams find themselves in the middle of these process inefficiencies, they are often the ones tasked with improving them.
- Market research: Determining the size of a given market, leaders, laggers and potential opportunities in which the organization may have a competitive advantage.
- Capital allocation: How much of and on what should the organization’s capital be spent.
- Prior experience and proven track record as a Project Manager
- Project Management Professional Certification, Green Belt or Black Belt Certification preferred
- Strong knowledge and understanding of Data Analytics
- Experience gathering and tracking metrics
- Ability to provide consistent measuring, monitoring and improvement of quality/performance
- Bachelor’s degree
- Master's degree preferred
- 3 years of FP&A experience
- Highly motivated and target driven with a proven track record
- Excellent communication, both written and verbal, skills
- Prioritizing, time management and organizational skills
- Ability to create and deliver presentations tailored to the audience needs
- Relationship management skills and openness to feedback