What is an FP&A Director job?
An FP&A Director is a financial executive who oversees the financial planning and analysis department of an organization. The main responsibility of an FP&A Director is to provide financial insights and analysis to the organization's leadership team to help them make informed decisions about the company's future financial strategy.
What usually do in this position?
FP&A Directors are responsible for developing and implementing financial policies, procedures, and controls to ensure that the organization's financial goals are met. They manage financial planning, forecasting, and budgeting processes to provide accurate financial projections for the organization. They also analyze financial data to identify trends, risks, and opportunities for growth and make recommendations to the senior leadership team.
Top 5 skills for the position:
- Financial analysis
- Budgeting and forecasting
- Leadership and management
- Excellent communication skills
- Strategic planning
How to become this type of specialist?
To become an FP&A Director, you typically need a bachelor's degree in finance, accounting, or a related field. Many employers prefer candidates with an MBA or other advanced degree in finance. You will also need several years of experience in financial analysis, budgeting, and forecasting. Strong leadership and communication skills are also essential for this position.
Average salary:
According to Glassdoor, the national average salary for an FP&A Director in the United States is around $144,000 per year. However, salaries can vary based on location, industry, and years of experience.
Roles and types:
FP&A Directors can be found in a variety of industries, including finance, healthcare, technology, and retail. They can also work in different types of organizations, such as corporations, non-profits, and government agencies. Some common roles for FP&A Directors include financial analyst, financial controller, and CFO.
Locations with the most popular jobs in the USA:
According to a recent survey by Robert Half, some of the top cities for FP&A Director jobs in the United States include New York, San Francisco, Chicago, Los Angeles, and Atlanta. However, many organizations are transitioning to remote work, which can expand the job market for this position beyond traditional geographic boundaries.
What are the typical tools?
FP&A Directors typically use a variety of financial analysis tools and software to perform their job duties. Some common tools include Excel, Tableau, SAP, Oracle, and Hyperion. They also use financial modeling and forecasting software to develop accurate financial projections for their organizations.
In conclusion:
An FP&A Director is a crucial role in any organization's financial strategy. They provide valuable financial insights and analysis to help the senior leadership team make informed decisions about the organization's future. With the right education, experience, and skills, you can pursue a career as an FP&A Director and make a significant impact on your organization's financial success.