Financial Planning & Analysis Lead

Job Purpose

The Financial Planning & Analysis (FP&A) Lead is responsible for overseeing the budgeting, forecasting, and financial analysis activities of the company. Moreover, this role will provide strategic recommendations to senior management based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.

Job Description

Leadership

• Drive innovation, encourage the team members to think creatively and to find new ways of doing things.
• Foster an environment that encourages eagerness, commitment, and high levels of performance by motivating team members to perform at their best and building a positive work environment.
• Foster an environment that encourages collaboration and teamwork, leveraging the strengths of each team member and supporting to develop their skills and abilities.
• Empower the team members to make decisions where appropriate, fostering a culture of trust, responsibility, and problem-solving mindset.
• Create contingency plans, act swiftly and decisively when problems occur within the team.
• Guide the team members through changes, help them to manage resistance and keep morale high.
• Act as role models, demonstrating Bespin Motto, behaviors, and ethics that Bespin aspires to uphold.

Additional Responsibilities

Financial Reporting and Analysis

• Lead the financial planning and forecasting process. Work closely with various departments to collect, analyze and summarize financial information.
• Develop and present financial reports to executive management, providing insights on financial planning and operating performance of the organization.
• Develop and deliver monthly, quarterly, and annual financial reports. Communicate financial metrics and business drivers to stakeholders.
• Drive process improvements in the FP&A function to improve efficiency and accuracy. Implement financial best practices.
• Conduct detailed financial analysis to understand trends and anomalies in the business. This could involve profit margin analysis, business line profitability, sales and marketing efficiency, etc.
• Support business decision-making processes by providing financial expertise and analysis. This can involve scenario modeling, investment appraisals, pricing strategies, etc.
• Provide financial analysis support for various company initiatives, from new product development to pricing strategies. Develop business cases to support decision making.

Additional Responsibilities

Forecasting and Budgeting

• Support in developing the company’s strategic plan and evaluate the financial impact of strategic initiatives. This includes conducting cost-benefit analyses for proposed projects and guiding the allocation of resources.
• Lead the annual budgeting and periodic forecasting processes and multi-year financial plans. This includes revenue forecasting, expense budgeting, and capital expenditure planning.
• Monitor financial performance by comparing and analyzing actual results with plans and forecasts.
• Collaborate with business leaders to provide financial insights, support decision making, and influence strategic direction.
• Collaborate with other departments (such as Sales, Marketing, Operations, People & Culture) to gather necessary data for forecasts and to understand business trends and conditions.
• Support strategic planning initiatives, including financial modeling and analysis of new business opportunities, acquisitions, or other strategic initiatives.
• Develop and manage the forecasting model to predict the future financial performance of the company, typically on a quarterly, semi-annual, or annual basis.

Additional Responsibilities

Compliance and Risk Management

• Identify and evaluate potential financial risks and opportunities. Develop strategies to mitigate risks and leverage opportunities.
• Ensure compliance with financial regulations and standards.

Job Specification

Education

• Bachelor’s Degree of Finance, Accounting or any related field

Professional Certifications

• Financial Modeling & Valuation Analyst
• Certified Management Accountant (Preferred)

Knowledge

• Oracle Hyperion, SAP, Financial Force, Power BI knowledge is a plus
• Excellent analytical, strategic planning, and problem-solving skills.
• Strong financial modeling, planning & budgeting expertise and knowledge of Excel.
• Understanding of finance systems and databases.
• Ability to communicate complex financial information in a clear and concise manner.