Channel company funds to profitable investments.
What does a Financial Planning and Analysis Manager do?
For kids, money management is easy, consisting primarily of quarters and piggy banks. For corporations, however, finance is downright complicated thanks to profit and loss statements, taxes, annual operating budgets and a whole host of complex transactions.
As a Financial Planning and Analysis Manager, it’s your job to coordinate and manage your company’s money as if it were your allowance – only on a much, much larger scale.
To do that, Financial Planning and Analysis Managers are guided by the three principal components of the job: As its name implies, one is financial analysis, another is financial planning and the third is management. The analysis part is the most time-consuming, as it requires constant review of financial data, including income and expenses, as well as the performance of investments and resources. This part of the job requires lots of data collection and input using financial modeling software, as well as lots of communication, as you’ll be required to produce thorough financial reports for management, auditors and shareholders.
Financial planning comes in when those same folks ask: What does it mean? Your reports, including financial summaries and forecasts, help companies make decisions about where to spend and invest their money so they can grow it; it’s your job as a Financial Planning and Analysis Manager, therefore, to interpret financial data and offer advice about financial decisions and priorities, including budgets, operating plans, mergers and acquisitions, capital structure, tax strategy, etc.
The final part of your job – management – includes managing not only money, but also staff. Because people don’t fluctuate based on market conditions, it’s the easiest part of your job!