Financial Planning Analyst
As an FP&A expert, you will report to the CFO.
Your responsibilities will include providing financial insights and projections to the leadership team. You will provide reliable data and analysis to be used in decision-making and planning.
You will prepare accurate monthly financial and operations reports, assist in the preparation of presentations that provide thoughtful analysis, identify action items, and effectively frame decisions that need to be made.
FP&A Role & Responsibilities
· Analyze the trends of Key Performance Indicators (KPIs), especially relating to financial metrics such as sales, expenditures, and profit margin.
· Monitor KPIs and identify the cause of any unexpected variances.
· Develop and continually improve budgeting, financial projections, and operating forecast.
· Ad-hoc business performance reporting and analysis.
· Present the monthly and quarterly financial reports of various units and departments.
· Develop financial models and analyze them to support strategic initiatives.
· Support management team and the Heads of Department with data-driven analysis.
· Utilize both quantitative and qualitative analysis of all operational aspects of a company in order to evaluate the company’s progress toward achieving its goals and to map out future goals and plans.
· Consider economic and business trends, review past company performance, and attempt to anticipate obstacles and potential problems, all with an eye toward forecasting the company’s future financial results.
· Evaluating whether the company’s current assets and investments are the best use of the company’s excess working capital, by looking at return on investment (ROI) and comparisons with other ways the company might utilize its cash.
· Gauging the company’s overall financial health, primarily by using key financial ratios such as the debt-to-equity ratio, current ratio, and interest coverage ratio.
· Determining which of the company’s products or product lines generate the largest portion of its net profit.
· Identifying which products have the highest profit margin (and which have the lowest) – It is a separate inquiry from the one listed above, as product(s) that carry the highest profit margin may not necessarily be those that generate the greatest amount of total profit – A simple example: Product A may carry a higher profit margin than Product B, but the company may sell substantially more units of Product B.
· Examining and evaluating the cost-efficiency of each department of the company, in light of what percentage of the company’s financial resources each department consumes.
· Develop menu analysis and menu-builder financial models for use in driving franchisee profitability.
· Working with individual departments to prepare budgets and consolidate them into one overall corporate budget.
· Preparing internal reports for executive leadership and supporting their decision making.
· Creating, updating, and maintaining financial models and detailed forecasts of the company’s future operations.
· Comparing historical results against budgets and forecasts and performing variance analysis to explain differences in performance and make improvements going forward.
· Considering opportunities for the company to expand or grow. Mapping out growth plans, including capital expenditures and investments. Generating three- to five-year financial forecasts.
· Analyze current and past trends in key performance indicators including all areas of revenue, cost of sales, expenses, and capital expenditures.
· Monitor performance indicators, highlighting trends and analyzing causes of unexpected variance.
· Oversee and manage the continued development of Budgeting, Financial Forecasting, Operating Plan and Modeling tools.
· Implement and work with a Business Intelligence Tool and Dashboard reports
· Improve performance by evaluating processes to drive efficiencies and understand ROI in marketing programs, menu pricing, new store rollouts as well as new projects.
· Analyze complex financial information and reports to provide accurate and timely financial recommendations to management for decision making purposes.
· Research, monitor, and provide guidance on key commodities and their impact on future profitability. Buy versus hold strategy based on current market pricing.
FP&A Key Traits
· Good at managing internal stakeholders.
· Strong communicator
· Enjoys using Excel and PowerPoint.
· High attention to detail
· Bachelor's Degree in Accounting or Finance.
· 5+ years experience as Manager of or Associate in Financial Planning and Analysis.
· Strong leadership skills required. Experience in multi-unit retail/restaurant concepts a plus but not required.
· Advanced Microsoft Excel and PowerPoint skills.
· Highest standards of accuracy and precision; highly organized.
· Articulate with excellent verbal and written communication skills.
· Ability to think creatively, highly driven, and self-motivated.
· Demonstrated ability to roll-up sleeves and work with team members in a hands-on management capacity.