What are the responsibilities and job description for the Financial Planning Analyst position at Irving Materials, Inc.?
The FP&A (Financial Planning and Analysis) Analyst is responsible for providing financial analysis and strategic planning support to an organization. Their primary role is to analyze financial data, support the budgeting and forecasting processes, and provide insights to assist in decision-making.
Key Responsibilities:
● Financial Analysis: Conduct in-depth financial analysis by reviewing and interpreting financial statements, identifying trends, and assessing financial performance. This may involve variance analysis, profitability analysis, and return on investment evaluations.
● Budgeting and Forecasting: Assisting in the development of annual budgets and long-term financial forecasts. Collaborating with various departments to gather relevant data, create financial models, and perform scenario analysis to support accurate budgeting and forecasting.
● Management Reporting: Preparing regular financial reports, dashboards, and presentations for management and key stakeholders. Summarizing and communicating financial performance, key metrics, and trends to support decision-making processes.
● Financial Planning: Supporting the strategic planning process by providing financial insights, analyzing market trends, and evaluating potential risks and opportunities. Assisting in the development and implementation of financial strategies to achieve organizational goals.
● Business Partnering: Collaborating with cross-functional teams and department heads to provide financial guidance and support. Advising on financial implications of business initiatives, assisting in cost management efforts, and providing recommendations for improving financial performance.
● Data Analysis and Systems: Utilizing financial systems and tools to extract and analyze data, ensuring the accuracy and integrity of financial information. Identifying process improvement opportunities and participating in system implementations or enhancements.
● Ad hoc Analysis: Conduct ad hoc financial analysis and special projects as required by management. Assisting in evaluating investment opportunities, conducting benchmarking analysis, or assessing the financial impact of new business ventures and potential acquisitions.
Requirements:
● Bachelor’s Degree in Finance, Accounting, Economics, or a related field.
● Financial Analysis Skills: Strong analytical abilities are crucial, including proficiency in financial modeling, forecasting, and data analysis. Knowledge of financial metrics, ratios, and valuation techniques is also important.
● Accounting Knowledge: A solid understanding of accounting principles and financial reporting is necessary to interpret financial statements, perform variance analysis, and ensure accurate financial analysis.
● Teamwork and Collaboration: Strong collaboration skills are necessary to build relationships, influence decision-making, and work effectively as part of a team.
● Attention to Detail: Being detail-oriented is critical to ensure accuracy in financial analysis, data
interpretation, and reporting. The ability to identify errors and inconsistencies is important for maintaining the integrity of financial information.
● Time Management and Prioritization: Ability to work independently, prioritize tasks, and meet deadlines.