Published On Premiered Jan 5, 2024
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Financial Planning and Analysis teams are crucial in any mid-sized or large company. But why is the FP&A function so important for organizations nowadays? Because, most of all, it brings together diverse insights from different business departments and ultimately drives strategic growth.
On a day-to-day basis, the FP&A team is responsible for a broad set of financial activities, such as performance analysis and process improvement, strategic planning, budgeting, and forecasting.
A good FP&A analyst possesses the necessary analytical skills and the ability to apply them adequately in a business context. To this end, successful experts develop such soft skills as communication, project management, teamwork, and business and strategic thinking. Technical capabilities may include working with financial software, data analysis, and visualization tools.
An FP&A manager not only supervises financial planning, budgeting, and forecasting but also requires leadership, people management, and results accountability alongside the mentioned technical, analytical, and soft skills.
Now, what skills do you need to build a successful FP&A career? Although a highly technical role that requires a finance or accounting background, successful FP&A specialists also possess strong soft skills, like storytelling and presentation.
And what specific technical expertise do you need to become an FP&A professional? Watch the video to discover more.
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