Financial Planning Manager
A Financial Planning Manager oversees the creation of budgets, forecasts, and financial strategies to ensure the fiscal health and growth of a company. They analyze financial data, monitor market trends, and provide financial advice to senior management.
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Sample Job Descriptions for Financial Planning Manager
Below are the some sample job descriptions for the different experience levels, where you can find the summary of the role, required skills, qualifications, and responsibilities.
Junior (0-2 years of experience)
Summary of the Role
The Financial Planning Manager will oversee the budgeting, forecasting, and financial analysis within the organization. This role will assist in developing financial models, conducting benchmarking and process analysis, and providing financial guidance to enable effective decision-making across the company.
Required Skills
- Analytical thinking and strong numerical abilities.
- Excellent organizational and time management skills.
- Proficient in MS Office and financial planning software.
- Strong interpersonal skills with the ability to communicate across all levels of the organization.
- Detail-oriented and able to multitask in a fast-paced environment.
Qualifications
- Bachelor's degree in finance, accounting, business administration, or related field.
- Understanding of financial statistics and accounting principles.
- Working knowledge of all statutory legislation and regulations.
- PC proficiency and advanced knowledge of Excel and financial modeling.
- Good understanding of financial and investment portfolios.
Responsibilities
- Coordinate and execute financial planning and budget management functions.
- Implement financial planning recommendations and assist with fiscal management.
- Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses.
- Develop and maintain regular financial planning reports; Monthly profit and loss forecast by division (vs. budget).
- Investigate and report variances to assist in key decision making.
- Work with the accounting team to ensure accurate financial reporting and decision support.
- Guide fiscal analysis related to budget amendments and post-audit findings.
Intermediate (2-5 years of experience)
Summary of the Role
The Financial Planning Manager is responsible for overseeing the financial planning and analysis activities within the organization. This includes budget planning, forecasting, and providing strategic guidance to ensure financial goals are met. The role involves analyzing financial data, compiling financial reports, and advising senior management on financial planning decisions.
Required Skills
- Exceptional analytical and quantitative problem-solving skills.
- Excellent communication and presentation skills.
- Strong leadership and project management abilities.
- Ability to work strategically and collaboratively across departments.
- High level of integrity and dependability with a strong sense of urgency and results-orientation.
Qualifications
- Bachelor's degree in Finance, Accounting, Economics, or related field.
- A minimum of 2-5 years of experience in financial planning and analysis or a related financial role.
- Certified Public Accountant (CPA) or Certified Management Accountant (CMA) certification preferred.
- Experience with financial planning software and advanced Excel skills.
- Strong understanding of financial regulations and reporting requirements.
- Proven track record of financial management and strategy development.
Responsibilities
- Develop and execute the company's financial planning process, including budgeting and forecasting.
- Analyze financial data to identify trends, forecast future results, and provide recommendations for financial improvement.
- Coordinate with various departments to gather financial information and ensure consistency in data reporting.
- Advise senior management on financial planning, budgeting, cash flow, investment priorities, and policy matters.
- Ensure compliance with applicable financial regulations and standards.
- Manage the preparation of all financial reports, including income statements, balance sheets, tax returns, and governmental agency reports.
- Facilitate financial modeling and risk analysis activities.
- Maintain a comprehensive understanding of the company's financial status to inform strategic decision-making.
Senior (5+ years of experience)
Summary of the Role
The Financial Planning Manager is responsible for overseeing the financial planning processes within an organization, including budgeting, forecasting, and analysis to guide business strategy and decision-making. This position demands an individual with a significant background in finance, excellent analytical skills, and the ability to lead a team effectively.
Required Skills
- Strategic financial planning
- Financial analysis
- Budgeting and forecasting
- Team leadership
- Communication and presentation
- Risk management
- Problem-solving
- Detail-oriented
- Adaptability
- Financial software proficiency
Qualifications
- Bachelor's degree in Finance, Economics, Accounting, or related field (Master's degree or professional finance certification preferred).
- Minimum of 5 years' experience in financial planning and analysis, with a proven track record in management roles.
- Strong understanding of financial regulations and standards.
- Expertise in financial modeling, reporting, and budgeting.
- Proficiency in using financial planning software and advanced Excel skills.
- Excellent leadership and team management skills.
Responsibilities
- Develop financial plans and forecasts to support the strategic planning process.
- Lead budgeting, financial forecasting, and variance analysis to identify trends and financial risks.
- Coordinate with different department heads to develop and monitor departmental budgets.
- Provide financial insights and recommendations to senior management for decision-making.
- Prepare regular financial reports and present them to stakeholders.
- Ensure compliance with financial regulations and company policies.
- Manage and mentor a team of financial analysts and planners.
- Continuously improve financial modeling and planning processes to increase accuracy and efficiency.
- Collaborate with the accounting team to align financial plans with operational budgets.
- Conduct analysis of business initiatives, contracts, and investment opportunities to evaluate their financial viability.
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