Job Description
JOB PURPOSE:
The FP&A Senior Analyst will play a key role in the organization's financial planning and analysis activities. This individual will work closely with senior management to provide insights and recommendations based on financial data. The role is responsible for budgeting, forecasting, financial modeling, variance analysis, and assisting with strategic decision-making.
JOB DUTIES & RESPONSIBILITIES:
Financial Planning & Forecasting:
- Develop and maintain detailed financial models to support budgeting and forecasting processes.
- Collaborate with department heads to ensure alignment with financial goals and assumptions.
- Prepare periodic forecasts and update them regularly to reflect changing business conditions.
- Forecast Balance Sheet, Cash, and Impact on Bank Covenants.
Budgeting:
- Lead the annual budgeting process, including creating detailed department budgets and consolidating the overall company budget.
- Provide support to department heads in setting targets and managing expenses within budgeted limits.
- Work with the sales leader on the establishment of quotas and ongoing tracking.
Financial Analysis:
- Conduct in-depth analysis of the company’s financial performance, including revenue, costs, and margins.
- Perform variance analysis, identifying and explaining deviations between actual and budgeted figures.
- Prepare reports on financial performance for senior leadership, highlighting key trends and areas of concern.
Business Partnership:
- Serve as a business partner to operational teams, providing financial insights to support decision-making and improve business outcomes.
- Support ad hoc financial analysis for key projects, strategic initiatives, or significant investments.
Reporting:
- Prepare and deliver monthly, quarterly, and annual financial reports.
- Ensure timely and accurate financial performance reporting to senior management and stakeholders.
- Support preparing board materials and private equity reporting packages, ensuring accuracy, timeliness, and alignment with strategic goals.
- Ad Hoc reporting as needed for departments.
Data Management:
- Maintain accurate financial data and ensure the integrity of financial reporting systems.
- Ensure proper reconciliation and validation of financial information for internal and external stakeholders.
Process Improvement:
- Identify and implement process improvements in budgeting, forecasting, and reporting processes.
- Automate reporting and analysis tasks to increase efficiency and reduce manual effort.
- Additional duties as assigned.
QUALIFICATIONS & SKILLS:
- Bachelor’s degree in Finance, Accounting, Economics, or a related field. A Master’s degree or professional certifications (CMA, CPA, CFA, etc.) is a plus.
- 4-6 years of experience in financial analysis, FP&A, or accounting, preferably within the manufacturing industry and distribution. Private and Public company experience is a bonus.
- Proficiency in financial modeling and forecasting in Excel. Advanced knowledge of Excel -pivot tables, v/x-lookups, macros.
- Ability to analyze large datasets quickly and present findings.
- Familiarity with NetSuite is a plus.
- Experience with data visualization tools like Power BI, Tableau, etc. is a plus.
- Must be detail-oriented and deadline-oriented, possess strong research skills, be a self-motivated team player with a can-do attitude, and have the ability to work well under pressure.
- Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities.
- Must be outgoing to plan, organize, and meet with business leaders to establish rapport and partnerships.
- Ability to engage with leadership at all levels with professionalism.
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