FP&A Section Manager

Job Summary:
The FP&A (Financial Planning & Analysis) Section Manager will be responsible for leading the FP&A team within the finance department. This role involves overseeing the development of financial models, forecasts, and reports, providing critical analysis to support strategic decision-making, and driving the financial planning processes. The ideal candidate will have strong analytical skills, excellent communication abilities, and a proven track record in financial management.

Key Responsibilities:

• Financial Planning & Forecasting:
• Lead the annual budgeting process, including the development of detailed financial forecasts.
• Prepare long-term financial plans and models to support strategic initiatives.
• Monitor and update forecasts regularly to reflect changes in business conditions.
• Financial Analysis:
• Analyze financial performance against budgets, forecasts, and prior periods to identify trends and variances.
• Provide actionable insights and recommendations to senior management to improve financial performance.
• Develop financial models to support business decisions, including new product launches, capital investments, and cost reduction initiatives.
• Reporting:
• Oversee the preparation of monthly, quarterly, and annual financial reports for internal and external stakeholders.
• Ensure accuracy and timeliness of financial reporting.
• Present financial results and analysis to senior management and other key stakeholders.
• Team Leadership:
• Manage, mentor, and develop a team of FP&A analysts.
• Foster a collaborative and high-performance culture within the FP&A team.
• Set performance goals, conduct regular performance reviews, and provide continuous feedback.
• Cross-Functional Collaboration:
• Work closely with other departments, including Accounting, Operations, Sales, and Marketing, to gather relevant data and insights.
• Support cross-functional projects and initiatives with financial analysis and insights.
• Act as a financial advisor to business unit leaders, providing guidance and support on financial matters.
• Process Improvement:
• Identify and implement process improvements to enhance the efficiency and effectiveness of the FP&A function.
• Leverage technology and tools to streamline financial planning and reporting processes.
• Stay current with industry trends and best practices in financial planning and analysis.

Qualifications:

• Bachelors degree in Finance, Accounting or a related field (MBA or CFA preferred).
• Minimum of 5-7 years of experience in financial planning and analysis, with at least 2-3 years in a management role.
• Strong financial modeling, analytical, and problem-solving skills.
• Proficiency in financial software and tools (e.g., Excel, ERP systems, financial planning software).
• Excellent communication and presentation skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Strong leadership and team management skills.
• Knowledge of accounting principles and financial regulations.

Preferred Skills:

• Experience in [specific industry, if applicable].
• Familiarity with data visualization tools (e.g., Power BI).
• Understanding of ERP systems (e.g., SAP).