Financial Planning & Analysis Role

- Build functional level budgets & control the spends.

- Develop and continually improve budgeting, financial projections, and operating forecasts.

- Present the monthly performance on cost & revenue to various units and departments.

- Implement a business intelligence tool and dashboard reports.

- Collect & Analyze the trends of key performance indicators (KPIs).

- Monitor KPIs and identify the cause of any unexpected variances.

- Competition benchmarking, business model development.

- Support the AVP FP&A data-driven analysis.

A Financial Planning & Analysis (FP&A) role typically focuses on budgeting, forecasting, and financial analysis to help guide a company's financial decisions. The responsibilities of an FP&A professional can vary by industry and organization, but the core duties usually include the following:

1. Budgeting and Forecasting:

- Develop, maintain, and analyze financial budgets and forecasts, including income statements, balance sheets, and cash flow projections.

- Collaborate with department heads to gather inputs for financial plans and set budgetary guidelines.

2. Financial Reporting and Analysis:

- Prepare monthly, quarterly, and annual financial reports, comparing actual results to forecasts and budgets.

- Analyze financial performance metrics, identify trends, and provide actionable insights to senior management.

Generate variance analysis and explain discrepancies between actuals and forecasts.

3. Strategic Financial Planning:

- Assist in long-term strategic planning by creating financial models that evaluate potential investments, projects, or changes in business strategy.

- Support decision-making with financial forecasts, market trends, and risk assessments.

- Provide input on potential mergers and acquisitions, capital investments, and resource allocation.

4. Business Performance Monitoring

- Track key financial and operational performance indicators (KPIs), such as revenue growth, margins, and profitability.

- Work with business units to optimize financial performance, identify inefficiencies, and recommend cost-saving measures.

- Support performance management through ongoing analysis and financial advice.

5. Scenario and Sensitivity Analysis

- Conduct scenario analysis to forecast financial outcomes based on different business decisions or market conditions.

- Run sensitivity analysis to understand how changes in key assumptions affect financial projections.

6. Financial Modeling

- Build complex financial models to simulate various financial scenarios, including cash flow analysis, profit and loss forecasting, and risk management.

- Use models to assist in decision-making for major business initiatives.

7. Stakeholder Collaboration

- Partner with various departments (such as marketing, operations, and sales) to understand their financial needs and provide recommendations.

- Act as a key contact for financial questions, ensuring that decision-makers have accurate, up-to-date information.

8. Risk Management

- Evaluate financial risks and opportunities for the business and suggest strategies to mitigate risks.

- Monitor economic and market conditions and their impact on business performance.

9. Reporting to Senior Management

- Present financial data and analysis to senior leadership, helping to shape the company's financial and strategic direction.

- Prepare executive-level presentations summarizing financial performance and projections.

10. Compliance and Regulation

- Ensure financial reporting complies with applicable regulations and internal policies.

- Coordinate with auditors to support audits and maintain transparency in financial reporting.

This role requires strong analytical skills, proficiency in financial modeling, and a deep understanding of business finance and accounting principles. Depending on the company size and industry, FP&A roles can be more specialized or broad in their scope.