Manager, Financial Planning
Há 1 mês
Posted Monday, October 7, 2024 at 4:00 AM
Position Summary
The Manager, FP&A will report to the Director, Relocation FP&A and will be responsible for developing, communicating, and reporting on daily, weekly, and monthly operating metrics that will drive business unit performance including revenue, margin, EBITDA, and cash flow. The incumbent will provide senior leadership with insight and recommendations that will maximize profitability and cash flow while establishing relationships within the business, corporate, and other business units that promote idea sharing, elimination of redundancy, establishment of common goals and results in maximization of profitability for the company. The Manager, FP&A will support all business units within Relocation.
Functions and Responsibilities
- Monthly Close Process and Operating Reviews (40%)
- Assist accounting group as required to complete close within 3-5 business days of period end.
- Continually work on process improvement to increase timeliness.
- P&L & Balance sheet understanding on a monthly basis.
- Documented variance analysis vs. plan, forecast, and prior periods.
- Generate timely and accurate financial/operational reporting to senior leadership with a focus on explaining why the variances occurred in addition to what they are.
- Facilitate monthly financial reviews at the program level and review results with program managers and senior leadership.
- Identify exposure and opportunities to enhance profit and improve cash flow within the business unit.
- Forecasting Process (20%)
- Establish forecasting process including templates, timetable, and ongoing communication that encompass all income statement line items.
- Incorporate cash flow forecasting.
- Understand existing operational dashboards and processes that can be leveraged.
- Measure variances and establish forecast accuracy criteria.
- Supervision of Finance staff (10%)
- Oversee (coach, mentor, and direct) a direct staff of 2 and indirect staff of 4.
- Set appropriate goals and objectives for staff.
- DSO, Collection, and Cash Flow improvement (10%)
- Improve reporting here including AR roll forwards and trending of invoicing and collections information.
- Improved Summary and Detailed Aging Reports.
- Understand process and timing from performance of work to collections.
- Seek ways to improve cash flow by frequency of invoicing, payment in advance for fixed expenses (facilities and headcount), tighter payment terms, penalties, accurate invoicing.
- Establish relationships within invoicing, revenue recognition, and collections groups.
- Budgeting Process (10%)
- Complete detailed annual budgets for the business units the position supports.
- Documentation and communication of all key assumptions.
- Diligently work with program managers and key leadership within the business unit as well as corporate and other related business units.
- Finalize measurable goals and commitments within multiple levels of the business unit.
- Adhoc Analysis and Special Projects (10%)
- Complete adhoc analysis as requested from time-to-time by the business leaders.
- Operational excellence (Op-Ex) projects as identified by the business or finance leaders.
Qualifications and Preferred Skills
- 6+ years related experience.
- Excellent communication and analytical skills, attention to detail.
- Ability to exercise independent judgment.
- Proficiency in Excel and PowerPoint.
- Fluency in English.
- Strong experience in accounting and analyzing financial results.
- Strong experience in KPI creation, training staff, and setting up processes and ensuring controls.
Education and Certification Requirements
Bachelor’s degree in finance or accounting.
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