What is an FP&A Manager Job?
An FP&A Manager job is a highly specialized and coveted position in the finance industry. FP&A stands for Financial Planning and Analysis. FP&A Managers are responsible for overseeing financial planning and analysis activities in an organization. This includes budgeting, forecasting, financial reporting, and analysis of financial data to support strategic business decisions.
What usually do in this position?
FP&A Managers are responsible for analyzing financial data, creating financial models, and developing financial reports. They also collaborate with other departments within the organization to determine financial goals and objectives. FP&A Managers are also responsible for creating budgets and forecasts, helping to ensure that financial goals are met, and ensuring that the company's financial performance is on track.
Top 5 Skills for Position
- Strong analytical and critical thinking skills
- Excellent communication and interpersonal skills
- Expertise in financial modeling and analysis
- Ability to work well under pressure and meet deadlines
- Knowledge of accounting principles and financial reporting
How to Become this Type of Specialist
To become an FP&A Manager, you typically need a bachelor's degree in finance, accounting, or a related field. Some employers may prefer candidates with a master's degree or other advanced degree. You also need several years of experience in finance or accounting roles, as well as experience in financial planning and analysis. Many FP&A Managers also hold professional certifications such as Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA).
Average Salary
The average salary for an FP&A Manager in the United States is around $110,000 per year. However, salaries can vary widely depending on factors such as location, industry, experience, and education.
Roles and Types
FP&A Managers can work in a variety of industries, including finance, healthcare, technology, and manufacturing. Some common job titles in this field include Financial Planning and Analysis Manager, Finance Manager, and Business Planning Manager.
Locations with the Most Popular Jobs in USA
The most popular locations for FP&A Manager jobs in the United States include New York City, San Francisco, Los Angeles, Chicago, and Boston. However, there are opportunities for FP&A Managers in many other cities and regions as well.
What are the Typical Tools
FP&A Managers typically use a variety of tools and software programs to perform their jobs. Some common tools include Excel, financial modeling software, accounting software, and business intelligence software. In addition, many FP&A Managers use data visualization tools to help them present financial data in a clear and concise manner.
In Conclusion
FP&A Manager jobs are highly specialized and require a unique set of skills and expertise. However, for those who are up for the challenge, these positions can be both rewarding and lucrative. If you are interested in pursuing a career in finance and have a strong background in financial planning and analysis, then an FP&A Manager job may be the perfect fit for you.