What is an FP&A Senior Analyst Job?
An FP&A Senior Analyst is a specialized role in the finance industry, responsible for managing and analyzing financial data. FP&A stands for Financial Planning and Analysis, and the role involves creating financial models, forecasting, budgeting, and providing insights to the management team to aid in decision making. The Senior Analyst designation is given to individuals who have several years of experience in this field and have acquired a high level of expertise.
What usually do in this position?
The FP&A Senior Analyst job requires a combination of analytical, forecasting, and strategic skills. On a typical day, the Senior Analyst will review financial data, analyze trends, and create reports to provide insights to the management team. They may also be involved in creating financial models, forecasting future revenues, and expenses, and identifying potential risks. The job involves working closely with other teams, such as accounting, sales, and marketing, to understand the business and develop strategies to improve financial performance.
Top 5 skills for the Position
- Analytical thinking
- Financial modeling
- Forecasting
- Advanced Excel Skills
- Business Acumen
How to become this type of Specialist?
To become an FP&A Senior Analyst, you typically need a bachelor's degree in finance, accounting, or a related field. Many employers prefer candidates who have a master's degree in finance or an MBA. Additionally, acquiring professional certifications such as the Chartered Financial Analyst (CFA) or Certified Management Accountant (CMA) can improve your chances of securing a job in this field. Gaining relevant experience in financial analysis, modeling, and forecasting is also essential.
Average Salary
According to Glassdoor, the average salary for an FP&A Senior Analyst in the United States is around $100,000 per year. Salaries can vary depending on factors such as location, industry, and level of experience.
Roles and Types
The role of an FP&A Senior Analyst can vary depending on the industry and company they work for. Some common types of FP&A Senior Analyst roles include corporate finance, investment banking, and management consulting. Within these roles, there are different levels of Senior Analysts, such as Associate, Vice President, and Director.
Locations with the Most Popular Jobs in the USA
The most popular cities for FP&A Senior Analyst jobs in the United States are New York, San Francisco, Los Angeles, Chicago, and Boston. However, there are opportunities for this role in many other cities and regions throughout the country.
What are the Typical Tools?
FP&A Senior Analysts typically use a variety of tools to perform their jobs, including Microsoft Excel, financial modeling software, and data visualization tools. They may also use accounting software such as Quickbooks or Oracle Financials, as well as enterprise resource planning (ERP) systems like SAP or Oracle.
In Conclusion
An FP&A Senior Analyst job is an exciting and challenging role for anyone interested in finance and data analysis. The job requires a combination of analytical, forecasting, and strategic skills, as well as a strong understanding of business operations. With the right education, experience, and certifications, anyone can become an FP&A Senior Analyst and enjoy a rewarding career in the finance industry.