What is a Senior FP&A Manager job?
A Senior FP&A Manager job is a high-level position in the finance industry that focuses on financial planning and analysis. This role involves analyzing financial data, creating financial models, and developing financial forecasts to help guide business decisions. The Senior FP&A Manager is responsible for providing financial analysis, reporting, and recommendations to senior management to help drive business success.
What do Senior FP&A Managers usually do in this position?
Senior FP&A Managers are responsible for analyzing financial data to identify trends, create financial models, and develop financial forecasts. They work collaboratively with other departments to develop and implement financial plans, budgets, and forecasts. They also prepare financial reports and presentations for senior management, stakeholders, and investors. Senior FP&A Managers use their financial expertise to help guide business decisions and ensure the financial success of the organization.
Top 5 Skills for the Senior FP&A Manager Position
- Financial Analysis and Modeling
- Leadership and Team Management
- Strategic Planning
- Communication and Presentation Skills
- Business Acumen
How to become a Senior FP&A Manager?
To become a Senior FP&A Manager, you need to have a solid understanding of financial analysis, modeling, and forecasting. You should have a bachelor's degree in finance, accounting, economics, or a related field. Many Senior FP&A Managers also hold a Master's degree in Business Administration (MBA). You should also have relevant work experience in financial planning and analysis, and possess strong leadership and communication skills.
Average Salary for a Senior FP&A Manager
The average salary for a Senior FP&A Manager in the United States ranges from $120,000 to $180,000 per year, depending on location, industry, and experience level.
Roles and Types of Senior FP&A Manager Positions
Senior FP&A Manager positions can vary depending on the organization and industry. Some examples of Senior FP&A Manager roles include Senior Financial Analyst, Director of Financial Planning and Analysis, and Chief Financial Officer (CFO). The types of industries that typically employ Senior FP&A Managers include finance, healthcare, technology, and manufacturing.
Locations with the Most Popular Senior FP&A Manager Jobs in the USA
The most popular locations for Senior FP&A Manager jobs in the United States include New York City, San Francisco, Los Angeles, Boston, and Chicago. These cities have a high concentration of finance, healthcare, technology, and manufacturing industries that employ Senior FP&A Managers.
What are the Typical Tools Used by Senior FP&A Managers?
Senior FP&A Managers use a variety of financial analysis and modeling tools to help them perform their jobs effectively. Some of the most common tools include Microsoft Excel, financial modeling software, and enterprise resource planning (ERP) systems. They also use data visualization tools like Tableau and Power BI to create engaging and informative reports.
In Conclusion
A Senior FP&A Manager job is a challenging and rewarding position that requires a unique set of skills and experience. Senior FP&A Managers are responsible for analyzing financial data, creating financial models, and developing financial forecasts to help guide business decisions. They must possess strong leadership and communication skills, a solid understanding of financial analysis and modeling, and the ability to collaborate effectively with other departments. If you are interested in pursuing a career in finance and have a passion for financial analysis and modeling, a Senior FP&A Manager job may be the perfect fit for you.