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  • What A Career in FP&A Could Look Like For You

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    FP&A stands for financial planning and analysis. This document discusses what a career in FP&A may look like. It explores who works in FP&A, what their roles and responsibilities are, and why the profession is important. FP&A professionals support business decision making through activities like budgeting, forecasting, financial analysis and reporting. The skills needed include finance, business acumen, technology, and strong interpersonal skills. The profession continues to evolve as data and analytics become more important.

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    What a Career in FP&A Could Look Like for You

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    What a Career in FP&A Could Look Like for You

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    FP&A stands for financial planning and analysis. This document discusses what a career in FP&A may look like. It explores who works in FP&A, what their roles and responsibilities are, and why the profession is important. FP&A professionals support business decision making through activities like budgeting, forecasting, financial analysis and reporting. The skills needed include finance, business acumen, technology, and strong interpersonal skills. The profession continues to evolve as data and analytics become more important.

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    5 views23 pages

    What A Career in FP&A Could Look Like For You

    Uploaded by

    christian.lcosta1
    FP&A stands for financial planning and analysis. This document discusses what a career in FP&A may look like. It explores who works in FP&A, what their roles and responsibilities are, and why the profession is important. FP&A professionals support business decision making through activities like budgeting, forecasting, financial analysis and reporting. The skills needed include finance, business acumen, technology, and strong interpersonal skills. The profession continues to evolve as data and analytics become more important.

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    © All Rights Reserved
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    of 23

    What a Career in FP&A

    Could Look Like for You


    August 17, 2023
    Poll question:
    Which archetype best describes FP&A?
    The Bean The The The The
    Counter Miser Superhero Multi-tasker Magician

    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS 4


    5
    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS 6
    Accounting  CFO
    Prevalence of the
    CFO position, 1963-
    2000 4 Data revolution

    3
    Financial techniques

    2
    Market dynamics

    1
    Tax/accounting/legal optimization U-Chicago Booth School,
    n=429

    The Birth of the CFO

    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS


    CFO: Steward of Company Capital

    Compliance Treasury FP&A


    (Audit) Investor
    Accounting Tax Relations
    Where it was: Where it is: Where it goes next:
    Reporting & Control Distribution Decision Support

    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS 8


    Explore the …

    Who What Why

    … of FP&A

    9
    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS
    Who What Why

    10
    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS
    Budget
    FP&A ????
    Analyst Personal +
    BBA
    Financial Facilities
    MBA
    Advisor Mgmt

    Nikita Miller, FPAC


    Director of Facilities and Financial
    Planning and Analysis
    Kresge Institute

    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS


    Big time CFO:
    “FP&A is
    everyone who
    works for me
    who is not in
    Accounting or
    Treasury.”

    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS 12


    Financial &
    IT Audits Product ????
    BS, Acctg Rotational Control FP&A
    CPA, MBA Program

    Hector Rubalcava, FPAC


    Director, FP&A
    Press Ganey

    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS


    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS
    Who What Why

    15
    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS
    What does FP&A do?

    Performance
    Integrated Planning Management
    Financial Analysis
    (Budget & Forecast) (KPIs & Mgmt
    Reporting)

    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS 16


    What skills does FP&A need?

    Finance & Business


    Acumen

    Technology
    & Data

    Personal & Team


    Effectiveness

    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS 17


    AFP FP&A Maturity Model
    Performance
    Integrated Planning Management
    Financial Analysis
    (Budget & Forecast) (KPIs & Mgmt
    Reporting)
    Finance & Business
    Acumen

    FP&A’s role is to improve business decisions


    Technology across the organization by supporting the
    & Data allocation capital to its most productive use.

    Personal & Team


    Effectiveness

    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS 18


    Who What Why

    19
    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS
    Why do you do what you do?
    > Why do you like this work?
    > What is frustrating about this work?
    > Where is the profession going?

    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS 20


    Additional resources The FP&A Handbook

    Association for Financial Professionals


    Bryan Lapidus, FPAC
    21
    22

    Appendix
    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS
    COPYRIGHT 2023 ASSOCIATION FOR FINANCIAL PROFESSIONALS

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